https://ift.tt/3pFPZeU via /r/CrappyDesign https://ift.tt/2ZsbWD4

https://ift.tt/3CpqeTM via /r/itookapicture https://ift.tt/3pJUgOy

https://ift.tt/3E6Fg14 via /r/programming https://ift.tt/3bhpbJk

https://ift.tt/3miwTsZ via /r/TheWayWeWere https://ift.tt/2XPdmag

https://ift.tt/3nCVp7G via /r/QuotesPorn https://ift.tt/3CmZDGB

https://ift.tt/3BmWeGK via /r/funny https://ift.tt/2ZDjQtR

https://ift.tt/2ZqHE3M via /r/NatureIsFuckingLit https://ift.tt/3nDMLGh

https://ift.tt/3jIUsd5 via /r/woodworking https://ift.tt/3pI0LBd

https://ift.tt/2XT0zUr via /r/mildlyinteresting https://ift.tt/2XSubBb

https://ift.tt/3bdeHuA via /r/houseplants https://ift.tt/3CvsYPz

https://ift.tt/3nqZnAr via /r/canadahousing https://ift.tt/3pDyhsA

https://ift.tt/3bclAfC via /r/mildlyinteresting https://ift.tt/3vNk0uq

https://ift.tt/3vv1SVI via /r/Documentaries https://ift.tt/3C9pdPo

According to the Globe and Mailparents gave their kids just more than $10-billion in down-payment help over the past year, which was 10 per cent of total down payments over that period. Just less than 30 per cent of first-time buyers got this help, which averaged $82,000Breaking it down by city, in Toronto parents have$130,000 for first-time buyers, while move-up buyers received an average of close to $200,000.While in Vancouvera first home [got] an average $180,000, while move-up buyers got $340,000 on average.This isn’t new:Close to 20 per cent of first-time buyers received this help in 2015, when the average amount was just more than $52,000.This is brutal. Folks who have more get more, while people who come from poorer families get less. via /r/canadahousing https://ift.tt/3CirYhq

https://ift.tt/3vPt81C via /r/BeAmazed https://ift.tt/3Cgvwkq

https://ift.tt/3b7Mcyw via /r/ontario https://ift.tt/3Bdb4PM

https://ift.tt/3CfMtLF via /r/OldSchoolCool https://ift.tt/3vHHReN

https://ift.tt/3vFi7Q9 via /r/space https://ift.tt/3b6PLoE

https://ift.tt/30Y3OLq via /r/woodworking https://ift.tt/3pzMab4

No text found via /r/quotes https://ift.tt/2ZovbxM

https://ift.tt/3m9ts7U via /r/Damnthatsinteresting https://ift.tt/3vCk0xa

https://ift.tt/3b6ARic via /r/RetroFuturism https://ift.tt/3pwsdBQ

https://youtu.be/9IBPeRa7U8E via /r/programming https://ift.tt/3pxRThB

https://ift.tt/3jw4TR2 via /r/ArchitecturePorn https://ift.tt/3b3upZl

https://ift.tt/3B9GUx8 via /r/itookapicture https://ift.tt/3b65EeZ

https://ift.tt/2ZhLdtn via /r/Damnthatsinteresting https://ift.tt/3GfuPtT

https://ift.tt/3pvy0I3 via /r/pics https://ift.tt/3pvI2Zx

https://ift.tt/3m8SsfG via /r/mildlyinteresting https://ift.tt/3GkfeJo

https://ift.tt/3b9ObSI via /r/aww https://ift.tt/3psHvYx

https://ift.tt/3b5OUVm via /r/TheWayWeWere https://ift.tt/2Zhu7ff

https://ift.tt/3jvIdAi via /r/Damnthatsinteresting https://ift.tt/3nmlwzL

https://ift.tt/3jxIPp2 via /r/Unexpected https://ift.tt/2ZikjBH

https://ift.tt/3b4Wcss via /r/aww https://ift.tt/3jxynhj

https://ift.tt/3m9IDhD via /r/Damnthatsinteresting https://ift.tt/3E89DnM

https://ift.tt/3EqIZa3 via /r/pics https://ift.tt/3B9pGjl

https://ift.tt/3nmlp7j via /r/AnimalPorn https://ift.tt/3b4es4T

https://ift.tt/2XG3vDN via /r/NatureIsFuckingLit https://ift.tt/3b6SMp2

https://ift.tt/311zdwF via /r/houseplants https://ift.tt/3BcQEX8

https://ift.tt/3py6wBr via /r/houseplants https://ift.tt/3nlS0u1

https://ift.tt/2ZhZbLa via /r/Damnthatsinteresting https://ift.tt/3B8GYx6

https://ift.tt/3BbE0YG via /r/canada https://ift.tt/3B4Etfa

https://ift.tt/3GiixRy via /r/OldSchoolCool https://ift.tt/3Gl93Vx

https://ift.tt/3pyw1m8 via /r/BeAmazed https://ift.tt/3nsWaAp

https://ift.tt/3EhLewh via /r/funny https://ift.tt/3b2TL9I

https://ift.tt/3nnMmaE via /r/houseplants https://ift.tt/3BcQHSO

https://ift.tt/2ZrpVth via /r/funny https://ift.tt/3m9XvfL

https://ift.tt/3qwX3ZT via /r/todayilearned https://ift.tt/3pzeudM

https://ift.tt/3pCfNZh via /r/graphic_design https://ift.tt/3m93rpg

https://ift.tt/3m5dITv via /r/Foxing https://ift.tt/3ma3Tnu

https://ift.tt/3C69Kj7 via /r/interestingasfuck https://ift.tt/2ZfRzJo

https://ift.tt/2ZrKSUX via /r/OldSchoolCool https://ift.tt/3b7Qki4

https://ift.tt/3l04Tav via /r/philosophy https://ift.tt/2XL7XkI

https://ift.tt/3pBCTiG via /r/todayilearned https://ift.tt/3BaWkB1

https://ift.tt/2XFXmax via /r/todayilearned https://ift.tt/3Cbnucq

https://ift.tt/3Ba3yFw via /r/CanadaCoronavirus https://ift.tt/3nsQO8h

https://ift.tt/3GsbLc6 via /r/OldSchoolCool https://ift.tt/3Gfldzj

https://ift.tt/3Be9JbA via /r/Art https://ift.tt/3EaDHPB

https://ift.tt/3CataDq via /r/houseplants https://ift.tt/3noAwgt

https://ift.tt/2XEKTE0 via /r/Unexpected https://ift.tt/3jzKfzr

https://ift.tt/35B9oSK via /r/funny https://ift.tt/2XFBeND

https://ift.tt/3Cc2fqW via /r/houseplants https://ift.tt/3jyHOgr

https://ift.tt/3jy35aa via /r/ArchitecturePorn https://ift.tt/3jxfueF

https://ift.tt/3Cc4rPg via /r/aww https://ift.tt/3jxuAAx

https://ift.tt/3b27HRe via /r/woahdude https://ift.tt/3bkK5aR

https://ift.tt/3Caf44Y via /r/aww https://ift.tt/30N9Uhu

https://ift.tt/3pziXx4 via /r/houseplants https://ift.tt/3vGoEtR

https://ift.tt/2ZneN0k via /r/TheWayWeWere https://ift.tt/3puEaYU

https://ift.tt/3EbwzCF via /r/houseplants https://ift.tt/3vEBGrX

https://ift.tt/3b7GLQc via /r/houseplants https://ift.tt/2ZfY66S

https://ift.tt/2ZhL4Wc via /r/houseplants https://ift.tt/3GsLJFJ

https://ift.tt/3B58LOJ via /r/NatureIsFuckingLit https://ift.tt/3jt6vuD

https://ift.tt/2XJ5h76 via /r/serbia https://ift.tt/3nhWoKg

https://ift.tt/3pv8imP via /r/interestingasfuck https://ift.tt/3m7HW8j

https://ift.tt/3B8XHAj via /r/Damnthatsinteresting https://ift.tt/3CgNXpa

https://ift.tt/2Zs6aSd via /r/pics https://ift.tt/2ZgTttH

https://ift.tt/3pMixnd via /r/OldSchoolCool https://ift.tt/2ZilKjx

https://ift.tt/3mbndki via /r/interestingasfuck https://ift.tt/3pxmwUh

https://ift.tt/3GhgUDt via /r/TheWayWeWere https://ift.tt/2ZgKFDo

https://ift.tt/3b5ehXb via /r/aww https://ift.tt/3pC9x3X

Hi everyone,First of all, thank you for taking the time to read this.I have 2 lovely, lovely, friends (engaged) who are in major need of help (and still a bit of denial).Here are their situations:Laura, 31 years old.$7,912.94 credit card debt @ 24% interest. (down from $11,500)$19,788.51 LOC debt @ 6.25% interest. ($20,000 limit)Car financing: $17,718 remaining @ 5.57%Monthly income: fixed $2028 (currently on EI)​Mike, 33 years old.$10,000 credit card debt @ 19% interest$10,000 LOC debt @ 6.25% interestMonthly income: approx $2800 ($28/hour personal training for goodlife)​Total household income: $4,828NO SAVINGS.​EXPENSES:Monthly Debt Repayment:Laura Visa minimum payment: $276.84Laura LOC minimum payment: $97.82Laura car financing: $343.44Mike Visa minimum payment: approx $250 (estimating)Mike LOC minimum payment: approx $50 (estimating)Total Debt Repayment: $1,018.10​Monthly Fixed Expenses:Rent: $1,512Laura car insurance: $194Mike car insurance: $263Laura phone bill: $56.50Mike phone bill: $85Internet: $35Electricity: $130Dog food: $17.50Dog grooming: $8.34Laura eye contacts: $66.67YNAB subscription: $15Total fixed expenses: $2,383.01​Monthly Fluctuating Expenses:Groceries: $600Gasoline: $200Laura fun money: $100Mike fun money: $100Laura and mike personal care: $100Total fixed expenses: $1,000​What’s leftover at the end of the month for additional payments on Laura’s visa: approx $326.89I used this debt calculator today: https://ift.tt/3vF5pkw Laura’s credit card, and a total payment of about $600/month, her credit card should be paid off within 16 months. But, the other debts continue to grow, as do the minimum payments due to the interest.Is this doable? Can they avoid consumer proposal or bankruptcy? They have no savings.We are using the debt avalacnhe method. Our plan was to tackle Laura’s visa, then Mike’s visa, then Laura’s LOC, then Mike’s LOC.I was going to get Laura and Mike to try to transfer their CC balances to a 0% interst card. Their line of credits are maxed out and they got denied for an increase.Some notes:Living in Toronto. WhitbyBoth Laura and Mike are vegetarian.I have successfully gotten them to stop using their credit cards and line of credits, and only spend on debit. They are only purchasing the essentials, cutting everything possible out.Laura is an RN, but refuses to get the covid vaccine so is unable to work in any healthcare jobs that require a nursing license or a covid vaccine. She is also taking some holistic nutrition 12 week bootcamp that is only accessible to doctors/RNs/etc. She quit her job to focus on it, but it was designed for working professionals to take it while still working as doctors and nurses. She says her main focus is to pass this course with flying colours and doesn’t want to get a job until its done at the end of the year. She very health focused and still wants to be able to buy her probiotics, supplements, and vegan protein powder.Please let me knwo if I accidentally left anything out via /r/PersonalFinanceCanada https://ift.tt/3pxboa3

No text found via /r/AskReddit https://ift.tt/3vCBOrU

I put together some graphs that compare the US and Canadian economies. It seems while the US economy does have its housing booms, Canada’s business investment has seemed to have shifted in a more permanent fashion.In 1999, Canada had a spending ratio of about 1.85X on productivity enhancing business tools vs residential construction. The US ratio was about 2.4X. Today, the US spends has about the same ratio (2.4X), whereas Canada’s has fallen to 0.5X, a decrease of 73%.In 1987, in the last housing bubble, spending on machinery/eq/ip was still above 6.2% of GDP, giving a ratio of about 1.0X. Yes, we had too much credit flowing into real estate, but at least we still had a balance between productivity investments and speculation. Today, real estate speculation is near double that of productivity enhancing investments.In fact, since around 2009, the level of investment into machinery/eq/ip has remained lower than in the depths of the early 90’s recession. In a way, we are suffering through a 12 year old recession, because we are unwilling to raise rates and get back to a real economy, rather than a credit fueled housing bubble.Productivity drives growth and increases living standards over the long term. Housing bubbles make some people rich on paper, but ultimately do nothing for growth. Strong economies don’t have households with record debt. Nor do they have headlines telling people to buy a house now, or regret it for the rest of your life. Canada is in a bad way and something needs to change.In my opinion, we need higher rates and without them, we are setting ourselves up for some serious economic and political turmoil. Pay now or pay later.Source data…Statcan & Bureau of Economic Analysis. via /r/canadahousing https://ift.tt/3Ehsm0p

https://ift.tt/3jrZ4nJ via /r/itookapicture https://ift.tt/3Bc3iFQ

https://ift.tt/3b9ZXMU via /r/ArchitecturePorn https://ift.tt/3nhX5Dw

https://ift.tt/3ogUObk via /r/ofcoursethatsathing https://ift.tt/3b8c9Oy

https://ift.tt/3B9w7D8 via /r/houseplants https://ift.tt/3pBOEWn

https://ift.tt/3vKMbKj via /r/RetroFuturism https://ift.tt/3B9YJvU

https://ift.tt/3jwreOa via /r/funny https://ift.tt/3jyDyNY

https://ift.tt/3jz6ndo via /r/plants https://ift.tt/3pxxBol

https://ift.tt/3npRCe0 via /r/dataisbeautiful https://ift.tt/2XE41C4

https://ift.tt/3nitlGC via /r/OldSchoolCool https://ift.tt/3BaOnMb

https://ift.tt/3mbmcbY via /r/houseplants https://ift.tt/3GeSjzj

https://ift.tt/3GfmrdS via /r/ScienceNcoolThings https://ift.tt/3mbmijQ

https://ift.tt/3b2NxX9 via /r/aww https://ift.tt/2Zmii7n

https://ift.tt/3B9tfWK via /r/ProgrammerHumor https://ift.tt/3Bb7uG7

https://ift.tt/3B9qa9g via /r/Damnthatsinteresting https://ift.tt/3jwWKvI