Monday, July 16, 2007
Costs of living shooting up
House prices are just crazily shooting up toomuch lately. Was looking at some new townhouses ranging 2500 square ft around the neighbourhood and it's selling for 670k!!! It does look pretty nice though since the new construction area wanted to mimic something that of a European style so there are small shops along the street, and a nice terrace on top of all townhouses. It's amazing how much the costs of houses has rocketed lately, the average salary of someone making a midclass salary really can't keep up with the appreciation of the costs. Maybe it's due to too much immigrants and people who are investing and making $$$ off the turnaround of selling houses. I wonder what kind of security that the government will do to protect its' citizens with the costs of living raising much more sharply than average salaries.