[luckyluke88]

Couple crazy points about Langley as I have lived here since the 80s

- my parents bought one of those homes back in 1980 for just under 25k!!

- in the 80s the busiest intersection (200 st and bypass) where the chapters, milestones, etc is now, was a giant field full of cows haha :)

[walrus01]

So theoretically if your parents are at retirement age and want to live somewhere warm, very rough calculation, if they sold that 25k house for 1.5 million today and put it into a mixed form of investments that return an average of 6% annually, that's $90k a year to live on.

Not counting at all whatever other money they have saved up and RRSPs.

[luckyluke88]

Yeah they downsized a number of years ago but your comment is inline with their overall situation. :)

I got fairly lucky and got my start with a townhouse around 2000 just as everything really started to run up. A friend of mine bought his house on a third acre for 210k about four years before me

Pretty tough situation for young adults today with such high prices.