Why Canadians Can't Afford a Home

[@rockstarinnercircle]

🤔 Investing in Real Estate? Let's Chat! 📅 Book a Call: form.jotform.com/242254043973254 📧 Email: [e-mail]

[@mrbbqlvr4274]

Bottom line: The Bank of Mom & Dad better be well stocked. It is a slippery slope though in my opinion as you don’t want to spoil them. In my case, the kids been told if they *uck up, they ain’t getting anything until death. On the other hand if they do well then they will have a leg up and I will be more than happy to help. Time will tell how all this shakes out. As for those w/o Bank of Mom & Dad, they better set themselves up for achieving household income of $250K yearly for a good life.

[@patrickfrancey2352]

well done, great explanation.

[@rockstarinnercircle]

Thank you, Patrick!

[@movingtokitchenerwaterloo]

Great job keep it up

[@rockstarinnercircle]

Thanks. Glad you enjoyed!

[@terrylaw18]

One of the biggest problems over the last nine years is that Trudeau doesn’t understand any of this.

[@raguthanabalasingam2166]

We have a densification (Greenbelt policy), no more urban sprawl policy. Land prices skyrocket, and Single Family House price multiple to income expands. 4-6 times for Toronto before anti-sprawl policy to 8-12 times now 12 Metros out of 50 US cities have these policies, the rest do not. Look at the prices of the following two cities to show the anti-sprawl policy in action: Portland (2.1 Million People, slow growth) vs Houston (7.1 Million People, fast growth)

[@karenireland8483]

If you take money from a heloc you have to pay interest. Why are you not putting that into the equation. I do not understand how using a credit card makes money out of nowhere. I pay my bills with the money I have earned. I earn money and use it to pay my credit card. Where is the money coming from nowhere? It's just moving numbers around.

[@zomgoose]

The Century Initiative, brought to you but McKinsey and Blackrock. The people pulling the strings want this to happen and it will get worse.

[@johnnyboyvan]

So obvious. Nothing new here. Poverty is a reality and debt is a false sense of wealth. I bought 24 years ago and struggled to purchase my home.

[@donaldawilliams5278]

Love the breakdown.

[@rockstarinnercircle]

Thank you! Glad you enjoyed.

[@stephenphillips6245]

Your new money is someone else's debt.

[@zomgoose]

Cantillon Effect

[@kevinheise7]

You will own nothing...

[@gems.studio]

20% down 7% average annual appreciation PLUS rental income MINUS cost of ownership = REAL Annual gain

[@rally_chronicles]

But real estate always goes up don't you know

[@gems.studio]

@@rally_chronicles Not necessary - there are lots of other factors to consider, including flow of people/ population changes of certain area (i.e. Hong Kong [down 40%] or Calgary/ Edmonton [up 30%] after 2021), or overall economic environment (i.e. Japan market collapsed [down 60+%] since 1990)