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When I talk to the younger generation , they are saying prices are very high in Edmonton, as they are looking for there first home . Then I found out they are looking at brand new homes as their first house . I think they need to wake up Most big cities like Edmonton and Calgary have older nabber hoods that were built in the mid 50s on very big lots . These are solid homes that have been up dated and are going for under $ 300. Even the rent in these areas are cheep .
Its there choice I guess . Buying an older house were the monthly mortgage is less than renting it is a no brainer to me . At least you get it back when you move out . |
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My wife has a friend whos husband works for the federal government and he is still at home instead of driving downtown. Working from home should come with a pay decrease. You aren't buying as much fuel, you aren't paying for parking, you're doing less work as described above. I got other comments for this thread about who is at fault but all I will say is that it is MOSTLY the fault of the baby boomer generation for the housing costs/shortage etc. You can't blame people in their 30s for it. |
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Now for your example you are ignoring one of the biggest factors why someone is more likely to succeed or fail. It has nothing to do with left or right or schools. A huge factor is how someone was raised and morals they were taught by their parents. The parenting or lack of has a far bigger impact than schools themselves your story supports this. A child is more likely to succeed when parents put in effort to help teach their kids succeed and often help them prepare for life Odds are from reason your son succeeded is the time and support you invested in him. Now the reality of it is there are far more parents who don’t do this and invest the minimum into their kids. There are many who worked and didn’t invest time even acknowledging their kids education or invested time to encourage hard work. The fact is the young adults with drive and moral are because of the teachings of the parents. So guess what the big factor is with the screwed up ones? It’s not the schools you have proven yourself there is a bigger factor at play I know lots of 20’s 30’s age that are motivated with good attitudes and they out number the lost extreme left views. Some had help to become educated by family others are just out there busting their butts because life didn’t allow the education route or just were not wired for it. But all this doesn’t erase the fact that this world is more difficult to get ahead cost of living wise. It doesn’t change the % of one’s income needed for housing is far greater than it was in the past I have never said owning a home is impossible I said it is far more challenging than it was in the past |
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Probably the first recommendation I give when someone complains about cost in the city |
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Its the kids fault that they were taught this in school? -------------- When I bought my first house in '97, it was 5k cash down on a 140K 5year 5% fixed assumed mortgage, 100 a month city taxes. No agent on either end, just a lawyer to look things over. It was like buying a car. What are the chances a young couple can buy a house today for 25K down without having to qualify for a mortgage? Canada is well on the path where most will own nothing, and be told they are happy. We can talk nuance all we want, but there is really only one reason for the housing crunch, immigration. 98% of Canada's population growth is coming from immigration. It is too much, too fast. Back off the current immigration levels and give our kids a chance. |
High Home Cost
The high housing cost for young people is very simple! The normal cost per square foot on main floor is around $300 in Edmonton, Toronto and also Vancouver. Thus 1200 square feet would be $360,000 for house. A serviced lot few years back was $50,000-$100,000 making home cost at $410,000. in Edmonton.
Why does this same home cost over $1,000,000 in Toronto or Vancouver. It is land cost because of 'Land Speculators". They get $640,000 for same small piece of clay that might cost $50-$100K in Edmonton. Thus our kids can no longer afford a home with 7% mortgage and Land speculators pocket the windfall. |
"Its the kids fault that they were taught this in school?"
No Walking Buffalo, it is not the kids' fault that they were taught this Leftist Agenda in school. But they are the Generation taking over, and now they are the Generation who has felt the consequences of this misguided Agenda. If you read on in my post, you would have to acknowledge, its the Kids' DUTY to change things. Margaret Thatcher said it best: The problem with Socialism is that sooner or later you run out of other people's money to give away. I agree rampant immigration is how population decline is being addressed. Most of the newcomer Canadians are in minimum wage jobs and are not creating the housing shortage (alleged) or causing the increase in prices making housing out of reach of young Adults. However, wages are not keeping pace with the Real Rate of Inflation, and the house prices are a symptom of inflation that has to be acknowledged. So, just increase Wages, right? Problem is that TAXATION has been one of the big drivers of Inflation, from all levels of Government. Young Adults are left with Less and Less after Taxes each and every year, which leaves less disposable income for saving to buy and pay for a house. Why is it that no Young Adult understands that the Government is robbing them of prosperity through ever increasing levels of Taxation? But of course with Government employing so many people and increasing the Public Sector Workforce every day, the money has to come from somewhere and that somewhere is the rest of us including the Young Adults. So the best course of action is to INSIST that the young adults vote Liberal / NDP and tell them in their face that if they thought they had it bad now, just wait to see what your next Socialist Government does to you. Maybe then they will wake up to the mess they are supporting, and then they will understand how it was created. Maybe then the ideology being spread through the Education Curriculum will be addressed, and future Canadians will have a chance at the prosperity that we enjoyed. Drewski |
Might be news and foreign to us, but the cultures that are migrating here, regard multigenerational living together as normal and that includes looking after the seniors in their declining years, not a bad thing.
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Seems like a deal but only government jobs will pay anything. Most other jobs in town only part time and only pay basic minimum wage. Town is run by people who I would never vote for and I would never start a business there because of all the regulations. But tons of immigrants from Calgary and over seas moving here and there is no way they can earn enough to afford one of these mortgages unless they already have money . I agree the more you let in immigrants the more expensive houses are. I also suspect immigrants are getting help from government that normal people dont get because they couuld not afford what they have unless they had deep pockets before they came here. |
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I'm not sure how the cost/shortage of housing is the fault of the boomers (I'm not a boomer)? I don't think that the boomers are the ones that have been offering tens of thousands over and above asking price for the past couple of decades. There have probably been just as many boomers selling their houses and moving into condos, retirement communities and care homes than those who are buying new homes in that time frame. Maybe blame the immigration policies, money laundering through real estate in the GTA and lower mainland, and the instant gratification demographic. |
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Not sure how Boomers are to blame.
Cheap borrowing has had a massive effect on house prices. We had 2 decades of unusually low interest rates and it drives up real estate borrowing. As for the younger people themselves, yes they're in a tight spot with supply and demand of houses. However, the millennial people seem to have grown up with nice things and I'd say they have an expectation of having nice things and living a certain lifestyle. Just go to Earls on any given weeknight. Or have a look at the vehicles people drive, clothes, size of houses, new iPhones, etc. Canadian born people in their 30's don't seem to want for much. It's a mindset that doesn't seem to want to make sacrafices to get ahead. |
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I sold my parents house in 2012 after dad died, agent didn't seem inspired and kept pressuring me to lower the price. Mom needed every penny for her future and was getting anxious, asked me to lower it and I wouldn't. It sold about a month later, when I learned that the agent mom picked was actually representing the her AND the buyer. She's still a working agent in town, saw a sign this week. |
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Congratulations gentlemen. The most difficult job any of us will ever have is being a parent. You should be proud of your kids but you can take a lot of credit. And as for housing, I always believed home ownership is a lifestyle choice. We rented until we were having a baby and then bought our first house. I still think home ownership is a lifestyle decision but I get that your mileage may differ. |
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The speculation Tax changed nothing as the reporting is basically honor system( I had to deal with this over an appointment in the lower mainland). The trick of using a “care taker” has been going on a long time too I doubt the flipping tax will matter as there is always a work around. The funny thing is some of the crooked realtors in the lower mainland will set up everything for you. Yes I personally know a couple crooked realtors in that area through a good friend who has been fixing and flipping houses in the area for the last 20years. |
My goal as a parent is to make my kids annoyed enough with me that they want to leave home, but still have enough fondness for their dear old dad that they'll visit once in a while.
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I wouldn't really say crooked realtors, maybe stupid home buyers. The blame falls squarely on the shoulders of the consumer, nobody has been holding a gun to their heads. Not unlike the "crooked" auto manufacturers and dealerships. Yes vehicle prices have also gone through the roof, however the market has also dictated that trend. When individuals started paying MSRP or higher I can guarantee that it didn't take long for the manufacturers/dealers to take notice, lol. |
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Doubtful, at least any that were born in Berta. I'm curious which demographic you fit into as you're not openly denying culpability but maybe you are, lol. FYI 1968 Alberta Liberal won 4 out of 19 seats, PC got 15 1972 Alberta Liberal won 0 out of 19 seats, PC got 19 1974 Alberta Liberal won 0 out of 19 seats, PC got 19 1980 Alberta Liberal won 0 out of 21 seats, PC got 21 A pretty blue province during PET's reign. |
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