3 ms·

That's bullshit. Surely if you have a home worth over 3 million you can sell it and never have to work a single day in your life. Even if you have 50 years of l

by seec 3y ago

That's bullshit. Surely if you have a home worth over 3 million you can sell it and never have to work a single day in your life. Even if you have 50 years of life left, that's 60k per year, and that's more than many working people get with the cost of being active. The reality is that the complainers are usually filthy rich boomers with an insanely luxurious lifestyle, and they want you to believe otherwise but it never checks out... I got a price complaint just the other day, from one of those with a fully paid home (with a single salary) that would take over 30 years to buy with a current median salary. The home cannot be bought by a person holding the exact same job at the same exact pay level when they were purchasing. The funniest thing is that they still get 190% of minimum wage salary and 126% of median wage salary. As far as I know they can buy another house much easier than a working household because they have full house equity as collateral. There is a lot of political silencing going on, but boomers are disgusting and basically stole generations future on top of burning the planet to get there. I just don't get why we still let them do so much posturing and pretending.

thsksbd 3y ago
Your average home in Canada is not 3 million. And your average "homeowner" is really a mortgage holder who is going to be in a world of pain as soon as his low interest rate mortgage is renewed. Anyway I don't get your aggression. My point was that Canadians are far worse than the article suggests: half the country should be considered poor (the renters) and the "wealthy" are one interest hike away from bankruptcy.
- seec 3y ago
  I don't know why or how it would get renewed but I guess some people have bad deals. Doesn't make the majority of good deals disappear though. I'm not aggressing you or anyone else here? I'm a bit unsettled by the situation that has been created overtime thought exploitation, corruption and negligence of the previous generation. If you feel attacked maybe you are compensating because you feel this message is destined for you? I honestly don't know and can't say because I know nothing about you and couldn't care less about you specifically (no offense). The point if someone concerned reads this he will understand and he will know, just like when you point at some bitten door and the dog knows... Also considering the rules in place for borrowing, it's more than doubtful that an interest hike would put anyone out of their house. Or they lied to the bank, or have an irresponsible unsustainable lifestyle compared to their means, stuff like that. We don't lend money to people who don't have revenues that can cover significantly more than typical life costs. Otherwise, there would be virtually no renters... Sure, maybe Canada is not doing good overall but that doesn't change the fact that some are pretty rich compared to rest of Canada and even more compared to the rest of the world. And this is exactly what the article say !

by seec 3y ago

thsksbd 3y ago

Your average home in Canada is not 3 million. And your average "homeowner" is really a mortgage holder who is going to be in a world of pain as soon as his low interest rate mortgage is renewed. Anyway I don't get your aggression. My point was that Canadians are far worse than the article suggests: half the country should be considered poor (the renters) and the "wealthy" are one interest hike away from bankruptcy.

seec 3y ago
I don't know why or how it would get renewed but I guess some people have bad deals. Doesn't make the majority of good deals disappear though. I'm not aggressing you or anyone else here? I'm a bit unsettled by the situation that has been created overtime thought exploitation, corruption and negligence of the previous generation. If you feel attacked maybe you are compensating because you feel this message is destined for you? I honestly don't know and can't say because I know nothing about you and couldn't care less about you specifically (no offense). The point if someone concerned reads this he will understand and he will know, just like when you point at some bitten door and the dog knows... Also considering the rules in place for borrowing, it's more than doubtful that an interest hike would put anyone out of their house. Or they lied to the bank, or have an irresponsible unsustainable lifestyle compared to their means, stuff like that. We don't lend money to people who don't have revenues that can cover significantly more than typical life costs. Otherwise, there would be virtually no renters... Sure, maybe Canada is not doing good overall but that doesn't change the fact that some are pretty rich compared to rest of Canada and even more compared to the rest of the world. And this is exactly what the article say !