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25 years old and deep in debt

Started by CountDeMoney, September 10, 2012, 10:43:12 PM

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crazy canuck

Quote from: HVC on May 15, 2014, 05:02:44 PM
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

Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)


CountDeMoney

Quote from: crazy canuck on May 15, 2014, 05:49:41 PM
Quote from: Ideologue on May 15, 2014, 05:18:13 PM
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

Quote from: crazy canuck on May 15, 2014, 05:49:41 PM
Quote from: Ideologue on May 15, 2014, 05:18:13 PM
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?
"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.

crazy canuck

Quote from: garbon on May 15, 2014, 06:08:18 PM
Quote from: crazy canuck on May 15, 2014, 05:49:41 PM
Quote from: Ideologue on May 15, 2014, 05:18:13 PM
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

"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.

Admiral Yi

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

HVC

Quote from: crazy canuck on May 15, 2014, 05:13:31 PM
Quote from: HVC on May 15, 2014, 05:02:44 PM
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 :P
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.

Barrister

Quote from: crazy canuck on May 15, 2014, 05:13:31 PM
Quote from: HVC on May 15, 2014, 05:02:44 PM
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.
Posts here are my own private opinions.  I do not speak for my employer.


garbon

So they are most indebted since last year's class?
"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.

Valmy

Quote from: garbon on May 16, 2014, 10:47:32 AM
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?
Quote"This is a Russian warship. I propose you lay down arms and surrender to avoid bloodshed & unnecessary victims. Otherwise, you'll be bombed."

Zmiinyi defenders: "Russian warship, go fuck yourself."

Grey Fox

Quote from: HVC on May 15, 2014, 05:02:44 PM
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.
Colonel Caliga is Awesome.

crazy canuck

Quote from: Grey Fox on May 16, 2014, 10:55:02 AM
Quote from: HVC on May 15, 2014, 05:02:44 PM
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.