靠自己买房的朋友们，你们都是做什么工作的呀？

My partner and I (early 30s) could buy a house today - not the house we want, but certainly a house.

I work in finance, she works in marketing / communications. Household income of ~$325-350k and still growing. We've both been saving for a number of years and have a few hundred thousand saved, but are waiting until we can comfortably afford the house we want in the neighbourhood we want.

Most of our peers also have partners earning similarly to them, and are in similar financial position. Some have had help from parents, others haven't. We both received support paying for schooling (which is huge), but won't be receiving any support for a house purchase.

For you people that didn't get help from your parents, what exactly happened? Are your parents not in a good financial spot? Did you lose your parents? Your parents want you to go through the same hardships they did?

I don't know to me it seems very easy. Live with your parents for FREE no food cost no rent and save 95% of your cheque and invest conservativly right when you start working. Even if you make shit money like 30k a year after 10 years you'll have half a million in cash. your parents don't have to give you your down-payment they just need to give you a place to stay for free then it's up to you to save and invest. And then you can do the same for your children.. hell if you start working at 18 you will be a gaurnteeed millionaire by 38..

But if you parents aren't willing to do that for you then yea I guess it would be hard.

We had two decent salaries and rented rickety places for like 8 yrs and saved up.

We also bought close to 10 yrs ago.

I remember we debated moving from one rental to another for hours before we pulled the trigger due to added expense. Our rent would go up from 1200/month to 1600/month and it seemed like a huge jump. But for 1600 we got a full house with two bedrooms and a nice backyard. This is in east end Toronto btw. Eventually our new landlord put the place on the market, which triggered us to buy as we wanted more stability. Thankfully we had a good chunk saved up by then and could put 20% down.

Even 10 yrs ago, prices seemed astronomical and houses seemed unaffordable. Everything was going for over asking and we saw average prices go up by almost 100k in the 3 months we were looking.

It's ssoooooo much worse now. Both rent and RE prices have gone up to bizarre levels. I don't think we would have been able to pull it off today.

When I first got my place it felt like I had to scrape every penny to get the deal done. It was scary but the condo was also just $280k I believe when I first graduated university ( 2008) by square one in Mississauga.

Had saved up during the coop years ( Waterloo is awesome btw) and started my first gig with MSFT. Ended up getting another detached for under $500k and rented it out to a nice fam. When I got married, sold both ( I believe around 400 and 800k), put that as my down for our current house in Markham.

It’s much tougher for the newer generation because of the delta between price and salary but I also had a very strong conviction back in the day to save so I definitely didn’t go out much ( work was too busy anyways). Every generations got their own issues but the ownership mindset maybe forever diff in large Canadian cities now for better or worse. My sincere advice to literally any younger person is , live at home as long as you can or go state side.