Re:Denmark to raise retirement age to 70
by cyberax on Monday May 26, 2025 @12:55AM
(#44094084)
Of course, building a new community from scratch is hard and is probably not worth it. But there are plenty of small cities that can act as "seeds".
Barrie is still in the general Toronto area, so it's expensive. Sudbury further north that is definitely not a part of Toronto anymore, has very reasonable houses for ~$400k, or 5 years of average household income in Ontario. This is well within the normal "affordable" range, so a 20-years mortgage will be around 30% of income.
The problem is, people _can't_ live in Sudbury because there are no jobs there!
Re:Denmark to raise retirement age to 70
by neom on Monday May 26, 2025 @12:59AM
(#44094099)
My plan at some point is to do a big tech start-up in Winnipeg. Bit of other stuff still to do first, but I have an eye on Winnipeg (good flight times!!)
Barrie is still in the general Toronto area, so it's expensive. Sudbury further north that is definitely not a part of Toronto anymore, has very reasonable houses for ~$400k, or 5 years of average household income in Ontario. This is well within the normal "affordable" range, so a 20-years mortgage will be around 30% of income.
The problem is, people _can't_ live in Sudbury because there are no jobs there!