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  • Chris Routh (He/Him)Routhinator@tenforward.social
    Oct 23, 2026, 4:09 PM

    @chris further to that, mortgage payments on a $527.9k home are $4000/month.

    A 65k income is $1295/month before tax.

    Even at this math the cost doesn't work. And the finances are too fragile. I got long covid and cannot work, waiting for LTD, but my EI will be about $60k a year, and that will not cover the mortgage, let alone anything else.

    One little life-gotcha, and that's it.

    Houses should not be more than $500k. The math doesn't work otherwise.

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Replies

  • Chris Alemanychris@socialbc.ca
    Oct 23, 2026, 4:19 PM

    @Routhinator absolutely. It’s all about income. No different from food. How did government decrease the number of kids going to school hungry?

    They implemented a child subsidy to supplement the income of families. But if people without kids can’t afford bread, or their mortgage, or their prescriptions, then what?

    Capitalism/corporate capture has run amok, the pendulum is too far. We need guaranteed income and capped food and housing prices so every single person can feed and house themself.

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  • datum (n=1)datum@zeroes.ca
    Oct 23, 2026, 5:42 PM

    @Routhinator @chris

    A 65k income is $1295/month before tax

    A 65k income is $5416/mo before tax though?

    I'm not suggesting paying 2/3 of income towards a mortgage is wise, just that your division is incorrect.

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  • Chris Routh (He/Him)Routhinator@tenforward.social
    Oct 23, 2026, 5:57 PM

    @datum @chris er, yeah I divided into weeks there, sorry. Bit of a PEM crash today.

    But after taxes, you aren't paying 4000/month in mortgage. After taxes that would be all of your income, I believe.

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  • Chris Routh (He/Him)Routhinator@tenforward.social
    Oct 23, 2026, 6:01 PM

    @datum @chris I'll add to this that with a family of three, (1 child).. Groceries are around $600/month if you are frugal and make from scratch, batched meals a lot.

    Hydro on a house this size runs around $200/month (we have no gas or working stove, all electric and as a result our hydro rate is maximum)

    Then you have phone, internet.. Clothes.

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