“I make a decent income, one that my parents would’ve envied when they were my age,” […] “I could barely find a place that adheres to that rule of not paying more than 30 per cent of my income
Just how little did your parents make that they are envious of an income so low that it cannot even cover the ‘30% Rule’?
The average 1 bedroom apartment rent in Vancouver is allegedly $3000/mn ( recent article ). At 36K per year for just rent, 30% would be around 120K per year, which is not a simple feat.
30% would be around 120K per year, which is not a simple feat.
Meaning that the envy stems from the difficulty, not the amount? I guess, but then it doesn’t present as a cohesive thought. He may as well have said “my parents envy that I can run a full marathon – and, also, I struggle to afford to have a place to live”. But the implication in the article is that they are supposed to be related.
An income that does not accommodate the 30% rule, even for a meagre home, is not a decent income. It is a low income. Plain and simple. A low income that may be hard to attain, sure, but low all the same. Perhaps you could make it a decent income if you transplanted it into a low cost of living area, but that is not what is taking place here.
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