The middle gets crushed

Yeah, I've heard several stories of professional couples who are begging mom and dad for money because they can't make their mortgage payments. If their hours are cut, then they'll be forced to sell. These are households making ~$150,000. Those making less are locked out of owning a house.

Fixed, low rates on debt for the 0.1%. Low supply of housing. Middle class forced to sell because can't pay mortgage. So, rents go up. The top 0.1% gets 5% from T-bills and increasing rent payments from the squeezed middle. Simple and diabolical.


NGMI!?!

If he truly knew himself, he would have made one simple purchase which would have allowed him the luxury of not fucking it all up. 30-year T-bills!

Monthly spending budget for the next 30 years? $4 million. Nice.


The crazy expensive North

The commute part is also depressing. I had a one-time meeting in Toronto many years ago. I took a ride with a colleague. It took us two hours to arrive at the place and we were in a car! The other option was bus-train-subway-bus which would have been closer to three hours!

A person who has an 8-hour workday in Toronto but lives outside still has to burn 12 hours for work every day. If you look at the long run, that's years stuck in the car, bus, train, or subway. So, even living close to Toronto is not economically feasible in many cases.

Anyway, it could be worse:

At least 100 migrants, six properties and several companies are now at the centre of a complex Immigration New Zealand (INZ) probe. [...]

INZ has now provided an early insight into the major investigation, revealing it involved a total of 115 Indian and Bangladeshi nationals living in "overcrowded and unsanitary" conditions across six Auckland homes.

That's 20 slaves workers per house. Assuming that each idiot paid $20,000 for a better life, that's a cool $2.3 million dollars for the scam artists.


Winter is here

This is some serious deflation:

Subway launched a three-inch sandwich in Pakistan, the first time the fast-food chain has launched a mini version globally.

The bite-size sandwich, which appeared on Pakistani menus and social media posts with little fanfare last month, provides “value” to Pakistani customers, a spokesperson for Subway told Bloomberg News on Wednesday. The US-based chain’s main offerings are six-inch and 12-inch sandwiches.

Pro-tip: Switch over to centimeters.


Leftist utopia

I've been reliably informed that opposing cheap labor is totally LAYCISSS!

A tradesman known as “Parrow” who described himself as an “old timer” said he has been going to the Home Depot on Merrick Boulevard in Queens to pick up construction, plumbing and home improvement work for “20 plus years” but is now struggling.

“If you can get the work cheaper you are going to use those guys. You are not going to pay $200 when you can get [for] $40. Anything you give them, they’ll take it.

“I’m an old guy…get the f—k out of here. I’m not taking it.”

Blacks and Hispanics overwhelming vote for Democrats who open the borders for super-cheap labor which has a greater financial impact on Black and Hispanic voters!

Another old timer who has been picking up work from parking lots for four years accused hiring managers and contractors of taking advantage of the undocumented migrants.

According to him, one man offered to pay just $50 for the day to pour concrete.

“I wouldn’t do that for less than $300,” he said.

It's bizarre to see significant numbers of Indians working at service jobs across Ontario. Many are international students. They often work full-time and don't complain about working conditions or not getting overtime pay. I heard of one who worked double shifts -- nearly 20 hours -- without a word. Another issue is that they are not qualified; they are not licensed. I've seen Indian women who work as security guards. They weigh around a 100 pounds. Recently, one of them was attacked by a druggie. She is in the hospital with a fractured skull.

Dishonest employers hire them because they're cheap. Unfortunately, many young Canadians who could gain valuable job experience and extra cash are getting locked out.


Ackman on bonds

A very informative and incisive post by a savvy investor who manages billions of dollars:


Abhi-scam

Selling pipe dreams to ignorant Indians:

A person working full-time in Canada typically earns an average salary of 120,000 CAD per year. The average salary in Canada ranges from 30,200 CAD to 534,000 CAD.

Where is this mythical average salary of a half million dollars in Canada? No wonder the number of Indian students has exploded in Canada. I knew an Indian guy who studied at a university in Ontario and after looking for a job for a year, he decided to leave Canada. He simply couldn't find work in his field. This was twenty years ago!

It's much worse now. A one-bedroom apartment, outside Toronto, rents for $2,000 while a full-time minimum wage job nets you $2,600 per month. Of course, one can break the law and live like a sardine in a can as one of twenty people in a house and save on rent but that's just atrocious and depressing.

Anyway, it was amusing to see the average salaries of the eleven provinces of Canada.


Trudeau's Canada

Rent is too damn high:

Although the pace of increase has come down ever so slightly, the price of rental accommodation in Canada continues to go up, with the average new tenant now being asked to pay $2,117 a month.

In my city, a two-bedroom apartment rented for $800 per month ten years ago. Now, that average rent is approaching $2,400!

Forget about buying a house, just renting is becoming insane:

Kranjec works two jobs yet still spends more than half of her income on rent. Her main job could be done remotely, so she contemplated moving to a part of Ontario with cheaper rent, but quickly realized those options were also limited.

The Liberals imported millions of people in the past few years. The result? Explosion in real estate, spiking rent, and depressed wages.


Must be nice

Yeah, that's a subset of a bizarre societal outlook. It's strange when those who make $5,000 a month look down upon those who can pull the same in a week. They'd rather take a shit salary in an airconditioned office than make bank doing a dirty job.


Democracy in the North

An overwhelming majority of Canadians want to decrease the rate of immigration. Yet, the leaders of the big political parties ignored the issue in the previous election. In fact, Trudeau has increased immigration quotas again and again. Canada now imports 500,000 people, a small city, into the country every year. 


Clown World logic

Yeah, let's continue to suppress wages by increasing labor supply and inflate the real estate market by pumping up the insane demand for housing. Result? Cheap housing!

Even high school students who take economics must be scratching their heads.


The competency crisis continues

Britain’s National Air Traffic Service (NATS) was forced to restrict the flow of aircraft on Monday as it works to address a technical issue, it said, with airlines and airports warning of delays and cancellations.

Is this another benefit of diversity?

Several passengers took to social media to say they were stuck on planes on the tarmac waiting to take off on what is a busy travel day due to Monday’s public holiday in parts of Britain.

One Reuters witness being held on the tarmac at Budapest said their pilot told passengers that they faced an 8-12 hour delay.


TRUST THE SCIENCE!

Hey, the Big Pharma sponsored new shows have reliably informed me that vaccines are super safe and anyone who disagrees loves eating horse paste.

Seriously, it's all about the $$$$. The vaccine schedule in the US is utterly insane. There's something like 70+ shots recommendation for a child. The combined impact on the health of the kids can't be denied.


Holes to the max!

We're soon going to have more planes falling out of the sky.

Boeing has found another significant manufacturing flaw in its 737 Max aircraft and it’s likely to throw a curveball at deliveries of its most popular aircraft.

The company says fuselages from its largest contractor, Spirit AeroSystems, have random extra holes drilled in the rear pressurization bulkhead.

That was tough. I refrained from making bonus holes jokes.


Despair in Canada

After graduating from university, she'll be making only 25% more than minimum wage. Her after-tax monthly pay will be roughly $2,800. If she lived in a basic apartment in Toronto by herself, then her entire income would be consumed by rent. Even if she shared the place with a friend, she would have $1,400 left over for food, utilities, internet, phone, transportation, etc.

After the doubling of prices over the past four years, it's no wonder that she's crying. Salaries and wages won't go up much though, thanks to Prime Minister Zoolander who will be importing over half a million new people every year. In fact, he'll soon be announcing an increase in immigrant quotas to keep wages low as the average young Canadian gets crushed under higher prices.


Blood turns to lard

Wow. That's $70 a day on delivery food! The list includes donuts!?

So far, this year, my DoorDash, UberEats, and all other food deliveries combined equal to $0. I've ordered a few times online and then simply picked up the meal.


Tech "drama"

The sheer volume of mistakes! The insane 4090 results in Cyberpunk should have been a huge red flag. Also, how does a huge organization get the basic specifications like PCIe lanes or L2, L3 cache wrong? Isn't that just a copy and paste job?

What really shocked me was when they used an incompatible graphics cards in their negative review. Nobody from the staff stood up to Linus! He idiotically saved a few hundred bucks but severely tarnished his reputation.


Enjoy your free health care!

The normies are understanding the costs of free health care the hard way:

If you or your loved one has a serious health issue in Canada, then waiting can be lethal. It's better to make an appointment in the US, pay some serious cash, and get immediate results. On average, over 100 Canadians travel to the US every day for hospital visits. So, even when more than 36,000 Canadians are getting treatments outside the country every year, Canada still has artificial shortages of doctors and nurses!


Struggle intensifies

Her comment about classes in the last ten seconds is spot on:

A former colleague of mine bought a house in 2002. The price of the house? $100,000. Her salary at the time? $40,000.

Today, in the same city, the average house price is $1 million. Her salary has merely doubled.

Couples who make over $200,000 can't get a mortgage for the average-priced house around Toronto. We've already reached the level where multiple families will have to share and own parts of the house or we get multi-generational mortgages where the parents leave the house to be paid off by their children.


You will own nothing!

The average salary is in the toilet and the real estate market stays out of reach:

Immigration Minister Marc Miller is expected to announce Canada’s annual immigration plan later this year, which provides details on the number and categories of newcomers the country will welcome in the next three years. As per the current plan, the country aims to invite 465,000 permanent residents in 2023, 485,000 in 2024 and 500,000 in 2025.

More:

Miller admitted the current economic situation is challenging and said the federal government needs to ensure “people can have a roof over their heads.” But he also said blaming newcomers for those challenges is unfair.

True. It is unfair to blame the immigrants. I blame the reckless whores in politics who have devastated the living standards of the younger generations by artificially restricting the supply of real estate while inflating the demand with their open borders policy.


NGMI

How the hell do half the boomers have less than $60k in their retirement account? They had higher wages and lived through the Internet boom and the epic rise of the FAANG stocks! Looks like it all went to real estate.


The ugly financial reality

No. The average house in my area goes for $1 million which means that I'll have to save, at minimum, $200,000 in 15 years. That's not hard. The main problem is that my income won't be high enough to qualify for a mortgage with only 20% down.

Without multiple jobs, business income or some sweet well-timed investments, it's definitely not going to happen.


Is this the patriarchy?

Add in tax, maintenance, and "upgrades", and that's easily $7 million over three decades for a house! We haven't even added in cars, vacations, and cute pets!


Not understanding Ford

The financial history of the average man is being dirt poor. People recovered from their 100-hour work week during their "free" time. Just over a hundred years ago, the middle class had near-zero access to cars, air conditioners, air planes, television, etc. Only ignorant fools think that their 30-40 weekly hours at the job is the end of the world.


You will own nothing!

Yeah, that's not an outlandish example. $1 million is the price of an average house in my city in Canada. Even tiny, old, creaking, crumbling houses go for over $500,000.


The Anxiety Trip

In the spring, I purchased a new electric Volkswagen ID.4, which has a range of more than 400 kilometres on a full charge, and thought this was the perfect opportunity for a road trip back to B.C. to move the rest of my belongings to Ontario.

From my home in Toronto, I decided on a 15,000-km route.

Not gonna happen.

Being self-employed and able to work remotely meant I didn't have a strict schedule for my trip, but it made me think that most people can't afford to add a day to their journey just to refuel.

Five minutes at a gas station or fifteen hours at your average electrical outlet?

I used to relish the freedom to pick up, grab some gear and head wherever my heart desired. Now, I feel like the car is in charge and I can only go where charging stations allow it.

"The car is in charge". Indeed.


Do you feel neutral?

Despite Canada's ballooning population from the federal government's ramped-up immigration policy, the head of the country's central bank says the impact on inflation is likely neutral.

The Central Bankster conveniently ignores the plight of the average person by looking at the overall picture. To my surprise, the article goes on to describe the competing forces:

On one hand, increased immigration adds to Canada's worker pool and is helping to ease some of the pressures on wages and operational constraints, Macklem says.

On the other hand, however, having more newcomers means more demand for consumer products and housing.

Yeah, Canada imports millions of cheap workers to keep wages low for decades but the costs of goods and especially the real estate prices have exploded. So, net, no inflation! We've reached the stage where a couple making $200,000 a year gets rejected for a mortgage in the biggest city because their combined income is too low!

Most of Canada: depressed wages, can't afford a house, lower chance of marriage and family, birth rates collapsing. Not to mention the enrichment by diversity.

Government solution? MORE IMMIGRATION!


There is no equality

2020: This year’s Women’s Twenty20 World Cup in Australia amassed a global unique audience of 89 million, the International Cricket Council (ICC) has revealed.

2022: The International Cricket Council (ICC) today announced that the ICC Men’s T20 World Cup 2022 saw 6.58 billion video views across all ICC platforms, surpassing the Men’s T20 World Cup 2021 record by 65% and making it the most digitally engaged ICC event ever. [...] From a broadcast perspective, the overall cumulative global dedicated TV audience for Australia 2022 was 1.28 billion.

No matter how you slice it, men's cricket attracts an audience that is an order of magnitude greater than that of women's cricket.

2023:

Going forward winning a World Cup in men's or women's cricket will come with the same prize money. In a massive leg-up for the women's game, the ICC announced equal prize money for both men's and women's events today, following its annual conference in Durban. The decision includes Under-19 World Cups too.

What an absolute fucking joke.


The poor will always be among you

The most stark examples of individual failure are many multi-million dollar lottery winners. A local guy won around $10 million some years ago. He could have been set for life if he limited his daily spending to a $1,000. However, he was interested in burning tens of thousands of dollars every day. He ran out in about three years. Such poor people can literally have millions of dollars handed to them and in a short span they'll be dirt poor again. You, I or society didn't fail them. They are their own worst enemy.


The oppression olympics

Yup. The same happened with racial perks. An American senator was magically "Native American" for many years because of the bonus points in college and university admissions. For all the talk of "White Privilege", the US has seen insane level of colored privilege for decades. Why identify as White when you'll be severely punished for it. Now, the same is happening with LGBTQWTFBBQ. As governments hand out more cash for these "oppressed" and "marginalized" groups, there numbers go exponential.