How's it Going With the House Hunting, Zoomer Canadians?
(media.scored.co)
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Now compare citizens to foreigners.
It must have gotten even worse since 2021.
Yeah. Canada is full of chinese and indians now.
"You've got to pull yourself up by your bootstraps! Back in my day we bid against foreign institutional investors and elders buying 3 homes for their own personal use as well, and we won those bidding wars with our salaries from bagging groceries! You young ones are just lazy and entitled!"
I hear this from my parents sometimes...
Which is funny, because the normal situation in Australia is: parents help out with deposit for first home, and/or grant children easier rent situation in a property they own (both of which are kind of depressing)...
Mine is: parents have holiday house but don't allow me use of it, retain an investment property, but again I don't have use of it, and expect me to make it entirely on my own, lol...
Yeah, it's... "Fun". My grandparents have been actively more helpful than they have, lol. Fuck 'em.
My parents aren't wealthy enough to own multiple properties, neither are my grandparents, I'm going to have to get it all on my own.
Yeah I'm toast lmao
Just hope, like me, that the system collapses at some point, because it simply cannot continue the way it is going (although every time it looks like something might change, like the housing bubble bursting, or the laws changing, it never does)…
Honestly, at this point, while the “Hurr durr, you wouldn’t survive societal collapse” meme is probably true, my life is so… Not where I want it to be, that I almost feel that would be better (for me, if not in general)…
I’m just so damn sick of the current way society is (going), and have been for like a decade. There has to be something better than this…
Although honestly, I do feel like Australia is even worse than the norm, on some of this, so that is at least something…
But yeah, I feel ya dude/dudette. Even with our different backgrounds, the end result is the same.
I barely see a cent of my parents wealth. They’d rather just buy nice shit for themselves, and hoard it while they can.
Which is fine, I suppose. They can pay for their own fucking nursing home, as far as I’m concerned. 👌🏻
Based on what is happening in my own neck of the woods, one problem is that "new homes" are impossible to buy for anyone but Investors and Companies.
Because they are all built as part of a huge development, where they sell the house long before they even build it. Which means no real people are ever going to get in because a regular person doesn't have the money to pay for a house in 5 years, they need one to live in now.
So all "new homes" just go to rich and elites to then be rented back to the locals who never even had a chance to get in.
I work in residential development as a lender so pre-sales is a large part of my job since they're a requirement to do the developments I lend to.
I would say 85% of presales are in fact regular Joes. Only 15% of presales are "investors". Most new developments, besides high-rises aren't on a 5 year timeframe. They're more like ~12 months on average. Most people can afford to wait 12 months before they get into their new house. Still, even on the high-rises, that's still a 24-months timeline NOT 5 years. Even 24-months most people can afford to wait. Some people even prefer waiting. Maybe you put 5% down and then 24-months later you have enough saved for 20% down to complete your purchase. If you've been renting for 10 years, what's another 12-24 months?
I'll default to your actual insider expertise then and admit my observation was likely incorrect for the greater populace.
But I have had numerous suburbs in my area that have had plural year "Sold" signs up on lots that don't even have foundational work done. And thanks to Mexican Work Standards, work on anything (housing or other) takes far longer than it should. Perhaps there is something else at play there, or just them outright lying about it being sold to drive demand. Just where my observation came from.
I will say though, by the time I went in to buy a house I couldn't wait 12 months. Heck I couldn't do 6. Rent prices were rising year by year and if I didn't get into the house now, then I wouldn't be able to save anything as the cost of living outpaced my raises. Perhaps pre-sales are different in that regard.
Yeah, I would say there's something else going on. I probably write 1 new $5m deal a month on average with the occasional $15-30m deal here or there. Most projects I lend to are ~10 units but I've done up to 100. The 100 unit one I did, ALL, and I do mean ALL of them were presold to regular people. The developer actually refused to sell to investors/companies and wanted people who wanted to live there as their main home buy because it was also where the developer was going to live and house his mother too. That's a one-off unique situation but still, I see new developments all the time and most people buying are not investors or companies. Companies typically buy the whole building and usually do the development themselves. Investors do buy from time-to-time, sometimes in hot markets and don't even intend to buy the house, they're just looking to flip the presale...
Anyway, I think your specific situation has some unique reasons for why it happened to be that way but it's not normally only investors buying. Still, a lot of people buying houses are buying a second home or a rental too as you can see from the numbers above so it happens but it's not usually any sort of sophisticated super-rich scheme. A lot of people buying rental properties are just people like your mom or dad deciding to buy a second property for their retirement. They aren't super rich by any stretch.
I think your situation regarding "can't wait" is unique also. Lots of people are in 12-month leases and can often negotiate month-to-month... so if they pre-buy a property, they don't need to worry about rent going up because they're in a lease. By the time the lease is up their house is ready or maybe they go month-to-month a few months or have to break a little early.
I think you're looking at this a little too "investor-like" yourself. Lots of people buying these new developments want the house in that area and want something new. They'd rather pay a little more in rent for a year to wait for their dream-home rather than buy something they don't really want because they care to save some money in rent.
Also, a lot of the people buying these presales are upgrading homes. They bought something cheap before and are looking to buy their forever home. They can wait for their forever home as long as it's exactly what they want.
Man I've been through a lot of rentals in my life and not once was there a "negotiation", ha. There was a lot of "if you don't I got 5 others waiting" though. And at the end of that lease there was usually a "cost of living increase, keeping up with the average" increase to rent. Which then followed with the prior "if you don't, fuck if I care I got 10 others desperate." And a hearty laugh in your face if you ask for "month by month."
Many of which came from those "mom or dads buying for retirement" who then give it over to a property management company while they live states away. Which I'd almost take a Chinese Firm over, because at least they don't pretend to care and I know the answer to "can we fix this" will be no instead of "we will talk to them." Even the local old man who I rented from once was stuck in a cycle of "city raised taxes and utility costs again, I can't afford this place myself if I don't raise the rent."
And I'm from the poorest area of the country and live in the poor part of a good area of the country now. Nobody I have ever met has ever even come close to a "dream/forever home" or even entertained the idea. They've managed a "can fit all my kids" and a "doubt I'll ever find better" which is impressive and worth being proud of in their own way, but far and away nothing like you describe. "Paying more in rent" would mean just not eating.
So I think our disconnect comes from being on the complete opposite ends of the spectrum of class.
As fun as it is to take jabs at the Canadians (and they very often deserve it), it's not like 'Mericans such as myself are faring much better. Don't get me wrong, I'm very thankful not to live in Canadia...but at the rate things are going me owning a house is similarly a longshot, unfortunately.
Also, in our current systems, even "owning" a house amounts to renting it from the government.
Man, the juxtaposition between people's understanding of founding documents, and what America was actually founded on, are ridiculously depressing.
Government works for us, and documents like the Declaration of Independence essentially say we should kill the government if we decide they're not working for us. It was unimaginably based...but all hinges on peoples' perspectives, which have sadly largely been captured.
I'm so content to stand in line
Wait and see, pass the time
Talk a streak, fall asleep
Wake up late, whine and weep
I kiss the hand that slaps me senseless
I'm so accepting, I am so defenseless
I am far too Canadian
I am far too Canadian
I pick the bones of what's been done
Now lick them clean with a cautious tongue
In dim lit rooms, I spill my guts
I'm the revolution when the doors are shut
I'd bite the hand that slaps me senseless
But my patience it is too relentless
I am far too Canadian
I am far too Canadian
I am the face of my country
Expressionless and small
Weak at the knees, shaking badly
Can't straighten up at all
I watch the spine of my country bend and break
I'm in a sorry state
I scratch the walls to mark the days
With my coup de tête, I am locked away
With Mother Jones, pots of tea
The kitchen poster, anarchy
I never march in demonstrations
I hold my breath for arbitration
I am far too Canadian
I am far too Canadian
I am the face of my country
Expressionless and small
Weak at the knees, shaking badly
Can't straighten up at all
I watch the spine of my country bend and break
I'm in a sorry state
Won't you welcome to the sorry state
-John Fraser Mann
America is a crumbling empire. All of its vassals will begin facing collapse unless they can begin to free themselves from it.
It won’t make any difference for the vassal states to rid themselves of the American empire unless they simultaneously rid themselves of America’s puppet masters. The puppet masters will simply rule them directly.
Conservatives might even make things worse. They're coming up with very macro-level policies to try to solve things that may just end up fucking up the planning of cities and end up fucking cities up. I don't want to begin to explain but some areas in Canada truly can't sustain more people because there's no room and the cost to expand is just too high for the services that would be needed to grow the city. The conservatives want to force these cities to grow which is just going to end up bringing in immigrants to good white cities and clog up the roads and overstrain the services. They're just going to make things worse.
fuck the cities
I'm not talking about the Torontos... I'm talking much smaller. How many towns in the mountains can just build more roads in the mountains to sustain a higher population? Sure, maybe Sask or Alberta can cause it's flat but then you find out the natives own most of the land near the city so where do landfills go? The natives want too much money to build on their land.
My personal barometer is the repealing of the latest Trudeau gun legislation. Pollievre specifically said he'd repeal it, so when he doesn't I know for a fact that he's paid for.
I'm Canadian, can confirm the conservative party is 100% cucked but not trad in the slightest. There's an alternative party called the PPC that's less cucked but they won't win much of anything. The conservatives are guaranteed to win a strong majority though so Trudeau is a gonner at least.
Canada will probably be dismantled as Quebec is likely to separate and might actually become the whitest nation of North America. They have their own immigration rules which limits immigrants a bit. Another thing is they're enforcing French hard and ban mudslimes from wearing garbage bags and turbans in the public sector. They also have laws restricting the Chinese from buying all the farm lands unlike the rest of the country. Quebeckers like their culture and are pretty racists too which helps. Sadly, they also have groups pushing diversity, especially in Montreal which is filled with fags, niggers and Muhammeds. No surprise there, it's ground zero for SBI after all.. The anglophone population across the province are also mostly woke scum pushers. Anyways, it's not perfect but it's one of the few bastion of hope in the west.. which is a very funny thing to say but here we are...
Nothing "trad" about our conservatives, just cuck. Cut from very much the same cloth as yours, really. Status quo liberals instead of progressive "liberals" is all. Best we get in Canada is a Fresh Prince enjoyer who gets smeared as a nazi, as usual.
Who the fuck makes a graph where the distance between 2016 and 17 is the same as 17 and 19? What happened to 2018?
The 'Century Initiative' is unstoppable. All major political factions in Canuckstan have signed on to mass immigration for the century. All the things that you're seeing (unaffordable housing, cost of living, inflation, etc.) were foreseeable byproducts of this project. Getting people to take for granted smaller living accommodations is part of this plan.
The immigrant hellscape that is Canuckstan is going to get a lot worse. You're probably going to see a Hong Kong'esque housing situation.
These morons also aren't building any corresponding infrastructure.
No more hospital beds. No interstate highways. No new power plants.
They do sometimes build new schools. But then they immediately close and sell off the local neighbourhood elementary schools to open central ones.
"This is fine, because atleast I can kill myself for free!" - idiot Canadian voters
Hope we can get a no confidence eradication of the crime minister.
Someones gotta pay for all those migrants. Instead of your own mortgage you're paying to house foreigners.
I wonder how many of them really want to buy a house. I don't mean bitch about it, I mean legitimately try with realistic expectations. What I do see is people that insist they couldn't possibly save a down payment, when I can personally see them spending 3x more on total bullshit or careless purchases than I'm willing, and I'm 20 years older and have my own house and other properties in my pocket. Or they refuse to live anywhere that isn't a nearly new mansion. There's a lot on the market right now around here that would provide a decent place to live that are good enough areas to let your kids play outside without getting shot in a drive by.
That's only based on areas I know, which are red state suburbs. Yeah, it's a lot worse than it was, but just at a glance seems to be improving. Prices are falling slowly too, and that's what I think needs to happen. Free government money lending is not the answer. It's also still in a weird spot where it's really a bad deal to buy versus the cost of rent, particularly if you think of it on a monthly payment basis. I have rental property and it's gotten tougher to make money. I'm not a megacorp and answer only to myself, so I've been content scraping just above break even on them lately. If the tenants leave in either of my properties, I likely put them up for sale though. Moreso because I want the cash for something else than rental houses though.
Canada is getting what they deserve. Chickens coming home to roost for the self-righteous virtue signaling faggots.
Truthfully, we should be deporting everyone that immigrated since ~1850s... We don't need the Irish or the Italians here... but to an extent, we kind of already missed that boat.
I think where we can fix things here is to deport all non-Whites. Things truly started to go significantly downhill when both the USA/Canada started allowing non-White immigrants in which was around the 1960s. If we just deport all non-Whites, we can start our society anew.
Also, we should ban immigration entirely. If we want more people in our country, get women back in the household, reliant on men and breeding kids. Let's make things so Patriarchal that women look to A Handmaid's Tale as a better life.
fed