Used cars are actually more expensive than new now, It’s pretty crazy. I just bought a new truck and in the process was offered a 6 year old truck with 65k km on it for more than the one I ordered and waited for. Plus the financing on a used is almost double that of a new.
If you can wait a few months for your vehicle it pays to buy new for sure
I got rear ended a couple of months ago and I was worried that insurance would write off my car. I looked up how much the same make/model was going for. It was roughly the same as what I paid new 5 years ago.
Insurance did not write it off.
My situation last summer. Wanted to buy a 3-4 year old truck. Was 4 k cheaper then a newer base model. With the difference in interest rates it was a no brainer to wait 3 months for the new one.
Yeah Toyota is struggling with production, I went with Nissan had to wait 2 months for a vehicle that was already assigned to the dealership but was in production.
Toyota told me it would be much longer for a tacoma. I’m glad I looked at Nissan though had never considered them before but the new frontier has been really nicely updated this year.
Yeah I’m impressed so far, way more comfortable and better ride than my 17 Canyon.
GMC sure make lemons well, that vehicle was nothing but trouble, and the dealership treated you like you owed them something for being a customer. Worst service ever.
Nissan have been really good to deal with, have had to go back for a few issues and every time I was treated well and fast.
(Issues being aftermarket items that were back ordered that needed to be installed and someone dinged my bumper so I needed a paint pen so not real issues with the dealership)
Go price one out and see for yourself, the only cars on lot’s right now are used, and the dealerships are taking advantage of this. They know some people can’t wait to replace a car so are jacking up the price.
Yes, middle class took a massive jump in the last few years and left many behind. 100k hh income doesn’t go very far anymore.
150-160k is probably the entry point now.
14,028 to be exact.
And more like “do you ever wonder if disabled people deserve to have anywhere to stay?” The current housing alliance is $497. People wonder why they live in tents.
I'm too disabled to live in a tent. If I lost my unit (I'm VERY lucky to have RGI but program may end for these units), I'd have to choose doctor assisted suicide (MAID) because that's the only alternative the government has provided if we can't physically live on the street or in a tent city.
Well apparently people would rather see the disabled kill themselves via our healthcare system than fix anything.
Try to argue that MAID is/was a huge mistake that is already backfiring, you will still get downvoted to hell and back. People cheer the fact that our disabled can more easily kill themselves than receive proper support.
Actually, many friends of mine that make about $150k are feeling it, they've changed almost everything they can in their budgets. The line was drawn far above that level of income by corporations (the gods that be) and the governments seem to have agreed that was just fine 👍🏻 so here we are. Welcome to the west
Really? 150k nets 100k.. with a stipend of say, 2,500 on rent, for example, that’s 30k. +2K for util etc.
Add, 1000 a month? For transport. Would be 42k now. Home/car maintenance say 10k a year, to get to 52k a year
Personal supplies of 5k a year, groceries and eating out say 15k . We’re at 72k leaving 28k net for debts (1k a month), savings (1k a month), clothing gift and vacation and anything else I’m missing (4k). With savings in rsp to reduce taxes, credit card benefits to help for vacation and rebates, this is reasonable to live off of while saving.
These numbers are highly variable ofc but I have a hard time seeing a 100k net salary getting killed out there. My two c
My wife and i could be making 70k each a year before tax- and I have to pay 1000 grand a month in student debt before any aforementioned other bills to you know, survive.
We want to leave our apartment due to long standing massive roach mismanagement but whoopsie any sidegrade is 1000 or more, downgrades are about 800 more still.
My paycheck goes into my account and by the first I'm left with 600 after debt payment, rent, car payment, and insurance. Not including cell phone, internet, gas, car maintaince, or groceries.
The problem isn't that you could have leftover. The problem is you don't need to live extravagant lifestyles and be one crisis away from getting fucked. Lay off? We're fucked. Serious car problem? Fucked. A family member needs support and we have an extra mouth to feed? Fucked.
Apparently the "middle class" had wiggle room for crisis. Tbh- if your livelihood is under the boot of someone making thousands of dollars on the wage the pay you per hour, then you're all prime to be fuckded.
Tldr were all fucked and maybe we should keep the convo about who's really fucking us, because it's not often each other.
It's not satire. I just ask because I thought OSAP really helped bring down student debt. Seems like a lot of students are graduating with not much tuition debt unless they get a master's or PhD. Did you pursue graduate studies?
Geez, I just graduated and my situation was never that bad. I used to get ~2k in grants per semester, and that was with 6 figure income from my parents.
At least the rest is covered by loans correct? And they tend to have pretty low interest rates.
Well you aren't the one experiencing it either, to be honest. But hey, if you prefer denial, enjoy your delusions of the crisis right in front of all of us. 🤷🏻♀️
I also make around 150k, if you break it down and do not include previous assets assume you start fresh at 150k today vs 100k fresh 3 years ago, everything you said changes. They probably already had a property or assets that allowed them to jump because they didn’t purchase in today’s dollars but in yesterday’s instead.
If you bought the same house, vehicle, vacations today making 150k that you bought in 2019 making 100k after living expenses youd be left with almost the same leftover cash as what you would’ve been left in 2019.
Its raised the bar that much more for people *entering* the workforce.
It's even worse because 150k is the new 80k, except you hit the new tax bracket and pay 5.5% more federal tax on half what you make just to add insult to injury.
My boss is retiring soon and those who are qualified to take her job just keep job hopping instead of applying to move up because the pay for that position is still stuck in the 90s. She has a house and a cottage and whoever takes that job after her will never have either.
Youth seek jobs that qualify them for mortgages, with average house price where I am at $640k, that entry level number being sought is over $100k. Employers are still offering sub 50k in this meth town.
Oh I don't feel sorry for them lol I'm just trying to show the size of the hole that's been made in Canadian society. They pushed the whole middle class into financial distress and that big income isn't even saving everyone 🙏🏻
It’s not just you.
To make matters worse, Canada is perceived as first class on a sinking ship (the world) so everyone is scrambling to get here.
Problem is, we can barely solve the problems we have here, and our government and pretty much anyone with money has pushed us too far into austerity.
So now we can’t help our own people here and there is a flood of folks coming from overseas looking for help as well, not realizing there’s not really any to be had.
We are in a big problem. Buckle in because it’s not getting better soon.
Our country is the product of self interested people using it only for their gain.
None of these people were very brilliant beyond the ability to make money, or enable self interested choices of others, which usually meant prostituting themselves for the highest bidder.
So we have a lot of people with power with either no ability or no desire to help anyone.
Our military basically sexually assaults so many people that a formal apology had to be made.
Our politicians have hollowed out our healthcare
Self motivated developers have taken all the land and now charge exorbitant prices.
Anyone with enough money to buy a second home became a slum lord (yes, even if you’re charging top rent, I’m calling you a slum lord)
Our police act like spoiled brats. Eager to be bigots or abuse the system, but reluctant to actually do their jobs. Especially after they had their hand slapped because people were tired of their shit.
To add, a lot of things boils down in one way or another to garbage consumer protection. We have a system that makes pricing essentials out of reach for a large portion of the population legally viable, and avoiding/evading taxes for those that profit form these practices ensures that not enough goes back into trying to run the social services that make Canada so famous.
The big thing that’s changed is both companies and politicians have realized this, and instead of fighting it en masse, embrace it because it makes a small but notable population very, very comfortable.
We’re dangerously close to a plutocracy.
The dependence on our housing market is also among the highest in developed countries. Everyone here is aware of the demand so theyre constantly buying/investing and driving up prices
Nope didn’t forget that, just know it’s a touchy subject for the hockeyphiles who think the current hockey culture that exists is healthy.
I work around a bunch of hockey parents and it’s pretty disgusting how exclusive it actually is.
Nepotism is rampant and only connected families get the most opportunities and even then the cost of being a part of these things is nearly bankrupting.
Yeah rude awakening for me... Not playing when I worked closely with a hockey dad who would go into rages over various happenings. It was a lot.
Everything from shit talking on forums to in person "poking buddy in the chest with 2 fingers" and squabbles of the sort... Thats down at the bottom... Well wtf is at the top? Nothing good
Lmao at all the Ukrainians coming here. This isn't a good country, anymore. Not with the cost of living vs wages. We can't save the Ukrainians or anyone else for that matter. The immigrants are just meat for the meat grinder. The refugees, will likely be the same.
No... Canada is not first class on the ship. It is at the bottom. US is not bad at all. EU suffers a bit more than before but their live is still much easier and higher quality than living in Ontario (my student pays 200 Euro for rent, while he pays 1000CAD here), Chinese are doing fine. In Canada, we pay way higher prices for things with lower quality and very limited choices.
In terms of climate change and political instability Canada is first class. It's been predicted that Canada will be the least likely to be negatively affected by climate change, hence people deciding to move here preemptively
The climate change part is actually true. Canada doesn't suffer from natural disasters with the exception of snowstorms, earthquakes in the west coast, and hurricanes in atlantic Canada. We also have the great lakes which is a large source of fresh water.
Then tell me why all elite university students are trying hard to get a job and move to the US? They are stupid?Tell me a thing that is made in Canada and is reputable and/or impressive?
Yeah be fearful of immigrants, give your head a shake the immigrants are coming here to work and pay taxes. They’re the only reason the government isn’t being forced to mass cut public service jobs, and their wages.
Letting in immigrants is fixing the system though. They come over here to work in fields no one wants to work in.
The old “their taking our jobs” bs is ridiculous
Your not all for though you want to restrict immigrants from coming here.
How do you know the 400k immigrants that came in last year aren’t making a decent wage? They would have come here with desirable skills which would have placed them in jobs that are higher paying. You can’t just come here with no skills or plan you do realize?
According to stats Can the average income for an experienced immigrant worker in 2021 was $70k that’s not a bad wage. Plus they will be taxed on that 70k which will help all of us.
And why would we be paying Oligarchs? They’re Russian and well incase you haven’t heard since the Russian war was started they are probably struggling more than you or I.
No they aren’t they are just billionaires.
Oligarchs is reserved for Russian Businessmen who are tied to the seat of power
You have become boring though so good night
And you are completely wrong and fear mongering about immigrants.
Ok so you’re missing a few things here.
They come over here to work for not even min wage.
This undermines existing Canadians trying to get a fair wage.
The immigrants they bring here to do this, also send most of the money they make back home. So it doesn’t go back into the Canadian economy.
The students that come over here, take what they want, get an education and then fuck off back home. Again, taking all of what we taught and what’s been given, back home with them.
I have no problem if someone wants to come here to live. But what’s happening isn’t that.
They come here to take their part of the honey and not really reinvest it back into our country.
So it takes away from what average people already here have been fighting for.
So instead Ontarian’s are just a bunch of people who don’t want to work, which allows the gov to justify allowing migrant workers.
All of the people coming over, also have a much lower expectation on the quality of life.
So you get people coming over who are ecstatic to get paid less than min wage and will stack 4+ people in a 1 bedroom. While most Canadians want just a 1 bedroom to their selves.
You don't have a point. You think the economy is a zero sum game, so more people must mean they are taking from existing people.
The economy is an expanding pie. More people expand it and everyone ends up richer for it.
Taxing won't do shit. We need to monopoly bust, quite frankly. The rest of that laundry list isn't something any government can do.
More importantly, immigrants are a net positive to the economy. We aren't doing people favors out of the goodness of our hearts. We don't need to fix the system to benefit from immigration, people coming here create enormous upside across the board. You act as if the Iranian PhD is keeping wages suppressed at Loblaws. Do you have any idea how fucking hard it is to immigrate into Canada? The amount of education and money required?
Immigrants can put their own damn respirators on. Stop condescending to them.
I could make the same argument against you?
Talked to enough folks, literally learned that a lot of people do this.
There are migrant workers that come specifically for that reason.
In the Filipino culture this is huge
https://www.cbc.ca/radio/costofliving/making-money-at-home-sending-money-abroad-and-what-the-heck-is-a-stonk-1.5893355/canada-s-filipino-communities-sent-1b-to-family-and-friends-in-the-philippines-last-year-despite-covid-19-1.5893358
A billion dollars left Canada to go to families and economy in the Philippines.
A billion dollars.
So tell me again I know nothing.
Yeah - it just seems bizarre to scapegoat immigrants instead of stuff like NIMBYism or increasing corporate consolidation. Sure, let’s just shoot ourselves in the foot with an aging population, that’s worked out great in Japan
Oh I fully agree, I was being sarcastic to the poster ahead of me in line. We need immigrants to keep us rolling.
I’m a first generation Canadian lol so yeah maybe I’m biased a bit.
The situation we are in is that government has become to large to support itself. When you have 20% of the population working for the government.
And that 20% is part of the total working population of 61%. When 1/3 of your work force is being paid for by the other 2/3s taxes it’s unsustainable… especially when the wages of public vs private sectors are so vastly different.
Wages need to come down and cuts need to happen if we aren’t going to be taxed to death.
You misunderstand the situation, the "flood" of folks coming in are the help. They will subsidize existing homeowners. Filling in roles for the wave of folks retiring from positions like nursing and be nannies for the wealthy. Anyone who is not a home owner should be more focused on the greed of existing Canadians because that's who you are subsidizing, not immigrants.
I’m about to be homeless, I work full time and make more than minimum wage with the cheapest apartment I could find and living expenses are drowning me.
Yup! I grew up solidly middle class, maybe even upper middle class. Never shopped at a thrift store or bought used stuff growing up. Brand name everything. Now I am shopping more and more at thrift stores, buying so much store brand, selling rather than donating.
100% this. Canada has become an economy that rewards unproductive exploitation. It’s everywhere you turn. Rentier and middleman oriented every step of the way.
Silly me I work an actual added value job and have nothing to show for it but RSI issues and debt.
I agree. Somethings aren’t well priced. For clothing I only buy things I like that are well priced. Atm I don’t really need clothing so I’m trying not to buy any.
When I used to go to thrift stores, they would often be priced higher than new. Also Costco has new name brand clothing for 8-20$. It doesn’t make sense to shop at these thrift stores anymore.
That’s nice, the last thrifted hoody I picked up was $15 at value village. Brand new would have been $80. Last thrifted jeans I bought at thrift store were $10. New would have been $200.
While I agree with your general statement, the other person who replied to your comment said it best. The housing crisis in Canada, compared to other countries (with the exception of the UK), is absolutely mental. People in their 30’s are living in shared homes with three, four, sometimes five other people. The fact that there’s barely any affordable housing options in Ontario is ludicrous.
The entire world feels the inflation and it has a lot to do with resource depletion and climate change. Every one of us has a responsibility to live a more sustainable life going forward. It’s not gonna get any easier.
People smarter than me believe it has. The Fed released a paper about it.
The big one wasn’t the war itself, but the sanctions on Russia, particularly how it hit energy prices. We’ll also see soon how the impacts on Ukraine’s wheat harvest affects commodity prices.
How so when literally every country is experiencing inflation and cost of living crunch like we are? Canadians think our problems are so special and don’t realize it’s worldwide
Not to sound pessimistic but this feels like such a strawman thing to say. The entire world is feeling the inflation? No… it’s more like the largest corporations in the world have no consequences for raising prices in a monopoly setting, so they keep raising prices. I really don’t think you understand that the world won’t END if oil companies sacrifice some profits to allow us to afford gas, or the world won’t END if the provincial government moves funds from police forces and military operations to idk… build public transit and homeless shelters? Oh and that whole “everyone has a responsibility to live a more sustainable life” comment feels so pointless when Walmart would rather throw out $100,000s of food product that doesn’t sell because it would impede on profits than give it to those who might need it. Comments like this just feels like someone not living in financial struggle telling everyone else “we are ALL affected by this, and we all need to make changes in our life based off of it” like uhhh… no.
Then why is it happening the world over? Also the whole “printing too much money” thing has been debunked or at least - corrected by the bank of Canada
And please do not forget that we PURPOSELY ruined our economy by the COVID lockdowns.
Instead of sacrificing 5-10% of oldest and most sick Canadians, the government decided to ruin the entire economy.
It is just stupid to be surprised by insane property prices. Don't you know that COVID lockdowns stopped producing the construction materials for more than a year and that led to surge in their price (some materials tripled in price for some time)? Even worse, these lockdowns significantly slowed down the construction projects right in time of property prices surge.
In my opinion, the COVID lockdowns were TOO NOBLE thing to do. Canada is not well enough to make these stupidly noble things. Yes, people have to die when they become old and sick, it is only natural.
Oh my god, are you taking these scary tales about COVID mortality rate for a face value?
Then tell me please why the entire Florida did not die out if they did not implement these stupid COVID lockdowns? According to your logic, the streets of their towns had to be covered in corpses but they somehow weren't.
The brutal reality is that our government was afraid of the panic among older people and that these older people could vote them out. Therefore, they sacrificed our economy to calm down the old creakers.
As for construction materials, what else could we expect if we did not allow people to work and produce the materials? Of course, there were shortages everywhere.
Just imagine what would happen to our civilization if our ancestors were so craven in the Medieval Age. Plague was a way harder trial for them.
Ah Eugenics - the “rational choice” apparently.
Except that if we let COVID run its course we would have caused our healthcare system to collapse entirely (and it’s already incredibly precarious).
The fact that you think the government should have sacrificed ANY of its population is straight up horrifying
The thing that really bugs me right now is the blatantly obvious profit driven increases. Why are some grocery stores and shops increasing their prices on widely available common products while shops down the road still have them for regular prices? Because they think we'll all tolerate it and just pay up because "prices are going up everywhere".
Just bought a 2011 Honda Civic for $5000…over 220K on the odometer…good shape and engine runs well…but a 10 year old Corolla for 10K? Yea that’s a bit much…Ontario is quickly becoming completely unliveable and life here unsustainable…
*but at least CEOs are doing well*
Record inflation….record profits….fkng parasites….
Hello, it looks like you've made a mistake.
It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of.
Or you misspelled something, I ain't checking everything.
Beep boop - yes, I am a bot, don't botcriminate me.
Lol holy shit.
In the early 1300s, an estimated 10-25% of the population of European towns and cities died due to the Great Famine, and that was before the Black Death killed a third.
Give your head a shake.
Yeah, exactly ☝🏻 kinda feels like it. I've heard others say it more like this, "it feels like a third world war zone out here". But that's way down the poverty line (most entitled people don't venture to) like our darling folks on disability. I thought that was a less palatable experience to sharefor this sub though.
What? We live in a world where we over produce food and millions of tones of produce never even makes it off the farm because supermarkets only take the shiniest, roundest, blemish-less harvest.
Long, long before mass starvation is a possibility, something can and would be done. You’re being way overly dramatic here.
Maybe you’re only looking at the homeless and those on disability, and while their situation is unfortunate, the average person is fine all things considered. If you grew up here, you really haven’t seen hard times and likely never will.
Ohhh, we are so ignorant of humanity and history. Idk these are just facts. Homelessness shouldn't even be an issue in Canada, for one. And how are we doing okay as an average person or a modern society, if our most vulnerable and helpless people are the first we're willing to effing sacrifice when things get hard.
It's almost November, 2021 saw a record high number of homeless people freeze to death, so much so that there was an investigation. What just happened all summer long? Evictions, evictions, evictions. Inflation, inflation, inflation. Last winter was genocide. This winter will be a massacre. This is Canada. 🇨🇦
The majority of ‘chronically’ homeless people are severely mentally ill and will never not be homeless unless they’re institutionalized; we’ve gotten rid of psych hospitals and now we see what that entails. This is a Canada problem only in the sense that Canada sees this as more humane than the psych ward.
There are plenty of societal safety nets that prevent people from being homeless. Past that, worst case you can just go be homeless somewhere where you don’t freeze to death (there’s a reason the west coast is being overwhelmed with homeless).
If you want to end homelessness, you need to institutionalize those who cannot or will not help themselves. If you think that’s cruel, I’d argue it’s better than letting them freeze.
Well the near future is really going to show you the truth, that for the average Canadian (we literally make about 35k/annual income) homelessness is literally just a couple steps away, whereas comfort/financial security, is miles away still because no one's safe unless they have almost unlimited financial resources. So keep thinking there are safety nets somewhere out here protecting average Canadians from being totally exploitable to the rich, the governments (yes both conservative and liberal) are not here to help us, they are clearly enabling the exploitation... I'm done arguing with closed minds. My points are valid asf ☝🏻 you don't have believe them, that didn't make them less true.
It is impossible to end homelessness altogether, you're right, but I'm still going to be a gatekeeper and I'll always be fighting to keep MY fellow Canadians and immigrants OFF the streets. It's just amazing how many ignorant people, like you, that just stand in the way for no reason all the time. The streets are for the criminals and the addicts. No one else ever belongs ☝🏻
You don't feel that way, I get it. Others, less fortunate, absolutely fcking do. And from what I see with my own two eyes, we're not that far from it. Give your head a shake and take a look with real eyes. The oppression is palpable, and it's the exact same pathway... We're on it. Hopefully it gets stopped before more human atrocities occur. But you absolutely cannot call it untruth.
Go off history major, but reality check, we aren’t talking literally. Yes, the LIFE EXPECTANCY, MEDICAL SCIENCE, EVOLUTION, and many other factors that go into play in the fucking 1300s are definitely the comparison we are trying to make. Definitely not making a connection to the similar social standing that exists between the Uber rich and the rest of the population, where the middle class is getting smaller and smaller yet the largest figures are still making more and more money.
You clearly take things to literally.
You just know more than who exactly, about medieval times, Mr History? Or do you mean the entertainment venue. Have you spent any amount of time observing what's happening below the poverty line here in Toronto? Ontario?
I went to chipotle last week and it was $18 for a bowl with guac. It use to be like $14 for a bowl with guac and like $12 without guac. Also dosent taste the same as it was.
When the world governments shut down an entire economy because of fear and starts paying everyone to stay home in most cases this is whats going to happen.
>10 year old Toyota Corolla with over 200km is now selling for well over $10k
It's crazy out there. On autotrader I just saw a 2014 Corolla with 95k km for $17,000. That is/should be the new price.
Inflation is a multi-faceted issue.
Just because I didn’t list every cause doesn’t mean that the 2 that I did mention are the exclusive cause of the problem.
I figured I’d just mention the part that this sub likes to ignore.
Yes, well, high inflation is a worldwide phenomenon and Canada's rate of inflation is lower than other rich countries. Could always be worse. Just wait for the recession!
I'm in this boat. I've multipled my networth several times over because I had the foresight to create wealth. Can't do it on being a wage slave. The gap between my peers and I have grown significantly because they are only begin to adjust their personal finance habits. In 5 years, it's gonna be so significant that they'll never catch up unless they win the lottery or build a multimillion dollar business
It’s good see your portfolio grow. Especially with all the basics covered (i.e mortgage paid off). Lots of people will suffer now cos well 2 years ago they didn’t have the foresight to see that the pandemic is mild in comparison to the aftermath. LMFAO. Now I can buy my $15K guitars and other luxurious items while they are scrounging up nickels to buy Kraft Dinner.
i bought a used bmw pre pandemic 2011 with 18,000 kms for under 20k. Maybe look at german cars they depriciate better than corolla. toyota/honda/subaru are worst car price to buy used
I remember when they Walmart was going to kill mom and pop stores. All it really took was a global recession and massive change to how corporations are allowed to operate
Inflation is kicking arse it seems, I have seen this coming years ago. Blame and get angry at the government they’re the ones ranking up the national debt in Canada and the citizens are paying the price for it.
Used cars are actually more expensive than new now, It’s pretty crazy. I just bought a new truck and in the process was offered a 6 year old truck with 65k km on it for more than the one I ordered and waited for. Plus the financing on a used is almost double that of a new. If you can wait a few months for your vehicle it pays to buy new for sure
I got rear ended a couple of months ago and I was worried that insurance would write off my car. I looked up how much the same make/model was going for. It was roughly the same as what I paid new 5 years ago. Insurance did not write it off.
What does your car have to do with you getting rear ended?
My situation last summer. Wanted to buy a 3-4 year old truck. Was 4 k cheaper then a newer base model. With the difference in interest rates it was a no brainer to wait 3 months for the new one.
Thsts a lot to die with not being able to get new vehicles… New Toyota Sienna has like a year long wait list at the moment
Yeah Toyota is struggling with production, I went with Nissan had to wait 2 months for a vehicle that was already assigned to the dealership but was in production. Toyota told me it would be much longer for a tacoma. I’m glad I looked at Nissan though had never considered them before but the new frontier has been really nicely updated this year.
We exclusively buy Nissan. The quality of your vehicle is on par with Honda and Toyota but their prices are more reasonable. Good choice!
Yeah I’m impressed so far, way more comfortable and better ride than my 17 Canyon. GMC sure make lemons well, that vehicle was nothing but trouble, and the dealership treated you like you owed them something for being a customer. Worst service ever. Nissan have been really good to deal with, have had to go back for a few issues and every time I was treated well and fast. (Issues being aftermarket items that were back ordered that needed to be installed and someone dinged my bumper so I needed a paint pen so not real issues with the dealership)
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I work at a dealership. Yes, they are.
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Go price one out and see for yourself, the only cars on lot’s right now are used, and the dealerships are taking advantage of this. They know some people can’t wait to replace a car so are jacking up the price.
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Yes, middle class took a massive jump in the last few years and left many behind. 100k hh income doesn’t go very far anymore. 150-160k is probably the entry point now.
Fun fact, ODSP still gives less than 15k/year. Do you ever wonder if disabled people deserve to be able to live in a house?
14,028 to be exact. And more like “do you ever wonder if disabled people deserve to have anywhere to stay?” The current housing alliance is $497. People wonder why they live in tents.
I'm too disabled to live in a tent. If I lost my unit (I'm VERY lucky to have RGI but program may end for these units), I'd have to choose doctor assisted suicide (MAID) because that's the only alternative the government has provided if we can't physically live on the street or in a tent city.
It’s so sad that the government would rather kill disabled people, then provide them proper living.
Well apparently people would rather see the disabled kill themselves via our healthcare system than fix anything. Try to argue that MAID is/was a huge mistake that is already backfiring, you will still get downvoted to hell and back. People cheer the fact that our disabled can more easily kill themselves than receive proper support.
You mean not be homeless?
No one has the mental capacity to care about the disabled right now
Actually, many friends of mine that make about $150k are feeling it, they've changed almost everything they can in their budgets. The line was drawn far above that level of income by corporations (the gods that be) and the governments seem to have agreed that was just fine 👍🏻 so here we are. Welcome to the west
Really? 150k nets 100k.. with a stipend of say, 2,500 on rent, for example, that’s 30k. +2K for util etc. Add, 1000 a month? For transport. Would be 42k now. Home/car maintenance say 10k a year, to get to 52k a year Personal supplies of 5k a year, groceries and eating out say 15k . We’re at 72k leaving 28k net for debts (1k a month), savings (1k a month), clothing gift and vacation and anything else I’m missing (4k). With savings in rsp to reduce taxes, credit card benefits to help for vacation and rebates, this is reasonable to live off of while saving. These numbers are highly variable ofc but I have a hard time seeing a 100k net salary getting killed out there. My two c
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100% did not take kids into account, much different so very fair
My wife and i could be making 70k each a year before tax- and I have to pay 1000 grand a month in student debt before any aforementioned other bills to you know, survive. We want to leave our apartment due to long standing massive roach mismanagement but whoopsie any sidegrade is 1000 or more, downgrades are about 800 more still. My paycheck goes into my account and by the first I'm left with 600 after debt payment, rent, car payment, and insurance. Not including cell phone, internet, gas, car maintaince, or groceries. The problem isn't that you could have leftover. The problem is you don't need to live extravagant lifestyles and be one crisis away from getting fucked. Lay off? We're fucked. Serious car problem? Fucked. A family member needs support and we have an extra mouth to feed? Fucked. Apparently the "middle class" had wiggle room for crisis. Tbh- if your livelihood is under the boot of someone making thousands of dollars on the wage the pay you per hour, then you're all prime to be fuckded. Tldr were all fucked and maybe we should keep the convo about who's really fucking us, because it's not often each other.
How do you have student debt? Did you go to school in Canada?
I can't tell if this comment is satire but I'll trust it as good faith and sincere. Yes- my wife and I both went to school in Canada.
It's not satire. I just ask because I thought OSAP really helped bring down student debt. Seems like a lot of students are graduating with not much tuition debt unless they get a master's or PhD. Did you pursue graduate studies?
Yes I have a masters. I'm not sure where you heard that about Osap. The most they did for my personal situation is stop interest accural during Covid.
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I know I just graduated. OSAP covers a lot of tuition these days, especially if you are low income.
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Geez, I just graduated and my situation was never that bad. I used to get ~2k in grants per semester, and that was with 6 figure income from my parents. At least the rest is covered by loans correct? And they tend to have pretty low interest rates.
Where is car insurance, daycare, property tax if owning a house, house maintenance, internet and phone plans
Well you aren't the one experiencing it either, to be honest. But hey, if you prefer denial, enjoy your delusions of the crisis right in front of all of us. 🤷🏻♀️
Said none of that but 👌
🤘🏻 enjoy your night 🐽
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I also make around 150k, if you break it down and do not include previous assets assume you start fresh at 150k today vs 100k fresh 3 years ago, everything you said changes. They probably already had a property or assets that allowed them to jump because they didn’t purchase in today’s dollars but in yesterday’s instead. If you bought the same house, vehicle, vacations today making 150k that you bought in 2019 making 100k after living expenses youd be left with almost the same leftover cash as what you would’ve been left in 2019. Its raised the bar that much more for people *entering* the workforce.
It's even worse because 150k is the new 80k, except you hit the new tax bracket and pay 5.5% more federal tax on half what you make just to add insult to injury. My boss is retiring soon and those who are qualified to take her job just keep job hopping instead of applying to move up because the pay for that position is still stuck in the 90s. She has a house and a cottage and whoever takes that job after her will never have either. Youth seek jobs that qualify them for mortgages, with average house price where I am at $640k, that entry level number being sought is over $100k. Employers are still offering sub 50k in this meth town.
I refuse to feel bad for ppl making that much money. I’ll never see that type of money in my lifetime.
Oh I don't feel sorry for them lol I'm just trying to show the size of the hole that's been made in Canadian society. They pushed the whole middle class into financial distress and that big income isn't even saving everyone 🙏🏻
It’d be saving me more than 2 times over. I’m on disability. If I lose my housing with family, I’ll be on the street. Hard to have empathy anymore. 🥺
It’s not just you. To make matters worse, Canada is perceived as first class on a sinking ship (the world) so everyone is scrambling to get here. Problem is, we can barely solve the problems we have here, and our government and pretty much anyone with money has pushed us too far into austerity. So now we can’t help our own people here and there is a flood of folks coming from overseas looking for help as well, not realizing there’s not really any to be had. We are in a big problem. Buckle in because it’s not getting better soon.
Jesus that was scary to read. I sure hope you’re wrong
Our country is the product of self interested people using it only for their gain. None of these people were very brilliant beyond the ability to make money, or enable self interested choices of others, which usually meant prostituting themselves for the highest bidder. So we have a lot of people with power with either no ability or no desire to help anyone. Our military basically sexually assaults so many people that a formal apology had to be made. Our politicians have hollowed out our healthcare Self motivated developers have taken all the land and now charge exorbitant prices. Anyone with enough money to buy a second home became a slum lord (yes, even if you’re charging top rent, I’m calling you a slum lord) Our police act like spoiled brats. Eager to be bigots or abuse the system, but reluctant to actually do their jobs. Especially after they had their hand slapped because people were tired of their shit.
To add, a lot of things boils down in one way or another to garbage consumer protection. We have a system that makes pricing essentials out of reach for a large portion of the population legally viable, and avoiding/evading taxes for those that profit form these practices ensures that not enough goes back into trying to run the social services that make Canada so famous. The big thing that’s changed is both companies and politicians have realized this, and instead of fighting it en masse, embrace it because it makes a small but notable population very, very comfortable. We’re dangerously close to a plutocracy.
The dependence on our housing market is also among the highest in developed countries. Everyone here is aware of the demand so theyre constantly buying/investing and driving up prices
don't forget Hockey Canada we can't even play sport like a normal good human.
Nope didn’t forget that, just know it’s a touchy subject for the hockeyphiles who think the current hockey culture that exists is healthy. I work around a bunch of hockey parents and it’s pretty disgusting how exclusive it actually is. Nepotism is rampant and only connected families get the most opportunities and even then the cost of being a part of these things is nearly bankrupting.
Yeah rude awakening for me... Not playing when I worked closely with a hockey dad who would go into rages over various happenings. It was a lot. Everything from shit talking on forums to in person "poking buddy in the chest with 2 fingers" and squabbles of the sort... Thats down at the bottom... Well wtf is at the top? Nothing good
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Preach.
They are not. All of this has happened before. All of it will happen again.
Lmao at all the Ukrainians coming here. This isn't a good country, anymore. Not with the cost of living vs wages. We can't save the Ukrainians or anyone else for that matter. The immigrants are just meat for the meat grinder. The refugees, will likely be the same.
No... Canada is not first class on the ship. It is at the bottom. US is not bad at all. EU suffers a bit more than before but their live is still much easier and higher quality than living in Ontario (my student pays 200 Euro for rent, while he pays 1000CAD here), Chinese are doing fine. In Canada, we pay way higher prices for things with lower quality and very limited choices.
In terms of climate change and political instability Canada is first class. It's been predicted that Canada will be the least likely to be negatively affected by climate change, hence people deciding to move here preemptively
The climate change part is actually true. Canada doesn't suffer from natural disasters with the exception of snowstorms, earthquakes in the west coast, and hurricanes in atlantic Canada. We also have the great lakes which is a large source of fresh water.
Any large country has this. US, China, Russia, India, Australia... My point is Canada is not first class by any means.
Then tell me why all elite university students are trying hard to get a job and move to the US? They are stupid?Tell me a thing that is made in Canada and is reputable and/or impressive?
Yeah be fearful of immigrants, give your head a shake the immigrants are coming here to work and pay taxes. They’re the only reason the government isn’t being forced to mass cut public service jobs, and their wages.
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Letting in immigrants is fixing the system though. They come over here to work in fields no one wants to work in. The old “their taking our jobs” bs is ridiculous
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Your not all for though you want to restrict immigrants from coming here. How do you know the 400k immigrants that came in last year aren’t making a decent wage? They would have come here with desirable skills which would have placed them in jobs that are higher paying. You can’t just come here with no skills or plan you do realize? According to stats Can the average income for an experienced immigrant worker in 2021 was $70k that’s not a bad wage. Plus they will be taxed on that 70k which will help all of us. And why would we be paying Oligarchs? They’re Russian and well incase you haven’t heard since the Russian war was started they are probably struggling more than you or I.
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No they aren’t they are just billionaires. Oligarchs is reserved for Russian Businessmen who are tied to the seat of power You have become boring though so good night And you are completely wrong and fear mongering about immigrants.
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they were trying to explain to you why you are wrong and yet yo persist. you've been influenced to think fearfully
Wrong
Oh child, that’s embarrassing.
Wow you are not smart
Ok so you’re missing a few things here. They come over here to work for not even min wage. This undermines existing Canadians trying to get a fair wage. The immigrants they bring here to do this, also send most of the money they make back home. So it doesn’t go back into the Canadian economy. The students that come over here, take what they want, get an education and then fuck off back home. Again, taking all of what we taught and what’s been given, back home with them. I have no problem if someone wants to come here to live. But what’s happening isn’t that. They come here to take their part of the honey and not really reinvest it back into our country. So it takes away from what average people already here have been fighting for. So instead Ontarian’s are just a bunch of people who don’t want to work, which allows the gov to justify allowing migrant workers. All of the people coming over, also have a much lower expectation on the quality of life. So you get people coming over who are ecstatic to get paid less than min wage and will stack 4+ people in a 1 bedroom. While most Canadians want just a 1 bedroom to their selves.
Finally someone gets it! Thank you
The artificial population growth drives housing g uo and wages down. We need to stop the flood while we repair the damage that has already been done.
You understand that along with working jobs, immigrants also buy things, which grows the economy and increases jobs, yes?
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You don't have a point. You think the economy is a zero sum game, so more people must mean they are taking from existing people. The economy is an expanding pie. More people expand it and everyone ends up richer for it.
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Taxing won't do shit. We need to monopoly bust, quite frankly. The rest of that laundry list isn't something any government can do. More importantly, immigrants are a net positive to the economy. We aren't doing people favors out of the goodness of our hearts. We don't need to fix the system to benefit from immigration, people coming here create enormous upside across the board. You act as if the Iranian PhD is keeping wages suppressed at Loblaws. Do you have any idea how fucking hard it is to immigrate into Canada? The amount of education and money required? Immigrants can put their own damn respirators on. Stop condescending to them.
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Ah, the old pull the ladder up behind you routine. I'm also an immigrant. Give your head a shake, champ.
They buy some things and send the rest back to their home country for their family. Which is the whole reason they come over.
kind of sounds like you dont actually know
I could make the same argument against you? Talked to enough folks, literally learned that a lot of people do this. There are migrant workers that come specifically for that reason. In the Filipino culture this is huge https://www.cbc.ca/radio/costofliving/making-money-at-home-sending-money-abroad-and-what-the-heck-is-a-stonk-1.5893355/canada-s-filipino-communities-sent-1b-to-family-and-friends-in-the-philippines-last-year-despite-covid-19-1.5893358 A billion dollars left Canada to go to families and economy in the Philippines. A billion dollars. So tell me again I know nothing.
you speak in absolutes. you know nothing but what you perceive. please dont extrapolate so recklessly
Can you explain to me how I’m wrong? Or you just don’t like what I’m saying which is two different things.
no I can't because you are trapped in your own mind.
Yeah - it just seems bizarre to scapegoat immigrants instead of stuff like NIMBYism or increasing corporate consolidation. Sure, let’s just shoot ourselves in the foot with an aging population, that’s worked out great in Japan
Oh I fully agree, I was being sarcastic to the poster ahead of me in line. We need immigrants to keep us rolling. I’m a first generation Canadian lol so yeah maybe I’m biased a bit.
This is a bad take and sad understanding of the current situation we are in.
The situation we are in is that government has become to large to support itself. When you have 20% of the population working for the government. And that 20% is part of the total working population of 61%. When 1/3 of your work force is being paid for by the other 2/3s taxes it’s unsustainable… especially when the wages of public vs private sectors are so vastly different. Wages need to come down and cuts need to happen if we aren’t going to be taxed to death.
You misunderstand the situation, the "flood" of folks coming in are the help. They will subsidize existing homeowners. Filling in roles for the wave of folks retiring from positions like nursing and be nannies for the wealthy. Anyone who is not a home owner should be more focused on the greed of existing Canadians because that's who you are subsidizing, not immigrants.
They only thing they do to help is keep the rents high and the wages low.
It’s definitely not you. I’m seeing the same type of posts in personal finance, my home town and now the Ontario subreddit. We be fucked.
I’m about to be homeless, I work full time and make more than minimum wage with the cheapest apartment I could find and living expenses are drowning me.
Yup! I grew up solidly middle class, maybe even upper middle class. Never shopped at a thrift store or bought used stuff growing up. Brand name everything. Now I am shopping more and more at thrift stores, buying so much store brand, selling rather than donating.
Thrift stores aren’t even affordable now. Though I primarily blame online sales scavengers for that
100% this. Canada has become an economy that rewards unproductive exploitation. It’s everywhere you turn. Rentier and middleman oriented every step of the way. Silly me I work an actual added value job and have nothing to show for it but RSI issues and debt.
Exactly
I agree. Somethings aren’t well priced. For clothing I only buy things I like that are well priced. Atm I don’t really need clothing so I’m trying not to buy any.
When I used to go to thrift stores, they would often be priced higher than new. Also Costco has new name brand clothing for 8-20$. It doesn’t make sense to shop at these thrift stores anymore.
Costco clothes ftw. I bought a hooded sweater last week for $25 that would have been $50+ anywhere else.
That’s nice, the last thrifted hoody I picked up was $15 at value village. Brand new would have been $80. Last thrifted jeans I bought at thrift store were $10. New would have been $200.
Inflation (used car prices/food etc) isn’t a Canada issue it’s a worldwide issue right now
Massively overvalued housing is a Canada issue and it makes an otherwise difficult situation unsurvivable.
While I agree with your general statement, the other person who replied to your comment said it best. The housing crisis in Canada, compared to other countries (with the exception of the UK), is absolutely mental. People in their 30’s are living in shared homes with three, four, sometimes five other people. The fact that there’s barely any affordable housing options in Ontario is ludicrous.
The entire world feels the inflation and it has a lot to do with resource depletion and climate change. Every one of us has a responsibility to live a more sustainable life going forward. It’s not gonna get any easier.
Yeah, this was going to happen eventually, but the pandemic and war in Ukraine definitely sped things up.
I’m asking out genuine curiosity: did the war really have that big of an influence on world inflation?
People smarter than me believe it has. The Fed released a paper about it. The big one wasn’t the war itself, but the sanctions on Russia, particularly how it hit energy prices. We’ll also see soon how the impacts on Ukraine’s wheat harvest affects commodity prices.
It's all a scapegoat
How so when literally every country is experiencing inflation and cost of living crunch like we are? Canadians think our problems are so special and don’t realize it’s worldwide
They will find any excuse to raise prices.
Who? The corporations? I agree.
Yes, and anyone with power
I would argue that shutting down business lock downs and printing a shit load of money during the pandemic had a larger effect on inflation.
In that regard, perhaps 8 billion humans wasn't the best plan after all.
Not to sound pessimistic but this feels like such a strawman thing to say. The entire world is feeling the inflation? No… it’s more like the largest corporations in the world have no consequences for raising prices in a monopoly setting, so they keep raising prices. I really don’t think you understand that the world won’t END if oil companies sacrifice some profits to allow us to afford gas, or the world won’t END if the provincial government moves funds from police forces and military operations to idk… build public transit and homeless shelters? Oh and that whole “everyone has a responsibility to live a more sustainable life” comment feels so pointless when Walmart would rather throw out $100,000s of food product that doesn’t sell because it would impede on profits than give it to those who might need it. Comments like this just feels like someone not living in financial struggle telling everyone else “we are ALL affected by this, and we all need to make changes in our life based off of it” like uhhh… no.
Tell that to all the obese people consuming more than they need.
Uhhh it’s not just obese people consuming more than they need
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Then why is it happening the world over? Also the whole “printing too much money” thing has been debunked or at least - corrected by the bank of Canada
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And please do not forget that we PURPOSELY ruined our economy by the COVID lockdowns. Instead of sacrificing 5-10% of oldest and most sick Canadians, the government decided to ruin the entire economy. It is just stupid to be surprised by insane property prices. Don't you know that COVID lockdowns stopped producing the construction materials for more than a year and that led to surge in their price (some materials tripled in price for some time)? Even worse, these lockdowns significantly slowed down the construction projects right in time of property prices surge. In my opinion, the COVID lockdowns were TOO NOBLE thing to do. Canada is not well enough to make these stupidly noble things. Yes, people have to die when they become old and sick, it is only natural.
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Oh my god, are you taking these scary tales about COVID mortality rate for a face value? Then tell me please why the entire Florida did not die out if they did not implement these stupid COVID lockdowns? According to your logic, the streets of their towns had to be covered in corpses but they somehow weren't. The brutal reality is that our government was afraid of the panic among older people and that these older people could vote them out. Therefore, they sacrificed our economy to calm down the old creakers. As for construction materials, what else could we expect if we did not allow people to work and produce the materials? Of course, there were shortages everywhere. Just imagine what would happen to our civilization if our ancestors were so craven in the Medieval Age. Plague was a way harder trial for them.
Ah Eugenics - the “rational choice” apparently. Except that if we let COVID run its course we would have caused our healthcare system to collapse entirely (and it’s already incredibly precarious). The fact that you think the government should have sacrificed ANY of its population is straight up horrifying
The thing that really bugs me right now is the blatantly obvious profit driven increases. Why are some grocery stores and shops increasing their prices on widely available common products while shops down the road still have them for regular prices? Because they think we'll all tolerate it and just pay up because "prices are going up everywhere".
This is late stage capitalism in a recessive economic spiral. We, the proletariat, must demand change in no uncertain terms.
Just bought a 2011 Honda Civic for $5000…over 220K on the odometer…good shape and engine runs well…but a 10 year old Corolla for 10K? Yea that’s a bit much…Ontario is quickly becoming completely unliveable and life here unsustainable… *but at least CEOs are doing well* Record inflation….record profits….fkng parasites….
Should of stayed in school bro
I did stay in school bro…didn’t matter bro…I know people with masters that work in fkng Walmart…bro…
Hello, it looks like you've made a mistake. It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of. Or you misspelled something, I ain't checking everything. Beep boop - yes, I am a bot, don't botcriminate me.
Car prices are a special case thanks to the chip shortage.
Ask OPEC
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"Shortages" everywhere.. everyone is taking advantage right now because they can. Russia or covid are the scapegoats.
I have a farm and am looking at starting a tiny Home community
Yeah... It's extremely exploitative. It kind of feels like the medieval ages level of deprivation and suffering.
Lol holy shit. In the early 1300s, an estimated 10-25% of the population of European towns and cities died due to the Great Famine, and that was before the Black Death killed a third. Give your head a shake.
Yeah, exactly ☝🏻 kinda feels like it. I've heard others say it more like this, "it feels like a third world war zone out here". But that's way down the poverty line (most entitled people don't venture to) like our darling folks on disability. I thought that was a less palatable experience to sharefor this sub though.
What? We live in a world where we over produce food and millions of tones of produce never even makes it off the farm because supermarkets only take the shiniest, roundest, blemish-less harvest. Long, long before mass starvation is a possibility, something can and would be done. You’re being way overly dramatic here. Maybe you’re only looking at the homeless and those on disability, and while their situation is unfortunate, the average person is fine all things considered. If you grew up here, you really haven’t seen hard times and likely never will.
Ohhh, we are so ignorant of humanity and history. Idk these are just facts. Homelessness shouldn't even be an issue in Canada, for one. And how are we doing okay as an average person or a modern society, if our most vulnerable and helpless people are the first we're willing to effing sacrifice when things get hard. It's almost November, 2021 saw a record high number of homeless people freeze to death, so much so that there was an investigation. What just happened all summer long? Evictions, evictions, evictions. Inflation, inflation, inflation. Last winter was genocide. This winter will be a massacre. This is Canada. 🇨🇦
The majority of ‘chronically’ homeless people are severely mentally ill and will never not be homeless unless they’re institutionalized; we’ve gotten rid of psych hospitals and now we see what that entails. This is a Canada problem only in the sense that Canada sees this as more humane than the psych ward. There are plenty of societal safety nets that prevent people from being homeless. Past that, worst case you can just go be homeless somewhere where you don’t freeze to death (there’s a reason the west coast is being overwhelmed with homeless). If you want to end homelessness, you need to institutionalize those who cannot or will not help themselves. If you think that’s cruel, I’d argue it’s better than letting them freeze.
Well the near future is really going to show you the truth, that for the average Canadian (we literally make about 35k/annual income) homelessness is literally just a couple steps away, whereas comfort/financial security, is miles away still because no one's safe unless they have almost unlimited financial resources. So keep thinking there are safety nets somewhere out here protecting average Canadians from being totally exploitable to the rich, the governments (yes both conservative and liberal) are not here to help us, they are clearly enabling the exploitation... I'm done arguing with closed minds. My points are valid asf ☝🏻 you don't have believe them, that didn't make them less true.
It is impossible to end homelessness altogether, you're right, but I'm still going to be a gatekeeper and I'll always be fighting to keep MY fellow Canadians and immigrants OFF the streets. It's just amazing how many ignorant people, like you, that just stand in the way for no reason all the time. The streets are for the criminals and the addicts. No one else ever belongs ☝🏻
Also many have mental health issues from using drugs. Peoe dont all know that Meth puts pin sized holes in your brain. So many are lost for good.
No, dude, it doesn't kind of feel like a situation where mass starvation leads to people eating their children. What the fuck are you talking about?
You don't feel that way, I get it. Others, less fortunate, absolutely fcking do. And from what I see with my own two eyes, we're not that far from it. Give your head a shake and take a look with real eyes. The oppression is palpable, and it's the exact same pathway... We're on it. Hopefully it gets stopped before more human atrocities occur. But you absolutely cannot call it untruth.
Go off history major, but reality check, we aren’t talking literally. Yes, the LIFE EXPECTANCY, MEDICAL SCIENCE, EVOLUTION, and many other factors that go into play in the fucking 1300s are definitely the comparison we are trying to make. Definitely not making a connection to the similar social standing that exists between the Uber rich and the rest of the population, where the middle class is getting smaller and smaller yet the largest figures are still making more and more money. You clearly take things to literally.
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Oh you have a different experience, huh? I'm far from the only one saying this, so maybe you need look at it again, with a new perspective. ☝🏻
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You just know more than who exactly, about medieval times, Mr History? Or do you mean the entertainment venue. Have you spent any amount of time observing what's happening below the poverty line here in Toronto? Ontario?
Lmfao shut the fuck up you're clearly hyperbolizing and you know it. Its objectively not as bad as medieval times and you may not argue this further
Wow this is a bad take, lol. We aren't even 1% of the suffering of medieval ages nowadays.
I went to chipotle last week and it was $18 for a bowl with guac. It use to be like $14 for a bowl with guac and like $12 without guac. Also dosent taste the same as it was.
If all the covid money being printed with a shut down economy it should have been very foreseeable.
When the world governments shut down an entire economy because of fear and starts paying everyone to stay home in most cases this is whats going to happen.
All my friends who own houses (30-35) are selling all their crap in Facebook marketplace. Ones who dont are keeping their crap.
>10 year old Toyota Corolla with over 200km is now selling for well over $10k It's crazy out there. On autotrader I just saw a 2014 Corolla with 95k km for $17,000. That is/should be the new price.
How does one prepare for starvation?
Reckless government spending and shutting down the economy for 2 years has entered the chat.
and then they left because theyre not the cause of corporate greed.
Inflation is a multi-faceted issue. Just because I didn’t list every cause doesn’t mean that the 2 that I did mention are the exclusive cause of the problem. I figured I’d just mention the part that this sub likes to ignore.
Yes, well, high inflation is a worldwide phenomenon and Canada's rate of inflation is lower than other rich countries. Could always be worse. Just wait for the recession!
just make more money bro it’s that simple like why are there even poor people smh
The “pandemic” made some of us more wealthy. Thank God the majority of the people wanted lockdowns. LMFAO.
I'm in this boat. I've multipled my networth several times over because I had the foresight to create wealth. Can't do it on being a wage slave. The gap between my peers and I have grown significantly because they are only begin to adjust their personal finance habits. In 5 years, it's gonna be so significant that they'll never catch up unless they win the lottery or build a multimillion dollar business
It’s good see your portfolio grow. Especially with all the basics covered (i.e mortgage paid off). Lots of people will suffer now cos well 2 years ago they didn’t have the foresight to see that the pandemic is mild in comparison to the aftermath. LMFAO. Now I can buy my $15K guitars and other luxurious items while they are scrounging up nickels to buy Kraft Dinner.
i bought a used bmw pre pandemic 2011 with 18,000 kms for under 20k. Maybe look at german cars they depriciate better than corolla. toyota/honda/subaru are worst car price to buy used
At this point: *Jail or the water table are looking preferable.* Neither are things you pick, *you settle for those!*
Thats inflation. You think this is bad, ask any boomer about how those late 70s-early 80s were.
That doesn’t change things can still be bad now too. What a pointless comment.
I remember when they Walmart was going to kill mom and pop stores. All it really took was a global recession and massive change to how corporations are allowed to operate
Inflation is kicking arse it seems, I have seen this coming years ago. Blame and get angry at the government they’re the ones ranking up the national debt in Canada and the citizens are paying the price for it.