By What Age Should Someone Own/Have Bought a House?

I did the math on this:

Principal alone (minus the interest payment of $3574) = $2260 a month

$2260 x 12 months = $27120 a year

$27120 x 72.5 years = $2,047,560 (Canadian)

These payments are for a more than $2 million dollar house. (Canadian)

In US dollars it's a $1.5 million dollar house.

I just wanted to see what the cost of this house is.

I have owned in the past, but for the stage of life I'm in, I think that renting is working better for my needs (and the needs of my family.)

But there will always be people telling me I'm throwing money away by renting. I understand that, and if I had the option of knowing I'd be in the same place for 50 years and found an affordable place to buy, I would definitely consider it.

I'm happy for everyone who has or is buying a home and it's worked out well for them.

But I want to thank everyone for making these posts that are assuring me that I am doing the best I can with what I have.

One thing I'm thankful for with renting is that I don't have any institutions breathing down my neck with a large, looming number that I will owe them for the rest of my life, and they can't take anything away from me.

Sure, I realize that landlords can make places completely unaffordable by raising rent, but with so many people having to rent now, I would hope that this would at least keep the rates somewhat competitive.


It's a funny thing that this whole discussion has never answered the original question -- what age should a person be expected to have bought or own a house?


I wonder if reading these replies will change anyone's perceptions of being stressed out by not owning a home by a certain age, or develop a more lenient attitude of when someone should own a home or even their own place when considering a potential date, etc.

As a single woman, I have a good grasp on how expensive things are (especially from living in different places,) and I myself don't expect a potential date or spouse to own a home, or to even have his own place (unless it's out of sheer lack of responsibility or willingness to work, etc.)

Most singles I know can't afford their own places and live with family members to cut costs and/or provide necessary care. It's great if someone can afford their own place, but I think it's pretty rare. (If I'm wrong, feel free to state your own experiences/observations.)

I hope the answers in this thread have let some people out there know that not owning a home is perfectly understandable in today's conditions, and will feel a little less stressed about living up to social expectations.

Instead of a house what every ought to own is their own tree

I have owned in the past, but for the stage of life I'm in, I think that renting is working better for my needs (and the needs of my family.)

But there will always be people telling me I'm throwing money away by renting. I understand that, and if I had the option of knowing I'd be in the same place for 50 years and found an affordable place to buy, I would definitely consider it.

I'm happy for everyone who has or is buying a home and it's worked out well for them.

But I want to thank everyone for making these posts that are assuring me that I am doing the best I can with what I have.

One thing I'm thankful for with renting is that I don't have any institutions breathing down my neck with a large, looming number that I will owe them for the rest of my life, and they can't take anything away from me.

Sure, I realize that landlords can make places completely unaffordable by raising rent, but with so many people having to rent now, I would hope that this would at least keep the rates somewhat competitive.


It's a funny thing that this whole discussion has never answered the original question -- what age should a person be expected to have bought or own a house?


I wonder if reading these replies will change anyone's perceptions of being stressed out by not owning a home by a certain age, or develop a more lenient attitude of when someone should own a home or even their own place when considering a potential date, etc.

As a single woman, I have a good grasp on how expensive things are (especially from living in different places,) and I myself don't expect a potential date or spouse to own a home, or to even have his own place (unless it's out of sheer lack of responsibility or willingness to work, etc.)

Most singles I know can't afford their own places and live with family members to cut costs and/or provide necessary care. It's great if someone can afford their own place, but I think it's pretty rare. (If I'm wrong, feel free to state your own experiences/observations.)

I hope the answers in this thread have let some people out there know that not owning a home is perfectly understandable in today's conditions, and will feel a little less stressed about living up to social expectations.

Just to let you know, the Liberal/NDP and LOCAL government has been INTENTIONALLY goosing the housing market for a long long time. Why pray tell?

Taxes. Maximum taxes extracted from hapless sheeple citizens. Nose bleed housing valuations is the goal, with nosebleed tax assessments to follow.

Also: fake credit funny munny that boosts the GDP like a crooked accountant would.

Asset appreciation for the elites who dominate and control the politicians, and any politicians who become wealthy themselves by rising thru the ranks.

Oh, and yes the unholy alliance of the government and banks is always afoot. Banks are more than happy to accommodate the housing bubble. I mean......debt slavery is their business after all.

A debt and tax burdened populace is a helpless enslaved populace, trapped without the least degree of freedom, who then comes begging to the GOVERNMENT for solutions. Thereby FURTHER EMPOWERING the government itself......which is the ultimate goal. An all powerful government run by a merry-go-round of the same old grifters, con men and exploiters......just like a South American banana republic.

Ah thanks, that clears it up a lot.

I was beginning to wonder what kind of place Canada is, from the description you gave it. I was starting to get a bit concerned for my friends in Canada.

But this post, and subsequent ones like it, make it clear you are a hard-core conspiracy theorist, so I can discount about 93% of what you say about how bad it is up there.

How about just moving to a different country.

Micah 4:4 mentions everyone sitting under the own fig and olive tree

It doesnt say everyone ought to have their own house.
in the ten commandments, you arent supposed to covet your neighbours house anyway. so why do people seem to think its a good idea to encourage people to covet houses?

BTW.....Ontario is $400 billion in the hole. A staggering and utterly unpayable debt load.

So..... @Lynx do you have any cards wherewith to trump my aces? Irreverent vacuous meaningless one-liner duds don't count.