Thanks guys.
Some friends of ours worked close to each other in Vancouver BC.
When they first got together, they bought a small, single bedroom, condo downtown.
The condo worked well for them and they made money on the sale a few years later. However the new owners got hit hard when it became apparent the complex needed major repairs. Some owners who could not pay, were forced to walk away!
New jobs sent them to another city and they bought a townhouse walking/cycling distance from where they work.
Cost, about $500k, about the same as a three bed house on acreage 40 minutes out of town.
They do have a car, mostly used when travelling out of town. Mostly it sits outside their small garage (that's full of stored stuff)
NOW they have a two year old child, He travels overseas with work, or works from home. She has her job in the city, but the townhouse feels too small, daycare is expensive, and they don't go out as much anymore.
Still she wants to live and work in town.
They are considering a house on a city lot, $1m!!
Some friends of ours worked close to each other in Vancouver BC.
When they first got together, they bought a small, single bedroom, condo downtown.
The condo worked well for them and they made money on the sale a few years later. However the new owners got hit hard when it became apparent the complex needed major repairs. Some owners who could not pay, were forced to walk away!
New jobs sent them to another city and they bought a townhouse walking/cycling distance from where they work.
Cost, about $500k, about the same as a three bed house on acreage 40 minutes out of town.
They do have a car, mostly used when travelling out of town. Mostly it sits outside their small garage (that's full of stored stuff)
NOW they have a two year old child, He travels overseas with work, or works from home. She has her job in the city, but the townhouse feels too small, daycare is expensive, and they don't go out as much anymore.
Still she wants to live and work in town.
They are considering a house on a city lot, $1m!!