tag:blogger.com,1999:blog-5936637281134795592.post55625524969334361..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: Bank of Montreal warns about the Boomer TriggerUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5936637281134795592.post-84618234182573064352012-11-02T23:29:57.626-07:002012-11-02T23:29:57.626-07:00people are beginning to smell blood...people are beginning to smell blood...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-24133827991853571022012-11-02T17:58:12.659-07:002012-11-02T17:58:12.659-07:001750K vs 350K
Units and decimal points make the n...1750K vs 350K<br /><br />Units and decimal points make the numbers easier to digest.<br /><br />That difference is staggering. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-50040652281515892752012-11-02T16:28:17.893-07:002012-11-02T16:28:17.893-07:00Being the child of a boomer it really is a fascina...Being the child of a boomer it really is a fascinating discussion. My parents have about 90% of their net worth in Real Estate. They both have solid pensions from working goverment jobs for 30+ years each plus the 10% of their net worth in RRSP's so they are OK. They own about 1.75 M in Real Estate. My wife and I bring in about 140 a year but with her on mat leave it's about 110. It makes no sense at all whatsoever that I could or would buy 1.75 million dollars of Real Estate when fundamentals indicate I should probably own about 350k worth. That's an astronomical shortfall. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-46494150358082174272012-11-02T11:53:26.751-07:002012-11-02T11:53:26.751-07:00I'm dumbfounded by this statement.
“There is ...I'm dumbfounded by this statement.<br /><br />“There is going to be continuing demand for housing as long as we bring in 250,000 immigrants a year,”<br /><br />So this is how you sustain unaffordable housing prices? How many of these immigrants are nanny's and grandparents or non-working spouses? How many have the earnings potential to make the $100k+ a year needed to live in the lower mainland and own a home?JRnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-82370554551475361192012-11-02T11:35:06.819-07:002012-11-02T11:35:06.819-07:00"There may be lots of Boomer kids who would b..."There may be lots of Boomer kids who would be willing to purchase those homes, but where are they going to get the money to buy them?"<br /><br />According to Bob Rennie all this wealth can just be recycled endlessly through vendor financing :)rp1noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-87189147540465208072012-11-02T10:27:59.221-07:002012-11-02T10:27:59.221-07:00“There are enough of them to buy the Boomers’ hous...“There are enough of them to buy the Boomers’ houses.” <br /><br />Indeed, but not at the current price point. Drop the prices down to late 90s early 2000s levels (inflation adjusted for) and maybe the can.<br /><br />This statement is true, but with caveats. Anonymousnoreply@blogger.com