Reer Canada

If you got in the market before 2010 the. You’re good now it’s insane. My aunt bought her home in Toronto for like 67k in 1998 and sold it last year for 4 million. Not joking.
 

Khaem

VIP
More like confounded by your weird incessant obsession with the topic

Innocuous thread prompt: "Hey guys what's your fav food?"

@malab#2 : "But how does that help build Somalia you darn lugo bastos!!!!"

:drakewtf:
Imagine spending all day on sspot arguing with a WOMAN instead of going home and building your country. How does it feel living on the white man's land and leeching off him all your life. Pathetic.
You don't have permission to view the spoiler content. Log in or register now.
 

Juke

Asagu/Asaga
VIP
Imagine spending all day on sspot arguing with a WOMAN instead of going home and building your country. How does it feel living on the white man's land and leeching off him all your life. Pathetic.
You don't have permission to view the spoiler content. Log in or register now.
Walle worst of all I can never see Giga Queen Jessica Alba the same :snoop:
 
this just the average joe mindset lol. If u REALLLY want to own a house you can. Get side hustles? If u are smart with your economy and watch what u spend and find a way to beat the inflation and tax u can in next 5 years lol
 
Fair but this shouldn't be a norm for a first world nation like Canada, the housing crisis are becoming more ridiculous over time. Working class people shouldn't spend years of suffering and cutting off their basic needs just to afford a home. I am curious though what even made these prices go up ?
inflation and government interest
 

AbrahamFreedom

🇨🇦🇷🇺
Staff Member
Fair but this shouldn't be a norm for a first world nation like Canada, the housing crisis are becoming more ridiculous over time. Working class people shouldn't spend years of suffering and cutting off their basic needs just to afford a home. I am curious though what even made these prices go up ?

Punjabi Sikhs moving to certain places in droves and living 10 to a home, with landlords charging $1000 per bedroom. Low supply of homes relative to immigration numbers. 1 million total new foreign residents last year.
 
In every decade, a recession is guaranteed in North America. That is because the Central Bank of Canada and Federal Reserve of USA raise the interest rate in order to clamp down skyrocketing inflation. When the interest rate is raised, borrowing slows down. This causes many institutions to stop expansions. Layoffs follow, and many people lose their houses as they're unable to pay for their mortgages.

Well, in such environment, if you saved good money, it is the best time to buy your home for those homes people foreclosed. It is better to go for the houses which are in bad shape inside but foundations are still intact. You negotiate with the bank and make sure you buy them the cheapest price you can possibly can. You then hire a handy man to gradually fix them up. I know Somali men and women who made fortunes in such homes.
 

Trending

Latest posts

Top