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originally posted by: Bluntone22
a reply to: FamCore
All the years of kicking the can down the road will finally catch up to them.
Canada’s Property Bubble Is Now So Large, A Soft Landing Would Take 19 Years
Canadian real estate prices are now beyond frothy, and the government says that’s fine. They believe they can prevent home prices from falling, and let incomes catch up. If you’re in government or banking, you may have already seen me explain how impossible this is. If you haven’t, this is known as the “soft landing” scenario, and it has never happened.
originally posted by: Edumakated
a reply to: FamCore
Pensions are toast. The loss of tax revenue from the shut downs will be making pensions under funded even more. A big part of the Covid package was trying to covertly bail out blue cities pensions problems.
originally posted by: Edumakated
a reply to: FamCore
Pensions are toast. The loss of tax revenue from the shut downs will be making pensions under funded even more. A big part of the Covid package was trying to covertly bail out blue cities pensions problems.
originally posted by: TexasTruth
a reply to: Grenade
Bingo! If it was intentionally released, that is exactly why. Money
My pension has been hacked apart so many times during my 20 years with the city I have no idea what to expect when I retire. I just hope what I put in is still there.
I’ve heard of a few evil places filing bankruptcy to screw over their people. Looking at you Detroit.
originally posted by: Realtruth
originally posted by: TexasTruth
a reply to: Grenade
Bingo! If it was intentionally released, that is exactly why. Money
My pension has been hacked apart so many times during my 20 years with the city I have no idea what to expect when I retire. I just hope what I put in is still there.
I’ve heard of a few evil places filing bankruptcy to screw over their people. Looking at you Detroit.
Our apathy, willful ignorance, and being easily divided in the USA is going to cost even people that think they are well-to-do everything financially.
originally posted by: TrulyColorBlind
originally posted by: Realtruth
originally posted by: TexasTruth
a reply to: Grenade
Bingo! If it was intentionally released, that is exactly why. Money
My pension has been hacked apart so many times during my 20 years with the city I have no idea what to expect when I retire. I just hope what I put in is still there.
I’ve heard of a few evil places filing bankruptcy to screw over their people. Looking at you Detroit.
Our apathy, willful ignorance, and being easily divided in the USA is going to cost even people that think they are well-to-do everything financially.
Would you say that it's the poorest bracket, who are barely (or not so barely) just managing to stay afloat on their income and who have no money to invest in stock market-type financial markets, that will be hit the hardest? It always seems like it's the little guy who always suffers the most. That would include a whole lot of families here in the United States.