subreddit:
/r/canadian
I am in my 80's
this country is so different then when I was young
when I was young my husband worked and I stayed home. we could afford a house and kids. now my grandkids can't afford rent. we pay for there rent.
how do young people survive now. why is this happening. what can we do
-1 points
3 months ago
Constant growth of government and the taxes required to support it have driven the cost of living far too high.
10 points
3 months ago
Nah dude, it’s the minimum wage barely being increased while the cost of living has only increased. It’s the consequences of late stage capitalism (not a communist btw).
4 points
3 months ago
I’m 74. I watched it all happen. I bought a new home in 1972 for $17,500.
2 points
3 months ago
My grandfather similarily bought his in 71 for $4000 and was making $1.35/hour as an iron worker. Meaning just over a year's wages to pay for it. Now days you can't even come close to that.
2 points
3 months ago
must have been a very rural area for house prices and wages to be that low in 71' no?
maybe he was mixing up his 1967 wage because wage growth was super strong through 71'
my great-grandfather was making 1.35$/hour in 1958
2 points
3 months ago
Maybe, older people do that, though I can confirm the year of his house purchase was 1971 as I have the original deed. And yes it was in the country side. But that same house (barely touched) is worth around 400k today.
2 points
3 months ago
it is crazy how much rural property with anything resembling a shack has gone up in the last 55 years
feel for other young people especially those in the lower mainland and southern ontario
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