Random Musings on Wage Stagnation, Inflation, and Vancouver Housing

Random Musings on Wage Stagnation, Inflation, and Vancouver Housing

I was looking at the hourly wages at my job back in 1992 in an old contract. When you adjust the hourly wage to 2016 dollars, there has literally been no real – i.e. inflation adjusted – growth in the hourly wage for over 24 years. What you could buy with an hours’ worth of work back in 1992 buys you the same amount of goods with 2016 dollars. Or put another way…

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Mortgages and Interest Rates

Mortgages and Interest Rates

Buying a home is one of the biggest financial decisions most people will ever make. Taking on hundreds of thousands of dollars worth of debt to purchase a home is an immense decision that shouldn’t be approached casually. There are a myriad of factors you must consider before leveraging so much money for a single, illiquid asset. This is especially important in a “hot” real estate market like Vancouver.

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Why You Should Rent vs Buy

Rent vs Buy

The renting vs. buying debate is pumped full of anecdotes, opinions, and a lot of noise. Typically, people tend to make blanket statements about how buying is the winner’s game and renting is the loser’s game. With some simple mathematics and analysis, I’ll demonstrate why buying a home isn’t always the correct choice and how we will save $13,000 over 5 years by renting rather than buying.

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