“I’m in my mid-late twenties and I would love to buy a house now but I just don’t have the money. I work full-time and make a reasonable wage for not having any dependents but it is very difficult to save a a $20,000 downpayment. My elders tell me I can buy a house with little to no downpayment at all. Terrible advice. My rent is still slightly less than a mortgage payment (with utilities included). All I can do at this point is keep feeding my RRSP.”
– tiredofsex in the comment section at the Globe and Mail 5 Apr 2012
A 20-something who is perhaps wiser than their ‘elders’.