Comments on: Why Aren’t Millennials Having Children? It Might Be Due To High Real Estate Prices https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/ Canada’s Fastest Growing Real Estate News Source Tue, 15 Feb 2022 15:30:50 +0000 hourly 1 By: Cto https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80362 Tue, 15 Feb 2022 15:30:50 +0000 https://betterdwelling.com/?p=19633#comment-80362 We are a median class household, own 1 house, one child who is 12. This kid works hard and does well in school, but I worry every day that his future in Canada is likely to be one of very meager existence, even with university. ..I’ll never tell him, but continue to stress,…try, try, try, and good things come to those wait.
Oh well….

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By: D https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80287 Sun, 13 Feb 2022 05:44:20 +0000 https://betterdwelling.com/?p=19633#comment-80287 How can one realistically pay off $1.5 million home with an average wage of $70k and high living expenses even if you go cheap?

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By: Woolsock https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80225 Fri, 11 Feb 2022 15:22:31 +0000 https://betterdwelling.com/?p=19633#comment-80225 In reply to Wade.

Abolutely. We’re not even millenials and our “biological bus” is pulling out of the proverbial station. It would be fine to live more like Europeans, but we just can’t live more like Europeans here. First, there aren’t many European-like flats here – they’re actually pretty large, in small buildings because they were actually built for families, not single 20-somethings. Property like that here – it’s very “European-ness” – would fetch a premium on top of over-priced everything. Second, we did live in Europe and, while certain things were more expensive, broadly our cost of living was lower than in Canada. No need for a car (let alone two), for example, plus a decent salary making a single income family actually possible. Crazy talk, I know. We were actually never closer to getting on said biological bus than we were when we lived there. We even have a hefty sum saved and invested, but at this point I’d really, really rather it didn’t go to Canadian real-estate.

I think Canadians have either been convinced otherwise or largely forgotten that we’re not supposed to owe huge sums of money for our entire adult lives. I don’t know how we got this way.

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By: Alice https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80188 Thu, 10 Feb 2022 16:35:14 +0000 https://betterdwelling.com/?p=19633#comment-80188 Screwed entire generation due to greed and capitalism, but can import 400k immies during a pandemic, so they can have proverty children in Canada.

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By: Jappan Singh https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80186 Thu, 10 Feb 2022 14:18:29 +0000 https://betterdwelling.com/?p=19633#comment-80186 Family formation is off for me. Yes it is due to cost of living. Plan is to find another country to live.

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By: Joe https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80183 Thu, 10 Feb 2022 13:29:40 +0000 https://betterdwelling.com/?p=19633#comment-80183 Considering the number of jobs available in Canada, I would say the country is overpopulated. The population of Canada needs to reduce by 30% to ensure a decent standard of living. A lower population would also lower demand for housing and make it affordable.

The situation is the same in the US too. US is overpopulation based on the number of jobs available.

With automation, there is a fewer need for people and there will be fewer jobs available.

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By: Wade https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80182 Thu, 10 Feb 2022 13:27:06 +0000 https://betterdwelling.com/?p=19633#comment-80182 As a millennial this is 100% true and very discouraging. To the crowd who says “lower expectations, be more European, raise a child in a rental or apartment” it is not as if renting is much cheaper than owing – renters my age often pay close to the same per month as home owners, we just don’t have the 100k++ needed to get into the homeowning class, and what 30 year old does without significant parent support? Yes I can wait until 35-40 until I have a down-payment ready, but biology does not wait. Homeowners have more stability in their costs and more a more certain financial future, no wonder they see themselves as better able to raise children.

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By: Freddy https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80165 Thu, 10 Feb 2022 01:56:46 +0000 https://betterdwelling.com/?p=19633#comment-80165 The Canadian government is creating a feudal system. The weathy land-owners suck the wealth sweat and tears out of the peasants, all sanctioned by the state.
Peasants don’t want to reproduce? No problem, we will import more peasants from aboard.

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By: Bruno https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80164 Thu, 10 Feb 2022 01:18:20 +0000 https://betterdwelling.com/?p=19633#comment-80164 Good point. There really is something psychopathic about the way politicians say immigrants are needed for Canada, not we need to attract them.

They also tend to parade out one or two key “success” stories, that are nothing like the average person. Millionaires that would be wealthy regardless of where they’re from.

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By: Michael Armstrong https://betterdwelling.com/why-arent-millennials-having-children-it-might-be-due-to-high-real-estate-prices/#comment-80161 Thu, 10 Feb 2022 00:56:23 +0000 https://betterdwelling.com/?p=19633#comment-80161 Don’t worry, the government will fix this by building $1 million 300 square foot boxes.

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