Average Vancouver house price in 1984 was 112k
With inflation only, would be 236k
Actual price avg today is 761k
Average 1984 family income was 50k
2009 was 60k
Working as intended I'm sure.
Read the comments to read from some older folks (our demographic here doesn't have as many folks). It's interesting to read. Lots of people in the same boat. Lots of people sitting on 500k homes that they bought for 100k. Lots of people that could not afford to buy back into the same house if they were starting again.
I hope there's some massive correction at some point. I'll take the hit but fix it for the future or my kids going to be working 80 hours a week to live in a box that some 1%'er threw away for their new trampoline.