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A huge chunk of our economy is real-estate and finance[1], so that's not too surprising. Everyone thinks the path to getting rich is to buy houses / condos. The
by anaphor 7y ago
A huge chunk of our economy is real-estate and finance[1], so that's not too surprising. Everyone thinks the path to getting rich is to buy houses / condos. They're in for a nasty surprise I think. It's never a good idea to go crazy leveraging debt. When you combine that with all of the insane student loan debt people go into (I know someone on their 4th university degree!), then it's a recipe for disaster.
https://www.investorsfriend.com/canadian-GDP-canadian-imports-and-exports/ https://www.investorsfriend.com/canadian-GDP-canadian-import...
- zht 7y ago4 university degrees is probably cheaper than 1 private school degree from the US
- ashlebede 7y agoWell, you have to pay your other life expenses during that period. If you don't work and spend 30k on rent, food, utilities, etc., then you get 30k deeper into debt every year. Even if there's no tuition.
- eqdw 7y agoI don't know how you made that happen but my cost of living expenses while in college never exceeded $10kCAD a year
- conservajerk 7y ago4 university degrees is likely cheaper than one year at a higher end private school in the US!
- refurb 7y agoWhy would you compare a public Canadian university to a private US college? Why not compare public to public?
- moate 7y agoStatement still stands, public to public in many areas the US is going to cost much more (up to 3X). It just gets REALLY gross when you bring in the private schools. https://www.insider.com/college-canada-us-differences-2018-11#college-is-much-pricier-in-the-us-than-in-canada-2 https://www.insider.com/college-canada-us-differences-2018-1...