Sorry, forgot this was an international community. $100k CAD. So $75k USD. We’ve the same 100k bank-insurance limit here, but its $100k CAD.

Either way, I know plenty of people who make near $200k of household income and are still fucked because they didn’t get into the housing market in time before the door slammed shut (average home in Greater Toronto is now well north of a $million, even with our stupid-expensive interest rates). Like, teachers and realtors make $90k CAD after a few years of experience these days, but that doesn’t accomplish much when rent keeps jumping and nobody can afford to buy. Basically the only reason everybody isn’t eating cat-food is they’re either in a pre-rent-deregulation unit or they bought before it all hit the fan.

Also, side-note: the traditional concept of “middle class” is not the modern expansive definition of “basically everybody who doesn’t own either a private jet or live in a cardboard box”. That is, somebody who pays rent and has a job that doesn’t require grad-school used to be considered “working class”. It’s just that for some dumb reason we all collectively decided that “working class” was something to be embarrassed about.