I'll believe it when I see it.
Justin Trudeau hints at boosting Canada’s military spending
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Halifax Tar
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Quirky
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Yes it's that easy. You are clearly unaware of current salaries and cost of housing in this country.
I'm doing exactly what my parents did in the mid 90's, I have a good job, I'm saving and investing. No way in hell I'll accumulate the amount of wealth they did. Good thing for inheritances, not everyone is that lucky. Another thread successfully derailed!
take a lesson from the Kazakhstani's. The youngest son stays in the family home to look after the parents and raises his family there. The family works together to raise the necessary money for the older siblings to purchase their own home and move out. They start when the children are young. They work together as a family unit.Yes it's that easy. You are clearly unaware of current salaries and cost of housing in this country.
Another thread successfully derailed!
Brad Sallows
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High price-to-income ratios for housing are not synonymous with making wealth accumulation more difficult. I think it probable that wealth accumulation has become easier. Improved technologies and innovative engineering have made many routine daily activities easier (more productive, less time-consuming), and for the same reasons made many basic goods/services less expensive. A person wishing to compare circumstances to a previous generation should live as they did - same quality of accommodations, same quality of food, same quality and quantity of clothing, same number of cars, same infrequency of dining out and other leisure expenditures, etc, etc. I am confident that one would live much more cheaply that way.
Then the income not spent could be invested, and there are many more investment options with better net returns than were available to previous generations.
Then the income not spent could be invested, and there are many more investment options with better net returns than were available to previous generations.
Quirky
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My grandmother lived with us growing up and I'm sure my mom will eventually move in with us, probably in a larger house. It's pretty much the status-quo for Eastern European cultures.
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Never lived in a house until we bought one of these on Collegiate St, Wpg in the 70's. Paid $10,500.
Two bedrooms, no basement, oil heater in the floor outside the bathroom. Located near the airport runway, thus house shook. One time, on the roof adjusting the TV antenna, a 747 was landing overhead.
Brad Sallows
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Surprisingly large roof for such an otherwise small home.
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By education, I'm talking about post-secondary education for women in the 'western society' and completed high school for the rest of the world
In a nutshell, data show that the higher the level of a woman’s educational attainment, the fewer children she is likely to bear.
In Ghana, women with a high school education have a TFR (Total Fertility Rate) between 2 and 3, whereas those with no education have a TFR of about 6, even as recently as 2008. Similarly, women with a high school education in Ethiopia have a TFR of 1.3.
In considering whether female education actually drives a decline in the TFR, one might ask whether the opposite is true – do women who prefer smaller families want to study longer? However, the evidence from sub-Saharan Africa clearly supports the causal role of female education in fertility decline. For example, an education reform in Kenya that increased the length of primary education by a year resulted in increased female educational attainment, and delayed marriage and fertility. One randomized control trial found that reducing the cost of school uniforms in Kenya not only reduced dropout rates, but also reduced teenage marriage and childbearing. Another study found that increasing female education by one year in Nigeria reduced early fertility by 0.26 births.
A forthcoming study (Pradhan and Canning 2013) of education and fertility in Ethiopia estimated that an additional year of schooling in Ethiopia would lead to a 7 percentage point reduction in the probability of teenage birth and a 6 percentage point decrease in the probability of marriage. These are large effects, suggesting that women with eight years of schooling would have a fertility rate 53 percentage points lower than those with no schooling at all, and are consistent with observed data.
Why does female education have a direct effect on fertility? The economic theory of fertility suggests an incentive effect: more educated women have higher opportunity costs of bearing children in terms of lost income. The household bargaining model suggests that more educated women are better able to support themselves and have more bargaining power, including on family size.
According to the ideation theory, more educated women may learn different ideas of desired family size through school, community, and exposure to global communication networks. Finally, more educated women know more about prenatal care and child health, and hence might have lower fertility because of greater confidence that their children will survive.
Castus
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The only reason I was able to buy a house was because I went on repeated, back to back tours over a very short period of time. If you think a little bit of elbow grease and cutting back some luxuries (such as occasional eating out as a family) will grant enough money to buy a house in the 2020s, I have a bridge to sell you.
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There is definitely merit in what you say but there are many variables to this. Location is a big part of it, as well as type of employment for both yourself and your spouse, along with the standard of living that you live.
My wife and I both drive Honda's (yes, I'm originally from Windsor and yes I don't drive cars from the 'Big Three', but my cars are manufactured here in Canada), me a 2008 Honda Civic and her a 2016 CRV. Our cars are 15 and 7yrs old respectively. I have zero expectations of selling my Civic in the next 2, maybe 3 or 4yrs and that CRV will mostly likely be around for another 5+yrs. Could I afford to go out right now and buy a 3 series BMW, yes, luckily I could do so, same with my wife. But I had an accountant for a father, who worked 42yrs with Chrysler Canada in the financial department and he drilled into my head and my brothers head - "a car is a depreciating asset, treat it as such' - meaning buy a good car and run it into the ground before you buy another. My brother drives a 2000(!) Dodge Dakota pick-up truck still, it has over 550,000km on it. He doesn't intend to sell it until it breaks 600,000km and I wouldn't be surprised if he changes his mind at 600,000 and looks for 650,000km. He is luckily in the same position as myself, he could have bought a new truck years ago, decades ago, but the current truck still does want he needs it to do - get him reliably from Point A to Point B in some comfort and safety.
Prices of houses have gone up but people's expectations as to what is 'normal' have gone up even higher in my opinion. Hell, I peel off stamps on envelopes that haven't been cancelled by Canada Post just so I can re-use them and not buy new ones, that's how frugal I can be. When out of walks I pick up and take home beer bottles or liquor bottles so I can return them for the deposit.
Lot of thought there, thanks
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1st son inherits
2nd son to the ministry
3rd son to the army
4th and subsequent on remittances to Alberta to raise cattel.
It worked.
OceanBonfire
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QV
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Maybe not in some of the overinflated markets. But certainly in other markets.
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Cormorant helicopter upgrades to deliver improved Search and Rescue capabilities and economic opportunities for Canadians - Canada.ca
Today, National Defence Minister Anita Anand visited IMP Aerospace in Enfield, Nova Scotia, and joined representatives from Leonardo U.K. Ltd., IMP Aerospace, and other partners, who announced that IMP Aerospace has received a major sub-contract for the Cormorant Mid-Life Upgrade (CMLU) Project.
posted here as Im not sure where all the comorant stuff belongs. Looks like the on again off again is back on again. 16 helicopters upgraded
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Anyone else notice that the economic benefits are just as important to the GoC as ...you know... ensuring operational success at saving people's lives in a SAR environment?
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Peasant lives don't matter, just look at energy policy if you doubt what I said.
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