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HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society

 
SERFS
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02/12/2024 06:34 AM
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HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society

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Celente, a heterodox thinker whose vast body of work includes predicting, among other things, the Great Recession, likens the contemporary financial system to the plantation economy, only circumstances are far more propitious for today’s plantation owners because they don’t lodge and feed their serfs.

“You get a job at Walmart or Amazon or Home Depot or Lowe’s—any of the big chains—and you make nothing, go home, live paycheque to paycheque and can’t afford to buy food, so you eat crap, and then go back to work,” Celente said.

“Look at the data that came from Oxfam at the beginning of the Davos meeting about the one per cent becoming, what, $27 trillion richer since 2020. Everybody is going down. The money is all being gobbled up to the top.”

The panacea to housing unaffordability today is preponderantly parents gifting children down payments for, or even outright purchasing them, starter homes so they can build equity. However, for the rest, affording a Toronto-area home that averaged $1,189,850 at the end of 2022 is insuperable—especially when factoring inflation, which shows nary a sign of dissipation.

“If you’re a person starting from nothing whose parents were renters, barring winning the lottery, your ability to put a down payment on a house in excess of a million dollars, or a small condo that’s $750,000, is increasingly difficult. Where will you find money to start the process?” said Ron Butler, owner of Butler Mortgage in Toronto.
Tonight We Ride!

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02/12/2024 06:38 AM

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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society

[link to tnc.news (secure)]

Celente, a heterodox thinker whose vast body of work includes predicting, among other things, the Great Recession, likens the contemporary financial system to the plantation economy, only circumstances are far more propitious for today’s plantation owners because they don’t lodge and feed their serfs.

“You get a job at Walmart or Amazon or Home Depot or Lowe’s—any of the big chains—and you make nothing, go home, live paycheque to paycheque and can’t afford to buy food, so you eat crap, and then go back to work,” Celente said.

“Look at the data that came from Oxfam at the beginning of the Davos meeting about the one per cent becoming, what, $27 trillion richer since 2020. Everybody is going down. The money is all being gobbled up to the top.”

The panacea to housing unaffordability today is preponderantly parents gifting children down payments for, or even outright purchasing them, starter homes so they can build equity. However, for the rest, affording a Toronto-area home that averaged $1,189,850 at the end of 2022 is insuperable—especially when factoring inflation, which shows nary a sign of dissipation.

“If you’re a person starting from nothing whose parents were renters, barring winning the lottery, your ability to put a down payment on a house in excess of a million dollars, or a small condo that’s $750,000, is increasingly difficult. Where will you find money to start the process?” said Ron Butler, owner of Butler Mortgage in Toronto.
 Quoting: SERFS 85612037

LOL. Buying a house for $1M. How about buy one for $200k?

I bought my house for $70k 13 years ago and fixed it up.

Why is everyone so retarded and lazy now?

Nothing to do with vaccines though.
47Cide

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02/12/2024 07:15 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
Quoted for truth, I have lived that life.

It’s very sobering what is going on in Canada.

Why don’t we have home owners, instead we have serfs.
Hello government, implement your own credit scores. Base it on earnings or something overall.
Cideus.
Anonymous Coward
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02/12/2024 08:05 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
[link to www.blogto.com (secure)]

you can rent half a bedroom for $750/mo!!!
Anonymous Coward
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02/12/2024 08:06 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
Canada is a third world nation.

The health care system is atrocious, school system is garbage, the population is brown.
Anonymous Coward
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02/12/2024 08:08 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
For $900/mo you can rent HALF A BED.

You must be female (renter is male).

[link to www.blogto.com (secure)]
Anonymous Coward
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02/12/2024 08:43 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
once again, there's 20 million vacant homes unused.

you know why? because there's blacks living next door


a million dollar mansion next to blacks is worth NOTHING.

there is no housing crisis there is a lack of places to live where they are NO BLACKS.

you pay so much money for your airbags in your car, engineers are hired to make safest cars, safest roads, safest planes....and then you let blacks roam around uncaged. the horrifying comic irony of it. blacks are the greatest threat to anyone's safety times 10000, i'm not afraid of dying in a plane wreck, i'm afraid of getting stabbed by a black, I'm not afraid of mother fucking global warming, i'm afraid of a black slitting my throat with a box cuttr
Anonymous Coward
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02/12/2024 09:01 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
There's not enough housing, and what there is too expensive for most people, there's too few hospitals, transport, and other infrastructure for those who live here, and yet the government brings in more than 1 million immigrants a year, who all go to Toronto or Vancouver. It's a disaster. Good for landlords, and good for the political party that invited them in, but it benefits no one else, and is unfair to the immigrants, too. They are sold this dream of how great Canada is, despite its harsh winters, and it turns out to be false.
We have Ukrainian immigrants going back to their wartor homeland because it's still better than trying to survive inCanada.
Anonymous Coward
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02/12/2024 09:06 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
There is also a dynamic now in Canada, because mass immigration is coming from just one area, India and Pakistan at moment (it was China previously but the government recently decided to change to IndPak admissions) whereby there is no assimilation of the newcomers.
Anonymous Coward
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02/12/2024 09:14 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
remove all construction regulations and basic housing would be free for everyone within 5 years
Anonymous Coward
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02/12/2024 09:16 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
remove all construction regulations and basic housing would be free for everyone within 5 years
 Quoting: Anonymous Coward 77920273


and why not? you got a choice whether you want to live in it or not. same with the public health department, why in the fuck is there even a public health department? that's none of their business.

the idea it's for your safety is obviously ludicrous. there's dead homeless on the street every morning, you just don't see it. they have crews comb the streets in the AM to clean them up.
LJSModerator
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02/12/2024 09:20 AM

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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
Things as crazy north of the border as they are in the US cities.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Anonymous Coward
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02/12/2024 09:23 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
"remove all construction regulations "

lawyers have ensured that this will never happen.
Anonymous Coward
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02/12/2024 09:34 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
"remove all construction regulations "

lawyers have ensured that this will never happen.
 Quoting: Anonymous Coward 17331861


We do need standard regulations. Nobody wants a house with bad infrastructure and wrong beams.
Anonymous Coward
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02/12/2024 09:35 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
There is a happy medium between too much and too little regulation
Anonymous Coward
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02/12/2024 09:39 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
"remove all construction regulations "

lawyers have ensured that this will never happen.
 Quoting: Anonymous Coward 17331861


We do need standard regulations. Nobody wants a house with bad infrastructure and wrong beams.
 Quoting: Anonymous Coward 77332041


I don't need you telling me what to do.
Anonymous Coward
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02/12/2024 09:42 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
LOL. Buying a house for $1M. How about buy one for $200k?

I bought my house for $70k 13 years ago and fixed it up.

Why is everyone so retarded and lazy now?

Nothing to do with vaccines though.
 Quoting: Tonight We Ride!


You are talking about US prices ... NOT CANADIAN prices.

Go look at the prices for houses in even the bad neighborhoods of Toronto. Try Coastal California pricing (not inland pricing) times two to four.

You can't find a $200,000 fixer upper in Toronto even in a BAD area.

Go look at the listings and see for yourself.
Big Duke66

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02/12/2024 09:45 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
Things as crazy north of the border as they are in the US cities.
 Quoting: LJS


Urban problem in Canada too. The Cuban twat has really done a number on us.
Big Duke66
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02/12/2024 09:45 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
Condos cost a million and then you have $1500 a month condo fees.
Anonymous Coward
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02/12/2024 09:47 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
I looked at a small older one storey semi-detached house the other day, and the rent was $9,000 a month.
Anonymous Coward
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02/12/2024 09:47 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
once again, there's 20 million vacant homes unused.

you know why? because there's blacks living next door...
 Quoting: Anonymous Coward 77920273


20 million vacant homes IN CANADA? Where in the heck do YOU come up with that number?

Canada's population is only 38 million people, at an average house occupancy of 2 people per house, that would mean there is a vacant house in Canada for every family currently living in Canada.

Really ... please post where you come up with the data that says there are 20 million VACANT unoccupied homes in Canada. I will wait.
Anonymous Coward
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02/12/2024 09:49 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
remove all construction regulations and basic housing would be free for everyone within 5 years
 Quoting: Anonymous Coward 77920273


how about kicking out all the immigrants from the last 2 years.

That would fix a lot of things.
Anonymous Coward
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02/12/2024 09:50 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
once again, there's 20 million vacant homes unused.

you know why? because there's blacks living next door


a million dollar mansion next to blacks is worth NOTHING.

there is no housing crisis there is a lack of places to live where they are NO BLACKS.

you pay so much money for your airbags in your car, engineers are hired to make safest cars, safest roads, safest planes....and then you let blacks roam around uncaged. the horrifying comic irony of it. blacks are the greatest threat to anyone's safety times 10000, i'm not afraid of dying in a plane wreck, i'm afraid of getting stabbed by a black, I'm not afraid of mother fucking global warming, i'm afraid of a black slitting my throat with a box cuttr
 Quoting: Anonymous Coward 77920273


lmao

Hey shithead - there are only 40 million PEOPLE in Canada.

no, there aren't 20 million vacant homes you retard.
Anonymous Coward
User ID: 86235913
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02/12/2024 09:52 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
It's true .... the Homeless are starting to stack like cord-wood along Hwy 1 in Greater Vancouver ... Trudope has failed everyone.
Jenny222

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02/12/2024 09:53 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
30 tent cities in Halifax NS

Cold starving people, what could possibly go wrong? Hunger is what causes dissent. Homeless and hungry. Look out Canada!
Anonymous Coward
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02/12/2024 09:54 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
It’s a good thing we’re bitching on the internet about it then!

Internet bitching….it’s as safe & effective as the COVID vaccines!

fuckyeah5
JustinCastro

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02/12/2024 09:56 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
LOL. Buying a house for $1M. How about buy one for $200k?

I bought my house for $70k 13 years ago and fixed it up.

Why is everyone so retarded and lazy now?

Nothing to do with vaccines though.
 Quoting: Tonight We Ride!


You are talking about US prices ... NOT CANADIAN prices.

Go look at the prices for houses in even the bad neighborhoods of Toronto. Try Coastal California pricing (not inland pricing) times two to four.

You can't find a $200,000 fixer upper in Toronto even in a BAD area.

Go look at the listings and see for yourself.
 Quoting: Anonymous Coward 18781240


The only place houses are much cheaper than half a million are in rural areas far removed from larger cities. At least here in Alberta. So you can afford the home but there is no employment to speak of within commuting distance so you can’t pay the mortgage. Also the requirement for 20% down puts average people out of the market. To buy a 500,000 dollar home you need to save up a 100 Large. That’s pretty difficult & even if you could it takes a very long time. If your parents aren’t wealthy enough to bankroll you ya can’t get in the game.
Uncle Raul
Anonymous Coward
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02/12/2024 09:56 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
It's true .... the Homeless are starting to stack like cord-wood along Hwy 1 in Greater Vancouver ... Trudope has failed everyone.
 Quoting: Anonymous Coward 86235913



The rest stops along Hwy 1 are now massive homeless camps ... i drove thru one the other day ... shocked.
Jenny222

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02/12/2024 09:56 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
remove all construction regulations and basic housing would be free for everyone within 5 years
 Quoting: Anonymous Coward 77920273


how about kicking out all the immigrants from the last 2 years.

That would fix a lot of things.
 Quoting: Anonymous Coward 67122948


Immigrants are fleeing! They can't afford to be here lmao
Problem is there is more old people than young. Thats why the gov is flooding us. More money in the coffers. Can't get that from seniors. Now they wont get it from immigrants ether. Thats ok tho cause they are using the carbon tax to make up for it.
Anonymous Coward
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02/12/2024 09:58 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
Yeah, you could be a home for cheap in rural maritimes,parts of Newfoundland or Nova Scotia, but there isn't work for hundreds of miles around, and even if you could afford to buy there and survive, you would forever be the rich outsider.
Anonymous Coward
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02/12/2024 10:01 AM
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Re: HOUSING CRISIS: How Canadians are becoming serfs in a neo-feudal society
So the plan is working is what you're saying?





GLP