Author Topic: Work from home culture  (Read 526 times)

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Offline BC_cheque

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Re: Work from home culture
« Reply #30 on: December 21, 2021, 02:17:21 pm »
I'd need a mortgage for the difference between my equity here and the price of whatever I buy in SA.   My income now would cover it, but my retirement income will not.  A few years ago, it would have.

I'm not trying to be antagonizing but this still doesn't make sense to me. If you are not increasing your square footage, I am pretty confident that a similar condo in SA is cheaper than a condo in Surrey. If your retirement income is enough for your Surrey condo, how is not enough for a cheaper one in SA?

Were you planning on upsizing and that dream is gone? Or are you now stuck working longer and need to be in the city? If so, that's still the bigger issue of housing being unaffordable everywhere.

You can't retire as early as you wanted, but by the same token, a first time buyer is now priced out of Surrey whereas they still have a chance in SA if they can WFH.