25 years old and deep in debt

[crazy canuck]

Could you afford a home in and around a major Canadian city on 34k back in the  80's? Because you sure as hell can't now.

And yet more millenials have mortgages which implies that more of them own homes -  "The number of millennials who have a mortgage, at 85.6 per cent, is also higher than those in the same age group, at 79.2 per cent, in 1984".

[Ideologue]

Nationalize Canada.

[crazy canuck]

Nationalize Canada.

I think you meant you should emulate Canada.

[CountDeMoney]

Nationalize Canada.

I think you meant you should emulate Canada.

No, we'll need most of it as the new North American breadbasket in a few decades.  Should go get it now while we can.

[garbon]

Nationalize Canada.

I think you meant you should emulate Canada.

So step 1 - Radically reduce our population and settle everyone remaining along the border with Canada?

[crazy canuck]

Nationalize Canada.

I think you meant you should emulate Canada.

So step 1 - Radically reduce our population and settle everyone remaining along the border with Canada?

If we had your population, universities and wealth I think we would do a lot better.  I recommend the following:

Step 1 - Create a single payor health system.  You will save money and you will be amazed at how much better people will feel and how much more productive they will be when they dont have to worry about whether they will get medical care or whether they will get screwed by an insurer.

Step 2 - Get rid of stupid drug laws are at least have police departements that dont enforce stupid drug laws.

Step 3 - Create labour laws that actually protect labourers.

Step 4 - Well, I dont think you are really going to get past step 1 so what is the point?

[garbon]

[Admiral Yi]

Step 4: discover large amounts of natural resources relative to population during a commodity boom.

[HVC]

Could you afford a home in and around a major Canadian city on 34k back in the  80's? Because you sure as hell can't now.

And yet more millenials have mortgages which implies that more of them own homes -  "The number of millennials who have a mortgage, at 85.6 per cent, is also higher than those in the same age group, at 79.2 per cent, in 1984".

they live a 2 hour commute away

[Barrister]

Could you afford a home in and around a major Canadian city on 34k back in the  80's? Because you sure as hell can't now.

And yet more millenials have mortgages which implies that more of them own homes -  "The number of millennials who have a mortgage, at 85.6 per cent, is also higher than those in the same age group, at 79.2 per cent, in 1984".

Except those record rates of mortgages means record high levels of household debt.

I don't think anyone should be emulating Canada.

[Phillip V]

Congratulations to Class of 2014, the Most Indebted Ever

http://blogs.wsj.com/numbersguy/congatulations-to-class-of-2014-the-most-indebted-ever-1368/

[garbon]

So they are most indebted since last year's class?

[Valmy]

So they are most indebted since last year's class?

Right, when was the last time we did not have the most indebted class graduating?

[Grey Fox]

Could you afford a home in and around a major Canadian city on 34k back in the  80's? Because you sure as hell can't now.

Hi.

[crazy canuck]

Could you afford a home in and around a major Canadian city on 34k back in the  80's? Because you sure as hell can't now.

Hi.

Shhh, people dont like us talking about how good things are.