Here Comes the Leaf Collapse

>>127221970
cant wait for the crash, then i'll actually be able to afford a house

>>127222094

Pool some cash, you'll be amazed at the deals that you will see.

Here in America, here's roughly what happened...

1. Market collapses
2. A bunch of people go BK or stop making payments so they lose the home
3. Banks suddenly have a glut of houses.
4. They don't want them, because they have to maintain them and cut the grass until they can sell them.
5. No one is buying, each month the inventory is going up.

So what happens? The bank starts making deals.

6. The first homes sell for whatever the prior owner owed on them, so they can break even.

7. Then prices continue to collapse, and the bank starts worrying, so they sell the homes for whatever people are willing to pay.

If it's like the US, expect discounts of between 50-60%, depending on your timing.

>>127221970
not a happening
market cooling, not collapsing

>>127222570
ive got around 30k in us dollars and 20k CAD

im hoping to grab at least 2 houses during the crash

Adding to the problem... lenders are starting to bottom-feed on loans.

All of the quality buyers have gone, so they're looking to riskier buyers to keep the train rolling:

https://betterdwelling.com/city/vancouver/vancouver-mortgages-are-rapidly-deteriorating-in-quality/

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/pol predicted this. check the archives

>>127223106
Be patient. Housing markets take years to bottom.

>>127222570
Had a buddy buy a house for $13,000 cash that had sold for $210,000 only two years earlier.

>>127223544

Not always. In the US, the whole process was done in about 1.5 years.

>>127223106
wait until the price of a blowjob hits $10 in southern ontario, then buy.

the ideal time to buy property is always around when the low-end blowjob equals the cost of a gram of weed, in any given area.

>>127223544
im hoping the start of the Canadian Housing Happening (CHH for short) will be Q4 2017 or mid 2018 and to have a house or two by 2021

>>127221970
Is this finally the time the leaf falls off the tree. This means the Day of Rake is soon to follow

>>127223915
When is the next one happening here?

>>127224035
i can get ounces delivered to my door for less than $4/gram.

>>127223880

That's how bubbles work.

The people buying are willing to over-pay. Not because they think the home is worth that much, but because they think that SOMEONE ELSE will be willing to pay more in the future.

And, because of this, they're willing to over-extend themselves with their loans, since they think that they can get out of the home quickly if need be.

All of this is fine as long as the price is going up, but not so great when prices begin to drop...

1. Home is suddenly worth 1/2 of what you paid.

2. Bank still expects you to pay back a loan for what is now 2x the "value" of the home.

3. Stay in the home and you never break even. You become a bitter old man.

4. Walk away from the home and your credit is screwed forever

5. You can't sell the home, because no one is buying and because you're so underwater the bank won't approve it (because you won't be able to make up the difference on your loan)

>>127224140
you buy in bulk did i describe bulk prices to you?

i can't wait to watch you fuckers suffer. i've already got my shorts lined up.

>her dick

>>127224117

Good question. It will happen again, but I'm not sure if it will be a rapid decline or a gradual one.

We know that the student debt bubble is going to effect the whole economy in the long run.

Youngers will be paying back debt instead of buying homes and new cars.

US home prices are already out of control again; Cali especially but everywhere. The center can't hold with these prices.

>>127224140
how much is a blowjob? and no, i am not interested. keep your dirty leaf mouth away from me

>>127221970
Realistically could canadian market crash be the pin that pops our market bubble that forces government to call in on those student loans to pop that bubble.

>>127224572
depends, downtown crack whore or 7/10 tinder slut?

>>127224579
it's more likely that Canada will just start importing more refugees and fill the foreclosed houses with them. it's a win-win for everybody involved. you can't lose when you invest in diversity

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>>127224553
>but I'm not sure if it will be a rapid decline or a gradual one.

if interest rates are raised, combine that with the realization that these houses ain't actuallygoing up in value $750 per day and then throw in Home Capital collapsing in June. It's gonna be a fun summer.

>>127224734
bus station skank

>>127221970

Of course everyone wants to sell. Fucking property values are through the roof.
Imagine you had bought a home 10 years ago. Probably worth 10 times what you got it for and there are people willing to pay for it.
GTFO while its hot.

>>127221970
Canadabros with money: Buy very nice apartment buildings in very desirable areas ASAP.

You will not believe what the rents will skyrocket to.

I'm going to Canada to stay for a day or two before flying to England, should I be worried?

>>127221970
>Imply most of Canada isn't ecstatic that cityfags are going to get fucked raw

>>127221970
Fuck Canada

>>127222094
I don't know how to feel about this. I live in an old, small Condo that hasn't increased in value all that much since I bought it years ago. Probably because I'm surrounded by 300,000 luxury condos.

I live in Montreal

>>127221970

is this just Toronto or other cities too? Quebec?

my theory is Justine will demand you take in millions of refugees, and then the government will print the rent money to prop the market... until it really crashes along with the government and society.

>>127225069
There's not going to be fucking riots or civil war you idiot.
Just a lot of suicides.

>>127225212
>300,000 luxury condos.
$300,000

>>127225158
Maintain your sovereignty for more than a couple decades at a time, and maybe people will value your opinion.

>>127224760

There are a few problems with that....

1. Your average refugee can't afford to spend $2 million (CAD) for a 1500 square foot home.

2. Those who CAN afford it already have bought and are now coming up against Canadian money laundering laws:

http://www.theprovince.com/news/local+news/fraser+valley+board+warns+offshore+clients+seeking+misuse/13395018/story.html


>>127224781

In the US, the Fed rate being kept artificially low has been part of the problem.

Not to mention... last time things crashed they lowered the rate to boost the economy. With rates still hanging around zero, they no longer have that tool if the next crash hits.

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>>127225237
>is this just Toronto or other cities too? Quebec?

Everywhere.

The government and Big 6 banks are covering up how bad things are. Full on perception management. And it looks like there is going to be a huge bailout in oder to save 320k pensions that are tied up in Home Capital as a result of a corruption scandal.

>>127225380
Jesus. $300,000 in Montreal? Fuck me, in Waterloo they're anywhere from $250-$450. I guess the hammer falls hardest in southern Ontario.

>>127225212
If your condo is worth that you could sell it and buy like three houses once the market bottoms out.

Good, I can't wait for housing to crash and wipe out all the illicit money the Chinese stashed away in real estate.

How much did the Japanese lose in the 90s? I want the Chinese to lose even more.

>>127225069
Yeah. Someone might trick you into signing a 2,000,00 mortgage on a teardown lot if you aren't careful. This mostly happens in cities so just stay away from downtown or Jewy looking neighborhoods

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>>127225380

This listing should give you an idea of how big the Canadian bubble is..

>>127225282
That sounds amazing. Think I'll visit Camada to watch the day of the rake unfolding.

>>127225473
Good bants for once, Leaf

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>>127225666
>666

Devlish truth

>>127225495

interesting, I remember our market crash had a few areas that were affected faster or slower. are you already printing money to prop up the market? how bad do you think the empty home surplus is?

to what idiot lengths will the leaf go?

Looks like I'm gonna put off buying a house now.

>>127225730
It was real interesting watching multimillionaires off themselves for being worth $10m instead of $25m here

3/4 of Canadians would default on their mortgages if their payments go up 10%

Interest rates are due to go up soon...
>https://www.thestar.com/business/real_estate/2017/05/23/most-canadians-would-have-trouble-with-10-per-cent-hike-in-mortgage-payments-poll.html

>>127225666
Can I just buy the plot and build my own? ffs even the pain in the ass of complying with all the building ordinances would be worth it.

>>127225730
>Rake Unfolding Day
Rakes don't fold, we just hang them in the garage.

>>127225666
Jesus fucking christ, thank God I'm only in Canada for a day before going to bongistan.

By the way just a question, this has been discussed a lot on /pol/ and things seem to be unfolding exactly like many people said it would, are people just that perceptive or are their lakes from banks and loaners on here?

>>127226060
That price is because of the plot. The house likely reduces the value as it's a piece of shit

>>127225480

doesn't matter if the refugee can't afford it, the Canadian government will print money to do it. I'm wondering how deep they'll dig the hole this way.

>>127221970
AMERICA HERE I COME!

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>>127225666
Bubble, bubble,
Burst! Give trouble.

>>127225994
>are you already printing money to prop up the market?

nigga this month leafs were already doing the 'mystery buyer' routine pretending some mystery man will bailout home capital.

no joke. The government has probably primed and promised bailouts. the taxpayer is going to eat the loss, all of it.

>>127226189
chinese millionaires use the property market as a big money laundering operation. they just trade worthless plots of land between each other. that's what this is.

THE CHINKS ARE WAITING FOR IT TO BOTTOM THEN BUY ALL OF CANADA

AN OVERHEATED CANADIAN REAL ESTATE MARKET IS STILL A SAFER INVESTMENT THAN THE SHITHOLE OF CHINA

>>127224816
it'd cost around $20 + a 80% chance of herpes

>>127225480
bro what do you mean? why would the refugees have to afford anything? the taxpayers will gladly do so because of the immense benefit this added diversity will bring.

>>127226160
>By the way just a question, this has been discussed a lot on /pol/ and things seem to be unfolding exactly like many people said it would, are people just that perceptive or are their lakes from banks and loaners on here?

nigga we got people here with 140+ iq financial people making frog memes and starting finance threads for days.

>>127225575
Thank all our wealthy Chinese students and Toronto-based investors. Kitchener is seeing the most rapidly increasing rental rates in the whole country.

>>127226028
Is there even a point to buying when mortgage rates are low if rate increases later on can retroactively affect your mortgage payment?

It seems like a trap to get people into a budget in they can just barely afford so they can get played later on down the line when the market adjusts.

>>127226373

but.. dude weed.... yeah I can't see them raising taxes all that much either. I'm not 100% on the canuck govt, how fast can they pass laws to fake raising more money?

how does this effect the Chinese buying up everything? it always felt like money laundering from what I've read.

>>127225583
So wait chinks buy foreign property to basically hide their income or something?

DAY OF THE RAKE

>>127226539
i'd say that's about the standard rate these days (the cash, not the herpes)

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>>127226060

Once you own it, I'm sure you can. But as far as this property goes, keep in mind...

1. It has no land. The house takes up almost the entire property.

2. The homes around it look to be of the same high quality as this.

3. You're nuts if you're willing to pay $2 million for just a lot (not to mention the cost of the teardown)


FYI: the bubble in California is just as bad. This 378 sq foot dream home is listed for $179,000

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Let it fall, it's about time.

The CMHC is overleveraged, and that exposes the banks. They've already stopped giving mortgages to anyone that doesn't qualify for an interest rate that's double what it is now. They've already made it so the first time homebuyer's 5% down deal only applies to the first 500k.

All of this basically means that borrowing cheap money is now only available to the wealthiest. Do we want a real-life game of Monopoly to play out? Let it crash. Let the greedy speculators take a haircut.

I'm sure they'll cookup some fuckery though because the boomers are counting on their real estate holding value to finance their sunset years.

I want to see pain and difficult sacrifices made at the upper levels of the pyramid, because that's exactly who is responsible for this.

I want people to lose their investment properties. You know, the ones where they were counting on wage slaves to pay them off with inflated rents so they could live in comfort without contributing to society? Yeah I wanna see those people have to buck up

>>127226618
>how does this effect the Chinese buying up everything?

It doesn't.

Canadian investment advisers don't even have to tell the truth to their clients. You can tell them to do something that's bad for them and good for you. No joke. Canada is a fucking free for all.

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>>127221970
Hopefully this boils over into the American market its getting just as bad as 2008 again.

This whole idea that houses are some big financial nest egg that will always appreciate has always driven me bonkers. No other fucking product on the planet works like this and the kike that though of this needs a bullet to the head as well as all the dumb plebs who bought into it.

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My parents bought their Vancouver house in 1982 for $66,000, today they'd probably get 1.5 million if they sold it. They're both of the opinion that it's only going to keep going up, and that eventually I'll have a 2+ million dollar inherited house. I've told them it's not likely, and it'll probably be more like a 6 or 700,000 dollar house by then, but they call me dumb and uninformed.

I hope they're right, desu.

>>127225666

That probably includes 10 acres of waterfront land.

>>127226160

When this crashes, you'll tell people you knew it would happen. And, when the next bubble happens, you will be the first to spot it.

It isn't that we're that much smarter than anyone else, it's just that we have longer memories.

>>127225666
yah it's gonna be big, i'm hoping the banks don't go into negative interest rates.

>>127226460
Hope they lose it all.
Hope you have cash to capitalize on this. I know a lot of people who made fortunes during our collapse.
One had a flooring business, did the flooring for the house while the bubble was growing, then used the profits to buy a dickload of properties. Rents them out now and plays poker with $10k but ins.

>>127226556
>Is there even a point to buying when mortgage rates are low if rate increases later on can retroactively affect your mortgage payment?
No. Canadians are cucks and will let bankers fuck them every which way. When this bubble eventually pops the banks will just get bailed out by the tax payers even though the banks are still posting record profits. Q2 profits this year are up around 10% for most of the big 6 banks and those kikes will keep the profit while we all share the eventual loss.

I blame HGTV.

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>>127226996
>6996

>>127226860

It'll be less than that...

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>>127226199
checked, this is true. the entire refugee/migrant/immigration scheme across the west is all about filling in the new ranks of the ponzi scheme. it's all about money vreation through debt creation, kicking the can down the road to all the people who put on a suit and contribute nothing to society can make their statements look good for another quarter. Most of the west is leveraged to the tits with debt and unwilling to take on more. Hence the migrants, who, if they show up with 0$, are richer than the average indebted Canadian. As long as they're eager and gullible they can be heaped with more debt. Hell, we'll even print it for them!

POOF! NEW MONEY!

>>127226160
This has all happened before, most recently in 2008 in the US. And it will all happen again

>>127225666
I wouldn't even pay $10,000...

>>127227126
smart birb

>>127224321
Adding to this: In Canada you can't file bankruptcy to default on a housing loan, if I understand the rules correctly. And the bank can come after you for the money at any time.

>>127226849
>No other fucking product on the planet works like this and the kike that though of this needs a bullet to the head as well as all the dumb plebs who bought into it.

Supply and demand. It's very difficult and cost-intensive to make new livable spaces that people actually want to live in. You either sacrifice square footage or distance from amenities, and eventually you run out of space altogether. The only real solution is for people to start dying.

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>>127226914

Nope. But it does have a ghetto party store next door, and that's just as good as being on the ocean, right?

>>127224321
Walking away is the best option. Credit can recover but if you keep paying that money is gone. And this is the worst outcome for the banks, they can have the house and the bill for the loss. Fuck em', they should have been smarter than that to loan a couple million on a <1000 sqft crackshack.

The banks just made record profit. When will the collapse happen pol? 2020? 2024?

>>127227219
I wonder if the canadian bubble could cause other foreign markets to crash as well, for instance the australian housing market is in a huge bubble.

>>127226721
I judge the CA market based on Richmond. If the homes in the bad neighborhoods there are over $80k it's inflated as fuck.

>>127227423
Or stop illegals and migrants from coming in.

>>127227681
It might exacerbate it, as investors move their holdings from one market to another.

>>127227681

If you leafs can pop theirs before yours pops, some money will flee to canada instead and you'll get to trip the lite fantastische for a tiny bit longer.

>>127227855
BUT THEN WHO WILL BUY THE MORTGAGES AND PAY PMI??????

>>127225480

I think you underestimate the stupidity of the Canadian government. They will hand the foreclosed houses out like candy to all the poor homeless refugees and house 4 to a house and totally tank the surrounding home value further

>>127221970

>Not realising that another real estate bubble collapsing is a vindication of every economic theory /pol/ hates

>>127227662
It could happen anytime between now and 2019

>>127227416
Which is going to make matters worse. Now, they’re out of their home, they have to keep paying on it, and they can’t afford to buy anther home.

>>127228146
What are you talking about?

>>127228146
go on

>>127228146
Didn't realize /pol/ liked chinese business men buying up foreign realestate as collateral to prepare against tough times.

>>127228146
>>127228230

>/pol/ supports QE and printing endless fiat to feed the bank's addiction to subprime lending

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>>127228080
>8080

This is what the canadian government gave white immigrants
https://www.youtube.com/watch?v=AUXbZ1R4Ge4

Now their descendants pay rent to a chinaman on the land their forefathers carved out of the wilderness.

Canada: a land of fucking suckers.

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>>127224553
>We know that the student debt bubble is going to effect the whole economy in the long run.

When that fucker pops, I'm gonna be glad I stored up on guns & ammo. Everything is gonna go F.U.B.A.R. fast.

For fuck's sake, even people with good degrees (like me) can't find a decent gig that doesn't require 5+ years exp.

>>127227055
that's the plan at least. the family is on board with buying up a block when the market craters so we'll see what happens with that.

>>127227929
this. they'll find another country to smuggle their money into. only reason they can't get away with this shit in the US is the IRS keeps their asshole under a microscope.

>>127227416
>2
Wheres the proof of that? i read that you are discharged after 2 years.

>>127228353
If you think those are the reasons this is happening, you know nothing Jon Snow
>private debt creates fiat money, not the other way around

>>127227266
then your an idiot

the value in a property like that is you bundle it up with 2-4 neighboring properties and sell for 10 million for a condo development with a commercial mainfloor

>>127228470
Define "good degree"

>>127228613
does it even matter? the end result is the same, they are in a positive feedback loop

also, you haven't stated anything to support >>127228146

moody's also downgraded the leafs recently.

no one wants to buy their shit anymore.

>>127228470

You might be right.

When you combine the violence of today's youth with the push to blame boomers for not dying to save the asses of the young people, it's looking like a powder keg

>>127228353
>>127228613
quantitative easing is just a strategy to keep the system stable, even when it needs to crash so the rich assholes get punished for their fuckery

the fed was still an enormous mistake, thanks for nothing Woodrow

>>127224094
Don't worry friend, the Day of the Diet is forthcoming.

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>>127228857
B.S. in Petroleum Eng., Minor in Math and an MBA. The oil market is still shit but they're are still plenty of jobs. The problems is that they want an unreasonable amount of exp for even the lowest paying gigs.

>>127221970

>cant build more land

We have up until now operated under the requirements that everyone live in a small area. Like cities. This has led to massive price differences.

Now more and more can be done remotely work from home or satellite offices.

I cant wait for the city land value to shit itself everywhere.

>>127229054
QE is smoke and mirrors, bank reserves can only be used between banks.

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The traitour canadan gocernment is getting ready to create a new infrastructure bank to fuck the leafs out of even more money:

>Conservative MP Pierre Poilievre in complete beast mode lays out the facts concerning Canada's New Infrastructure Bank. The facts reveal that all costs and risks from this unnecessary bank are on the backs of Canadians and all profits and protection is given to the World's Wealthiest. The $32B of taxpayers money is to backstop the profits of investors in large risky infrastructure projects.

https://www.youtube.com/watch?v=YGBmIY8JThY

now throw in the new carbon tax. these fuckers are feasting on their own corpse.

>>127229181
Chances are the problem is you. Do you have any work/intern experience at all?

Do you have any knowledge of what's industry standard technologies?

Do you bullshit through interviews trying to concoct an answer to something you don't know instead of just admitting you don't know; but you know how to find the information to fully understand it?

etc.
etc.

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>>127228146

>muslims move in

>property value declines

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>>127229054
>quantitative easing is just a strategy to keep the rich assholes from getting punished for their fuckery

pretty much desu. right in everyone's faces

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I think Trudeau might be a communist agent

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>>127221970
>>127222094
>>127222570

>>127228885
It does matter that you think there is a feedback loop. There isn't.
Fiat money printed by a government has no relationship to fiat money "printed" by private credit

>>127229667
the fed just reinflated the housing crisis.

now fucking everything is in a bubble, bonds, stocks, housing, its all gonna blow unless the IMF pulls some jewish trickery off.

>>127229785
Yes it does, printing money and dropping interest rates to zero only empowers the banks to do more of the same shit that is causing the bubble

if you cut off the govt teat the banks would suddenly become much more conservative like they were in 2008-2011 following the american housing bubble

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>>127229667

Home prices - Income

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>>127229667

Household debt to income

>>127230040
>>127230101
rofl. a family home is historically half your yearly income. look at that shit. holy fucking christ central banking is absolute cancer.

People>Land
Although the property/land prices go up and down just like the economy, it will ultimately always rise.

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>>127229420
>all profits and protection is given to the World's Wealthiest.

This is the problem desu. 2008 they fuck up gambling with other peoples money and they got rewarded for it. QE gives new money when it's worth its most to the exact people who were greedy and irresponsible. That is NOT a disincentive to change.

But maybe they didn't screw up... maybe they knew they'd be rewarded, it was all part of the plan.

>>127229426
>Chances are the problem is you.

I actually would agree with that (I do have work exp and I can bs interviews aka I'm not a complete retard tho) but I know WAAAY to many people who are having the same problem as me and are either at my same level or even better (like having multiple internships etc.).

The point I'm trying to make is that we are not getting decent paying job plus the fact we have student loan debt is just adding more explosive charge to the powder keg.

>Do you have any knowledge of what's industry standard technologies?

Fun fact, they never ask this question in interviews because most likely the company that hires you has to re-train you their way anyway. Despite thinking I was doing the right thing and getting the right kind of degrees, college is a fucking joke. Hopefully when shit hits the fan, higher education fucking burns to the ground.

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>>127229588
you may find pic related interesting

>>127221970
QUICK GIVE ME THE NAME OF STOCKS THAT ARE LIKELY TO SKY ROCKET

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>>127230331
They say the smart money already fled and the really smart money is staying, because they know there'll be a bail-out.

Maxime Bernier will be the man to tell canadians that retirement age is now higher than life expectancy.

>>127229971
>He still thinks that most money isn't created by bank credit without any government intervention
Oh sweet summer child...

>>127230626
i keep hearing about the bail out meme but watch for bail-in. i'm sure the legislation is passed to evacuate your bank account if they need to, just like in cyprus.

>>127230604
Moon moon

>>127230604
Expect Big 6 Banks to drop stock prices from the time the crash is announced until their bailout is announced. Sell short on them when interest rates rise. Watch "The Big Short" for a better idea.

>>127221970
Oh fuck oh fuck oh fuck I don't want to lose my job oh fuck oh fuck oh fuck
All my family works in the car industry no money no cars no money for us

>>127226552
Kitchener? I was there mid 2000's and it was a shit hole.

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>>127223530
I'm a lifelong Bostonian and have been predicting this is all a bubble for the past few years. The city has become a place where literally only the rich and subsidized minorities can afford to live.

>single floors (2 bedrooms) of 3 family homes in the most violent parts of town are selling for $600k apiece
>tiny condos in manufactured trendy areas are $1 million
>modest 3 bedroom homes on the outskirts of the city are $500k+
>rent is up to $5000/mo anywhere near downtown (unless you're a subsidised minority)
>rent for normal tier apartments is $1800-3600 per month
>middle class whites have all been forced out
>millennials in their late 20s/early 30s are living with multiple roommates to survive

We're reaching the point where an entire generation of Americans are not able to afford buying a home. There will be no more market to sell to. It's going to be glorious watching this bubble burst, it'll make 2008 seem quaint.

>>127230909
Also, any publicly traded rental companies, although really, I'd have to do some looking into that myself.

>>127230790
well next time I can vote on the bank BoT, let me know

back in the real world I will spend my efforts trying to get my democratically elected govt to stop giving them money

sure, banks produce most private debt but that is with the full faith and trust of the u.s. govt

>>127226860
Boomers are fucking retarded

>>127221970
I was in this conversation last month. They wouldn't listen..they never do.

The question is .. how are the Canadian taxpayers going to get fucked?

>>127227184
>Someone else has the same realization as me.
It's going to get really fucked up when 99.9% of those rapefugees don't have jobs, and thus we have to go even FURTHER into debt to subsidize them and their 10 kids.

What the deal with chinese buying properties along the West Coast? I live in Texas so I've never heard of this before.

>>127230399
You might want to hammer the basics for industry standards. Talk to people, ask them what they use.

Internships are not a golden ticket, but they definitely help. The interview isn't to quiz you about how much you know. It's to find out what you've done.

I've done interviews where I maybe asked a candidate 2 questions, and the entire interview was them ranting about work they've done and all of the bullshit they had to put up with to get their work done. Those guys always got the job.

I didn't have to drag the answer out of them, and they knew what we want to hear is how proficient are they at their work, how capable are they at picking up new skills, and how do they deal with problems so that the project doesn't suffer.

If you can walk into an interview and pull that off, you will get the job.

>>127231098
Google set up a headquarters there, Waterloo-Kitchener trying to be the "silicone" sector of Canada now

They're gentrifying the place like crazy, building lots

>>127229426
I think this just proves the point though. Getting a decent degree still isn't enough. Companies aren't willing to train a person who has an education, meaning the whole thing is fucked.

t. someone with an engineering physics degree from a top engineering college unable to find decent work

>>127221970
Sure invaders will crash Canada inbetween organized buying cycles.
2 benefits: 1: get rid of local sheeple speculators 2: get a piece of Canada for smaller price.

Canada is currently in process of colonization and bought, if you did not notice.

>>127231394
it's a store of wealth for them.

>>127231347
look at the u.s.

We bailed out the banks and now they are back to their same ((( tricks )))

>>127231347

I'm not sure, I don't keep up on Canadian politics.

I've always assumed that getting fucked by the government was business as usual for the Canadian citizen.

>>127223106
You may need to wait. Unemployment will follow and needs you need to see what the contagion is...have physical cash my friend.

>>127231098
Chinese.

There's a big company here that has been buying up small houses by universities by the fucking truckload and they've been building luxury condos for Chinese uni students. It's really a stark contrast between the white kids who live 5 or 6 to a house with no car and these Chinese daddy's moneys that come over and abandon brand new Mercedes and GTRs when they're done school. I did some maintenance for this company and the shit they leave behind is ASTOUNDING.

>>127231146
Good. I'm so excited for this. Can't wait to see all those boomers have their net worth cut in half right as they retire. It's gonna be a blood bath.

>>127231146
>We're reaching the point where an entire generation of Americans are not able to afford buying a home. There will be no more market to sell to. It's going to be glorious watching this bubble burst, it'll make 2008 seem quaint.

So what will likely happen anon? I was actually pretty disappointed that the 2008 crash really didn't change much.

>>127231279
Money created by private credit isn't backstopped by the issuer country's "full faith", but by the DEBTER'S capacity of repaying the loan (or in case if a mortgage, the value of the asset)

>>127231394
also in hawaii

as it turns out, owning land in america is appealing

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>>127231146

mfw the delusion ends and reality is laid bare.

>>127231568
THEN THE BANKS SHOULD HAVE FAILED

THEY DIDN'T

CASE CLOSED

>>127226914
Are you kidding or are you that out of touch?

Reminder that leaf hating originated from /int/ from a South African tripfag.

Canada is our buddy we are friends forever.

>>127231146
I know people who are working at real companies making 6 figures who have 2-3 roommates in South Boston. Meanwhile my brother that's nearly the same age is looking for houses in Atlanta.

>>127221970
Is there a derivative where I can short the Canadian housing market? :p

>>127223106
matthew get off 4 chan u fucking piece of shit nigger

>>127225495
Those poor health care workers are screwed

>>127226860
>house is worth 1.5 mil
>think it will keep going up
>in 10 years millennials are still living with crushing debt and automation is killing jobs
>house is now worth 300k

People have the mentally of a bygone era. The pool of potential homebuyers is going to drastically bottom out in the coming years.

>>127231465
A degree is your foot in the door. If you expected that companies would slob on your knob because you got a piece of paper, you'll be sorely disappointed.

Engineering is a cut throat industry. Some companies will coddle you and help you thrive, but you have to understand; there are hundreds of other people with that same piece of paper applying to the same position.

When you have little to nothing that sets you apart from other candidates. We start picking & choosing based on personality. Which you could be on the shit-end of the stick if something benign like the burrito I had put me in a bad mood.

Bring something tangible to the table, and then we can talk.

>>127221970
We cant afford it, I work a trade and only make 2300 a month. Thats like 100 american. After bills and food im left with 200$ for 'spending/ saving' money.

Socalism is the next plan for trudeau. He wants everybody poor.

>>127221970
Housing bubble had been brewing for awhile across Canada, but don't think you guys in burgerland are safe from the same fate, you guys have your own housing bubble which has been brewing as long as ours thanks to those 'foreign buyers' likely all situated in Beijing.

>>127221970

This is what happens when you allow your economy to depend on the money of fly-by-night Chinese millionaires.

>>127227662
It simply has to. There is no way that this is sustainable.

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>>127224035
topkek

>>127231768
>Those poor health care workers are screwed

Maybe. Theory is that they are a part of a supercon playing out. the canadian government will have to bail out home capital to save those pensions. it's the perfect crime.

>>127221970
What are Uncle Chang and Uncle Rajkumar going to do when the bubble bursts?

(Hopefully move back to where they came from)

>>127231597
I just want a form of national socialism to kick in so those properties can be bought by American citizens, not by some foreign billionaire who will never live here.

>>127231678
DO YOU HAVE THE IMPRESSION THAT I'M DISAGREEING WITH YOU ON THAT?

>>127221970
>2 million for 900 sq ft is a reasonable price.

not even the best center of Rome features prices like that

>>127231386
Yep. Meanwhile they'll still bring in Temporary Foreign Workers to further undercut the minimum wage job market, and that's BEFORE automation really starts to sink its teeth in.

>>127231146
But that is what they want. Rich people and illegals to do their gardening and be their maids.

and btw vote Democrat

>>127231535
Oh I believe it. I got stuck with a Chinese roommate in college and will never forget coming back to the dorm to see the 5 iPhones, couple iPads and MacBook he went and bought on a whim. He was constantly buying shit like that. Couldn't do his own laundry though.

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>>127231816
>Socalism is the next plan for trudeau. He wants everybody poor.

this man understands it.

>>127231715

You can buy puts on this, betting that the CAD will go down:

https://finance.yahoo.com/quote/FXC?p=FXC

Or you can buy puts on the big banks. CM, in my opinion, is the weakest

https://finance.yahoo.com/quotes/BMO,BNS,CM,RY,TD/view/v1

>>127231485
pushing us further into slavery

>>127231977

They'll find another market to dump their dirty money into, maybe forestry since they've raped their own country and Canada still has vast prestine woodlands to mow down for cardboard

>>127231989
you are saying that the banks make the private debt without the help of the govt

the govt bailed them out, that is a lot of goddamn help

>>127231715
yes the big banks in Canada sell CDO's from MBS.

Its the big short all over again.

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>>127231466
How the fuck do I compete with a billionaire who made his fortune running giant sweatshops in a land with a population 40 times the size of mine, with no worker or environmental protection, when my own government hasn't even bothered to keep TRACK of how much of my country has been bought up by because it's blinded by dollar signs in its eyes and too busy congratulating itself for not being racist?

>>127231347
This guy gets it. If Toronto gets fucked economically its the rest of Canada which is forced to flip the bill. Toronto is Canada's most populated city, its center to much of our tourism, and a giant money sink in terms of infrastructure. It, like the banks, is too big to fail so the provincial and federal government will be forced to bail them out at everybody elses expense

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>>127231535

>>127222570

but $1M for a 900sqft is still way too much

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>>127224760

>it's a win-win for everybody involved.

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To remind you how bubbles work, you could buy this home in canada ---> >>127225666

or, with the same money, you can buy both of these homes in one of the upscale suburbs of Michigan.

>>127232353
This is why they are so despirate to impeach Trump here. It's coming to the US.

Trump is going to tell the banks to fuck off.

>>127232475
Get out now and have cash not in the bank

>>127232353
You're right that bailing out banks was the error.
You seem to be choosing to punish everybody by blaming fiat money itself and not the deflationary response to (((rebalance))) the economy after the bailouts

>>127232475
Reasonably, you don't.

But know your territory. Know your enemy/competition. Pay attention to where they're moving money and follow suit.

>>127232588
I want her to bear my children.

>>127232755
>everybody

You mean the top 10% that would actually be negatively affected BY THE CONSEQUENCES OF THEIR OWN ACTIONS? Most people don't even have a seat at the table.

For the record, I don't hate rich people, I hate corrupt rich people that play the victim card and convince poor people to accept their risk

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>>127221970
Good.

I am 32 and i have been waiting YEARS for the market to collapse so i can buy a house.

But hell we are still gonna hear sop stories about poor boomer who need you to buy their shed for over a million so they can retire in luxury.

>>127233135
Boomers were a mistake.

>>127229794
it'll keep inflating until the 2022 shemitah, be sure to sell all/most of your holdings or set up a good hedge for your portfolio come spring 2022.

>>127222094

Ditto. Hopefully it goes country wide. BC is right behind Ontario at the edge of the cliff. Alberta not far behind.

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>>127230101

So progressive.

>>127233131
I feel the same way. I hold nothing against someone who makes money in the 7+ figure range. They say they deserve those figures because of the responsibility involved running a company. It just seems the responsibility aspect never kicks in. If shit hits they fan, they close ranks, make one of their own a scapegoat, and gently shoo them out the door while giving them a nice severance package and proceed to find another similar position at a different company.

They knew it was China a year ago

http://www.cbc.ca/news/business/cbre-commercial-real-estate-chinese-1.3659847

See this is what pisses me off lately. China sells us fake drugs which kill us, buy our houses and intentionally tank the market, hack our companies to steal blueprints then create a duplicate product that the original company can't compete with, their pollution literally encompasses the world, they are making illegal land grabs like in the south china sea, they poison our food to save a buck, they create drugs like flakka and bathsalts then unleash it around the world, and they subsidize their exports and keep wages and enviromental protections low so nearly no country can compete.

China is SCUM but nobody fucking does anything about them, no sanctions, barely any tariffs, not even condemnation by the companies being ripped off because their terrified of either losing their workforce or the asian market.

We need a war, we need a war NOW. The only way China is going to change is if the communist party in russia were bombed to glass

Canada's housing bubble won't pop until China's bubble economy pops.

>Chinese are scared to put money in banks.
>instead, they pay cash for homes all over the world
>there is no debt since the homes are already paid off
>Chinese banks make all their money on government loans, not mortgage loans
>Unlike US banks, Chinese banks must lend money even if they don't want to.

You'll be waiting a long time for the Canadian housing market to crash.

>>127234091
Always archive sources with a reputation for bad journalism and clickbait. Thank you.

https://archive.is/n7Kwc <- cbc.ca article

https://www.google.ca/amp/business.financialpost.com/news/economy/vanguard-says-bank-of-canada-will-hike-rates-this-year-because-economy-is-better-than-we-think/amp


FUCK THEY''RE DOING IT THIS YEAR.

Interest rates are jumping 0.3% over the next year, and as per an earlier poster (sorry, on my phone), 75% of leaf homeowners default on a 10% mortgage increase. It's happening this year.

Also, (((Vanguard))) wants to raise the rates, despite admitting to a slump in oil prices and stagnating housing.

Confirmed for this year.

>>127233135
>>127233662

you can start taking back the wealth from them if you choose crypto over ((( fiat ))

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If things keep up Canadians really ought to just scuttle the ship. Organize a national day for a bank-run, short the bank's stocks, short the CAD, take all the profits in USD, and then go our separate ways. Canada is clearly no longer a nation as much as it is a playing field.

>>127234130
https://www.youtube.com/watch?v=e8-sMJZTYf0

>>127233131
Deflationary policies protect creditors against debtors. If a lot of private debt was ALLOWED to accumulate (regulation isn't bad, mmkay?), and banks are allowed to become too big to fail (regulation again), and you either tank the economy for everyone or save the banks, you've already allowed banks to inflate away the value of your currency by issuing money (credit) which isn't worth its face value. Your only option then is to match it by printing money and giving it to consumers, instead of QE it into bank reserves, which only pours gasoline in the fire.

>>127234091
China not russia or was I wordfiltered?

>>127231146

>millennials in their late 20s/early 30s are living with multiple roommates to survive

So essentially one could argue housing prices have been propped up, in part, by AirBnB.

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>>127234112
pasta:
Banker here. I see these mortgages every day.
Houses are their investments. They don't want our mutual funds or stocks. They have plenty of that where they come from. What they don't have is security of their money (Chinese government can take it whenever they wish) and true ownership of property (all land is leased for 70 years and the government can take it back then or even before if they choose to do so).

Canadian real estate has been a huge moneymaker for the last 25 years. They use our stable financial system, real estate market, and low interest rates to speculate and make money with their laundered funds from overseas.

They never, ever pay any form of taxes here. Ever. They will abandon their attempts to get a mortgage with a bank if that bank requires an NOA that shows taxes paid to the Canadian government. They will walk across the street to another one of the Big 5 and try again.

All of the money is dirty, none of it is taxed, all of them lie about their income. All documents are falsified and all personal information is concealed. They will purposely only work with Chinese people to get their home. A Chinese Financial Advisor, a Chinese lawyer, a Chinese realtor, and a Chinese appraiser. Everyone is in on it and everyone gets a piece.

No one even thinks about doing things properly or by the book. They will flat out tell you that they do not want to prove income and that they heard from a friend that the bank has a foreigner program where newcomers do not need to prove income. It's real.

There is absolutely no integrity or respect for the laws of this country. The purpose is to make money quickly and easily while avoiding any type of complication that would hinder more money coming in. Saudis can't hold a candle to these people when it comes to materialism.

The Chinese are from a place where theft and corruption are commonplace. This is simply how they operate at all times. China is a kleptocracy and the Chinese are here to steal.

>>127234206
That worked really great for gold back in the day
>oh, you...

>>127234070
at the top it's just networking

money is just being siphoned up the ladder and then spread around

>>127234324
>and banks are allowed to become too big to fail

Here is the root of our difference. It should never get to this point. It doesn't matter to me what the subsequent "fixes" are when the systemic problem was never addressed

>>127234206
Can't pay your bills or feed your family on crypto or fiat yet. or maybe every.

Would be better off putting my money in high risk stocks.

>>127232621
Man, that's cheap. Going to start saving. I could raise that in a couple of years.

>>127234543
crypto is liquid

>>127234324
>Your only option then is to match it by printing money and giving it to consumers
Desu we already tried welfare for the rich, I say give stimulus through UBI a shot, at least we know the new money will go straight into circulation

>>127234091
>See this is what pisses me off lately. China sells us fake drugs which kill us, buy our houses and intentionally tank the market, hack our companies to steal blueprints then create a duplicate product that the original company can't compete with, their pollution literally encompasses the world, they are making illegal land grabs like in the south china sea, they poison our food to save a buck, they create drugs like flakka and bathsalts then unleash it around the world, and they subsidize their exports and keep wages and enviromental protections low so nearly no country can compete.
Dude you sound like a commie!! Free markets bro!
t. ancap faggots

>>127234547
Well, tear up your credit cards then and post proof ITT. Just remember to unionize and demand your share of the increase in productivity as salary increase instead of being distracted by easy (((credit)))

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>>127221970
It took long enough. I guess the Chinese are good for something.

>>127222094
I bought my 3b ranch for $12,000 cash.
It needed a lot of work but I'm in the trades, so I did it all myself. It's so amazing having no debt. If you can swing it, do it.

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>>127222845
>largest mortgage provider in the country goes insolvent, gets $20B from unknown sources at last minute
>market cooling

pick one you fucking idiot

>>127234112
Are you so sure? Who do you think is pumping the buttcoins? Chinese are desperate to get out, anyway they can, after Moody's latest rating.

>>127221970
Herro my ferrow canucks
U want 2 buy crackhouse for $5mirrion?

>>127234675
Yet deflationary, therefore not tracking the increase in economic activity and sending more and more of the value of growth to whoever owns the limited amount of currency

>>127234889
Credit is fine as long as it's reasonable

Giving 22 year-old Sally Vaycay a $20k credit limit is ridiculous but the banks already know that

Same with giving 2.8 GPA Trevone a $100k student loan

There are smart ways to lend money (my grandfather gave out private loans in the 30s and 40s) but the banks don't care

>>127232672

Trump is surrounded by goldman sachs jews.

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>>127225666
>1 400 000$ for this shithole
Leafs, you are gonna get fucked hard.
The summer of the rake is coming.

>>127231816
>Socalism is the next plan for trudeau. He wants everybody poor.

Bingo. The 2019 election is critical to making a start on some kind of recovery. Housing market won't wait that long though. I expect it will crash well before.

>>127231146
Yup. Especially since Obama didn't push to get rid of the high risk loan incentives after bailing out the banks.
It's a situation of the banks didn't learn any lessons and the shit debtors are still getting inordinate leverage for loans they shouldn't get. It's gonna be 2008 all over again, only worse.

Finally can move to America, land of free!

I have saved up 67 dollars and 14 cents. Is enough, yes?

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>>127232621
>or, with the same money, you can buy both of these homes in one of the upscale suburbs of Michigan.

And you'd still have $86.953.55 dollars left over, or $116956.87 for you Canadian folks.

>>127235382
And you think giving credit cards to everyone as a pacifier for being cucked out of your fair share of the value you create is reasonable?
>WEW

>>127234864

Lolbertarians have been thoroughly trounced out of /pol/ havent they?

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>>127224035
this is actually good investment tip when people are desperate you can make good deals

>>127231816

Well good job thats enough to get around.

Im in about the same situation and you won't hear me complaining.

There are lots people way worse off.

>>127235520
Still thinks the debtors are the problem and not the (((creditors)))
>bluepill detected

>>127235256
>Muh gyna gonna crasha any day naw
They still have a huge relatively educated and cheap workforce. Only way to destroy them is thru mass automation at extremely low cost. In the end it's only about money.

>>127235473
>I expect it will crash well before.

The best thing you leafs can do is blame him for it endlessly.

It's not like we all didn't see this shit coming.

>>127234466
>The Chinese are from a place where theft and corruption are commonplace. This is simply how they operate at all times. China is a kleptocracy and the Chinese are here to steal.
Chinese people are fuckin snakes. One time I was at a pawnshop and the Chinese owners told me they would pay X amount for X items, so I go get them and come back and they start offering me 1/4rd of what they said they would. They were in mint condition still in the box but they knew it was 2 days before Christmas so they thought I would buckle. Never again will I trust a chink to hold up their end of a deal.

>>127235842
At what point do the people stop asking themselves "how are we going to pay this all off?" and start asking "who exactly owns this debt and how do they think they're going to collect on it?"

At what point does mass consensus declare it odious?

I hear you can tie an elephant to a tree with a shoestring if you bring it up from birth with a strong rope and slowly make it thinner as it grows.

>>127235842

Yeah republicans/rightwing have bluepills of their own. But democrats/leftwing try to up the bluepill ante by saying the debtors should be bailed out. Dont bail out period.

>>127230101
In Sweden its a 180% AND we have negative interest rates lol.
http://www.ekonomifakta.se/Fakta/Ekonomi/Hushallens-ekonomi/Hushallens-skulder/

>>127228470
The student debt bubble isn't going to "pop" because that debt doesn't get written off when you default, the government simply garnishes any income you may earn. With this debt burden + the oversupply of college graduates pushing wages down you make it impossible to sustain the debt fueled consumption the US economy runs on (about 72% of our GDP). If we continue down this path the growth of government debt truly becomes unsustainable and the dollar will eventually crash

>>127235473
Wynne's already started Basic Income in parts of Ontario, communism is being slowly implemented thanks to our cuck government and the cucks that support this

>>127235676
you shift the goalposts so much I can't even follow your line of reasoning

just state whatever it is you are trying to say so we can stop beating around the bush. I honestly have no idea what your point is by now except you trying to be edgy and secretive

>>127235930
No, they are going to move everything (as in the entire factory) to the next cheapest destination. Let's face it, you are a chink and probably believe that China is the next super pooper just like Indians do.

>>127235473
If it doesn't crash i can Guarantee that the winner is gonna pitch some crazy nonsense to get houses sold for stupidly high prices be it foreign or otherwise.

All these stubborn idiots who think their property is work 10x its actual worth and are just filibustering.

>>127235782
Unfortuantely they have not. Neckbeards from t_d still like to fap to their precious NAP

>>127236273
I'll say it again: if the goal is stimulus, and they're printing new money anyway, I'll take UBI for the poor, who will circulate it immediately, over bailouts for the already wealthy who got a little too greedy, and will only ferret it away and shore up their losses

>>127236273
By the way, communism JUST LETS PEOPLE STARVE, if you paid any attention to the last century

>>127236253
>If we continue down this path the growth of government debt truly becomes unsustainable and the dollar will eventually crash

True, student debt doesn't get written off but the fact that people won't be able to buy shit and support the economy and the dollar crashing is still gonna cause a shitstorm of EPIC proportion.

>>127221970
i own a condo in toronto (bought in 2011 for 202k, could sell now for 400k and and i will be soon to get a house up north) and have friends with their real estate licenses.

so yes, people are in a rush to sell but people are also slow to buy because they're worried. Honestly, no one believes that a 'collapse' is going to happen. We're the biggest city in Canada and essentially a world city, so we have world city prices. So there's that

Even if there is a stagnation or reversal in prices, you're only going to lose if you sell and realize your loss. 5 years after that it'll be back where it was, maybe even sooner.

To all those waiting around thinking you're going to find the golden time to buy, just do it. If shtf, maybe that 400k$ condo will be worth only 450k$ next year instead of 600k$ like we've seen. No government, especially the ontario and federal liberals want to be responsible for any kind of triggering action that will cause people to lose money and therefore lose their support. To the burgers here, just to explain how desperate our provincial (state) liberal government is to gain votes next election (12% approval rating due to extremely high electric bills,) they've negotiated with the utility company to lower our bills for the next ten years, in the form of them taking on debt, which we will then have to repay PLUS INTEREST for another decade or more. That is how desperate the left governments are for people. They're not going to do shit to fuck up the market.

>>127234466
Underrated as hell

>>127237048
>i own a condo in toronto (bought in 2011 for 202k, could sell now for 400k
>To all those waiting around thinking you're going to find the golden time to buy, just do it.

Fuck off. Its easy to tell people to nut up as buy when your selling for double what you paid.

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>>127237048

>>127221970
>Bubbles bursting is bad
Only if you fell for the jew/chink real estate scheme

>>127236862
Socialism and Communism are 2 sides of the same coin, if not on the same face.
Venezuela is going through hell right now thanks to socialism.

What makes you think we're going to avoid that?
The way things are going we'll be them in 20 years.

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>>127237542

compensatory rationalization

>>127237479
yea, over 6 years paying a mortgage. and that was a lot back then for a building in scarborough. heck, some people downtown have their places double in a year. Everyone's gotta start somewhere. I bought mine at 24 years old when I made only 20 bucks an hour with a 7k downpayment. Nut up and get in the market wherever you can.

>>127224945
Why would rents go up? Wouldn't they drop?

>>127237486
wat

>>127236946
Already is.

Hey milia s why aren't you buying cars, getting married, buying houses, going on cacations, having kids?????

What's wrong with them?!?!?

We are fucked until the boomers die then we are going to be even fuckered trying to fix it and the corresponding depression.

>>127238027
most people under 30 now have already given up on home ownership and plan on renting...especially city dwellers that refuse to leave. probably only going to get worse if the housing market goes full depressing. Scarborough condos @650sf can rent for 1600/m now lol

fear of elevators and zoning laws are the only ones responsible for this

>>127221970
Ireland here. Its fun to watch this shit happen after we had it here.

The signs are obvious but people are too busy getting fake rich to open their eyes.

>>127238272
boomers dying also leaves most millenials with nice little nesteggs, which they'll probably blow. That's most of my friends plans. play videogames and exist until their parents die in 20 years and leave em a couple million dollars

>All Hell Breaks Loose In Toronto's House Price Bubble

http://www.zerohedge.com/news/2017-05-26/all-hell-breaks-loose-torontos-house-price-bubble

>>127238027
Chinks keep buying up the market, Vancouver is Toronto on steroids

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Its all a bubble. Our whole society.

Sell every single piece of property you own BEFORE the robot cars and trucks come online. That is the red line.

Screen cap this post.

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>>127225666
HAHAHAHAHAHA thanks for laugh Satan what an absolute dickish shithole of a country

might buy me a cheap Canadian bailout house and then have it shipped to the US

>>127238563
If that's there plan they deserve what's going to happen to them

>>127238563
This is false.

Boomers are not passing on anything.

They sell their houses, blow their nest egg and most live off welfare with a pile of cash under their mattress. Boomers are spending.

https://www.bloomberg.com/news/articles/2017-05-26/two-former-home-capital-brokers-penalized-by-ontario-regulator

no one is going to jail. steal all you want and pay a relatively small fine as a cost of doing business..

https://youtu.be/w0Oz2R0u4VM

Great video by Mike Maloney on this exact subject. Pretty technical but worth a watch. Talks about Canada at 13:04

>>127239242
>he isnt getting an early inheritance so that his parents can avoid tax
lel

>>127239242
they are spenders, yes, but also many of them have fat pensions which allow them to. probably also the last group of people to have such comfy pensions. I constantly get told I'm super lucky to have mine. Truly going to be a terrifying future.

>>127239093

Agree. People don't realize that when the long knives come out, they get cut too.

A lot of the young people like to blame "boomers", because they're an easy target and because they don't remember the 40 years boomers worked to get what they had.

But the same philosophy that attacks the boomers is the same that says "it's unfair that some people have money left to them when others don't".

That's why we're seeing so many dems trying to come up with ways to steal all the boomers money just before they die or just after.

Give it time and they are going to fuck with the trust laws to tax the shit out of it. Then, not only will the millennials not get their parents money, they will have no one to blame but themselves.

>>127239242
>but The Fonz told me that I could have it all if I take out a home equity loan!
>what's there to lose, it's not like I'll be around to pay the debt!

The best part of the flat earth meme is that it still requires gravity.

>>127221970
It's literally nothing. Housing will only be slightly less unaffordable.

>>127239609
>they don't remember the 40 years boomers worked to get what they had.

WRONG

It is not the same world. No boomer had to take out $100k in student loan debts when they were 18 years old

>>127239775
*firm handshake and a factory job with benefits and pension out of highschool retiring at 50 supporting a nuclear family single household intensifies*

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>>127239945
look that manager dead in the eye and tell him you're the man for the job.

>>127224760
Refugees are really being imported because counties are debt saturates. Refugees are blank slates and debt free. They can take on debt while most everyone else cant.

>>127239775

1. Neither do the millennials. No one held a gun to their head and told them they had to take student loans. Part of the reason college costs so much is because people were willing to over-pay for their degrees.

2. Boomers didn't have it all rosy either. They had the oil embargo, double digit inflation, a 20% prime rate in the 80's (imagine buying a home then). And a few of them had vietnam.

Did they have it any worse than any generation? No. Every generation has their problems. The boomers didn't have it as bad as their parents; just as millennials don't have it as bad as their parents.

What's different now is that this is the first generation who think they have a right to be rich and happy; and the first who have institutionalized blaming their parents for everything that's wrong in their lives.

>>127225473
Holy shit. Nice.

>>127240261
>No one held a gun to their head and told them they had to take student loans. Part of the reason college costs so much is because people were willing to over-pay for their degrees.

It was literally pounded into their heads from birth that they HAD to go to college. You cannot fault 18 year olds for making a bad financial decision like this when it is perpetuated by the boomers non stop

>just as millennials don't have it as bad as their parents

pre-2008 I would have agreed with you. The world is a fucking house of cards right now and the only people that can protect themselves are those with pre-exisitng wealth (read: boomers).

Yes, not all Millennials are fucked but in comparison to the boomers, they are most certainly more fucked, just from a global hegemonic perspective

>>127226199
That is the true reason refugees are being brought to the west, so they can take on fresh debt. We are propped up on debt and our current population is near saturated. Refugees are nothing but fresh debtors for banks. That is why the government will never stop pushing for more refugees and immigrants

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>>127221970
>In b4 impending UK London crash.

Anyone want a new thread, or are we talked out?

>>127240604
>It was literally pounded into their heads from birth that they HAD to go to college.

yea they pushed that hard here. Becoming an electrician was the best thing I've ever done. I'd off myself if I had heaps of student debt.

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>>127240604

>>127221970
>It's another episode of underage faggots pretending to know anything about the economy
>>127221970

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>>127225480

Maybe the next step is to *give* money, take it even lower, into the otherwise absurd. aka Universal Basic Income maybe?

>>127240261
>didn't have it as bad as their parents..

HEY FUCK YOU BUDDY.

>>127240932

Dude, I'm a boomer. I DO know more about finance than everyone else.

>>127240998
kek'd. At least you're paying your fair share to NATO.

>>127240932

It's another episode of Hans thinking Germany is an example to anyone
>everybody should export and have HUGE trade surpluses
Well genius, who's buying your shit? Surpluses for a country mean deficits for others.

>>127240963
If people get to a point where they need money from the government to stay alive (food/shelter) then they have ultimately lost. They are really just being kept around/alive out of compassion. UBI is a meme.

>>127236251

The bigger the bubble, the harder the BANG

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>>127225666
Oy vey!

>>127226721
I'm gonna buy up all the plots in Joshua Tree and 29 palms I can soon. . . don't tell anyone.