By What Age Should Someone Own/Have Bought a House?

[cv5]

I did the math on this:

Principal alone (minus the interest payment of $3574) = $2260 a month

$2260 x 12 months = $27120 a year

$27120 x 72.5 years = $2,047,560 (Canadian)

These payments are for a more than $2 million dollar house. (Canadian)

In US dollars it's a $1.5 million dollar house.

I just wanted to see what the cost of this house is.

Just to let you know, the Liberal/NDP and LOCAL government has been INTENTIONALLY goosing the housing market for a long long time. Why pray tell?

Taxes. Maximum taxes extracted from hapless sheeple citizens. Nose bleed housing valuations is the goal, with nosebleed tax assessments to follow.

Also: fake credit funny munny that boosts the GDP like a crooked accountant would.

Asset appreciation for the elites who dominate and control the politicians, and any politicians who become wealthy themselves by rising thru the ranks.

Oh, and yes the unholy alliance of the government and banks is always afoot. Banks are more than happy to accommodate the housing bubble. I mean......debt slavery is their business after all.

A debt and tax burdened populace is a helpless enslaved populace, trapped without the least degree of freedom, who then comes begging to the GOVERNMENT for solutions. Thereby FURTHER EMPOWERING the government itself......which is the ultimate goal. An all powerful government run by a merry-go-round of the same old grifters, con men and exploiters......just like a South American banana republic.

 

[cv5]

I have owned in the past, but for the stage of life I'm in, I think that renting is working better for my needs (and the needs of my family.)

But there will always be people telling me I'm throwing money away by renting. I understand that, and if I had the option of knowing I'd be in the same place for 50 years and found an affordable place to buy, I would definitely consider it.

I'm happy for everyone who has or is buying a home and it's worked out well for them.

But I want to thank everyone for making these posts that are assuring me that I am doing the best I can with what I have.

One thing I'm thankful for with renting is that I don't have any institutions breathing down my neck with a large, looming number that I will owe them for the rest of my life, and they can't take anything away from me.

Sure, I realize that landlords can make places completely unaffordable by raising rent, but with so many people having to rent now, I would hope that this would at least keep the rates somewhat competitive.


It's a funny thing that this whole discussion has never answered the original question -- what age should a person be expected to have bought or own a house?


I wonder if reading these replies will change anyone's perceptions of being stressed out by not owning a home by a certain age, or develop a more lenient attitude of when someone should own a home or even their own place when considering a potential date, etc.

As a single woman, I have a good grasp on how expensive things are (especially from living in different places,) and I myself don't expect a potential date or spouse to own a home, or to even have his own place (unless it's out of sheer lack of responsibility or willingness to work, etc.)

Most singles I know can't afford their own places and live with family members to cut costs and/or provide necessary care. It's great if someone can afford their own place, but I think it's pretty rare. (If I'm wrong, feel free to state your own experiences/observations.)

I hope the answers in this thread have let some people out there know that not owning a home is perfectly understandable in today's conditions, and will feel a little less stressed about living up to social expectations.

The thing is......home ownership is quite desirable.

But THEY have made it quite impossible.

Welcome to the future.....of banana republic perpetual poverty for the masses. That is the goal believe it.

 

[Lanolin]

do you actually grow bananas or you just touting a lot of figures.
Here they seem to be a popular imported fruit...why? I think feijoas are better, but bananas seem to be easily available year round.

 

[Lanolin]

Perhaps the banana eaters might complain if the banana supply ever stopped.

Also the monkeys would not have good homes if there were no banana trees to climb. Although its not technically a tree but a giant herb. I think people underestimate bananas of how much value they could add to your country/house if you can grow them.

Instead of a house what every ought to own is their own tree

 

[Lanolin]

Micah 4:4 mentions everyone sitting under the own fig and olive tree

It doesnt say everyone ought to have their own house.
in the ten commandments, you arent supposed to covet your neighbours house anyway. so why do people seem to think its a good idea to encourage people to covet houses?

 

[cv5]

Instead of a house what every ought to own is their own tree

They own the money tree.......

THAT is why the founders of the US stridently warned us of impending doom if the poisonous hydra of banking were to overwhelm the Republic.

Gold and silver are the currencies of FREE MEN. That is why it has been systematically removed from the clownbux financial system since the mid-1960's.

 

[Lanolin]

I loved this Simpsons take on Better Homes and Gardens magazine

Better Homes and Gardens...Better Homes than yours. lol

I also wondered what kind of people show off their homes in those home magazines. I dont think I would want to do that. Not that houseproud that Id invite a photogrpaher to come in and take pics of where I live and my bedroom for all to see .... gardens I can kind of understand but you home is your home. Not anyone elses. its. ot for sale...besides who wants to see all my stuff anyway?

 

[Lanolin]

cv5 you seem to live under seige from your own country. How about just moving to a different country. Its possible you know.

 

[Lanolin]

Not sure I really care about the gold and silver currencies of free men

The shells on the beach are free and have been used as money by many.

 

[JohnDB]

I have owned in the past, but for the stage of life I'm in, I think that renting is working better for my needs (and the needs of my family.)

But there will always be people telling me I'm throwing money away by renting. I understand that, and if I had the option of knowing I'd be in the same place for 50 years and found an affordable place to buy, I would definitely consider it.

I'm happy for everyone who has or is buying a home and it's worked out well for them.

But I want to thank everyone for making these posts that are assuring me that I am doing the best I can with what I have.

One thing I'm thankful for with renting is that I don't have any institutions breathing down my neck with a large, looming number that I will owe them for the rest of my life, and they can't take anything away from me.

Sure, I realize that landlords can make places completely unaffordable by raising rent, but with so many people having to rent now, I would hope that this would at least keep the rates somewhat competitive.


It's a funny thing that this whole discussion has never answered the original question -- what age should a person be expected to have bought or own a house?


I wonder if reading these replies will change anyone's perceptions of being stressed out by not owning a home by a certain age, or develop a more lenient attitude of when someone should own a home or even their own place when considering a potential date, etc.

As a single woman, I have a good grasp on how expensive things are (especially from living in different places,) and I myself don't expect a potential date or spouse to own a home, or to even have his own place (unless it's out of sheer lack of responsibility or willingness to work, etc.)

Most singles I know can't afford their own places and live with family members to cut costs and/or provide necessary care. It's great if someone can afford their own place, but I think it's pretty rare. (If I'm wrong, feel free to state your own experiences/observations.)

I hope the answers in this thread have let some people out there know that not owning a home is perfectly understandable in today's conditions, and will feel a little less stressed about living up to social expectations.

Approximately half of all housing is single family vx multi family dwellings.

And a certain percentage of growth of empty units available for each is necessary to keep the prices low.

 

[Lynx]

Just to let you know, the Liberal/NDP and LOCAL government has been INTENTIONALLY goosing the housing market for a long long time. Why pray tell?

Taxes. Maximum taxes extracted from hapless sheeple citizens. Nose bleed housing valuations is the goal, with nosebleed tax assessments to follow.

Also: fake credit funny munny that boosts the GDP like a crooked accountant would.

Asset appreciation for the elites who dominate and control the politicians, and any politicians who become wealthy themselves by rising thru the ranks.

Oh, and yes the unholy alliance of the government and banks is always afoot. Banks are more than happy to accommodate the housing bubble. I mean......debt slavery is their business after all.

A debt and tax burdened populace is a helpless enslaved populace, trapped without the least degree of freedom, who then comes begging to the GOVERNMENT for solutions. Thereby FURTHER EMPOWERING the government itself......which is the ultimate goal. An all powerful government run by a merry-go-round of the same old grifters, con men and exploiters......just like a South American banana republic.

Ah thanks, that clears it up a lot.

I was beginning to wonder what kind of place Canada is, from the description you gave it. I was starting to get a bit concerned for my friends in Canada.

But this post, and subsequent ones like it, make it clear you are a hard-core conspiracy theorist, so I can discount about 93% of what you say about how bad it is up there.

 

[cv5]

Ah thanks, that clears it up a lot.

I was beginning to wonder what kind of place Canada is, from the description you gave it. I was starting to get a bit concerned for my friends in Canada.

But this post, and subsequent ones like it, make it clear you are a hard-core conspiracy theorist, so I can discount about 93% of what you say about how bad it is up there.

So buy a house in Toronto wise guy and put your money where your mouth is.
BTW.....Ontario is $400 billion in the hole. A staggering and utterly unpayable debt load.

One other thing: you might want to read up on the COMER lawsuit and Bank of Canada Act.
And how ALL Canadians got swindled thereby.

 

[Lanolin]

? who are you talking to
You could buy a house in Mexico, why would you buy a house in Canada? Wouldnt it be cheaper for you to do that? And live there?

 

[cv5]

How about just moving to a different country.

That is exactly what my top drawer legal team begged of me during a conference call.

I told them that I was expatriating to XXXXXXXXX country, my wife's nation of birth. Bye bye Canukistan.

Their reply and I quote: "Can you take us with you???"
No joke and they were being deadly serious. Somber even.

These lawyers are wise guys and know EXACTLY how, why and by what means Canadians are being shafted.
And what is likely coming down the pike.

Another lady lawyer (different team...Jewish lady very nice and extremely competent) told me in no uncertain terms the following:
"me and my husband are leaving (Ontario) to move to Saskatchewan".....in a panic stricken diatribe. With many more details of why.

I swear to God of Heaven that all of the foregoing is absolutely true.
Now this was during COVID so that may have been SOMEWHAT of a factor.

So..... @Lynx do you have any cards wherewith to trump my aces? Irreverent vacuous meaningless one-liner duds don't count.

 

[Lanolin]

^^ seems like people protest too much

Whether you would want to live in Mexico is another matter, but a house would probably be cheaper. lol Because of exchange rates.

Simple math

 

[Lanolin]

My granduncle lives in Toronto...he USEd to own his own house but he sold it and now live in an assisted living compound/rest home.

It was a huge house but his two sons married and left to live with their wives and his wife died so he was all by himself until he went to live in the retirement village, but hes had to move out of there to go to 24 hour care.

At retirement villages and rest homes they have housekeepers, maids and conceirges, caretakers, gardeners , receptionists etc so they dont have to worry about all the day to day housekeeping things that you would have to do all yourself if you owned your own home. If something came off the roof or the outside needed painting, you wouldnt need to worry about it either, it would all be done by the landlord/owner. The rubbish gets collected and the drains unblocked.

Sort of like living in a hotel all the time, which some people actually do. You can even have meals ready made for you.

Of course if you are a wife, its kind of your rsponsibility to look after all those areas as a HOUSEwife. But not everyone woman necessarily wants to be a housewife. They might want to do some other job, so, if they do marry, a house might not even be included in the package lol

 

[JohnDB]

Micah 4:4 mentions everyone sitting under the own fig and olive tree

It doesnt say everyone ought to have their own house.
in the ten commandments, you arent supposed to covet your neighbours house anyway. so why do people seem to think its a good idea to encourage people to covet houses?

The house comes with the trees....
Just like I bought two cats and the house came with them.

 

[Lanolin]

I never aspired to be a housewife, though you could say Im a librarywife lol. Home things arent my thing like cooking and. cleaning. I also like to be outside in the garden so Im thinking it would be better if I everr married for hubby to be look after those areas.

If you own a business, you practically live there and spend most of your time there anyway. I know shopkeepers who really there all the time that they could just sleep at their shop. Upstairs or at the back. If you own a home sometimes its better and cheaper to run your own business from home instead of commuting to work and paying extra overhead.

eg hairdressing, beauty parlour, dance studio, childcare centre, mail order/internet business (provided youve got room to store all your stock)
farmers obviously work on the land right outside their door.

 

[cv5]

BTW.....Ontario is $400 billion in the hole. A staggering and utterly unpayable debt load.

1) Government sponsored and driven MASSIVE inflationary housing bubble
2) concomitant VASTLY increased property tax revenues.

Result: a brutally efficient tax farm where the hapless sheeples are getting sheared down to the bone with unerring regularity with no end in sight.

BTW.....the banks will always lend to government with extreme liberality. Why so? Because the herd confined in the paddock is paying the interest whether they like it or not with the threat of imprisonment is why.

Furthermore, the government will ALWAYS borrow to the hilt (in effect robbing the taxpayers like a schoolyard bully pillaging lunch money) because that's how THEY get paid, as well as their cronies.

You are an American and yet do not understand how Congress, the treasury, issuing government debt and then burdening hapless defenseless taxpayers actually works?

Well.....guess what buddy: you are indebted to the tune of....drumroll.....$250,000 USD. Your kids and every baby exiting the womb is indebted about $95,000 whether they like it or not. Nice eh @Lynx ?

Rots of ruck and happy landings buddy. Believe me you are gonna need it.

 

[Lynx]

So..... @Lynx do you have any cards wherewith to trump my aces? Irreverent vacuous meaningless one-liner duds don't count.

Why on earth would I have any interest in "trumping" you? This is a forum thread, not a contest.

Even if it was a contest, I would walk away. Conspiracy theorists elevate confirmation bias to such heights that a mere mortal such as I could never hope to break through with simple common sense.