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A comment on Rising Rents Are Pushing More Tenants Past the Breaking Point. Parent comment

Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by beebmam on Thursday October 26, 2017 @01:04PM (#15560819)
Yep, your career really does take you where it takes you. I'm in the same boat.

I've lived here for 5 years and have been saving, was getting pretty close to being able to afford a house, and the last year or so has seen such a huge increase in home prices and a decrease in availability that I've given up hope.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by mistermann on Thursday October 26, 2017 @01:27PM (#15561075)
The funny thing is, if you grit your teeth and bought recently or even now, it's possible you could retire on the capital gains in <<< 10 years.

Or you could be bankrupt.

Either one seems equally possible to me.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by sushisource on Thursday October 26, 2017 @06:10PM (#15563607)
Well, only if you were willing to move to a much, much cheaper area to realize those gains.
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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by mistermann on Thursday October 26, 2017 @07:44PM (#15564278)
Not necessarily, if your house is going up $10k per month you could live on HELOCs. Easily possible in the last decade or so in Vancouver.
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