To the Editor,
In regards to house prices, does anyone have the answer why all the prices have gone up?
Someone wrote about his grandfather building a house in 1912. Almost all the people could do that.
When I lived in Victoria in 1975 I made $23,000 a year and owned a house in Colwood that cost $22,000. Most people today make maybe $40,000; they can’t afford to buy a house for $800,ooo. How did we end up here?
I guess capitalism runs our system to no advantage to anybody.
Peter Rueschmann,
Port Alberni
