Debt vs Savings

[CompletelyNumb]

True. Plus Inheritance is the easiest path to home ownership.

[JRSC00LUDE]

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True. Plus Inheritance is the easiest path to home ownership.

Cue inheritance tax.

[ThePenIsMightier]

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Cue inheritance tax.

That's not how you spell queue.

[ExtraSlow]

Excess profits tax.

[ercchry]

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Excess profits tax.

Pass on industry windfall taxes to employees of said industries?

[ExtraSlow]

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Pass on industry windfall taxes to employees of said industries?

Don't be crazy, that money needs to go to carefully selected cronies underrepresented demographics

[Misterman]

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People think housing will "crash" in Canada? In any market?

A 20% drop after YoY 20+% gains for a decade is barely a pullback.

Gen Z needs an 50% correction to buy a house at this point in most markets.

At the end of the day, interest rates are still the largest determining factor in pricing. With the hikes since just March, that would push my personal mortgage up 500$/month. To swing that to a new buyer perspective, my house would have to drop 100k in value for someone now to come in and buy it for the same monthly payment I have.

I don't doubt there is a niche group of Ontarions who have made a bunch of equity from owning a home there for 10 years now, and are willing to sell and move to dump ass Alberta. Or non home owners that just want an affordable home and willing to leave their entire life behind to go find it. But to think that this niche group is going to offset the entire RE market in Calgary/Alberta is some wishful thinking to say the least. And when you really think about it, the inevitable crashing real estate market in GTA and Van, is just going to put less pressure on people to leave for cheaper pastures in the first place.

In the grand macro perspective, it's easy to say that a 20% pull back is NBD in the big picture. But it is most certainly a big deal to anyone that is under water on their mortgage now. And the thing is, we've already seen a near 20% pull back in more expensive homes(locally), and things are just getting started. 70% of mortgages are fixed, and like 80% of those are coming up for renewal in the next year or two. If you have houses flooding the market because owners can't afford to stay in them, and interest rates eroding buyers purchasing power, prices are going to go down.

[ercchry]

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Don't be crazy, that money needs to go to carefully selected cronies underrepresented demographics

Sir, I think I may not have been clear in my message… I mean ALSO windfall tax the employees

[Tik-Tok]

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GenZ needs the all the Boomers dead for the intergenerational wealth transfer before they can buy real estate.

Isn't GenX, GenZ's parents? So they'll have to hope their parents don't spend all the money GenX inherited by Boomers.

[JRSC00LUDE]

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That's not how you spell queue.

A hairlip and voice-to-text were never meant to be joined together. It's not natural, an affront to God.

[ThePenIsMightier]

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A hairlip and voice-to-text were never meant to be joined together. It's not natural, an affront to God.

Now I have to look up what the PC term is for hairlip and try and recall if it's something to do with cleft palate, or not.
When do I finally get to sleep!!?

[Xtrema]

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Isn't GenX, GenZ's parents? So they'll have to hope their parents don't spend all the money GenX inherited by Boomers.

Lol, like there's anything left once they move to assisted living and live til 100. Then GenX will live to 120. This will bankrupt millennials, GenZ get nothing.

[ExtraSlow]

Need less longevity.

[riander5]

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Isn't GenX, GenZ's parents? So they'll have to hope their parents don't spend all the money GenX inherited by Boomers.

Fucking boomers are living so long the GenX'ers are really gonna have to have a coming out party in their 60's and 70's to blow all the cash

- - - Updated - - -

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Lol, like there's anything left once they move to assisted living and live til 100. Then GenX will live to 120. This will bankrupt millennials, GenZ get nothing.

Everyone needs to show their old ass parents hoarding money this book -

https://www.diewithzerobook.com/welcome

My grandpa did it right... double pensions from RCMP and his wife lived till 85, passed away and still owed 2/3 of his mortgage on a condo he'd owned for 30 years - He was livin!

[phreezee]

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Everyone needs to show their old ass parents hoarding money this book -

https://www.diewithzerobook.com/welcome

Awesome, I'm already pretty close to zero: doin' it right

[riander5]

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Awesome, I'm already pretty close to zero: doin' it right

You and me both brotha!

[ExtraSlow]

Full Bucket, Empty wallet.

[Xtrema]

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Need less longevity.

Our system is designed for everyone to pop out 3 kids and don't live past 75.

Instead all the zoomers are already telling dads they won't be grandpas and living to 100.

500K immigrants per year won't fix this.

[suntan]

Improved nutrition and having money compels people to live longer.

[riander5]

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Improved nutrition and having money compels people to live longer.

Fuckers amirite