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On a more serious note: there's a tectonic shift going on in the US too, it's just not as stark. Young'uns are moving to the cities enmasse, resulting in skyrocketing rents in places like SF, Seattle. The old American Dream of having a McMansion out in the 'burbs has largely died out. Now people prefer the urban areas.
I actually live in Toronto and I agree real estate here is expensive. What I don't get is WAY more expensive in places like London, Hong Kong, New York and San Francisco but I don't hear as many complaints or alarms going off in those areas. Why? Is this just me being oblivious?
It's because Toronto is in a state of transition. No one complains about NY, London, HK real-estate because it's already understood to be expensive in the mainstream. But Toronto real-estate being expensive is relatively new such that you have people who grew up in Toronto not being able to afford it in adulthood. People are slowly realizing that TO is now just another global city out of reach to the middle class unl…
What, no Newfie jokes? On a more serious note: there's a tectonic shift going on in the US too, it's just not as stark. Young'uns are moving to the cities enmasse, resulting in skyrocketing rents in places like SF, Seattle. The old American Dream of having a McMansion out in the 'burbs has largely died out. Now people prefer the urban areas.
"How many Newfies does it take to screw in a light-bulb?"
"Don't screw in that light bulb - the power-grid can't take the extra load!"
I actually live in Toronto and I agree real estate here is expensive. What I don't get is WAY more expensive in places like London, Hong Kong, New York and San Francisco but I don't hear as many complaints or alarms going off in those areas. Why? Is this just me being oblivious?
What, no Newfie jokes? On a more serious note: there's a tectonic shift going on in the US too, it's just not as stark. Young'uns are moving to the cities enmasse, resulting in skyrocketing rents in places like SF, Seattle. The old American Dream of having a McMansion out in the 'burbs has largely died out. Now people prefer the urban areas.
Great read, but probably off-topic.
What, no Newfie jokes? On a more serious note: there's a tectonic shift going on in the US too, it's just not as stark. Young'uns are moving to the cities enmasse, resulting in skyrocketing rents in places like SF, Seattle. The old American Dream of having a McMansion out in the 'burbs has largely died out. Now people prefer the urban areas.
That's not new. What also isn't new is that when those same people get married and have kids, they'll be looking to move out of that urban environment.
And all of that is completely unrelated to what the article is about.
Earlier quoted context omitted.
It's because Toronto is in a state of transition. No one complains about NY, London, HK real-estate because it's already understood to be expensive in the mainstream. But Toronto real-estate being expensive is relatively new such that you have people who grew up in Toronto not being able to afford it in adulthood. People are slowly realizing that TO is now just another global city out of reach to the middle class unl…
It's so cold there, who needs a backyard? You can only use it 2 weeks a year, and you'd be better off sailing.
Earlier quoted context omitted.
It's because Toronto is in a state of transition. No one complains about NY, London, HK real-estate because it's already understood to be expensive in the mainstream. But Toronto real-estate being expensive is relatively new such that you have people who grew up in Toronto not being able to afford it in adulthood. People are slowly realizing that TO is now just another global city out of reach to the middle class unl…
It's so cold there, who needs a backyard? You can only use it 2 weeks a year, and you'd be better off sailing.
Earlier quoted context omitted.
It's because Toronto is in a state of transition. No one complains about NY, London, HK real-estate because it's already understood to be expensive in the mainstream. But Toronto real-estate being expensive is relatively new such that you have people who grew up in Toronto not being able to afford it in adulthood. People are slowly realizing that TO is now just another global city out of reach to the middle class unl…
It's so cold there, who needs a backyard? You can only use it 2 weeks a year, and you'd be better off sailing.
Earlier quoted context omitted.
It's because Toronto is in a state of transition. No one complains about NY, London, HK real-estate because it's already understood to be expensive in the mainstream. But Toronto real-estate being expensive is relatively new such that you have people who grew up in Toronto not being able to afford it in adulthood. People are slowly realizing that TO is now just another global city out of reach to the middle class unl…
It's so cold there, who needs a backyard? You can only use it 2 weeks a year, and you'd be better off sailing.
I think they're a ridiculous pain in the ass and largely useless but that's beside the point -- some people still derive enjoyment from them.