Banks need something to reduce their risks of lending you and anyone money. So the persons who have stable jobs with regular and predictable paycheques can be one of the evidences to reduce risks for the banks.
Escorting job may have high incomes in one day and no income at all in many days. So for the banks, escorting job doesn't have stable and predictable incomes and creates high risk for the banks to lend you and other escorts money.
The real estate market has been down for the past one plus years since May 2017. So there is no rush to jump into the real estate market to make any purchase right now. It's better to wait for at least a couple more years until after the real estate market will crash and the prices will continue decreasing more substantially. The real estate market will crash in the next couple years considering people's real incomes are not increasing and millions of young peoples in Canada are now attending post secondary education right now with very little prospect of finding quality jobs when they will graduate. So the unemployment will be higher because the Canadian economy doesn't create quality, full-time and skilled jobs as many as the large number of millions of peoples who are looking for quality jobs. That's why we're seeing large numbers of people who are in the 30s are still in the colleges and universities in Canada because there are not enough quality jobs for them and being frustrated in working in the part-time, low-paid retailed and unskilled jobs. Students' debts are on the rise and perhaps many peoples who are in 20s and 30s right now are having tens of thousands of dollars of the student debts.
Many of the degrees achieved by attending colleges and universities in Canada are useless because there are very little and opening quality jobs for people who have the degrees in Canada. The baby-boomers continue to work passing their usual retirement age around 62 - 65 because they don't have enough safety nests in their bank accounts and pension plans in addition to the rising costs of living, needed medications, hospitalization and major surgeries' expenses. The so-called "Walmart Greeters" who are the senior citizens continue working either part-time or full-time has already been a norm and commonly practiced in Canada.
Economic speaking, little of quality jobs are created, large numbers of unemployed and underemployed among people who are in 20s, 30s and even in 40s, as a result, the real estate market will collapse with major prices' reductions in the next couple years. We need young people to purchase entry level homes from the new and resale market so the older folks can sell their homes to move up to larger and more expensive homes. That is not happening right now because the young people are mostly unemployed or underemployed.
So it's better to wait for at least a couple more years until after the prices reduce more substantially to make a purchase in the Canadian real estate.
Escorting job may have high incomes in one day and no income at all in many days. So for the banks, escorting job doesn't have stable and predictable incomes and creates high risk for the banks to lend you and other escorts money.
The real estate market has been down for the past one plus years since May 2017. So there is no rush to jump into the real estate market to make any purchase right now. It's better to wait for at least a couple more years until after the real estate market will crash and the prices will continue decreasing more substantially. The real estate market will crash in the next couple years considering people's real incomes are not increasing and millions of young peoples in Canada are now attending post secondary education right now with very little prospect of finding quality jobs when they will graduate. So the unemployment will be higher because the Canadian economy doesn't create quality, full-time and skilled jobs as many as the large number of millions of peoples who are looking for quality jobs. That's why we're seeing large numbers of people who are in the 30s are still in the colleges and universities in Canada because there are not enough quality jobs for them and being frustrated in working in the part-time, low-paid retailed and unskilled jobs. Students' debts are on the rise and perhaps many peoples who are in 20s and 30s right now are having tens of thousands of dollars of the student debts.
Many of the degrees achieved by attending colleges and universities in Canada are useless because there are very little and opening quality jobs for people who have the degrees in Canada. The baby-boomers continue to work passing their usual retirement age around 62 - 65 because they don't have enough safety nests in their bank accounts and pension plans in addition to the rising costs of living, needed medications, hospitalization and major surgeries' expenses. The so-called "Walmart Greeters" who are the senior citizens continue working either part-time or full-time has already been a norm and commonly practiced in Canada.
Economic speaking, little of quality jobs are created, large numbers of unemployed and underemployed among people who are in 20s, 30s and even in 40s, as a result, the real estate market will collapse with major prices' reductions in the next couple years. We need young people to purchase entry level homes from the new and resale market so the older folks can sell their homes to move up to larger and more expensive homes. That is not happening right now because the young people are mostly unemployed or underemployed.
So it's better to wait for at least a couple more years until after the prices reduce more substantially to make a purchase in the Canadian real estate.
I really want to buy a small house either in Hamilton, Grimsby, St Catharines or even Guelph.
It sucks that you need an actual "job" to buy a house. I dont understand why you cant get a house if you have the down payment.
And these sky rocketing house prices need to stop!!
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