Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians 'drowning in debt': 47% will borrow to cover costs, survey says

Shazam · 11-05-2019, 09:33 AM

Yeesh.

Here's things to understand:

It's expensive to own property. You have to save and sacrifice to own property. You have to have a good job. You might need a mate with a good job. It has always been like this. Yeah hey back in the 70s you could buy a place for $30K, but you made $8000/year. And eggs were 50 cents a dozen. Yes kiddies, inflation is a real thing.

And don't feel bad if you rent. Only 63% of Canadians own their place.

Yes post-secondary costs money. Yes you should get all the financial help you can. This is not the time to expect rugged self-sufficiency. Yes you might end up with some student loans. I ended up with $18K in loans, I paid it off in 5 years. This was before the litany of tax credits for tuition BTW. Whatever. It will still be a great financial decision on your part. Just take something that has a chance of you getting a job.

11-05-2019, 09:33 AM	#969
Shazam Franchise Player Join Date: Aug 2005 Location: Memento Mori Exp:	Yeesh. Here's things to understand: It's expensive to own property. You have to save and sacrifice to own property. You have to have a good job. You might need a mate with a good job. It has always been like this. Yeah hey back in the 70s you could buy a place for $30K, but you made $8000/year. And eggs were 50 cents a dozen. Yes kiddies, inflation is a real thing. And don't feel bad if you rent. Only 63% of Canadians own their place. Yes post-secondary costs money. Yes you should get all the financial help you can. This is not the time to expect rugged self-sufficiency. Yes you might end up with some student loans. I ended up with $18K in loans, I paid it off in 5 years. This was before the litany of tax credits for tuition BTW. Whatever. It will still be a great financial decision on your part. Just take something that has a chance of you getting a job. __________________ If you don't pass this sig to ten of your friends, you will become an Oilers fan.