What would half a million buy....

[Sehrysh]

Re: What would half a million buy…

@SID_NY

OP, your conclusion is right and surprisingly it took longer.
The real estate value is very high in Canada, especially cities like Toronto. so it all depends which loc you are talking about.

In manhattan or LA it can be equally high while if you goto south carolina or Texas or Maine it’ll be again very low.

So this is sort of the point. It’s interesting that people living in Manhattan with well over 6-figure salaries are living in 2 bedroom apartments that are teeny-tiny compared to the larger homes in the suburbs that cost less! Affluence and city living isn’t about size, but about location and it seems like a lot of people are willing to live in less to be in the “city”.

What’s actually sad is that people working in service industries who make considerably less have these super-long commutes because they can’t afford to live in the very city that they keep running.