Comments by "D W" (@DW-op7ly) on "Trudeau says housing in Canada must "retain its value"" video.

  1. most of our boomers are cash poor but overpriced house rich
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  2. Yes because most of our boomers are cash poor but overpriced house rich
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  3. most of our boomers are cash poor but overpriced house rich
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  4.  @AAnnie...Iamokay  a few reasons why we kept interest rates low The main ones being to spur on the economy. And since we have been de beat Canadians we have run up 2 trillion in Provincial/Federql debt Low interest rates allowed us to run up that debt without paying huge amounts to service that debt The amount of money we borrowed and printed up helping to juice up our economy It did not create inflation because our economy was actually doing bad As we should be asking why didn’t the economy do any better Considering we are about to to literally pay for that overindulged high standard of living we borrowed and spent to create
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  5. most of our boomers are cash poor but overpriced house rich
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  6. most of our boomers are cash poor but overpriced house rich
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  7.  @cleomenes01  This isn’t just on Trudeau this is in all of us. If you think PP is going to change anything you ain’t going to be happy He will need to borrow and spend and pack in the immigrants We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  8.  Rocksteady246  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  9.  @morimoko  more like 22 years
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  10.  @AAnnie...Iamokay Conservatives won’t change a thing who ever gets in will need to borrow and spend and pack the people in … and I won’t blame them either We have been selfish deadbeats for many upon many upon many decades We just like to blame the other guy when it’s really the person staring all of us back in the mirror that is to blame
    1
  11.  @AAnnie...Iamokay  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  12.  @AAnnie...Iamokay  There are a lot of reasons for our overheated real estate, The main one to me was decades of low interest rates . Pull up a 25 year Chart you will see low/lowering interest rates and the inverse of high/higher home prices This created cheaply borrowed money, and little other investment options other than overheated crypto/stock/real estate markets People tend to forget it wasn’t to long ago we had 2 1/2 channels on TV dedicated to programming 24/7 on how to buy, renovate and then sell a a property Even then it was estimated that 1 million Canadians would be under water with a 100 point hike in rates the Bank Of Canada (BOC) at the start of 2022 Roiled the markets with a 50 basis point hike, the first of its kind/size in 22 years The irony being… these rate hikes wasn’t because someone at the BOC went “Oh hey let’s raise rates we have had overheated real estate for 2 decades” They raised rates because of consumer staples inflation and the supply side issues that caused it (Raising rates wasn’t going to fix that inflation, it was to scare the average consumer into spending less) It was just a byproduct that home prices were predicted to decrease by 38% by 2024 And homeowners up for renewing their mortgages will see a 40% increase in monthly payments by 2025 Now 5.5 million Canadians will be in financial trouble as interest rates have risen 425 basis points since 2022
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  13. most of our boomers are cash poor but overpriced house rich
    1
  14.  @CommonWealthRiches  that’s the point im trying to make we have had 1000 boomers turn 65 each and everyday in Canada that’s been going on since 2011 won’t end for another 4 years by 2036 we will have 11 million seniors. Most of them are cash poor but overpriced rich They can get lines of credit, reverse mortgages or sell those homes as a last resort Not going to happen if real estate is in a free fall On top of that Canada has not naturally replaced itself since 1971 So we are asking our old stock boomers to take a hit on their nest egg home So the people who would be looking to buy a home will be more and more Younger immigrants of colour
    1
  15.  @AAnnie...Iamokay  We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves
    1
  16.  @AAnnie...Iamokay  The mistake the Chinese made was to shutdown too many coal mines and coal powered power plants before they were really ready 👇 China is responsible for 33% of the world’s energy-related CO2 emissions today, but this will reduce to 22% by 2050, a reduction in annual emissions of 8 GtCO2 (three times the size of Europe’s decarbonization over the same period) China’s power mix shifts from 30% renewable today to 88% by 2050 Solar makes up 5% of power generation in China today – this will rise to 38% by 2050 Oil consumption only halves by 2050 from its 2027 peak, while natural gas peaks in the 2030s before returning to today’s levels by mid-century China will further extend its position as the world’s green energy leader with unrivalled build-out and export of renewable technology DNV
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  17. Conservatives won’t change a thing who ever gets in will need to borrow and spend and pack the people in … and I won’t blame them either We have been selfish deadbeats for many upon many upon many decades We just like to blame the other guy when it’s really the person staring all of us back in the mirror that is to blame
    1
  18. Because our Governments Liberal and Conservative and who ever else will get in the future Have to prop up these home prices because most seniors are cash poor but you guessed it over priced house rich
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  19. Conservatives won’t change a thing who ever gets in will need to borrow and spend and pack the people in … and I won’t blame them either We have been selfish deadbeats for many upon many upon many decades We just like to blame the other guy when it’s really the person staring all of us back in the mirror that is to blame
    1