mikemhg | 04-10-2010 11:16 AM | This is the coming wave of the future, not just here in Vancouver, but worldwide.
We have moved to a service driven economy, along with massive inflation, redistribution of wealth, and lessening jobs. The future does not look very good, the idea of middle class is a middle century idea that will slowly fade away, most economists are calling this, none of us will have it like our parents did, and that is simple fact. Quote:
Originally Posted by cressydrift
(Post 6900181)
How is anyone going to be able to afford anything in 5 years on a 50k (which i believe is above average) a year salary?
HST on everything (Heard they are raising the gst to 12% on purchases of used cars even though its HST exempt)
Carbon Tax - goes up soon
Hydro went up + for sure will go up
Gas will always go up
Food prices are rising
Transit is crazy $$$
Post Secondary literally costs an arm and a leg
Housing -UP
ETC ETC
Can't imagine what the credit crunch will be like in 5-10 years. Personally I have been and am still learning finances to take care of my self. Many people how ever are not, and continue to rack up debt. We are doomed.
Maybe its time to buy some rental properties?;) | |