My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • Rob Bos@lemmy.caEnglish
    2·
    17 hours ago

    Yeah. I’m pretty much resigned to living in our rental until we get renovicted. No kids, double income, a lot of savings… but the mortgage payments would be way more than it’s worth to have a minor upgrade. Strata payments alone are often more than our rent!

    • M0oP0o@mander.xyzEnglish
      1·
      17 hours ago

      Condo/HOA/Strata fees are a big way people are kept out of owning their own place. Its crazy that almost every place even remotely affordable is part of one.

      • Rob Bos@lemmy.caEnglish
        2·
        15 hours ago

        I get the need for them, to pay for shared building services. Strata fees pay for exercise rooms, pools, grounds maintenance, whatever. I 100% am behind them, as long as the Strata council is responsive to needs and not corrupted, but there’s the rub.

        I’d generally be happier with few services and low strata fees tho.

        • M0oP0o@mander.xyzEnglish
          1·
          13 hours ago

          Or not having any but fix your own shit. I like the idea of smaller houses and yards but not if that comes with shared maintenance fees.

          The costs for some of these things is silly and since most people don’t volunteer to be on those boards they don’t even get to see how their fees are spent.