u/CastAside1812

Hi there. There's a available subreddit name I want to use for my own personal subreddit.

Can I create this sub and then make myself the only poster? Basically I want to use it as my own personal soapbox.

Hi there. There's a available subreddit name I want to use for my own personal subreddit.

Can I create this sub and then make myself the only poster? Basically I want to use it as my own personal soapbox.

The amount of money held in Welathsimple by 25-35 year olds is suprisingly high. But after realizing that the average FIRST TIME home buyer is 40 in Canada. It starts to make more sense.

I guess if they haven't had to blow 150K in a downpayment, they WOULD have a lot in wealthsimple.

Do you think there's a cliff somewhere in the mid to late 30s where all the downpayment cash falls out of the account? Would be cool to see a graph of average value by age in wealthsimple.

Increasing your payment amount permanently increases how much you need to pay each month for the life of your mortgage. You obviously save interest but you're stuck paying that new amount for the rest of the mortgage.

Why not just use a double up payment of an equivalent amount? You can change it whenever you want (up or down) and you're not locked in.

Seriously, everywhere I look I see the guy getting attacked. And I'll be honest I didn't vote for him myself and I have plenty of issues with his policies and crony-ism.

But at the same time you have people blaming him for literally everything going on in the province. Doesn't matter if it's even tangentially related to him, whether it's a municipal or federal issue, they always find a way to blame him.

Why is the anti Ford sentiment so high? Was it like this when we had Wynne?

A single person with a pay of 120K for their whole household is barely able to support themselves and a partner. Nevermind kids or anything beyond necessities.

Yet if you make 120K, even as a sole income earner in a household, your marginal rate is 43%.

Someone making 120K a year will need to save for years to even dream of owning a home yet they are being taxed as if they are a wealthy aristocrat.

When homes are 750K, rents are 2500, groceries are 800 a month, car insurance is 200 a month, a "cheap" new car is 35K you CANNOT say 120K is anywhere near wealthy nor deserving of such a high rate.

I see so many posts of people taking the absolute max the bank will offer them for a mortgage and stretching themselves as thin as possible.

I recently found out the average Canadian pays off their mortgage at around 57-60. So this implies to me most people are just making the minimum payments for the entire duration of their mortgage.

People are stretching their terms to the max, and paying the absolute minimum they can every month to get into a nicer home that they actually cannot afford.