Quote:
Originally Posted by jg13
Hello, I'm not going to go through the entire thread and I know the majority of CalgaryPuck posters are 45+ in age but 80% of the people I talk to and are within 5 years of my age (33) are all voting conservative without a second thought, myself included.
My question is:
I would like to know why those of you that are above 45 in age or older that own their own homes, think that Mark Carney will benefit us in our 30s over Pierre Polieivere. Pierre has stated he will cut immigration to the point where we're building more homes faster than we allow people into Canada and will allow first time home buyers to purchase their first homes without the 5% GST included in those homes.
The reason for the above question is because of 80% of the people I talk to in my age range (millenial) is because we're concerned about never being able to afford a home and if we're never able to afford a home, it affects many things specifically, like starting a family. From my understanding, Mark Carney wants to increase the Canadian population to 100 million by 2100 which is 800,000 a year when Canada has been known to build 200,000 places of living a year. He has publicly stated this.
If I currently owned a home this would be great for myself as my home would sky rocket in value. Please let me know on this particular issue, why as a millennial this is good for me.
Thank you in advance. Not looking to fight anyone. I want clarity.
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Mark Carney has lead two central banks through two extremely volatile financial crises.
He organized the coordinated purchase and sell off of US treasury bonds with the EU and Japan to stop this trade war in its tracks - Trump now knows Canada can nuke the value of the US dollar whenever we want.
Like it or not, we are at war with the United States, and I’m
Not voting for a wartime leader who has to spend so much time explaining why he’s not like the fool responsible for this whole mess (after spending the last several years doing his best impression of el presitarde)
As for you affording a home, I’m 36 myself, and here’s the deal.
You can afford a home, you just can’t start with a detached house in suburbia. Or at least, that’s really hard.
You have to start with a condo - whatever you can afford. There are many reasons to do this. One, you’re not paying someone else’s mortgage. You have controlled your housing costs for the next 5 years.
Owning your own home also opens up access different credit products at lower rates than a credit card, making it easier for you to absorb unexpected expenses.
When it’s time to sell that place in 3-10 years, you have the down payment for your next place. That could be a townhome, it could be a house, it doesn’t matter - point is, you have to level up.
Whatever advantages our parents had when they bought, the house they started with is not likely to be the house they’re in today.
My parents moved through five houses before they settled where they are - they couldn’t have bought each house without having bought the previous one.
So if you’re thinking you won’t be able to buy because you can’t afford a down payment on an $800 grand house, you’re right. You won’t. But most people can’t, so don’t get yourself down.
You can, however, buy a condo with 5% down for between $2-300k.
Next, put a ring on it.
Not that economics is the only reason to get married, but consider:
However hard it is to save for a home, it’s half as hard if you buddy up.
Beyond that, if he is at all able, the father of your beloved is likely to provide some assistance with the purchase of a first home, because he probably wants his daughter, her husband and his grandchildren to grow up in a nice home in a nice area. Your own family is likely to do the same, because your parents recognize the barriers to entry are different than when they grew up.
What that man won’t do is just buy you someplace to #### his daughter.