Aren't children just a function of their environment they grow up in, so I feel like it's natural to say your parents had a large influence on the way you grew up.

I guess the bigger question is, is there a way to train your children to not blame their parents but to understand why they are who they are?

Parents can't, and don't provide the only environment in a kids life though. They will be around their friends much more in their later formative years. All you can really do is hope you gave them good decision making skills in that regard.

Or stay in your house until you die and you don’t have to worry about it. Your house will bottom out, stop depreciating yet the land will continue to appreciate. You don’t have to give the realtor hooker cash every 3 years, PPT to the government… and soon.. pay tax on any gains on your primary residence.

The best financial decision is to buy an old house, Make some cowboy frontage form the 1800’s of an “L” house, and take photos for your cousins.

Aren't you gonna loose your ass again on the realtor fees? And the scumbag property transfer tax? :considered:

Government mis-management :sweetjesus:

Perhaps Badhobz is looking to hire the real estate agent who gave BJs as part of the transaction. :suspicious:

Badhobz: Sell my house every year..or at least list it.
Real Estate Agent: *gets down on knees* Yes sir.... *unzip*

Start a cult?

You would be proud to hire my kid.

I'm going to take every hard lesson I ever learned, and put him in situations that he can figure that out for himself as early and as much as he can handle it.

He's going to have grit, and he's going to persevere especially when times get tough.

And all the while he's going to make sacrifices for the benefit of others, so long as he can do it without egregiously putting himself in harm's way.

I'm not raising no weaksauce asshole child, there's no room for people like that in the coming years. You would hire him.

Refer to my signature :lol

US Fed announces they expect multiple rate decreases in 2024, markets are taking off.

Hope Canada follows suit so I feel less poor.

I guess the majority of people will renew mortgages at variable rates this year to benefit from the rate decreases.

I had to renew at a fixed rate for three years.

Peanut Butter - What life advice do you have for me? What should I do?

Move in with your parents. Live in their basement. Work harder. Wait..... Is that peanut butter's motto or someone else's.

God damn so the Dow is at all time highs while the TSX is still below it's March 2022 highs by like 6% FeelsBadMan

Regarding parenting ... but then there is a specific thread on it. Here is a mantra to live by:

Parents take way too much blame if their kids turn out terrible and they take way too much credit for them turning out well.

In other words, you can have really great parents and one son is a frickin Nobel Peace Prize candidate and the other is living in a rented basement apt hopping from McDonald's to KFC.

But still, you gotta do the best that you can as parents or for the sake of the world, don't have any.

I guess it depends on what you need advice on.

Generally though, I think you should be proud of yourself and your accomplishments. Most people I know don't give themselves much credit. I'm pretty sure you're Chinese (since you went to HK with family). So I'm going to assume you have some sort of a complex where you don't think you're that big of a deal or you don't think what you do is all that impressive, but I would bet if we put pen to paper, you would objectively be impressive compared to the average person. And if you don't have this complex, good for you.

On a larger scale, I would need to know your 30 year goals and if legacy is important to you. If it's not, you probably shouldn't take my advice or pay much attention to what I write in these threads.

Oh man. I'm really excited about 2024. I want to see what happens with the financial market AND the real estate market. It should be an action packed year!

It's hard to believe the Real Estate market can go any higher. I can understand how stocks and businesses go higher on a fundamental basis, ie. if your earnings increase your earnings multiple should increase, but who's affording all of these $2M houses??? Maybe we're at the upper limit for detached houses and it'll stay around the $2M mark for awhile.

Just based on what I see as a potential buyer checking out places the last 2 months, it’s still moving if a house is good quality or special in some way like it sells within 48hrs of listing, so if interest rates go down at all it’s going to be back to feasting again in my opinion.

yup.. i can't seeing it drop for 1% right off the bat.
so yes.. from GICs now down to 3.35 / 3.5% just last week (from 5% 4 weeks ago), there will be a dip in interest rate. 0.25% to begin with. I cannot see it going fully right off the flood gates. It'll also take 3 mths to take affect on the mortgages...
real estate will always keep going up.. we are not poor, there are just a lot of rich people.

the market is gonna blow up as soon as the rates drop. Hell, it seems the cheaper properties are already flying off the market.

Anyone on a Halal mortgage? Is it better in the long run or works out to be about the same?

aint no halal back girl.....

WTF is ahallllal mtg

^ so Muslims have this principle to live by that you can't make money lending money, no charging interest. So there is a 'Halal' mortgage plan. There are several ways around it so that you are not paying 'interest' ... but you are kinda. Maybe someone from the Muslim faith can speak to this and explain. I think you'd have to be a practicing Muslim and want to honour this but I'm guessing most don't ... ??

Interesting 5-10 minute read - learn new shit everyday

What is a Halal Mortgage?

How have I never ever heard of this before in my whole life lol...