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nobbie48 is funny
According to Stats Canada....
-- the average salary for people between 25 - 34 years old is $47,000
- after-tax your take home is $37,948.00
- which per month is $3,162.00
Let's take Guelph as an example
Rent is ~$1800 - $2000
Internet is ~$50
Tenant insurance is ~$40
Groceries is ~$150 - 200 now unless you want to get fat and obese from junk food
Car payment ??
Car insurance ??
Savings ??
How the heck do you expect people our age to have kids?
Get the country educated.
I don't mean the B.S. M.S and PhD types. Bull S***, More S*** and Piled higher and Deeper s***
I mean reality education. I wish I was wrong but we let the fairy tales from the politicians take root and it's too late to fix it.
Reality education: That hot chick needs an age enhanced photo to show you what she's going to look like when she's 50. The same for that hot car that's going to cost you $100,000 over the next ten years. Your pride and joy will be neither.
Our governments have screwed us into egotism, rightsism and getajobism.
Why are immigrants more likely to start companies than native Canadians?
What happened to the dignity of labour?
Some specifics:
A friend making about $25,000 a year, a school bus driver paid off a 10,000 Visa tab in four years. He borrowed on it to buy a used truck. He shared a three bedroom apartment with two other guys @ $600 a month. He only used the truck when it was necessary, riding is bicycle the rest of the time.
Rent is ~$1800 - $2000......... His was $600
Internet is ~$50.............. They shared
Tenant insurance is ~$40.........have cheap or free furniture and you don't need insurance
Groceries is ~$150 - 200 now unless you want to get fat and obese from junk food
Junk food is expensive and unhealthy. Buy fresh and shop specials. Eat like an immigrant. Rice is nice and meat's a treat.
Car payment ??.......... Covered above if you really need one
Car insurance ??.........If you need it keep your record clean. Playing with the throttle is expensive.
Savings ??
When we bought or present home I took on a $40K mortgage at 13% when I was making about $17,000 a year and my wife was staying home with our daughter.
My wife grocery shopped using coupons, price matching and comparisons. She never bought prepared stuff. We rarely went out for dinners.We paid off the mortgage in eight years.
Then I started my own business and I decided how much I made. It wasn't lucrative but we're OK.
The wrong type of socialism isn't going to destroy Canada because of spending. It's going to destroy Canada because it stops us from thinking. To me, murdering someone who says we have free medicare is justifiable homicide. Think about it.
Socialism should cure problems not band-aid them. Think of how many civil servants we could fire if they actually did their jobs.
Owning a house is a big problem because of narrow minded short vision thinking by the government. At the escalating prices of today one can save for a down payment and work towards an acceptable percentage but the mortgage principle will keep rising. You see a $750,000 place and by the time you have 10% down the place is a million. You save another year and the place is $1.1 million.
We need governments that think outside the box.
What if developers had to make a number of rent-to-own homes?
The price is fixed for ten years, possibly an inflation index, and then the occupant has to buy or accept market value rent.
How about every candidate publishing in writing, when they register, how they are specifically going to fix specific problems? The proposals can be scrutinized and we can get away with the vague weather report answers.
Question #1 for the candidate: How are you going to get people into productive lives and able to fend for themselves?
Sub questions:
Are houses too expensive?
Are wages to low or are workers too uneducated?
How are you going to fix those situations?
If you can't answer the questions you are unqualified for the job so why are you applying?
If you don't know what a wrench is you shouldn't be applying for a job as a mechanic.
Is the answer a reality check?
Is owning a house in a major city as realistic as owning a team of horses in the city?
Attitudes: Pre Lotteries, When I saw something nice and mentioned it to my mother she would say I had to get an education and save my money. Now kids are told they have to win a lottery. Lotteries are a tax on stupidity.
cacoeli.com
financialpost.com
www150.statcan.gc.ca