And this is with inglation corrected so our father payed 8 time less to syart a family than we have to do
How the fuck this happened?
Canada houses are 8x times more expensive than 50 years ago
Bentley Butler
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Kayden Long
Masive inmigration of chink millionaires that has inglated the prices beyond believe
Aaron Flores
crash it with no survivors
Joseph Ross
What the average canadian think about this? What about your fathers?
Eli Thomas
Bump
Daniel Williams
Great question. There is a great generational divide on this issue.
Boomers absolutely need property prices to stay high and keep rising because so many of them have taken equity out of their houses. My in-laws maxed out how much they could take out of their house plus spent all their savings on doubling the size of their house and updating everything, just as their last daughter was moving out of the house. Now they have double the square footage and half the people living in the house. It's pure insanity.
They think it is a smart idea because they are investing the money back into the property. I think that's crazy thinking, but some people use those helocs to spend on vacations or food or whatever so at least they can capture some of the value when they sell.
(cont)
Ian Ward
It's like this all over the Western world due to increasing taxes, administration costs and immigrants.
Andrew Mitchell
This should be obvious, but Millennials absolutely need property values to fall in order to ever enter the property market. In order for a house to technically be affordable, a millennial family needs to earn something like 180,000$/year for the average home. And that's based on our historically low interest rates and long mortgage amortizations.
Despite property being so unaffordable, a few millennials I know have actually recently entered this bonkers property market. The biggest suckers enter the property market right at its peak, and I think that's what I am seeing with these millennials I know.
One thing to know about Canadian mortgages that is different from american mortgages, is that ALL canadian mortgages are "adjustable rate" - the longest term on an interest rate a canadian can possible get is 5 years (in america you can get a mortgage with an interest rate that is fixed for the entire life of the mortgage, 30 or 35 years or whatever.)
Brody Flores
Nova Scotia got good houses with 250k maple bucks the average price. Some houses are like 100k.
Grayson Wright
Come home white man, the maritimes awaits you.
Luke Stewart
Duh. You added over 10 million people, right?
I remember in the 90's when there were less 25 million leafs. Now there's over 35 million.
Demand> & Prices>
Brandon Reed
The housing market is slowing down big time in the big cities. One house I know next to my in-laws, was on the market in April for 3.2million dollars. It had no offers and was relisted a few weeks ago for 2.95 million - that's a loss of a quarter million dollars in just a few months. A guy I watch on youtube has other Vancouver people calling in all the time with similar stories of houses not moving even when discounted by a quarter million. And still no offers.
When interest rates go up, housing prices going down is a certainty. Banking institutions have an accounting value they call the "Housing Price Deflator" or HPD. It's impossible to find information about this through google, but I have an inside banking source that has provided me with this chart of HPD and their associated housing prices you can expect with how high interest rates go.
Xavier Walker
Banks
Chinese
Politicians
Jonathan Young
jewish debt
Cameron Carter
helocs are the shit, if you can earn a greater return than your mortgage rate, which isnt hard since rates are in the shitter
>inb4 muh overleveraged faggots
yeah enjoy your 1.2% return cuck while i sip on jw over here with my 12% return
nigger
Andrew Martin
I would be over there so fast if I was single and/or had family anywhere close to there. I'm really desperate to get out of the big city, hopefully shit hits the fan here soon and we have to leave to escape the zombie hordes or something LOL
Alexander Stewart
They have steal our future and the the left that suposedly was to fight against this is more worried with social isues that establishment feed them with
We are fucked without future
Whitout countries
Without family
Nothing nothing at all
Juan Morris
before the shitskin invasion, ALL houses in US were pennies on the dollar.
in 1998, you could buy a home in San Fran, NYC, LA for $160k and in Boston for $100k.
Michael Clark
>A guy I watch on youtube
Who's that?
Chase Watson
meh, if you can play financial arbitrage successfully then more power to you. But that's not what normie canadians are doing with their helocs. I even know a millennial family that took out an unsecured line of credit just to pay their fucking rent. This was after they maxed out all their credit cards already so badly they couldn't even buy a fucking cup of coffee.
Canadians are absolute idiots when it comes to debt, making them the most indebted people in the world by some measures.
Matthew Bailey
Mike Martins, he's a Portuguese race-mixing entreprenuer who used to live in Vancouver but now lives in Merrit. He covers housing market trends in all English-speaking countries. He's getting more and more censored on youtube for talking about the housing market.
Owen Walker
>housing bubbles
>open borders
>h1bs/shitskin invasion
>offshoring White industries
>political correctness
>White genocide
>Bank bailouts
>Corporate subsidies
>Welfare
>Social housing
>Interventionism
>Stock buybacks
>Fiat currency
>Central banking
>Too big to fail
>World Bank
>International Monetary Fund
arent "capitalism". If capital can be created at will its not capital. All those things listed affect the purchasing power of ALL the currency in circulation - it affects the collective.
this is communism - global communism
Adam Rogers
No one knows when or exactly how it will unfold, but leaf bros are in for big trouble. Owning a house there is Russian roulette.
Just watch any home improvement show from Toronto and the housing prices scream bubble. IBF currency differences, the prices discounted by 50% scream bubble.
Isaac Morris
Thanks
Jayden Collins
>meh, if you can play financial arbitrage successfully then more power to you. But that's not what normie canadians are doing with their helocs
yeah but you forget i dont give a flying fuck about the average canadian
vote for socialist parties: liberals
get socialist outcomes: bankruptcy
fuck them
Caleb Garcia
how much has the average hockey player salary increased in 50 years? or maple syrup prices?
fuck canada, freeze to death you fucking morons
Camden Perry
F
Owen Kelly
Make it 88 times.