IIRC there are only about three soap companies, each with different brands. Different pockets in the same pair of pants.
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Inflation
- Thread starter nobbie48
- Start date
How many people buy much soap anymore? Lots of various detergents and washes but not much that much soap. Now, they may all be under a small group of companies.
I remember seeing this a while back:
Crap, cannot embed
Crap, cannot embed
All natural has always been a scam designed to trick people with little ability to think on their own. Cyanide is all natural, clean, no chemicals added, non-gmo, etc, etc.
Most cleaning products are produced by a few major manufacturers, whether the product is a soap, detergent, shampoo or toothpaste. P&G, Lever and Colgate have tons of different brands. P&G used to believe in every location producing every product but that changed and now their Hamilton operation is a parking lot next to a warehouse.
spitRR's post pretty much sums it up. Ten companies own us.
GTA: Ten suppliers to three grocery chains.
Who wants to start a grocery store?
globalnews.ca
More competition can help keep ‘grocery prices in check,’ report argues - National | Globalnews.ca
Canada's competition watchdog argues that more grocers in the market would make prices more affordable for Canadians after a year that saw food inflation surge.
globalnews.ca
Looks like a Terrible investment 3.6 dollars for every hundred dollars of sales you could make more with a gic and have all the hassles.Who wants to start a grocery store?
More competition can help keep ‘grocery prices in check,’ report argues - National | Globalnews.ca
Canada's competition watchdog argues that more grocers in the market would make prices more affordable for Canadians after a year that saw food inflation surge.
Sent from the future
DownUnder
Well-known member
Yes, but is it gluten free?
DownUnder
Well-known member
They probably write off the other 96.4 and end up with a much nicer chunk of change at the end of the year
I’m getting hammered with each rate rise as I’m smart and went variable last year….
But as more people start renewing over the next year or two…
apple.news
It’s gonna hurt them a lot also. Thankfully my Prime - 1.3% is good for another 4 years.
But as more people start renewing over the next year or two…
‘Prepare for the worst’: Mortgage costs have already soared by 30 per cent — and could continue to increase, experts say — Toronto Star
According to one realtor, the most vulnerable group renewing their mortgages are first-time homebuyers who rushed into the market to take advantage of the low interest rates during the pandemic.
apple.news
It’s gonna hurt them a lot also. Thankfully my Prime - 1.3% is good for another 4 years.
I renew tomorrow. when we first bought out home (14 years ago) our Mortgage was $1247.00 a month (inc. property tax)
Now we are looking at $908.00 every two weeks before property tax, and another 25 years. I have never felt so discouraged.
We're taking a 3 year term and very afraid of what we'll see at the end of those 3 years...
Checking my life insurance, to see if I'm better of dead... LOL
Now we are looking at $908.00 every two weeks before property tax, and another 25 years. I have never felt so discouraged.
We're taking a 3 year term and very afraid of what we'll see at the end of those 3 years...
Checking my life insurance, to see if I'm better of dead... LOL
And this is why tenants and tenants rights groups banging the "affordable housing" and rent control drums need to take some finance classes. You may have been able to rent your house out for $2000 14 years ago (not making much but probably positive cashflow) but now, you need more than $3000 just to break even on cashflow. For anyone that isn't in a paid off dwelling, housing sucks right now. On the upside, although it makes a mess of cashflow, by owning, your net worth is probably climbing by another salary. The trick is surviving the cashflow game to keep that salary going. You aren't going to find something to rent for a hell of a lot less than you are paying for the house. One bed apartments in Barrie are now over 2K a month.
I know it is little consolation, I likely mentioned this before..., in the last 20 years or so I have owned property twice in the past I had a mortgage over 5% (in the fives), one a four year and another a five--plus other terms in the 4% range. The rates right now are not abnormal in a historical context, the ones before 2022 were.
Where I was "lucky" is both times with 5%+ rates was when I was buying.
Where I was "lucky" is both times with 5%+ rates was when I was buying.
My mortgage gal tells me she is looking at 30-40 yr residential mortagages and 60-90yr commercial. Wtf?
The shear number of people taking 25ys to pay off a 25yr mortgage surprised the heck out of me , it’s a different time .
Sent from my iPhone using GTAMotorcycle.com
The shear number of people taking 25ys to pay off a 25yr mortgage surprised the heck out of me , it’s a different time .
Sent from my iPhone using GTAMotorcycle.com
It made some financial sense when the mortgage rate was 2% ish. Of course for many the "extra" money that was not used to accelerate the mortgage did not go into a rainy day fund. Then when the rates pop in the future, less was paid down, and the extra was not sitting around.
I do think of it as a cultural by generation due to the conditions at the time. Generations that thought a 5% rate was great (and paid much more at times) were motivated to pay it down faster by putting extra money on the loan as they were paying more interest each month. The generations that think 5% is high and lived on 2% or less for so long are more likely to carry for the full term and it will take some time for the thinking to change--it is not dynamic.
In the above context, when we bought are car in 2020 I had to give my head a good smack. Four years at 0% or six years at 0% and I could not get my head around a six year loan....
Yeah, I think it will take me 31 years to pay off my 25 year original mortgage..
We have no loan or credit card debt. Mortgage, 1 car payment and normal day to day expenses.
I make over 6 figures (before taxes) and we are not big spenders (Most of my underwear has holes...lol) and don't have kids.
We are concerned about our future and our well being as this will surely dip into any savings we have over the long term.
I can't imagine what a young family is having to go through today, or worse a single mom...
We have no loan or credit card debt. Mortgage, 1 car payment and normal day to day expenses.
I make over 6 figures (before taxes) and we are not big spenders (Most of my underwear has holes...lol) and don't have kids.
We are concerned about our future and our well being as this will surely dip into any savings we have over the long term.
I can't imagine what a young family is having to go through today, or worse a single mom...
Personally I think the next 1-2 years will be very difficult for many of the normal families that FOMO'ed and bought houses at the top.
High value, low rate is all well and good until you have to renew and your payment is now 40-50% more...even AFTER you've been paying down monthly for 5 years.
It's going to be very tough...and these rate rises don't take effect immediately. It's like a slow burn...just keeps going and going, and taking down more of the vegetation as it continues to grow.
It's going to hurt a lot of people, a lot harder than those that didn't buy the largest / most expensive home, and didn't go on an HELOC / LOC spending spree because 'why not? it's free money'.
High value, low rate is all well and good until you have to renew and your payment is now 40-50% more...even AFTER you've been paying down monthly for 5 years.
It's going to be very tough...and these rate rises don't take effect immediately. It's like a slow burn...just keeps going and going, and taking down more of the vegetation as it continues to grow.
It's going to hurt a lot of people, a lot harder than those that didn't buy the largest / most expensive home, and didn't go on an HELOC / LOC spending spree because 'why not? it's free money'.
We are supposed to renew in 2 years I will be paying in full of rates are still above 3. I have had rates of 7.5 before but on a 100000 House.
Sent from the future
And thats the big difference now. Sure we had really high rates but they were applied to a much smaller loan. Mortgage interest as a percentage of take home pay will set records for the foreseeable future.
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