 my son and me |
hello, worldMy name is Michael Werneburg. This website is home to the photos and opinions I produce. I am one of the luckiest people on Earth. I somehow managed to marry the woman of my dreams, a singer from a happy family in Kyushu. We're parents to a clever and lively boy named Kenneth, and we've got a second child on the way. We live in Toronto. I'm an hobbiest writer and photographer and I dabble in small wood projects as well. I'm current employed as a 'risk manager'. Welcome to my site, a six-thousand-page quagmire of words and photos, sucking in unwary travelers since September 1998. from my journal
toronto housing prices2012.05.14, Toronto I looked up some figures and have come to an unsurprising conclusion: Toronto's housing prices are unaffordable. Here, the median house price is $570k, and the median family income is $78k. Dividing the former by the latter, you get 7.3. Which seems pretty high. Of course, the average "stand-alone" house price (excluding duplexes, townhouses, and who knows what else) is $830k (see the first link above), for a multiple of 10.6. Which seems insane. Another way of looking at this: we're renting a 2+ bedroom apartment in a decent neighbourhood in Toronto for a price that I could sustain for well over 40 years before I'd hit that $830k price, and that doesn't include all of the repairs, taxes, fees, and renovation costs. So. Home ownership is out of the question in this city for our humble family. |
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We've just launched our business, by the way (see link in upper-right).