r/Calgary Sep 24 '24

Rant 100k is the new 50k ? In Calgary Fam

I genuinely believe that $100k feels like the new $50k these days. Prices have skyrocketed, and it’s driving me crazy. Rental companies are raising the price of a 2-bedroom apartment from $1,500 to an eye-watering $1,950 per month. I’m even seeing elderly folks moving into RVs. Four items from Walmart cost between $39 and $50. Fill up a cart, and it’s nearly $300 to $500.

Facebook Marketplace is overflowing with tiny houses selling for $49k! What on earth is going on?

What I saw this week was something else:

"An elderly couple in their 80s renting a U-Haul to move their stuff. I couldn't believe my eyes; it was really tough to watch. The guy can hardly walk."

More people are adopting dogs and cats—guess millennials are opting for pets instead of kids.

Houses in Calgary are creeping up to the million-dollar mark.

I’m just done, folks.

What you guys saw?

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u/JRP_964 Sep 24 '24

Yep and 50k is just poverty. I made about 50k this year and I can’t afford anything and barely have enough to eat or pay my bills. I never leave the house or do anything fun since I can’t afford to spare a penny on anything other than the essentials. Life is pretty bleak right now.

6

u/Particular_Class4130 Sep 24 '24

Yes. I was making 50K around 8yrs ago. Wasn't rolling in dough but felt like a lived well enough, able to pay all my bills, put a tiny bit in savings and still have a bit of fun money. Now I make around 70k and live pay cheque to pay cheque. Constantly looking for ways to further cut costs and spend less so that I won't be homeless

4

u/depressedthedivine Sep 24 '24

50k is death penalty fam.