140k household income with dual benefits and renting? :suspicious:
may be in the first few years

70k a person is still way above the national average of 38k. It all depends on where you live, how much food costs, etc, etc. I wouldn't want to live in Vancouver on a 70k salary, it doesn't leave you much for everything else.

I see it first hand, kids driving around in massive jacked up trucks. They aren't the brightest bulbs in the box, but because they can weld two pieces of metal together they earn 150k/year. Meanwhile you have some engineers, doctors etc in Vancouver who are lucky to make that much. You think that's fair? In any case, I'm glad for the oil sector, it keeps a lot of these kids off welfare and gives them a job. The salaries, IMO, are overly inflated but that's the way it is. For now.

Not everyone wants to piss their money away on a 550 sq. ft shoe box for $600k.

Nothing wrong with renting....more people should do it.

Net income for two is probably around 7200/month. Renting a townhouse in an inner suburb probably costs around 2000-2500/month. The couple will have around 4500 to feed themselves (500 per person), pay off exising debts (perhaps 1 may have an MBA or something), investments (10%), insuring and maintaining 2 cars (1000 per month), and for other miscellaneous expenses. If the couple has kids, kids will take up the remainder of the miscellaneous expenses.
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Good thread