Comments on: Jungle Bulletin http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/ A Vancouverite's journey to financial freedom. Thu, 11 Mar 2010 18:31:43 +0000 http://wordpress.org/?v=2.1.2 By: Monty Loree http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-27 Monty Loree Sat, 28 Apr 2007 13:09:33 +0000 http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-27 Hey FinancialJungle, House prices doubling seems unreasonable. I live in Regina where housing prices have remained pretty stable over the last 25 years. Places like Calgary... how could people sustain double the price for a house that they are having trouble affording right now?!! Hey FinancialJungle,
House prices doubling seems unreasonable. I live in Regina where housing prices have remained pretty stable over the last 25 years.

Places like Calgary… how could people sustain double the price for a house that they are having trouble affording right now?!!

]]> By: Financial Jungle Guy http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-28 Financial Jungle Guy Sun, 29 Apr 2007 07:21:50 +0000 http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-28 I kind of agree with the report, because doubling over 20 years is only 3.53% per year compounded. I live in Vancouver, and the average detached sold in March is over $700k. I've read various reports that Vancouverites are now paying 60% of their gross income toward home ownership. The only way houses can keep appreciating at this pace is if everyone gets a 10% pay raise every year. I kind of agree with the report, because doubling over 20 years is only 3.53% per year compounded.

I live in Vancouver, and the average detached sold in March is over $700k. I’ve read various reports that Vancouverites are now paying 60% of their gross income toward home ownership. The only way houses can keep appreciating at this pace is if everyone gets a 10% pay raise every year.

]]> By: Monty Loree http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-36 Monty Loree Sun, 29 Apr 2007 14:30:09 +0000 http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-36 Well possibly, That's alot of inflation. Are wages going to increase at the same rate? Well possibly,
That’s alot of inflation. Are wages going to increase at the same rate?

]]> By: Financial Jungle Guy http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-37 Financial Jungle Guy Sun, 29 Apr 2007 17:11:07 +0000 http://financialjungle.com/2007/04/28/investing/jungle-bulletin-2/#comment-37 I think it's highly unlikely that wages will raise at that rate, that's why doubling the real estate over 20 years is more reasonable than over 7 years. I think it’s highly unlikely that wages will raise at that rate, that’s why doubling the real estate over 20 years is more reasonable than over 7 years.

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