Rents in Megacities Can't Go Up Forever
This article crystalizes a point that was vague in my mind: &quot;megacities have a problem making it affordable to raise large or even medium-size families. How many of us could live in San Francisco, London or New York City and bring up three children in a decent neighborhood with good schools? Only the already well-to-do can manage such a feat.&quot;.<p>As a mid-30s person with a new baby, I don&#x27;t see how the numbers work for new entrants to the housing market - unless you were a gambler. Your gamble would be that (a) you don&#x27;t ever take a hit on your income, and (b) property prices continue to rise. We&#x27;ve been unable to take that gamble .. and homes have increase 40% in the blink of an eye.<p>In Canada, we have a lot of family in the GTA. We&#x27;re basically priced out of areas as far away as Mississauga and Milton (Milton went up 20% since Nov 2016). An option we are considering is to move to BC and just rent for a few years in Vancouver. At least we get a better city out of it. For any Canucks, are there any other decent places with tech jobs, and somewhat affordable housing?