Is raising a family a pipe dream?

I live in the Toronto area and only a month ago a home on my parents street was put up for sale for $800,000, which is a fair and appraised market value, a price that any legitimate financial institution will provide a mortgage for.

The house was barely on the market for 48 hours before the sold sign went up...It was sold for $1.4 million , almost DOUBLE the asking price. How the fuck am I supposed to raise kids and a family when the Chinks are willing to pay 200% more than every house is worth? All of Canada will be vancouver tier soon with crack houses selling for millions of dollars (pic related).

Other urls found in this thread:

youtube.com/watch?v=fTPym5VHI4c&feature=youtu.be
youtube.com/watch?v=iMw0PCte4dA
zillow.com/homedetails/5212-Clairidge-Rd-Knoxville-TN-37918/41606119_zpid/
afr.com/markets/market-data/interest-rates/zero-deposit-loans-for-chinese-investors-to-spur-australian-property-market-20151025-gkhujs
twitter.com/NSFWRedditVideo

DONT LIVE IN THE CITY

My parents live 1.5 hours outside of Toronto and the chinks still buy the houses for absurd amounts.

Move inna woods and build a cuckshed.

Look at how they live, they are filthy rich and cucking hard working honest Canadians out of our own country.

youtube.com/watch?v=fTPym5VHI4c&feature=youtu.be

>but chinks are bro tier!
>chinks are smart!!! XD

It's not your right to live anywhere you want faggot. Move to the country and be a rural or suburban retard.

move

How can white bois even compete? YOU'VE BEEN RICED.

Why should I have to leave my own country for chinks?

That's one pricey cuckshed.

Neither of them said you had to leave the country dumb motherfucker.

Why buy a house? Invest that money instead.

A mortgage is still a debt..

Not sure what youre talking about user.
how much do you make a month? $1.4m for something in toronto sounds reasonable to me. bought my first place with my wife for 800k two years ago - when we start a family i think $2-3m sounds reasonable. there are some really nice places up north for that much money, see pic related, 2.5 mill

with the chinese it has been pretty hard, but we both have good six figure jobs. the bubble will pop one day, maybe in a couple yers, and these prices will go down temporarily (same thing happened in 08)

if you are scared of people outcompeting you, why don't you work harder? no one owes you a family and raising kids... or find a rich wife if you can't afford it yourself.

seems like people these days just want everything handed to them, and that's it. you want a mansion 20 minutes away from the biggest city in canada for under a million dollars? that's insane.

Death to all chinks

where abouts? SCarborough detached homes are around 800 now. I got a condo at STC years ago thank god so I at least have some equity.

Unrelated but would you be interested in getting together with some other anons in the city?

yea double income is key. I make around 95k, she makes 75k. Looking at leasving the city and headed for bradford/innisfil. The prices may slip for a short time but at long as you dont sell low and sit tight, you should be fine

>meeting other pol-leafs irl

sounds like a trap

MOVE DIPSHIT

Its easy kill chinks and take their money so you can raise your white family.Do it like germans Hitler times.

Raise property taxes to like 30% for people who don't live in their houses. Chinks don't like to pay taxes, they will fire sell all the house and the bubble will pop.

Don't worry Canadian man, the bubble will burst and your crack house will be 30k again.

The bubble has to pop and we need to stop letting foreigner and criminals from using our real estate market to launder money. Canada is going into a major depression soon. Buckle up.

Retards like these two are going to get fucked hard when it happens.

Just wait till it gets THAT bad. Locals will start killing these chinks.

The Chinks will just rent out the houses to avoid the tax.

No one is going to rent a house at 30% of 2-3 million

must be *owner ocupied

fuck these losers who buy houses for investment, fucking retards have never held equity in their lives

Because those Chinks developed marketable skills while you were masturbating to cuck porn and posting epic frog pictures of le God Emperor Drumpf on /r/the_Donald

Now you have to become a rural and suburban retard.

If these cunts aren't declaring income and only paying $1000 tax a year, what the fuck does the government get out of it?

Votes and private favors.

Evolution bro, you've lost the game, someone has to lose

Nice cherry picking a house that is way over priced. Im from the suburbs of chicago and a house is like 200k there. its not a big deal stop making excuses for your lack of effort

Did you just call OPs pic a mansion?

Ah, so you're just going to destroy the rental market instead.

Move to where it is affordable. I can get a house for $200,000 on 12,000sqft where I live.

Start shooting politicians

Donations, mostly. Bao Bao Pty Ltd buys ten existing properties as "significant investments" and gives whichever political party $100K to make the process smooth.

It's how things get done in China, and western politicians are really enjoying that authentic bit of culture (makes the biannual retreats just that bit more ritzy).

I would say kill one of them (improvised bomb, poison, etc. something difficult to trace back to you) to show them that they aren't welcome there, as well as reminding them there are some things that money can not buy. But I realized that A) they aren't even present in the houses half the time, there is no one around to harm to even send a message, and B) they are Chinese, they will not be emotionally moved by the death of their own children, it is like seeing an ant get stepped on to them.

So I'm out of (questionable but) good ideas for you. I know Canada is super SJW progressive cucked right? Could you get some visible oppressed minorities to squat in the property while they are gone and to claim that they would be homeless otherwise? I know in south america law enforcement can't kick people out of a home they have claimed as theirs without years of protracted legal battles. I think finding homeless niggers and transretards is a reasonable task to achieve and they will take the fallout for you.

yea there's lots of places like that here too, but just no work in those areas.

It will come to that one day, but that day is a long way off.

Paris?

no, but you're retarded. that "house" was sold for the land. after the developer bought it, it was bulldozed and a mansion was built on top of it. yes, land-value in places like downtown toronto is $2-3 million for a small patch. not a huge surprise, the actual "house" part of the property is cheap regardless where it is.

on the flipside you move 1 hour north and you can get 50 acres for the same price. too far from work? drive.

the Chinese are taking over your nation,to get the real prize that is America.Slowly eroding the north neighbor to be more on china's side by distribution their populous to your nation and becoming the future leaders.

Are you faggots still under the idea that buying a home is an "asset"?

Wrong faggots.

It's a liability.

The Jewish game of having idiots buy properties to live in them is coming to an end.

Renting is the way forward.

youtube.com/watch?v=iMw0PCte4dA

The housing bubble is happening all over the world

Look at real estate prices in Seattle, Sydney, LA, Paris, London and Vancouver. Its mostly because foreign investments funnel money into properties and governments turn a blind eye to it.
Its easy now because interest rates everywhere are so low but eventually that'll come to an end and shit will hit the fan hard. Better cash out now before its too late

I bet Native Americans in this thread are fuming right now. Whites and their hypocracy. Enjoy!

All I know is that this is all going to end in tears. Allot of people are going to be ruined when the party ends. They'll scream for help from the country they left behind and no one will give a solitary fuck. Sad. It all could have been avoided.

>why don't you work harder?
when the system is rigged to favor chinese business.

>happening all over the world

Nope, just rich white countries that let Chinese people launder money in their real estate markets.

In places like Hong Kong and Singapore the price hike is due to a lack of more space and an increasing population, but again that's because anyone with money to their name is fleeing China in a hurry for the first safe port of harbor (safe being good schools, middle class lifestyle and a huge nest of ants to hide amongst).

how is it rigged in your favour? why can't you get a job???

A new age is dawning.

>Renting is the way forward.
lol no

Don't expect your house to gain value but it's still a better use of your money than just throwing it away by renting

>All I know is that this is all going to end in tears.

For the middle class on down. The people higher up the social food chain are world citizens that can pack up the tent and move to the next "world city".

I heard that the majority of houses in Australia go for over a million now.
Has it been that bad for ages?

My wife is having sextuplets.

i think it has something to do with import export tariffs, free shipping for chinese sellers too.

We don't need to kill the rental market, but we do need to come up with some way to rein it in. You've got entire neighborhoods of small, affordable, starter homes getting bought out by upper class amateur investors and turned into shitty rental properties. Renting has completely overtaken owning in some parts of the country.

>Has it been that bad for ages?

Since around 2007 odd. Anecdotally a neighbor bought their house in 2004 for $650K and sold it last year for $1.4M. He didn't even fix the plumbing. Bought by a guy who has permanent residency, but on behalf of his brother in beijing.

No-one lives there as well, it's just a land banking situation.

You're going to have to start killing people if you want a better future, OP.

again, what does that have to do with your ability to get a job? nothing. you're just lazy.

>anyone who doesnt make 250K a year shouldnt be able to afford a house
Fuck off Xhang

Same here but people who complain are retards
>uni students earning 300 a week (if that)
>go on overseas holiday once a year
>festivals
>clubbing every weekend
>NEED to have a new car
>the house NEEDS to be new and fully furnished with top quality things

Actual retards.
I bought some shit house that needed lots of work and still needs work. But once i bought it the first thing i did was fix up doors and windows so i wouldnt get robbed, then go a proper bed and made my rook look alright. Rest of the house had nothing.
Then i made the outdoor entertaining area nice so i can have people over.
Just finished kitchen.

I still have 3 bedrooms, 1 bathroom, laundry, front yard, living room, dining room to do up and put furniture in.

Yea my house isnt perfect and doesnt look like my parents house. But your first house inst supposed to be fantastic its supposed to be some shithole that you trash a bit because youre having fun. And then when you hit like 25 you either sell it and get something a little better or renovate the fuck out of it.

i don't understand, why are chinese spending so much money for canadian houses and then not living in them?

Yup. Nothing you can do about that. My hope is that normies don't try to "fix" the situation and end up making things worse.

I used to commute for an hour both ways. Sometimes you have to be willing to sacrifice time for a large house.

and it will be beautiful

To completely dominate the real estate market/launder money.

this city is a fucking joke

not what i said, but you can't expect everyone to live in mansions next to major cities, right?

your average 4 bedroom bungalow 1 hour outside of toronto is affordable for someone making an average wage of $40k/year... they're approx $350k. but no, people want a 5000 sqft mansion on 5 acres of land next to casa loma. lol get real you will never be able to afford that, no matter how much the market corrects itself

Because its a way of laundering money for some and quick money for others. Canadians get fucked over in the process. The wonders of diversity at work.

well, you see, what it has to do with my inability to get a job is, jobs have left to china, where each dollar is worth 6 cents, and every product produced is sent back with little to no taxes. not blaming the chinese. it's the government's fault. then again, i'm just an idiot, really.

how is it quick money if they're paying double what it's actually worth?

meanwhile in America

>5 beds 3 baths 2,649 sqft
>$159,900

>RARE FIND--With Additional/Separate Living Quarters; Main Home--Four Bedroom, Two Full Bath; Living Area w/Gas Log Fireplace (could be Woodburning) & Gorgeous Antique Mantel; Kitchen w/Oak Cabinetry, Breakfast Bar, and all Appliances to Remain; Open Dining Area; Gleaming Hardwood Floors throughout Main; Nice Sunroom leading to Back Area; Large Laundry Room with Utility Sink; Workshop on Lower Level; Lots of Extra Storage... Additional Living Quarters with Separate Entry/Foyer---Living Area, Bedroom, Full Bath, & Wonderful Kitchen w/Lots of Cabintry & Counter Space...Sit Back, Relax, and Enjoy the In-ground Pool; Take advantage of the Level Yard Space for Your Outdoor Games; Minutes to all Area Conveniences--Schools, Shopping/Restaurants,& Interstate; Make this Your New Place to Call HOME!!

zillow.com/homedetails/5212-Clairidge-Rd-Knoxville-TN-37918/41606119_zpid/

so then why do most people have jobs...?

surely it's just your own problem...

>security doors

immediate pass for me

yeah but that's america, this is canada so its more $ to live here

LVT is the answer to insane rent/real estate prices

Read Progess and Poverty by Henry George for the solution

What they're talking about at the moment is allowing people to raid their retirement funds in their 20s to get over the mark for a mortgage. Obviously, that just pumps more money into a game that has too much in it already, and encourages people without means to take out wildly over-leveraged loans (this group would be very vulnerable to interest rate movement).

So, really, there is no plan to deal with this and nobody wants to come up with one. Crashing it will cause major problems (a lot of people have bought themselves other shit with the equity they have in their overpriced land).

If the prices came down a few hundred thousand the banks would have to reappraise risk on all those loans - big trouble.

They flip the house very soon after they buy it. In the mean time they illegally rent out rooms to students and immigrants.

yea for sure. but the thing is here, two hours away from toronto is still insane. I'm looking at an area 60 miles one way from toronto, and prices there for a 1200sf house on a normal ...45x110ft... lot are around 600-650k. and that's normal. I'd have to move to the middle of nowhere, like a 6hour drive from the city, to find a house for 200-something. It's kinda sad. The need to be close to an urban centre for predictable work is my only regret in being an electrician

wait, maybe it is the chinese at fault. they under-value their currency, supposedly. cheaters. as for your unfounded claim of me being lazy. wrong. you're wrong.

If you can't compete with nonwhites you don't deserve to live

>get 1 million mortgage for a shack
>govt steps in a fucks up the housing market trying to fix it
>your house is now worth 800k

Totally better use of your money

Sounds like your country is going to die, then. I'd care, but it's Canada.

You point your finger at some shit house and call it a mansion, and I ask for clarification.

How would that make me retarded?

50 years ago the average house would cost roughly 3 times the annual median wage; today the average house costs about 15 times the annual median wage.

This is a serious problem.

Having both live in Seattle and LA I don't think the chinks are the reason why housing prices are insane there. Seattle is kind of limited by geography and LA has third world mexicans come in and filling 20 people to a two bed room.

San Francisco on the other hand is being pumped up like Vancouver.

Oh, that is what you get for electing smugface cuck.

Georgism will solve this for anyone interested in a true solution

tax land not man!

> implying degenerate Australians aren't living decadently wile asian master race quietly takes over

it all depends on what your income is right

renting I think is great if you're making well into six figures, where you can still afford to save/invest the same amount of money you otherwise would be spending on a mortgage/equity. A lot of people-most people- just dont have an extra 2000 dollars a month to invest in safer markets while still paying for all other living expenses as well as rent.

You might be better off in the cheapest one room apartment you can find and just working your ass off until you can buy a house. I've never had to deal with big cities, but if it's anything like New York you'll need to make sacrifices. Even if it means living in some of the worst conditions.

It's great to know that wealth from the jobs that they sent to China from the US and Canada are now being used to buy up all of our homes too! Better them than us, right??

It's happening in London too. Asians and Arabs buying everything

>If you can't compete with nonwhites you don't deserve to live
>asian master race
you only get to pick one

Canada desperately needs a housing bubble pop.

I own a condo in toronto with around 100k in equity, still not enough lol. I hear you though

I'm not. But you aren't competing with people that can borrow money at 2%p.a. with $0 down:

afr.com/markets/market-data/interest-rates/zero-deposit-loans-for-chinese-investors-to-spur-australian-property-market-20151025-gkhujs

These investment banks are using this as a way to get slightly dodgy money offshore - the risk of it staying is high - so they'll take high risk, low reward avenues that a western bank will not touch.

You're officially out-competed by nonwhites. Whoops.

you have been reported, buddy.

yeah that means niggers

> Implying being a finance Jew is a legitimate business

Shill, post pic of babby stroller if you're for real.

Your woman should be raising children, not working.