Canada Housing/Debt: Trust me, I'm a landlord.

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

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tsa: Feb 3, 2014

# ? Apr 13, 2015 15:28

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# ? May 15, 2024 16:29

I would blow Dane Cook: Dec 26, 2008

https://www.youtube.com/watch?v=V5jaVwhNros

Good video on the Australian housing bubble.

# ? Apr 14, 2015 12:11

namaste friends: Sep 18, 2004; by Smythe

quote:

Vancouver, Toronto pull Canadian home prices higher in March http://fw.to/eNflptL

https://twitter.com/tamsinrm/status/587991125455151104

# ? Apr 14, 2015 16:07

Dreylad: Jun 19, 2001

Forget any doubts I had before, the Toronto housing crash is going to be ridiculous. The outer GTA is fuuuuuucked

# ? Apr 14, 2015 17:35

namaste friends: Sep 18, 2004; by Smythe

quote:

Ford to announces $2.5B investment in Mexico on Friday

https://twitter.com/BenRabidoux/status/588022661432942592

This rate cut is totally working you guys

# ? Apr 14, 2015 18:10

Lexicon: Jul 29, 2003; I had a beer with Stephen Harper once and now I like him.

Do people actually think Canada has a meaningful future in manufacturing? It's absolutely fanciful - it doesn't matter what USDCAD is.

# ? Apr 14, 2015 18:13

namaste friends: Sep 18, 2004; by Smythe

Quebec is bailing out bombardier. Ontario is still subsidizing the auto industry.

Someone obviously does.

# ? Apr 14, 2015 18:17

namaste friends: Sep 18, 2004; by Smythe

quote:

@LJKawa "The wages of auto workers in Mex avg. $3.95/hr in comparison to $33.23 in the US and $40.38 in Canada." https://aprc.mcmaster.ca/events/mexican-auto-industry-prospects-and-tendencies

https://twitter.com/elishields/status/588027847652020224

# ? Apr 14, 2015 18:19

Freezer: Apr 20, 2001; The Earth is the cradle of the mind, but one cannot stay in the cradle forever.

Yeah, you should try working slaveish hours for poo poo wages, like we do in Mexico so that we can build your gas guzzlers. Capitalism, yay.

# ? Apr 14, 2015 18:23

ChairMaster: Aug 22, 2009; by R. Guyovich

Haha what the gently caress, you can pay someone in Mexico literally less than 10% what you pay someone in Canada to do the same job, and supposedly our superior infrastructure and security are going to attract manufacturing jobs? That's loving insane.

# ? Apr 14, 2015 18:24

namaste friends: Sep 18, 2004; by Smythe

Wait till you see what they pay Chinese people.

# ? Apr 14, 2015 18:32

Baronjutter: Dec 31, 2007; "Tiny Trains"

"vibrant victoria", a local pro-development and general right of centre to batshit libertarian forum that I've mentioned here a few times now is going on about agenda-21 poo poo. The CRD wants to limit access to some watershed that's part of a reservoir and the site owner is going on about how it's all part of UN's Agenda 21 which has taken over all higher education and brainwashed everyone down to the local government level, he knows because when he was in university all his professors tried on him.

Wasn't agenda 21 just some useles feel-good statement from the UN that "hey, maybe we should try to build more sustainable cities what with the world, specially the developing world rapidly urbanizing" and some very general suggestions like better land-use and poo poo like "hey maybe don't make it mandatory to have grass lawns in a desert climate?". How has it warped into this vast conspiracy theory to take over the world and strip people of their property rights and implement full islamic eco-communism?

# ? Apr 14, 2015 18:40

namaste friends: Sep 18, 2004; by Smythe

quote:

BY BILL MAH, EDMONTON JOURNAL APRIL 11, 2015

EDMONTON - Better than expected labour-market and housing-start statistics released Friday show the Edmonton region has yet to feel the full brunt of collapsed oil prices, says the City of Edmonton’s chief economist.

“Edmonton is not as closely linked to the energy sector as the rest of the province is,” John Rose said.

“Our financial services sector is much less dependent on activity in the energy sector than Calgary’s. Our professional services sector is much more international and diversified and we also have very significant health care, education and public services sectors here so we’ve got a little more insulation from problems in the energy sector than the rest of the province.”

Another factor keeping Edmonton’s economy afloat is momentum from a boom, where population, income and employment soared.

“One needs only to walk around the downtown core and do a crane count.”

The unemployment rate for the Edmonton census metropolitan area rose to 5.3 per cent in March, up from 4.8 per cent in February and 4.7 per cent from March 2015, Statistics Canada says.

It still compares favourably to the national unemployment rate, which held steady at 6.8 per cent.

Rose said the Edmonton region actually gained 1,500 net new jobs in March compared to February. The jobless rate rose because the labour force, those either working or looking for work, grew by 5,700 in March.

“If there’s a reason for the unemployment rate to go up, that’s a good reason,” Rose said.

“Our working-age population is growing at just under three per cent, which is three times the national average. That means people are continuing to move into the region.”

For Alberta, the unemployment rate increased to 5.5 per cent in March from 5.3 per cent in February. The number of jobs also edged higher by 1,500, but the labour force grew by a greater amount.

ATB Financial chief economist Todd Hirsch took a less optimistic view of the indicator.

While a much-hyped collapse of jobs hasn’t yet materialized, the labour market has weakened because full-time jobs fell by 18,400 positions while part-time jobs increased by 19,900, he said.

“Set against the grim media headlines about the state of Alberta’s economy, this morning’s jobs report is a bit of a positive surprise,” Hirsch said.

“Still, the changing composition of the labour market is clearly signalling that the economy has indeed softened.”

While sales of existing homes have been slower this year, Rose sees data on housing starts released Friday by the Canada Mortgage and Housing Corp. as more evidence the region appears to be weathering the energy-sector slowdown.

“We’ve got a lot of suppressed demand on the housing side that’s continuing to support our construction sector,” Rose said.

Housing starts in March for the Edmonton census metropolitan area totalled 1,727 units, up from 752 in March 2014. Multi-family starts accounted for most of the increase, driven by higher apartment starts.

“The trend in housing starts continued to move higher in March, supported by an increase in the pace of production of the multi-family sector,” said Christina Butchart, CMHC’s principal for market analysis in Edmonton.

“The pace of single-detached starts has been relatively stable for the past three months.”

# ? Apr 14, 2015 18:55

namaste friends: Sep 18, 2004; by Smythe

The concept of libertarians in Victoria is hilarious to me. That's like homosexual Tories.

# ? Apr 14, 2015 18:56

Lexicon: Jul 29, 2003; I had a beer with Stephen Harper once and now I like him.

Cultural Imperial posted:

The concept of libertarians in Victoria is hilarious to me. That's like homosexual Tories.

so true.

There's virtually nowhere else in the country less centred on free enterprise and entrepreneurialism.

# ? Apr 14, 2015 18:58

tagesschau: Sep 1, 2006; Guten Abend, meine Damen und Herren.

ChairMaster posted:

Haha what the gently caress, you can pay someone in Mexico literally less than 10% what you pay someone in Canada to do the same job, and supposedly our superior infrastructure and security are going to attract manufacturing jobs? That's loving insane.

I hear a giant sucking sound.

# ? Apr 14, 2015 19:00

LemonDrizzle: Mar 28, 2012; neoliberal shithead

Germany manages to have relatively high wages and lots of manufacturing, so it's hardly an impossible combination.

# ? Apr 14, 2015 19:05

TerminalSaint: Apr 21, 2007; Where must we go...

we who wander this Wasteland in search of our better selves?

Baronjutter posted:

"vibrant victoria", a local pro-development and general right of centre to batshit libertarian forum that I've mentioned here a few times now is going on about agenda-21 poo poo. The CRD wants to limit access to some watershed that's part of a reservoir and the site owner is going on about how it's all part of UN's Agenda 21 which has taken over all higher education and brainwashed everyone down to the local government level, he knows because when he was in university all his professors tried on him.

Wasn't agenda 21 just some useles feel-good statement from the UN that "hey, maybe we should try to build more sustainable cities what with the world, specially the developing world rapidly urbanizing" and some very general suggestions like better land-use and poo poo like "hey maybe don't make it mandatory to have grass lawns in a desert climate?". How has it warped into this vast conspiracy theory to take over the world and strip people of their property rights and implement full islamic eco-communism?

Sustainability = reduce population = UN death camps.

# ? Apr 14, 2015 19:07

ChairMaster: Aug 22, 2009; by R. Guyovich

LemonDrizzle posted:

Germany manages to have relatively high wages and lots of manufacturing, so it's hardly an impossible combination.

Some socialist commie-rear end european nation where workers have rights and unions still matter and influence and collaborate towards successful business with management hardly is ever gonna compare to the glorious capitalist race to the bottom of North America.

# ? Apr 14, 2015 19:16

Lexicon: Jul 29, 2003; I had a beer with Stephen Harper once and now I like him.

LemonDrizzle posted:

Germany manages to have relatively high wages and lots of manufacturing, so it's hardly an impossible combination.

Yeah, but they have built up centres of excellence in manufacturing over decades and produce things not easily made elsewhere.

We have a highly paid workforce that turns out pretty much nothing but crap cars that virtually no one wants, all the while private vehicles as a concept has already had its cultural and economic peak sometime in the mid-2000s.

# ? Apr 14, 2015 19:16

Rime: Nov 2, 2011; by Games Forum

Economic Stagnation is Here to Stay

quote:

In the past decade, Canada experienced its lowest run of economic growth since the 1930s. Gross domestic product grew at an average of only 1.9 per cent a year.

In interviews, many economists said they expect the gloomy trend, despite a jump to 2.4 per cent last year, to continue. They see the low-growth run � no matter who is in power in Ottawa � extending for another five or 10 years. If they are right we could be in the midst of the longest stretch of economic lethargy this country has ever endured.

Unless some unforeseen remedy appears, jobs will be harder to find, living standards will languish, Canada will lose global standing.

But with a federal budget set to be delivered next week, no one seems too jacked up about it. The bleak economic predicament hasn�t received much attention. Seems we�re living under an illusion that we�re doing reasonably well, the reason being that until the recent oil price plunge the Conservatives pushed out a lot of feel-good messaging about Canada faring better in the wake of the global financial crisis than other major economies. But doing better than some rivals doesn�t necessarily mean you�re doing well yourself.

Over and above the energy price fall, experts cite a range of causes for the inertia. A major one is productivity. �On that, we�re doing terribly relative to our own historic rate,� said economist Don Drummond, �and we�re doing terrible relative to the rate of almost every developed country.�

Our business class, he added, is neither aggressive nor entrepreneurial, consumer demand is inhibited by high household debt and we have an aging labour force that is only going to grow at about 1 per cent a year. The small increase will come from immigrants, who make lower wages.

�I don�t look for growth to be above 2 per cent on an average basis, I�d say, for the next 10 years,� Mr. Drummond said.

Paul Boothe of Western University�s Ivey Business School warns that if you have another decade of slow growth at such a low rate �a whole bunch of economies, including emerging economies, will catch up and pass us by.�

Making our slow-growth trap more depressing is that there is no obvious way out. You can criticize the government, said Mr. Drummond, �but I�m not sure there is any silver bullet to change the status quo.� There�s this obtuse notion, said Mr. Boothe, that the federal government is the major economic actor. �In the grand scheme of things, it is only a small player.�

Criticism has centred around the Conservatives having no big economic vision or plan beyond exploiting the resource economy, a blueprint that failed to take into account the cyclical nature of resource prices.

Some lament the lack of an industrial strategy. But as Mr. Drummond noted, industrial strategies, which run counter to conservative economic philosophy to begin with, have been tried in the past, particularly by Liberal governments, and they haven�t worked out well.

For those who think the fix lies with great heaps of public investment, the Conservatives have made such a possibility less likely. Via their tax-cutting initiatives they have substantially shrunk the federal revenue base.

McGill University�s Christopher Ragan, who has written extensively on the slow growth quandary, says the problem is that �fiscal policy makers basically want to ignore it. They don�t want to admit it.� They�re fixated on balancing the budget but �whether the budget is a billion in surplus or four billion in deficit is frankly immaterial. It�s a political argument.�

He too sees little hope for getting to a respectable annual GDP growth rate of more than 3 per cent in the coming years.

The pick-up of the U.S. economy will help, the low dollar will come to the aid of the long-ailing manufacturing sector, and new trade agreements offer some promise.

But there�s not enough to offset the negative forces that are putting this country, by comparison to its expansion rates of the past, in an era of stagnation � a slow-growth trap that is not being addressed.

# ? Apr 14, 2015 19:41

sbaldrick: Jul 19, 2006; Driven by Hate

Baronjutter posted:

"vibrant victoria", a local pro-development and general right of centre to batshit libertarian forum that I've mentioned here a few times now is going on about agenda-21 poo poo. The CRD wants to limit access to some watershed that's part of a reservoir and the site owner is going on about how it's all part of UN's Agenda 21 which has taken over all higher education and brainwashed everyone down to the local government level, he knows because when he was in university all his professors tried on him.

Wasn't agenda 21 just some useles feel-good statement from the UN that "hey, maybe we should try to build more sustainable cities what with the world, specially the developing world rapidly urbanizing" and some very general suggestions like better land-use and poo poo like "hey maybe don't make it mandatory to have grass lawns in a desert climate?". How has it warped into this vast conspiracy theory to take over the world and strip people of their property rights and implement full islamic eco-communism?

It basically boils down to Americans are dumb and can't read.

# ? Apr 14, 2015 19:47

Furnaceface: Oct 21, 2004

Rime posted:

Economic Stagnation is Here to Stay

The millennial generation is so very very hosed, arent they?

# ? Apr 14, 2015 19:59

Rime: Nov 2, 2011; by Games Forum

Furnaceface posted:

The millennial generation is so very very hosed, arent they?

The only people my age who don't believe so are trust fund babies in their late twenties who have yet to experience real life.

Burn out young, there's no point in getting old. Furthermore waiting till you're old to do a lot of things is going to make them impossible, so do them now.

Rime fucked around with this message at 20:08 on Apr 14, 2015

# ? Apr 14, 2015 20:03

Baronjutter: Dec 31, 2007; "Tiny Trains"

Things can change, as sickeningly cynical and negative as I get I always hold out some hope for the future. At least enough not to live like the grasshopper and eat all my food before winter. If anything it makes me want to save and plan for the future better as I know I'll need it. I don't think a shotgun or drowing in a lovely sailboat is a good retirement plan

# ? Apr 14, 2015 20:10

EvilJoven: Mar 18, 2005; NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?; Fun Shoe

Rime posted:

The only people my age who don't believe so are trust fund babies in their late twenties who have yet to experience real life.

Burn out young, there's no point in getting old. Furthermore waiting till you're old to do a lot of things is going to make them impossible, so do them now.

And people say I'm a pessimist when I say my retirement plan is either social revolution or suicide.

# ? Apr 14, 2015 20:10

Rime: Nov 2, 2011; by Games Forum

The line between pessimism and realism on this topic depends on how deeply the person making that judgement has their head buried in the sand, deliberately ignoring a lot of things because they are "uncomfortable" topics to think about.

There is no magic bullet to stave off Malthus's ghost this time, we're well and truly hosed six ways to sunday and I don't want to be a vulnerable senior in the conditions that will exist fifty years from now.

# ? Apr 14, 2015 20:18

namaste friends: Sep 18, 2004; by Smythe

This why I keep telling you people to leave this loving country. Fine, you can't get a visa to move to Europe. What about Asia?

Or maybe I just lack vision and suicide is truly the noble solution.

# ? Apr 14, 2015 20:23

ChairMaster: Aug 22, 2009; by R. Guyovich

Where in Asia would you go? China's so polluted that their whole atmosphere is gonna catch fire any day now, Japan is gonna fall apart when 90% of their workforce retires in a 5 year time span, India's a bad place to go if you don't wanna get raped, Indonesia probably sucks I mean come on it's Indonesia, etc.

# ? Apr 14, 2015 20:27

EvilJoven: Mar 18, 2005; NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?; Fun Shoe

My wife has French citizenship through her mother in theory but won't give her the satisfaction of filling out the paperwork due issues between them.

Hopefully when that harpy dies my wife won't have too hard a time getting her passport in order.

Or you never know maybe Europe will be a loving hole by then and people will be clamoring to get away.

# ? Apr 14, 2015 20:29

Lain Iwakura: Aug 5, 2004; The body exists only to verify one's own existence.; Taco Defender

http://www.cbc.ca/news/canada/british-columbia/generation-squeezed-deserves-more-government-attention-says-ubc-study-1.3032142

Typical article on Baby Boomers but I dared to read the comments and saw this gem:

quote:

My first mortgage, 1990, had an11.5% interest rate. The next generation gets mortgages at 3% or less. Who had the financial hardship?

# ? Apr 14, 2015 20:31

Kraftwerk: Aug 13, 2011; i do not have 10,000 bircoins, please stop asking

Cultural Imperial posted:

This why I keep telling you people to leave this loving country. Fine, you can't get a visa to move to Europe. What about Asia?

Or maybe I just lack vision and suicide is truly the noble solution.

Finding a job in Europe is next to impossible unless I wanna do poo poo like bar tending or something which pays even less than my Canadian job and can only be done on a youth mobility visa.

Asia ain't my style.

Pretty much my only hope is my lovely East European homeland entering the EU one day.

# ? Apr 14, 2015 20:34

namaste friends: Sep 18, 2004; by Smythe

OSI bean dip posted:

http://www.cbc.ca/news/canada/british-columbia/generation-squeezed-deserves-more-government-attention-says-ubc-study-1.3032142

Typical article on Baby Boomers but I dared to read the comments and saw this gem:

loving lol

Kill all loving boomers and grind their corpses into oil

# ? Apr 14, 2015 20:55

namaste friends: Sep 18, 2004; by Smythe

EvilJoven posted:

My wife has French citizenship through her mother in theory but won't give her the satisfaction of filling out the paperwork due issues between them.

Hopefully when that harpy dies my wife won't have too hard a time getting her passport in order.

Or you never know maybe Europe will be a loving hole by then and people will be clamoring to get away.

Jesus Christ talk about cutting off your nose to spite your face. Your wife is loving dumb

# ? Apr 14, 2015 20:56

namaste friends: Sep 18, 2004; by Smythe

ChairMaster posted:

Where in Asia would you go? China's so polluted that their whole atmosphere is gonna catch fire any day now, Japan is gonna fall apart when 90% of their workforce retires in a 5 year time span, India's a bad place to go if you don't wanna get raped, Indonesia probably sucks I mean come on it's Indonesia, etc.

And I get poo poo on for racism. :rolleyes:

# ? Apr 14, 2015 20:57

OhYeah: Jan 20, 2007; 1. Currently the most prevalent form of decision-making in the western world

2. While you are correct in saying that the society owns

3. You have not for a second demonstrated here why

4. I love the way that you equate "state" with "bureaucracy". Is that how you really feel about the state

LemonDrizzle posted:

Germany manages to have relatively high wages and lots of manufacturing, so it's hardly an impossible combination.

The same with some other countries such as Japan. But that didn't come overnight, that came after decades of education, investment and long-term plans and conscious effort on the state level.

EvilJoven posted:

Or you never know maybe Europe will be a loving hole by then and people will be clamoring to get away.

When Europe will be a loving hole, the rest of the planet (apart from North-America) will be literally unfit for human life. If the Western civilization goes tits up, we are doomed anyway.

Kraftwerk posted:

Finding a job in Europe is next to impossible unless I wanna do poo poo like bar tending or something which pays even less than my Canadian job and can only be done on a youth mobility visa.

Asia ain't my style.

Pretty much my only hope is my lovely East European homeland entering the EU one day.

I'm not sure if things are that bad in Europe. In some Southern countries, yes: Spain, Greece, perhaps Italy. But that's not the entire continent.

As for Eastern Europe, anyone who has a chance is getting the gently caress out of there. Living costs are quite low on the other hand, so it might be an option. People are a bit depressing, though.

# ? Apr 14, 2015 21:28

namaste friends: Sep 18, 2004; by Smythe

Hal or anyone who might know what they're talking about : what does this mean exactly?

quote:

Chart: Lumber futures collapse (May-15 contract). Weak Canadian dollar? Weak Canadian housing demand? Weak US demand? http://twitter.com/SoberLook/status/588067858757853185/photo/1

https://twitter.com/SoberLook/status/588067858757853185

# ? Apr 14, 2015 21:33

Baronjutter: Dec 31, 2007; "Tiny Trains"

For a non-1%er type I can't really think of many better places to be than Canada even as bad as things are. I mean only a tiny upper class minority of anyone really has any sort of international career mobility, and those people don't really need to worry about much. For being a regular working class person I can think of a hell of a lot of worse places to be in the coming decades than Canada. We've got tons of fresh water and space, farmland, resources, and a fairly ok quality of life. If the world economy tanks and climate change hits harder and faster than predicted I'm fairly happy being where I am. Asia is hosed, if they don't pollute them selves into societal free-fall rising sea levels destroying a vast majority of their farmland will take care of it. Europe is awesome but once again quite vulnerable to the effects of climate change but also potentially politically unstable if poo poo hits the fan. South America? Africa? Iceland? Australia is depicted as surviving apocalypses but it's infested with Australians.

It's pretty hard to predict what the future holds or how bad the sky will be falling, but Canada seems like a pretty safe place to be. Safe as in "won't be killed in a bloody revolution or war" or "won't starve to death after the food riots". It's not a good place though if your main worries for the future are ridiculous things like maintaining a high income and status. Most of the world will be worried about food, water, shelter, and violence, not which country has the highest paying jobs for their university degree.

# ? Apr 14, 2015 21:35

OhYeah: Jan 20, 2007; 1. Currently the most prevalent form of decision-making in the western world

2. While you are correct in saying that the society owns

3. You have not for a second demonstrated here why

4. I love the way that you equate "state" with "bureaucracy". Is that how you really feel about the state

Baronjutter posted:

For a non-1%er type I can't really think of many better places to be than Canada even as bad as things are. I mean only a tiny upper class minority of anyone really has any sort of international career mobility, and those people don't really need to worry about much. For being a regular working class person I can think of a hell of a lot of worse places to be in the coming decades than Canada. We've got tons of fresh water and space, farmland, resources, and a fairly ok quality of life. If the world economy tanks and climate change hits harder and faster than predicted I'm fairly happy being where I am. Asia is hosed, if they don't pollute them selves into societal free-fall rising sea levels destroying a vast majority of their farmland will take care of it. Europe is awesome but once again quite vulnerable to the effects of climate change but also potentially politically unstable if poo poo hits the fan. South America? Africa? Iceland? Australia is depicted as surviving apocalypses but it's infested with Australians.

Most of Europe will probably be fine as it is technologically advanced and a lot of countries here produce more food than they consume. In Eastern Europe a lot of people still grow some food as a hobby, it's like a carryover from the Soviet era. For example from our summerhouse we get a lot of apples (more than we can eat, make juice or jam out of), some pears, blackcurrants, redcurrants, gooseberries, plums, strawberries, rasberries and some potatoes, tomatoes and zuccini (and the occasional pumpkin). In my country we grow a lot of wheat, barley and potatoes, we have strong pork and dairy industries (which have been hit quite hard by the crisis in Russia and Ukraine, but still), so yeah, no one is going to starve here like people are going to be starving in places in Africa and Asia.

# ? Apr 14, 2015 22:02

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# ? May 15, 2024 16:29

triplexpac: Mar 24, 2007; Suck it
Two tears in a bucket
And then another thing
I'm not the one they'll try their luck with
Hit hard like brass knuckles
See your face through the turnbuckle dude
I got no love for you

OSI bean dip posted:

http://www.cbc.ca/news/canada/british-columbia/generation-squeezed-deserves-more-government-attention-says-ubc-study-1.3032142

Typical article on Baby Boomers but I dared to read the comments and saw this gem:

My first mortgage, 1990, had an11.5% interest rate. The next generation gets mortgages at 3% or less. Who had the financial hardship?

I know commenters don't read articles but like... it's RIGHT THERE at the start

quote:

"After devoting more years to school, the typical young person must work five years more to save a down payment on an average home, because of the dramatic rise in housing prices across the country," writes Kershaw in the study entitled population, aging, generational equity and the middle class.

"Even at historically low interest rates, they have to labour a month more each year to pay the annual mortgage than did the same age person in 1976-1980," he concludes.

# ? Apr 14, 2015 22:08

The Something Awful Forums > Discussion > Debate & Discussion > Canada Housing/Debt: Trust me, I'm a landlord.

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