I read an excellent article a while back about how home ownership was actually hurting the economy as people could not afford to move because they were underwater on their loans. Owning a home doesn’t make as much sense anymore, never did actually. IF you buy a home for 75,000 and sell it at 10 years for 100,000, you haven’t made money as all similar 10 yr old homes will cost $100,000 and new home even more. The big problem with renting is the landlord might sell the house and you have to move.
Just yesterday my 30 year old son was talking about options for the purchase of a used shipping container, which would be outfitted as living quarters. Apparently this is a thing.
Actually, I’m glad I’m taking night classes on computer coding, because I don’t think I can retire on manual labor. I’m very lucky I have a $650 apartment so close to transit, and realize not many are so lucky.
If you want an affordable house in Ontario, you have to move more than commuting distance from Toronto. Commuting distance used to be an hour; now it’s one-and-a-half to two hours and increasing.
I bought a house (much like the one illustrated above but on a busy street) in the year 2000 for $105,000. It sold this year for four times that. Wages have barely moved in that time. How can people live?
Stephan, I know this might be insane, but could you make Timmy Failure and Pearls crossover in a way? I am a huge fan of both. I know you already kid of did that in ‘The Cat Stole My Pants’ when you drew the rat and the pig and “Pastis Rools!” when Timmy was in the stall. Also, my uncle died while reading Pearls :(
Nick and Nancy Newlywed are lucky to have chosen so accommodating a neighbor as Paris Goat. Chances are, Rat would not have been so welcoming to their new Tiny House/Storage Unit….
Or what could happen, I was renting and after 5+ years I decided to buy a house. I moved out of the rental and remembered that my deposit wasn’t repaid. I went back to them and was told that my rent should have gone up $50 per year. I told them I did not have a new lease drawn up for the other 4+ years of my rental so I was not getting my deposit and they were using it to pay the extra rent that I was supposed to pay every year.
BE THIS GUY almost 7 years ago
“Also, can we borrow a bucket? We promise to wash it out before we return it.”
Templo S.U.D. almost 7 years ago
okay…
Liverlips McCracken Premium Member almost 7 years ago
Coming in the not-too-distant future to a community very close to you.
Sherlock Watson almost 7 years ago
Luxury! Why, we used to dream of living in a storage pod…
(Name that sketch!)
nosirrom almost 7 years ago
Nick and Nancy are internet entrepreneurs and have earned millions from their pod casts.
Gent almost 7 years ago
This makes sense.
Renatus Profuturus Frigeridus Premium Member almost 7 years ago
To buy a house is a great problem also here in Italia and many young couples can’t afford a bank loan because their poor jobs
Cameron1988 Premium Member almost 7 years ago
Tiny house nation
Egrayjames almost 7 years ago
A good reality check is being forty years old and realizing that everything you own fits into one storage pod.
NeedaChuckle Premium Member almost 7 years ago
But they buy $1000 iPhones.
John Smith almost 7 years ago
One look at Nancy has the same effect as a cold shower from a garden hose
Sportymonk almost 7 years ago
I read an excellent article a while back about how home ownership was actually hurting the economy as people could not afford to move because they were underwater on their loans. Owning a home doesn’t make as much sense anymore, never did actually. IF you buy a home for 75,000 and sell it at 10 years for 100,000, you haven’t made money as all similar 10 yr old homes will cost $100,000 and new home even more. The big problem with renting is the landlord might sell the house and you have to move.
DiminishedFirst almost 7 years ago
Just yesterday my 30 year old son was talking about options for the purchase of a used shipping container, which would be outfitted as living quarters. Apparently this is a thing.
A_NY_Outlaw almost 7 years ago
what if their last names was Peeze. then they could be two Peeze in a Pod. Pastis missed an opportunity!
VICTOR PROULX almost 7 years ago
“This economy has issues” – Stephan Pastis
ksu71 almost 7 years ago
Unless….NIMBY
https://www.ohio.com/akron/business/tiny-houses-are-trendy-unless-they-go-up-next-door
VICTOR PROULX almost 7 years ago
https://www.dwell.com/article/this-awesome-shipping-container-home-can-be-yours-for-dollar125k-3a7898e3
Ermine Notyours almost 7 years ago
But… a rising tide lifts all boats. Right?
Actually, I’m glad I’m taking night classes on computer coding, because I don’t think I can retire on manual labor. I’m very lucky I have a $650 apartment so close to transit, and realize not many are so lucky.
eisneun almost 7 years ago
if they were to shower with my hose, it would be a golden shower.
Kveldulf almost 7 years ago
If you want an affordable house in Ontario, you have to move more than commuting distance from Toronto. Commuting distance used to be an hour; now it’s one-and-a-half to two hours and increasing.
I bought a house (much like the one illustrated above but on a busy street) in the year 2000 for $105,000. It sold this year for four times that. Wages have barely moved in that time. How can people live?
Kveldulf almost 7 years ago
BTW, I live in Kitchener, an hour’s drive west of Toronto.
kaffekup almost 7 years ago
Donald reads PBS?
Number Three almost 7 years ago
So sad and realistic.
xxx
dook almost 7 years ago
Hah! Check out http://vancouverhouse.ca/. A 400 square foot apartment at C$630k (Vancouver Sun 22 Sep 2017)
Iwa Iniki almost 7 years ago
Must be Orange County in California.
NintendoMachy YouTube almost 7 years ago
Stephan, I know this might be insane, but could you make Timmy Failure and Pearls crossover in a way? I am a huge fan of both. I know you already kid of did that in ‘The Cat Stole My Pants’ when you drew the rat and the pig and “Pastis Rools!” when Timmy was in the stall. Also, my uncle died while reading Pearls :(
Sisyphos almost 7 years ago
Nick and Nancy Newlywed are lucky to have chosen so accommodating a neighbor as Paris Goat. Chances are, Rat would not have been so welcoming to their new Tiny House/Storage Unit….
robert39503 almost 7 years ago
Or what could happen, I was renting and after 5+ years I decided to buy a house. I moved out of the rental and remembered that my deposit wasn’t repaid. I went back to them and was told that my rent should have gone up $50 per year. I told them I did not have a new lease drawn up for the other 4+ years of my rental so I was not getting my deposit and they were using it to pay the extra rent that I was supposed to pay every year.
ND Cool Z almost 6 years ago
Staying in your parents’ home is the cheapest…for you newlyweds.
tony_n_jen2003 over 4 years ago
I’ll always have my log.