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There's degrees of good. You can buy a respectable upright piano like the one I learned on for a few thousand dollars.

A few years ago I was looking at a Schimmel grand for $30,000 (CAD). That's a big purchase, but I could afford it, especially for something I'd use daily for the rest of my life.

A modest house in Toronto is now over $1 million, and appreciates annually as much as my entire annual net income. I will never afford that.




Though it's probably not a good time to buy a house in Toronto, it's easier to employ much more leverage on a house compared to a piano.


That's a big part of the problem.


Maybe cars are a better comparison, since the price is in the same ballpark?

I bet you could get a personal loan for a piano about as easily as you could get one for a car (from your bank, of course, not a car dealership).




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