Editor:
I’ve enjoyed the back and forth in the NOW Opinion pages on the subject of housing affordability in Burnaby.
I’m still amazing that some older generations just can’t seem to accept that the gap between incomes and house prices is so much larger than what they faced when they were ready to buy a home.
The gap is bigger than the Grand Canyon and it doesn’t appear to be getting any smaller.
According to an article in the NOW, “two out of three Burnaby areas surpassed the $2 million mark for a benchmark price last month. Burnaby South currently sits at a benchmark price of $2,067,100 (+4.2% in one month) while Burnaby North was at $2,021,400 (+4.9% in one month). Burnaby East stayed under $2 million at $1,776,300 (+2.7% in one month).”
I’m sorry, but the only young people who could afford a house in Burnaby are those who get their money from the bank of daddy. There simply is no way most young people can save enough money in their regular lives to be able to afford a house here with a yard and a dream of having a family. It doesn’t matter how many vacations they skip. The only real people who can afford a house in Burnaby are speculators or CEOs.
It’s just not possible unless their parents are forking over six figures so let’s dispense with the ignorance please and support young people in our fight to push all levels of government to find ways to make homes more affordable.
E. Grayson, Burnaby
