Canadian Households 3rd Most Indebted In The World
Vložit
- čas přidán 20. 08. 2024
- Canadian Households 3rd Most Indebted In The World
Get 3 months FREE from my VPN provider Express VPN: www.expressvpn...
Help support the channel and get access to videos early: / marketmania
You won't hear this on mainstream news outlets like City News, CTV News, CBC News, and Global News. You won't hear real estate agents or mortgage brokers making these comparisons either.
Please sign up for my FREE email list below 👇
forms.gle/W65G...
Get $1000 of IBKR stock (my broker) 👉 ibkr.com/refer...
Referral link to my currency broker Wise 👉 wise.com/invit...
🔴 FREE Spotify podcast - open.spotify.c...
Instagram 👉 / marketmaniaca
Twitter 👉 / marketmaniaca
TikTok 👉 www.tiktok.com...
Oustanding books
Reading Now: amzn.to/3x4bUSO
The Mountain Is YOU: amzn.to/3P1jp2N
Wilful Blindness - amzn.to/3HUdUPF
Canadian Real Estate Bubble - amzn.to/48Zj5K1
More to be added!
Sources
betterdwelling...
betterdwelling...
betterdwelling...
tradingeconomi...
tradingeconomi...
#Debt #Bubble #HousingBubble
Disclaimer: Some of the links in this description & video are affiliate links, which means if you make a purchase through them, I may earn a small commission at no extra cost to you. This helps support the channel and allows me to continue creating content. Thank you for your support!
Canada is the new third world
Jon Flynn Interview: czcams.com/video/vhu2NzTR6jY/video.htmlsi=qq7TSMzQSt3sUngf
Protect your privacy with the fastest VPN and the VPN I use. Affiliate link: www.expressvpn.com/marketmania
So this is where Trudeau will make Canada #1.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
Yes I can believed that, I got victory with her, was so sad after receiving the first pay knowing I invested so low with fear
Our country is in debt
People are in debt
Debt ! !
Paid off my mortgage.
Have no LOC.
Pay my Visa/Mastercard every month.
I must have had better teachers.
Cheers.
@@truthteller6743🎉🎉🎉 . You're a genius
@@truthteller6743
But that's how you as "Debt Free" get devalued/stolen from.... by increasingly and continuously debasing the Loonies you saved to bail out those in DEBT up to their eyeballs buying anything/everything with credit that they will never be able to repay supporting the system ?
Don't get me wrong, assets that hold 'relative' value at any given point in time vis-a-vi the constantly debasing currency are always good..... but make no mistake here, even 5% T-Bills suggest CASH is rapidly losing purchasing power regardless of any posted cpi inflation.
Once CBDC's emerge from necessity..... those who are Debt-Free/Saved will be the worst off relatively speaking.
Country was in debt before we were even born. It's called debt slavery.
The sponsored commercial before your episode is for seniors to take home equity loans.
The banks will own so many homes when the grieving children are expecting to inherit the home
You will own nothing and be happy
Trudeau will not be happy until Canada is #1
The average Canadian household owes nearly 1.8 times their annual income. This debt is insurmountable.
I have no mortgage or credit card debt .. the people who borrowed too much will ruin it for us who can manage our lives.
Most of the debt is in real estate. Lots of rentals cash flow low or negative. This will take 5 years to right its self.
The countries with higher household debt than Canada, Norway and Luxenberg, are extremely rich and can, unlike Canada, can handle the debt.
Norway has a sovereign wealth fund and is generally a very wealthy country. Luxembourg is a small tax haven, not relevant.
Therefore Canada is number one
True about Norway. No national debt, plus a trillion euros in surplus.
Why are Canadians now suddenly vastly outnumbered in overcrowded Canadian cities?
Shouldn’t Canadian homes be owned and occupied by Canadians?
In Post National Canada there’s 30 million Canadians, 14 million homes and 13 million foreigners occupying Canadian homes
What is a Canadian? Half are recent immigrants
@jonesmorales-tu6kq Apparently you’ve never even looked at Canadas Coat of Arms or real flag the Red Ensign.
The answer to your question is on those.
@jonesmorales-tu6kq You misspelled invaders
@@laurafulton7023 I don't care about your flag ... I'm just telling facts . It's not 1970 grandma. Your racist country is gone forever ! You're own your way out
It's not an invasion when you come legally unlike the USA
Its called citzenship through investment and money laundering. If a Canadian citzen goes to the bank and wants to deposit $20,000 cash, they will want you to prove where it came from, may not take it or charge you a fee for depositing cash. If you get a $2 Million transfer from Kiev or Tehran, no problem. Its one of the reasons the market won't crash. The people, companies etc. laundering $30 Billion annually through Canadian real estate don't care if they buy high or if they are getting a deal. They just want to do the laundry and wind with with clean clothes at a Canadian chartered bank.
bubble started early 2000s. adjusted house prices are goin' back to this time.
Canada will be #1 once again - we are always either on top or on the bottom - good job Justin
very soon we will be the poorest in the western world - what a great Government we have 🤣🤣🤣
I’m not alone in dealing with issues that I never thought I would ever have to deal with in my lifetime as a Canadian!
Thinking about the future is depressing in this country
Zero interest rate policy and lax lending standards created this capital misallocation to speculative property investment. Just as bad here in Australia.
not a surprise with houses here costing nearly 2 mill in most cities. parents bought a house for 230k and sold it for nearly 2 mill. they bought the house both making minumum wage in 2008 and now i make more than minumum and i can barely afford to survive
Inflation is the biggest hidden tax.
There is a lot I saw online for sale in Merritt bc for $199,900 , Merritt is the place that flooded recently and has a population under 8000 people. The lot sold in 2003 for 15k . That is an increase of 13 x value in under 21 years
Just one question sir.
Will you _still_ be electing the S.A.M.E three parties come next election?
@@flyinphil42 The last lumber mill in Merritt just closed down. It's not a good time in Merritt.
@@flyinphil42 The last lumber mill in Merritt just closed down. It's not a good time in Merritt.
The muppet boiler room condo flipping market is dead 😂
This crazy debt level is the banks fault.
Most people go into the bank and ask " how much do I qualify for? ". In 2004, that would of been about $250k. Now in 2024, it's $1.25 million. Why?
On our way to #1!!! Let’s go!
Federal government debt
Provincial government debt
Municipal government debt
Personal debt
Corporate debt
Winning!!!! 😂😂😂😂
Home equity line of credits
This Fall and spring/ 25 all hell will brake loose
Debt is slavery. If you don't work 40hrs or more with two salary of atleast 75000$ + you wont make it. Where i live house price 2019 when from 250000$avg to 600000$ avg and salary rise like 4-5$ an hour.
Calgary?
Comments are disappearing...
Toronto in particular has the most donut shops and keeping up with the Joneses than anywhere else in Canada. Everyone here looks rich , however they will screw you over for a nickel. Just an observation from being born and raised here.
I was watching Schiff yesterday, he had some opinions on the last Fed chair meeting. Like why does Powell have to bring down inflation to 2% if it was 8 or 9%. "We have to bring it down to 2%" Why not bring it down to 0% or even deflation @ -1, -2? I mean if we had all that 9% inflation, don't we have to go further down than the 2% target to try and overshoot the high inflation we experienced?
Powell's response, "No. (we never average down high inflation, we only average up if inflation is 1%). We only average up past low inflation, never average down past high inflation. It's always just 2%. Something's missing here. So, in other words, you are still an inflationist?
People shouldnt be allowed to own more than a 1 home when there is a housing crisis. No foreign buyers of residential housing. No rezoning of residential to something else. Canadian homes for canadians.
To enforce that, it costs money, are you willing to fund it?
billionaires row in ny is going through an insane bubble burst right now, i think it's happening
Undeniable
World
Wide
White
Jen
Oh
Side
We must secure the existence of our people and a future for white children.
@@laurafulton7023 I get banned when I say stuff like that, I don't know how you gat away with it.
@@laurafulton7023
What if a brown 🤎 guy asked you out on a date.
Would u say no.
@user-lb8bg6kj9m That’s disgusting!
It’s a sin to race mix
@user-lb8bg6kj9m I’m not defiling my future children’s
beautiful white skin
Canada needs a visit from Gail Vaz-Oxlade!
taxed, mismanaged, and misappropriated into poverty, by deluded, incompetent, unqualified comic book characters.
meanwhile our gold diamonds and oil are being outright looted by resource companies
'Our'? Are you a native?
The bank rates will go up, just you wait and see.
Australia was The most debt people no long ago
That’s an improvement, isn’t it? Weren’t we the most or 2nd most indebted a few months ago? 😂
Yup
There is a 1 and 2????
Don’t worry people our finance minister with no credentials in financing will fix everything 🙄
Everyone’s still paying their mortgages tho. It’s everything else people are not spending there money on. Feel bad for business with. Record stealing and no one buying crap. Who’s to blame? How long can this keep going on? Such bs
Just another example
The more you make the more you spend. Time to investigate how to live more frugally, be more thrifty and learn to live below your means.
Just like our parents and grandparents by example who built up their personal wealth by living this lifestyle.
The Trudeau years are a lost decade, not unlike when his stepfather Pierre was the Prime Minister.
I think it will be more dangerous if my kids were homeless. It’s too bad prices double every 5 years
Heard a car commercial offering interest at 0 %
Where ?
@@BoomBoomBoom2023a gatineau ,quebec ,canada radio station
House of cards or cards of houses?
You in the UK?
Housing prices high now? What will happen when they start lowering interest rates? lol.
Wait until the jobs market start really dropping. Its going to hurt.
time to sell???
Recommended don't try timing the housing trend,,if you in at a low price just stay and live,, if you want to trade houses make sure you have an offer on the next one with conditions your sells before hand or don't do it,,
FJT
How is Trudeau and Freeland still alive is my question?
Lol....
Go for common sense
You all were for the pandemic and all the money and working at home. You all voted for Trudeau.This is what you get.