4 ms·

My point about the 30% rule for rent is that you calculate that based on pre-tax income. I provided median post-tax income, so to get pre-tax you need to know h

My point about the 30% rule for rent is that you calculate that based on pre-tax income. I provided median post-tax income, so to get pre-tax you need to know how much people are paying in taxes. I really don't understand your point here since it truly seems more emotional than data-based. Why are you focused on mortgages / home ownership as opposed to being able to afford to live somewhere? What do vacancy rates have to do with affordability? Why don't you provide a single concrete example of a majority of Canadians being unable to afford rent or being "filtered out" as you originally claimed? All your points here are tangential and don't support the argument. "Canada is completely messed up" is a common refrain online these days, but I just don't see it either in the data or in talking to friends who live outside the Vancouver/Toronto popular areas.

llm_nerd 3y ago
"it truly seems more emotional than data-based" The median Canadian has a credit rating of 650. The median Canadian cannot remotely afford a home in any Canadian market. Apartments -- the absolute last resort -- have vacancies below 1% in most markets, 1.7% nationwide. Canada is seeing an immigrant intake of approximately 130,000 per month. If this isn't data to you, you are clearly not arguing in good faith and are either a contrarian, agenda-driven, or a troll. Or a mix of the three. The retort of "I talked to a friend in Canada" is so absurd that it confirms the prior.
- mdorazio 3y ago
  Alright we're done here since you don't care about actual financial facts. Denouncing people as trolls when they provide data that goes against your opinion is a bad look. Credit rating has nothing to with anything. I already provided you hard data showing that median Canadians absolutely can afford rent in most Canadian markets, but you're just ignoring it. Now you're restating vacancy rates as though that proves something. It doesn't. You clearly have an agenda here and a belief set around that so I'm not going to convince you of anything.
  - llm_nerd 3y ago
    You just repeated that credit ratings and vacancy rates don't matter regarding people's ability to find housing in an extremely tight market with demand dramatically exceeding supply. Your position on this is detached from any functional reality that yes, we are done here. Your opinion on this is uninformed.
  - limit_of_n 3y ago
    Hi, Please take note that the listed median income is for a financial family. It does not reflect the aprox 32 000$ income of single workers. It does mean that most people cannot afford to be alone.

llm_nerd 3y ago

"it truly seems more emotional than data-based" The median Canadian has a credit rating of 650. The median Canadian cannot remotely afford a home in any Canadian market. Apartments -- the absolute last resort -- have vacancies below 1% in most markets, 1.7% nationwide. Canada is seeing an immigrant intake of approximately 130,000 per month. If this isn't data to you, you are clearly not arguing in good faith and are either a contrarian, agenda-driven, or a troll. Or a mix of the three. The retort of "I talked to a friend in Canada" is so absurd that it confirms the prior.

mdorazio 3y ago
Alright we're done here since you don't care about actual financial facts. Denouncing people as trolls when they provide data that goes against your opinion is a bad look. Credit rating has nothing to with anything. I already provided you hard data showing that median Canadians absolutely can afford rent in most Canadian markets, but you're just ignoring it. Now you're restating vacancy rates as though that proves something. It doesn't. You clearly have an agenda here and a belief set around that so I'm not going to convince you of anything.
- llm_nerd 3y ago
  You just repeated that credit ratings and vacancy rates don't matter regarding people's ability to find housing in an extremely tight market with demand dramatically exceeding supply. Your position on this is detached from any functional reality that yes, we are done here. Your opinion on this is uninformed.
- limit_of_n 3y ago
  Hi, Please take note that the listed median income is for a financial family. It does not reflect the aprox 32 000$ income of single workers. It does mean that most people cannot afford to be alone.