crippled and corrupt - land of false water

and in Australia - you know the place they cl.ubbed GMO injectiion protestors....

there's people out
4:39
there that's
4:40
way worse off than us you know there's
4:42
people in Bundaberg living in tents and
4:43
Caravans people living on the streets
4:46
they can't survive


They have a house to sell, they have a piece of and they to build on..
having a piece of land in Canada in unaffordable
 
aquarian1 said:
Points in the video:

  • Sustained low interest rates have fueled the enormous price bubble in Cdn real estate prices.
  • Many Cdn have the "I'm OK - I have a house who cares about you?"
  • Rents have skyrocketed along with real estate
  • No one is able to buy a house without help from relatives

Here is a chart
View attachment 322447
More...
It is a shocking chart. The good news is US homes can still rise 75% if US follows the Canadian trajectory.
 
nitrene said:
It is a shocking chart. The good news is US homes can still rise 75% if US follows the Canadian trajectory.
More...

Yes a terrifying chart.


Numbers below are just rough - and mostly for example.

If one searches for median income in USA (median = middle in rank vs mean which is arithmetic average) I think you'll find it about $55K (?)
The average USA home is up quite a lot from that chart q4 2000, I seem to remember 360K (perhaps urban areas?).

For a house you need the down payment and then your mortgage amount +plus interest payments (loans LOCs, credit cards etc) cannot exceed a certain percentage of your after-tax income - 38% (?)

So if someone earns 55k and nets 45K after tax, (having no others loans) then $17,1K/yr (or $1,425/mo) for mortgage.
At 2.5% that's 684k mortgage and at 5% 342k mortgage.

One can see how low interest rates caused this bubble.

Also if your mortgage payment doubles and one of the two loses their job, you can see how many houses would be sold.
 
aquarian1 said:
Points in the video:

  • Sustained low interest rates have fueled the enormous price bubble in Cdn real estate prices.
  • Many Cdn have the "I'm OK - I have a house who cares about you?"
  • Rents have skyrocketed along with real estate
  • No one is able to buy a house without help from relatives

Here is a chart
View attachment 322447
More...

must be the foreigners bought up all the houses...
 
mervyn said:
must be the foreigners bought up all the houses...
More...

No. Foreigners own between 2 and 4% of Canadian real estate depending on which market. It amazes me that so many get this topic wrong for many years yet insist on trying again and again to push the same false narratives. There were threads on this site in 2010 and 2011 posting the same shit.
 
Nine_Ender said:
No. Foreigners own between 2 and 4% of Canadian real estate depending on which market. It amazes me that so many get this topic wrong for many years yet insist on trying again and again to push the same false narratives. There were threads on this site in 2010 and 2011 posting the same shit.
More...

foreigners, propaganda wrote...
 
You must log in or register to reply here.
Back
Top