Recent content by krispyk84

Where you getting this stat from? Around 31% of boomers have bachelor degrees or higher, meaning the majority do not. But yet so many have high paying jobs with just a bachelors degree. Prolly got them well past the 60's & 70's. You're generalizing here. If so many millennials want mini...

Ahhh but that's the thing. Boomers call us entitled for wanting more federal intervention, and millennials call boomers selfish for wanting this gravy train to ride high. In the end, a crash is not good for anybody (boomers lose too much home equity, and millennials lose their jobs).

I don't normally care to point fingers at a generation and call them entitled. Every generation has their own unique challenges. I was responding to the overwhelming hypocrisy that I often see when boomers point the finger at us millennials and call us all entitled. No disrespect to what your...

Ex-Montreal Girl, I wasn't trying to single you out, but your anecdotal personal story is not enough to convince me. This day in age, it's almost required to hold more than a post secondary education to get a decent paying job. Arts degrees are worthless unless you're willing to work for next...

I don't understand how boomers don't think they're entitled and had it easy. Boomer entitlement bred the entitled generation. Bring back the days where a high school education can get me a sunshine list level job and a million plus in property value. What sacrifices really? Low education...

In that case, it's investing in your low cost housing for retirement don't you think? Many people view their housing as a very long term investment. It's an investment that you get utility out of, but it's what people use to justify buying more house than they need. I'd imagine a sizeable...

Adjust that chart for inflation, and its way longer. Either way, 12 years is a long time to 'break even' on the largest investment that most people make in their lifetimes. Especially when you factor in the opportunity cost on the investments you could've made.

We're making an assumption that a crash might be quick to bounce. But with 25% of the Canadian population to be 65 years of age or older by the year 2035, we may be in for a very long, drawn out period of economic stagnation. Japan went through it after its boom in the 80's. They had an aging...

The big 6 want nothing to do with them and their book. They think it's worthless

It's not just HCG. Equitable Group is getting slaughtered on the market too. The contagion effect is going to bring to light the questionable lending practices by sub prime lenders throughout the country. There's still a lot of uncertainty hanging over everything. If we were to take everything...

Home Capital Group, an alternative sub prime lender in Canada, took a 65% stock hit today. The Globe and Mail has articles citing that this might be what finally pops the bubble. Hold on for the ride...

There's no denying that there are professional couples that can afford million dollar homes. However, if you take the number of million+ dollar homes out there, there aren't as many professional couples that can service the required mortgage and stay within 30% of their income. The pressure to...

If this is the case, it doesn't necessarily mean that prices will stay high. China has been and continues to be an economic powerhouse, even with the slight downturn recently. A lot of wealth was created and all of these secondary investment properties are just a line on their balance sheet...

You're right. We don't know, and I would love to have some demographic data on the foreign buyers. I would love to know how many are purchasing homes through family members, etc. too. But we may not know until it's too late. As far as the downpayment comment you just made, I read a lot of...

I've been watching this market closely. Just finished reading "When The Bubble Bursts: Surviving the Canadian Real Estate Crash" and it makes some compelling points. I'm a millennial that'll need to look into a real estate purchase fairly soon. What I am noticing amongst my peers is this sense...