breh..i'm not one of these recession tinfoil hat types but the debt to income ratio is wild..banks are just cutting interest rates and ppl are borrowing even more
In Canada's case, household debt is around 170 per cent of disposable income. In other words, the average Canadian owes about $1.70 for every dollar of income he or she earns per year, after taxes. That ratio is a Canadian record, and up from about 100 per cent 20 years ago.
Canada’s Economy and Household Debt: How Big Is the Problem?
fukk that. I wanna jump in the market now and benefit from the fire sales when the bubble bursts..i'm staying away from real estate..plus our family portfolio has averaged 12% since 2013 when we started. It wasn't all fun and games..the oil and gas recession a couple of years back hit us HARD. but you win some and lose some the average always bears out.
The housing market can NEVER give you those kind of returns.
Watch breh..telling you..mind you if your family moved in early when this area was being built i figure by now the home is paid off in full..this advice applies to our generation we don't have the benefits of our predecessors especially those bum ass Baby Boomers who clogged up the system and benefited greatly from when and where they were born