Make 400,000/year.

Save $50,000 over 20 years.

Qualify for a 400sq ft shoebox condo in the crappy part of town.

Sorry kids. Your pain of never attaining home ownership is less important than allowing natural real estate price corrections and protecting your overleveraged, credit spending parents.

Oh.. and you get the pay the future cost on all the government debt incurred to buy the older generation’s votes.

PS: This isn’t a political message. Conservatives, Liberals, NDP… none of them really have youth’s interest at heart. Their job is to get re-elected. Until we as a society demand they spend within the country’s means, just like we have to at home, the future generations will pay the price for the older generation’s irresponsible fiscal choices.