There's no immigants in BC.
There's no immigants in BC.
Double penetration?This quote is hidden because you are ignoring this member. Show Quote
Z32 TT
1996 Integra - winter beater with studs - RIP (deer)
2002 WRX - to be sold
2010 sti - winter
no its former... but kinda both.This quote is hidden because you are ignoring this member. Show Quote
Driving the valuation of housing (inflation) through demand (immigration), will reduce the significance of the debt accured as the wealth holders pass on.
- - - Updated - - -
if you look at the relgious background of most of the recent migrants... yep
In an inflationary environment, if you owe $200K, and you make $50K, the significance of the debt is still significant for that person. If anything it's even more significant since your living expenses have risen. And even more so if the loan is variable rate.This quote is hidden because you are ignoring this member. Show Quote
You're using macroeconomic concepts on a personal level. Stop it.
Guys, the solution is ALWAYS the same no matter what.
The answer is q.
And what is q?
q =6-6 AccordMake more money.
Or less golfThis quote is hidden because you are ignoring this member. Show Quote
Less Michelin restaurants
Less travel
Less m cars
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
If you didn’t make a fortune off that $200k by reselling PS5’s, toilet paper, or camper vans since 2020, that’s on you. The wealth gap widens, as usualThis quote is hidden because you are ignoring this member. Show Quote
Non-Canadian immigrants are generally conservative.This quote is hidden because you are ignoring this member. Show Quote
Housing refugee we get in Calgary from other parts of Canada are generally Liberal.
I am not surprised if next Fed election that CPC loses a couple of seats in AB due to that demographic change. Much like last time that gave us Trudeau and Kent Hehr in 2016.
And immigration won't stop...
https://www.centuryinitiative.ca/why-100m
And if we are not pumping out 3 kids per couple, 1m immigrant/year is basically on par to reach this goal. And so far they have been doing it for 2022 and 23, ever since this lobbyist group registered.The Century Initiative was co-founded by Mark Wiseman and Dominic Barton, who also led the Trudeau Jr. government’s Advisory Council on Economic Growth.[4][5] The Initiative is supported by former Conservative Prime Minister Brian Mulroney[6] and by influential Liberal Party advisors including advisors to former Minister of Finance Bill Morneau.[7][8] The Century Initiative has been listed on Canada's lobbyist registry since 2021 and has organized meetings with the immigration minister's office, the minister's parliamentary secretary, and Conservative and NDP members of parliament.[9]
And for the conspiracy theory...
The Century Initiative Board of Directors is chaired by co-founder Mark Wiseman, who was the Global Head of Active Equities of BlackRock and ran Blackrock's Alternative Investment division at the time that the Initiative was founded.[27][28] BlackRock owns $35 billion in real estate and it could possibly benefit from a real-estate bubble.[29]
BlackRock's Alternative Investment division includes the firm's international real estate investment portfolio[30] and is reported to be actively purchasing single family homes.[31] The Century Initiative's other co-founder, Dominic Barton, is married to Geraldine Buckingham, BlackRock's Asia Pacific chief, which has previously generated conflict-of-interest concerns.[32]
Follow the money. There is no interest in solving this housing crisis.
https://en.wikipedia.org/wiki/Century_Initiative
Calgary-Edmonton region is expected to have 16M people by 2100.
Last edited by Xtrema; 09-26-2023 at 11:56 AM.
So stay in your current house until you die, then have your kids stay in it until they die, and so on.
Sounds like the only way for future generations to create wealth because working 9-5 is sure not gonna do it.
Ultracrepidarian
If the house you live in goes up in value and you never move out or sell, that's not "wealth" in any meaningful sense.
Last edited by ExtraSlow; 09-26-2023 at 12:22 PM.
This quote is hidden because you are ignoring this member. Show Quote
The $50m I helped facilitate last year in (mostly) Ontario refinances says otherwiseThis quote is hidden because you are ignoring this member. Show Quote
buy the spyThis quote is hidden because you are ignoring this member. Show Quote
dca
compound interest is the only way
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I'm not a sophisticated finance expert, but refinancing your primary residence doesn't seem like a sign of wealth either.This quote is hidden because you are ignoring this member. Show Quote
Probably too smooth brained to get it.
This quote is hidden because you are ignoring this member. Show Quote
What’s to get? Live the high life, die with nothing.This quote is hidden because you are ignoring this member. Show Quote
This is the wayThis quote is hidden because you are ignoring this member. Show Quote
Heloc that shit
If your kids are capable they will be fine
If they aren’t capable lol well that sucks
Leave them with something but don’t leave them with everything heh
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I really must be smooth brained. I thought we were talking about becoming wealthy. So baffled.
This quote is hidden because you are ignoring this member. Show Quote
I thought the game is getting wealthy by helping others getting into huge debts due to fomo. IE Mortgage brokers and Realtors.This quote is hidden because you are ignoring this member. Show Quote
Everyone knows wealthy people only have stacks of cash and big balances in their chequing accounts... Would never have money tied up in assets or equity in businesses or real estate.
What's to get indeed.
thread derailed dilarang!This quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Well… I guess you could like. Use the proceeds to purchase assets that increase in value with inflation. But spenders are the real heroes. Keep the wheel turning!This quote is hidden because you are ignoring this member. Show Quote
Primary residences being worth more is very important if one wants to start building wealth via business, as most business loans will require a personal guarantee and your net worth will be a large part of that (including securing that loan on your property).