Canada inflation hits 18-year-high

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Originally Posted by MarkB

(1), (2), (4), (6), (8), (9), (1) All immigrant demand and international money. Agreed, but let's see if Trudeau will stand by his word and stop oversees non-residents from purchasing homes here. No doubt that's where the demand pressure is coming from ... but in my opinion it is a supply problem ... we have SO MUCH land and yet we have a supply problem??

(3) that's always been the case, for sure over the past several decades. I don't think that features as a "new" pressure.

(5) I believe cottages prices went up as a result of lockdowns, and people wanted to have an outlet ... with us returning back to normal, and let's remember, cottages require maintenance, soon many will realize it isn't for them. That, coupled with a rising interest rate, will cause a correction on these secondary homes ... this is why I target cottages.

(7) Of course I have a variety of investment ... I don't really like holding cash, but some necessary for a rainy day. The reality is access to credit (an empty line of credit is probably one of the best tools to have).

In the end I still believe in economics ... and I believe Trudeau cannot keep spending countless amounts of money, running enormous deficits, with rising inflation (18 year record?), record low interest rates ... without doing something about it ... people are suffering, and the only way to really slow inflation is to raise the interest rate to something more realistic. People will be caught in that mess that ensues ... and the market will change.

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Let me know next year how your doing and if the housing collapse happened.

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Originally Posted by trimmer21

ZERO!!

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My son has one in the driveway but its a 2500 Diesel 2019 with $10,000 wheels on it but he only paid $117,000.00

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Originally Posted by Gilroy

My son has one in the driveway but its a 2500 Diesel 2019 with $10,000 wheels on it but he only paid $117,000.00

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WOW!! Lifestyles of the rich and famous. LOL Well,you know the old adage "When you got it,flaunt it."

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Originally Posted by trimmer21

WOW!! Lifestyles of the rich and famous. LOL Well, you know the old adage "When you got it,flaunt it."

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No not really he had a whopping big loan at 4% that I let him suffer with for the past few years. Paid it off for him and put the car loan into a mortgage.

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Originally Posted by Gilroy

No not really he had a whopping big loan at 4% that I let him suffer with for the past few years. Paid it off for him and put the car loan into a mortgage.

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Top marks for letting him live and learn. One of mine blew $100K on a Land Rover. It was in the shop more than it was on the road (literally). Of course,they never listen to the "old man",like WTH does he know. I didn't need to bail her out. She got fed up and dumped it for a $20K loss. Another lesson learned.

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Originally Posted by trimmer21

Top marks for letting him live and learn. One of mine blew $100K on a Land Rover. It was in the shop more than it was on the road (literally). Of course,they never listen to the "old man",like WTH does he know. I didn't need to bail her out. She got fed up and dumped it for a $20K loss. Another lesson learned.

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Well done brother, this guys only saving grace is that he bought a bumper to bumper 10 years warranty and he has used it at least six times already and this truck almost never does any real work. The Land Rover I would not touch with a ten foot pole and anybody able to access the internet can research that pretty quickly. My son went from being a big Dodge fan, but after a few leaky roof incidents, a few sensor issues and what not he is seeing the light.

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Originally Posted by Gilroy

Well done brother, this guys only saving grace is that he bought a bumper to bumper 10 years warranty and he has used it at least six times already and this truck almost never does any real work. The Land Rover I would not touch with a ten foot pole and anybody able to access the internet can research that pretty quickly. My son went from being a big Dodge fan, but after a few leaky roof incidents, a few sensor issues and what not he is seeing the light.

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Mopar = moproblems

Lol

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Originally Posted by Birdbuff

Mopar = moproblems

Lol

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Tundra for me. Zero problems so far

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Originally Posted by Bushwhacker

Tundra for me. Zero problems so far

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I was talking to a retired LEO down in Campbell ford this summer and he was telling me he is pretty pissed of because he has already replaced the rotors and brakes on his Tundra and it was only about 18 mths old. However having said that my friend up north has a two year old Subaru outback and he is complaining of the same thing, my son think's its their driving rather than the quality of the vehicles?

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Originally Posted by Gilroy

I was talking to a retired LEO down in Campbell ford this summer and he was telling me he is pretty pissed of because he has already replaced the rotors and brakes on his Tundra and it was only about 18 mths old. However having said that my friend up north has a two year old Subaru outback and he is complaining of the same thing, my son think's its their driving rather than the quality of the vehicles?

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Probably. I have just over 400k on my truck and have only done the brakes once. Don't think there is anything exceptional about them I just don't ride them and let off the accelerator well in advance of a slow down or stop.