/biz/ - Business & Finance

Why the fuck would you have a mortgage at 21?

>>827434

>Parent's mortgage

>>827434

Am I the only Canadian on this board who genuinely thinks his future is going to be bleak as fuck? I think it's going to be worse than the State's crash in 08

>>827448

What makes you think that?

>>827454

>https://www.reddit.com/r/PersonalFinanceCanada/comments/3e7d8a/how_to_prepare_for_the_impending_canadian/

This, I lurk sometimes and I heard bank of canada lowered interest rates

I probably sound retarded, but I'm not really informed of the state Canada is in, what's going to happen to the Middle class? I count my family in the middle class, and can't help but think we're all fucked.

I haven't told anyone about my thoughts and my dad virtually doesn't care - I think

Am I being paranoid? I lurk here a lot more than that subreddit, and actually ask for advice here, but I usually stay away from threads I know fuck all about

Ndp will win the election in oct which means Canada will become more socialist.

Over 50% of the TSX are energy companies that are dependant on oil price.

Aging population with more pensioners than contributors.

Highest unemployment rate for youth in decades.

Gg canada

>>827557
electing leftists is like suicide in this situation

>>827560
Orange tide in Alberta shows growing support for NDP

>>827562
Not surprised. Populism wins elections. Just look at Greece.

What meme index fund do i get if Canadian?

Td e-series is fucking garbage now... What happened to their 0.60% MER funds?

And whats up with that <5%/year growth since conception?

>>827569
Nah bro go with bitcoin. Canada is a banana republic headed for a recession.

>>827577
Bitcoin has performed worse than any other currency in history in the last year

It fell by like 75% in under 10 months, I may as well just burn all my money and then shoot myself

Is there anything good about what's Canada heading into?

>>827569
VFV, VGG, VAB

>>827741

Is there a wiki specifically for beginners?

>>827691
Canadian here. Work for one of the six major banks.

If you are American it may be a great time to invest in a country about to be in the shitter for 3-5 years. The Canadian dollar will slip below .70 soon, especially if the Fed institutes the rate hike. It would be a fantastic time to scoop up Canadian assets that will inevitably recover when commodities rebound.

If the NDP get in (Canadians are plenty dumb enough to hand over their country to pseudo-leftists) we could be in for a rough decade or two.

>>827753

what kind of affect will it have on normal people?

>>827753
What is best to hold as a Canadian right now? Would it be wise to just hold onto index funds until they rebound?

Because most of them are at a net negative this year, especially last few months but the years before were quite good.

>>827753
>NDP

The Liberals have the best shot at dethroning Harper

>>827758

What happens if NDP win?

>>827448
as long as the chinks keep bringing their money in it will be fine.

>>827569
What's wrong with the e-series?

>>827747
Just Google Vanguard Canada and look at the funds listed on the TSX.

Buying their funds is a really good idea due to their low management fees, but because of the low dollar you'd get fucked if you wanted to buy their NYSE funds. Look for funds that aren't based off the Canadian market, since i think it's pretty obvious with our dependence on energy that it will go down pretty hard.

>>827864
Then Iran floods the market with 20 million barrels of oil and the TSX will go for a shit since over 50% of the companies listed are dependant on oil price.

Shiggydiggy canada fags.

>>827891
I meant buy Vanguard funds listed on the TSX that are based off of other markets, like the S&P 500. Only reason I recommended buying tyhem off the TSX is because with the exchange rate at 0.77, you'd be losing a colossal amount of your purchasing power if you want to buy US stocks, and it's unlikely a beginner investor like OP has a significant amount of USD sitting in one of his brokerage accounts.

>>827563
>Not surprised. Populism wins elections.

ndp won in alberta because the APC party being exposed as corrupt and incompetent, while the Wild Rose party can't keep its crazies under control.

Basically, "Party A fucked it up, Party B is a bunch of loonies. Fuck 'em both, I'm voting for Party C", who just happened to be the ANDP

>>827758
>The Liberals have the best shot at dethroning Harper

Not if you look at the polls. We've had Orange Crush twice in recent history. The NDP are being taken more and more seriously as a contender.

>>827895
I see, makes sense.

>>827910
This logic will extend to federal level.

Harper fucked it all up
Trudeau is a baby faces bitch
Mulcair has a beard

>>827462
https://www.linkedin.com/pulse/crazy-canadian-credit-confronts-crude-eh-vikram-mansharamani

Remember, there are almost as many realtors in the county as there are people working construction making these homes.

So many things are fucked right now, but house prices keep going on and people keep buying, the cycle feeds on itself until something has to give.

And as a reminder to some people on this board, Canadian mortages have to be renewed every 3/5/10 years at whatever is the current rate at that time.

>low interest rates have been around for years now
>people consider them the 'norm'
>they have no idea what kind of shit storm is on the horizon if rates rise

anyways, if it was me, I would have raised the BoC rate by 25 basis points


>>827562
alberta fucked itself over.
all those years living the dream of the boom and not planning for any kind of downturn.
and now all these user fees are popping up the plug the holes in their budget.

>tfw canadian
>run an estore selling shit for USD
>tfw making 30% more when i convert to CAD

die CAD die

>>828002
what kind of an e store do you run?

>>827462
You're a Retard who doesn't know how to understand for himself and all your sources are shill so you believe bullshit. We may have a recession as the business cycle goes on, it's normal no post apocalyptic chaotic destruction that's unrecoverable

>Be Canadian
>Family is materialistic dicks whos only advise is to go to school and get a job instead of flipping burgers
>Shit happens at 13 and I'm living in a group home until 18
>Move in with gf and her family
Now:
>Unemployed
>lost 3.5 years of high school credits through a 'technicality'
>Hardly can find work, only temp jobs here and there
>Spent most of my life playing video games
>College won't let me in due to lack of grade 12
>Old family won't aid me
>no debt or assets

If Canada goes down, Will this really effect me?

>>827411
>My debt going to be worth more than my house?

Yeah, basically. House values are going to drop by 30% over the next 6 years. It will be gradual, and it will be painful.

If you took out a really high mortgage at a low rate, it's going to be worth more than the property, and you're going to have to renew at 5% or more the next time it comes up for renewal.

Lots of Canadians who parked all of their wealth like idiots, into real estate because it "always goes up" and is "safe" are going to learn the hard way.

>>828047
>If Canada goes down, Will this really effect me?

not really, you're already about as fucked as they come. But right now you have a lot more options than you think. You have time and an internet connection and you live in a first world nation.

>>828087
You could sell now, and use the proceeds to rent for 3 years. a 3 year lease can be had for super cheap.

>>828144

Now would be the perfect time to get out and stay liquid for the next few years, picking up other assets at discounted prices.

>>827753
>work for major banks

Lel banks will be the first ones downsizing, especially the ones in marketing departments

This is why I'm not regretting my decision to not stay in Canada for work, OP. Next year I'll be applying for international schools in Japan and later on this year I'll be applying for the JET program. I have a teaching degree and if I try to find work in Canada I'll be volunteering for years, forced to suck up to principals and will be on the unsteady supply list for like a decade as baby boomers hold onto their jobs like life support. This recession just kind of validates my decision to find work outside of Canada. Methinks I'll save enough money to buy a house, and start up a small business once I want to leave.,

>>828087

>Yeah, basically. House values are going to drop by 30% over the next 6 years. It will be gradual, and it will be painful.

ah so it'll be as time goes on...but holy shit...that is going to be painful...

I'll be honest right now, kinda hating life right now...fuck life

>If you took out a really high mortgage at a low rate, it's going to be worth more than the property,

My mortgage is pretty low

>>828219

You're lucky Anon,

because you're not where I am right now.

>>828233
Thanks... I've been a little down lately since my dream feels so far away.

You can make a plan and get it to work, too, anon. Times are just tough, but you can do it.

>>828243

Thanks anon

>>827560
We have to choose between a tyrant a retard and a bunch of socialists. Kind of fucked no matter which way we go. At least the NDP are downplaying the rhetoric these days...

>>827758
No, they really don't. After people got past the hair, charm and famous name, they realized Justin Trudeau is a high school drama teacher who makes dick jokes about fighter jets and admires the Chinese government. He's dumb and people know it.

>>827411
Why don't you just move to the US. You could just jump back in forth between countries during recessions. Your standard of living won't change all that much if at all.

the hole world is so yes

GUNS BUY GUNS FOR FUCKS SAKE GUNS

Testing

Will this make immigration to Canada more difficult because less jobs or they will implore skilled immigrants to come because reasons?

Is it always prairiefags and torontards making these threads? I don't run across anyone else who has this intense paranoia

>>828415
You can come in just because you're an immigrant but fuck off we are full

>>828437
I'm skilled I swear! :^)
No, seriously, Toronto is already immigrant, one more will not make a difference..
Shit, I'd work in the territories if it means I get to be canadian after a few years

>>828442
>>828437

Doesn't matter if you're immigrant or not, we're fucked anyways.

>>828147
Knows what's up.

>>828228
>I'll be honest right now, kinda hating life right now...fuck life

Why? If you're smart, you have a low mortgage, with a lot of it in equity already, and numerous other assets in fixed income and the global markets.

If you treated your house like some sort of investment, took on a huge mortgage for a plywood monster just because your stunted realtor told you "they always go up".. Then I have no sympathy for you.

>>828327
>>828328

Stop making the economy a political issue. The mechanisms by which any one government can effect changes in the economy are very limited. Harper has done nothing for this economy either, so at worst, the NDP will do just as bad.

>>828463
>the NDP will do just as bad.

By NDP doing bad you mean full retard right?

>>828476
NDP stands for Now Depression Progression

>>828476

Tell me, how can the NDP, in a minority parliament, crash the Canadian economy? Provide precise examples with the exact mechanism.

>>828482

How can it not?
Fucking commie gun grabbing bucket of maggots

>>828491

I'd like an underdog NDP government simply to stir things up here and expedite the onset of a price correction in real estate, which the conservatives will try to stall for as long as possible, resulting in a more dramatic and harder crash.

>>828497
It seems I have just undergone a correction myself. Keep up the good work

>>828482
>Tell me, how can the NDP, in a minority parliament, crash the Canadian economy? Provide precise examples with the exact mechanism.

>Pro Union policies: makes manufacturing impossible i.e. Ontario's current policies under Liberal cunt Wynne
>Business Tax rates: same as above
>Green policies: Hurts our resource sector which is a major asset of the Canadian economy.

>>828500

The Bank of Canada has very few tools remaining to keep housing prices inflated and subsidizing the stupidity of the average Toronto and Vancouver real estate customer. Interest rates are at rock bottom and the previous rate cut did nothing to stimulate the broader economy, it just allowed more stupid people to take on more cheap credit, which they normally wouldn't be able to afford in a "normal" interest rates environment.

What the conservatives did is essentially put down the framework for a debt crisis, which will be more severe than anything you saw in 2008, because it will affect anyone with a mortgage, not just a few wealthy people active in the stock markets.

Again, I want to stress how divorced political dogma is from tangible economic reality in Canada.

>>828354

I don't know how I feel about advising my parents to buy enough US Dollars , which, thanks to the fucking loonie is 30% less than USD. They don't know about the shit storm that's about to happen and I'm hesitant about telling them

>>828416

>Is it always prairiefags and torontards making these threads?

Torontard here

> I don't run across anyone else who has this intense paranoia

Either they know their fucked and have already accepted it or they don't realize what's going to happen.

Is it going to be like the 08 Financial Crisis that happened in the States?

>>828460

> If you're smart, you have a low mortgage,

Check

>with a lot of it in equity already,

It's my dad's house so I assume he has equity

>if you're smart

I don't know what equity, but thank's...


>numerous other assets in fixed income and the global markets.

>implying I'm an investor lel

Nope, I'm about to receive a ton of cash pretty soon, that's when I start turn the doorknob to investment.

>>827411
Read the affidavit of Walker Todd

>>828608

Ah, Bank of Mom and Dad.

The biggest lender in the GTA and GVR and responsible for house horny 20-something dipshits who are going to be in a lot of trouble in a few years.

>>828970
>house horny

Garth Turner detected

>>828482
not OP, but NDP has some pretty wacky ideas.

I remember the last election cycle they mentioned something about putting a cap on the interest rates for credit cards.

https://www.thestar.com/news/canada/2011/03/29/layton_vows_to_cap_credit_card_interest_rates.html

>>828970

I don't know what you're implying but ok.

>>829080

I'm implying that the dangerously inflated home prices in Toronto are due to people like you and your parents, in addition to cheap loans.

You people will lose a lot of wealth over the next 10 years, but deservedly.

>>829024
>I remember the last election cycle they mentioned something about putting a cap on the interest rates for credit cards.

Usury is a necessary evil. You need it because money lending needs to be a thing, but allowing it to go too far will cause money that would otherwise go to the consumer economy be funneled into the financial sector.

Capping interest rates on credit cards would probably result in fewer credit cards handed out to fewer people, and lowering aggregate consumer credit right now would be a good thing. Would have been a good thing to do between last election and now too.

>>829118

>I'm implying that the dangerously inflated home prices in Toronto are due to people like you and your parents

>people like you and your parents

As in people who mortgage out like 600k houses?

If it matters, the house is worth less than 400k


>You people will lose a lot of wealth over the next 10 years, but deservedly.

So will everyone who don't hold no investments(?)

>>829131
>less than 400k

>City of Toronto

Is it pic related?

>>829185

No, I have a pretty good sized house, I forgot the exact square feet..

>>829196

>Large square footage
>Determines quality of a dwelling

Oh, you're an Arab/Italian...

>>829197

I'm born and raised in Canada, but I am Arab.

>>829200

kek

Sand niggers and pasta niggers are the worst offenders when it comes to real estate in Toronto. Because they are generally unsophisticated people, unfamiliar with other investment avenues, they all funnel their money into homes, which is simple, and tangible, in their minds.

>>829208

>Sand niggers

I'm white

> Because they are generally unsophisticated people, unfamiliar with other investment avenues, they all funnel their money into homes, which is simple, and tangible, in their minds.

Yeah...I know man..I regret them not finding a way into investment of any other sort.

>>829215

>I'm white

Excuse me? Did you not just say>>829200

??

>>829220

I'm Lebanese

>>829221

Caucasian :|

>>827411
https://www.youtube.com/watch?v=xZx20cM1z_Y&list=PLik3IJYBU9Upo7HA_tyT4jtc_NT17Fq3F

>>829223

>Caucasian

That's an antiquated classification that no one outside of the USA uses, and it definitely doesn't fall under the White category. We have genetic maps for European populations now, so it's pretty easy to determine who is White and who isn't.

Lebanon lacks the genes present in ancient Europeans that make White people unique from the Middle East and Africa.

So I'm afraid you're definitely not White, unless you have ancestors in Scandinavia or Poland or something.

>>829231

Thanks for the video, but as I'm really uneducated in this field the dude sounds like he know's his stuff, he said this is backed by FACTS but I'm too much of a lazy fuck to search them up.

So,

> selling the home and converting into a foreign currency

What happens if I decide to rent?

>Put the large chunk of money I get from the house into foreign currency, wait while the Canadian Dollar rises?

Is this the only option viable? Lol

>>829231

>US dollar crashes

Stopped right there.

>>829250

>US dollar crashes

Yeah....not happening anytime

>>829234
>tfw I made that pic
It's always a good feel when you find out your OC got saved.

>>829254

Anon, have a cookie

>>829261
I'd prefer a baklava tbh

>>829254

What are the chances of you having race theory debates somewhere on /int/ and then discussing Canadian real estate and having it come in a discussion about Lebanese people?

>>829263

I like that.

>>829245

bump

>>829263
I don't post on /int/. I post on /pol/. I remember making it because some faggot kept out saying "hurr durr you can't define what a european is".

It must have spread from there. The aryan uprising is imminent. Gas the kikes race war now.

>>829271

>The aryan uprising is imminent

But Aryans are non-White Iranic-Armenoid people...

>/pol/

Oh wow, that's like admitting you've got a stunted IQ or something. It's a cesspit filled with the bottom-feeders of society, just like /r9k/.

>>829277
>But Aryans are non-White Iranic-Armenoid people...
It originally designated all indo-european peoples, not just the iranic branch. It became unpopular after a series of events involving an uppity austrian. I used it (semi-ironically) in that sense.

>Oh wow, that's like admitting you've got a stunted IQ or something. It's a cesspit filled with the bottom-feeders of society, just like /r9k/.
rude

/pol/ is a river of a shit with a few gold nuggets. It's mostly teenagers and paid shills but you can sometimes have great conversations completely uncensored. It's on /pol/ that a guy posted the link to the article from which I created the picture you posted. So you should be thankful, really.

Will my thread 404 if it reaches a hundred replies? or just if it reaches page 10?

Okay, so in 2004 the CAD dipped to .75

11 Years go buy, it rises and now dips back to .77

and the majority believe it will dip BELOW .75 cents?

It's a good thing I'm getting US Dollars every month.

Hey guy's I'm 18, just graduated high school, didn't get any proper courses like physics or whatever like I should have, don't have a clue what I should do, I live in BC btw.

Is this a good job (trades) Steamfitters, pipefitters and sprinkler system installers:
https://www.workbc.ca/Job-Seekers/Career-Profiles/7252

or this maybe? Construction millwrights and industrial mechanics:
https://www.workbc.ca/Job-Seekers/Career-Profiles/7311

I have no idea what to do and feel stuck...

pls help, what will be good work in BC? Something I can do, so stuff like becoming a pharmacist is out of the question by now.

Being an American I'm surprised by the level of fear and paranoia in this thread. I live in Texas and our economy is similar to Alberta's, but the short term negative effects of oil and commodities dropping are already diminishing since we long term save money using those commodities.

Canada will likely slow down, but a financial crisis or large recession looks improbable as long as the US consumes and China buys, which seems to be continuing.

Canada might, like Russia, benefit long term from a minor recession driven by commodity losses. It'll keep dutch disease from continuing to grow and infest your government.

I see Canada growing 1-2% gdp from 2015-2018, and then commodities will rise again. Hopefully the paranoia doesn't lead to the herd panic mentality that made 2008 so bad.

>>829327

>paranoia

I am incredibly paranoid

And starting this thread made me knowledgeable of the shitstorm, and am even more paranoid now.

I kind of regret being born.

Nothing in this thread eases anything.

>>829326
plox, plz older anons halp me

>>827757
american dollar hollar hollar

>>829335
Y'all fucks are killing our industry. Stop.

Stop making the dollar strong. It shouldn't be so strong right now and it is likely the fed will delay raising rates until 2016.
The strong dollar of 2014 has caused the commodity bubble to pop which in turn caused inflation in the US to drop hard. We were in deflation for two months because your countries are all using QE or lowering your interest rates.

It's essentially a currency war and I am hoping our next president (hahaha) and our fed (unlikely) is smart enough to manage this.

>>829332
You shouldn't be. Lower commodity prices may temporarily hurt your economy, but they will also help your consumer.

As long as the US grows and needs your resources (we are) Canada will continue to grow. It may be slower, yet that might be good in the long term.

>>829343

I hope so

>tfw I go to sleep thinking I'm going to be out in the streets by next year.

>>829326
pls respond

>>829326

Do CS, get them preqrecs

>>829318
>11 years go buy
>go buy
>buy

>>829376

ayylmao

So as a Canadian citizen, and U.S. permanent resident, should I continue living in the U.S. or move back to Canada? I just got my re entry permit so I can move back for a couple years if I want. Seems pointless now, I just cant afford university here in California.

Is there no way to escape Canadian taxes? The States has foreign earned income exclusion.
This shit is absolutely retarded here in Ontario.

>>830004

No there isn't. Maybe instead of bitching about paying your share you should get a better job. Fucking lazy parasite.

>>830170

>rekt

>>829956
Oh fuck man, go to to Canada for school, especially if you have citizenship. So much cheaper, plus universities are barely tiered at all. None of that Ivy League vs. State college bullshit. Don't listen to anyone who says otherwise, McGill and U of T are NOT substantially better schools than any other major university in the country. Hell, as far as the quality of education you'd get as an undergraduate, they're not even top-tier.

http://www.macleans.ca/education/unirankings/university-rankings-2015-comprehensive/

>people think there are worse options politically than Steven "All You Need Is Oil" Harper

>>830283
Even if his economic policy was better, he'd still be terrible. He's the Canadian Nixon: paranoid, secretive and unscrupulous.

>>827448

I think there are major crashes happening in Canada, China and the UK.

Boom and bust is the future.

>>830256
you are giving me hope anon, i like you

>>830506
>Boom and bust is the future.

It's always been that way, because people don't change.

The sky is falling!

I hope lots of Chinese people kill themselves when it all collapses and Canadians swoop in to buy our land back.

>>830170
>any income about 250k is taxed at 50%
I repeat, this shit is fucking retarded.

>>830835
>I repeat, this shit is fucking retarded.

In a country with a median family income of 75k, if you are making above 250k, then you are personally benefiting financially from this country at a rate 3.5x the average *family*.

Being this butt hurt about a tax rate of ONLY 50% on that kind of income?
Sentence: Death by guillotine.

>>829332
Congratulations. You are a retard.
You are fucked regardless of what happens in Canada.

>>831092

Great, thanks for commenting, anon

>I value your opinion

Now get the fuck out.

How can an American best take advantage of the impending Canadian recession? I can't find any Canadian ETFs/mutual funds on the US Vanguard site, for example.

>>831173
They will go broke and fail on the mortgage.Offer to take over mortgage and pay for their 1st month rent to move out.

>>827448

>>827691
Forced diversication away from oil. It will take a long time to make up for the current loss though.

>>827910
Trust me, many people actually have no fucking clue about the party they are voting for. Last provincial election in Alberta, I could choose NDP (left), Wild Rose (right), or Conservative (right). It was a majority NDP, while the two right parties, if you added them together would over power NDP... So to speak, our "right" parties were divided and conquered. In federal elections, I bet Alberta will have high right wing support next election.

>>830966
Fuck off

>>829326
>829326
Community college.

If the economy does go further down the drain, like it seems to be headed, you will not want to be building a career in those trades. However, if you are able to make decent cash in the immediate future with those trades--construction is insane, see Onni and BOSA--then get a job and start saving. Do night classes at the same time to work towards a diploma in a "hard" field, like accounting. If you're smart, you won't have debt come completion of your CC's programme. Then you can go another two years and get a degree.

You can also look at furthering education programmes to acquire the necessary credits for entry into post-secondary institutions.

The bottom line is simple:
1. Make decent money and be smart with it so you can't fall on your ass; and
2. work towards some sort of credentials in a field that you can use as a launching board for a career.

Oh, and I forgot: network like hell. If you find yourself unproductive at 6pm on a Thursday, you should be kicking yourself for not going to that jobs fair.

>>830256
>McGill and U of T are NOT substantially better schools than any other major university in the country

But they are. The undergraduate programs are much more competitive, the workload is heavier, the demands are more rigorous.

So if I were to pick a new hire with the same degree but one from UofT versus Ryerson, I know the UofT person can endure much more, has a much more diligent personality, and was willing to sacrifice more. That's the person I want.

Not some dipshit that knocked off the minimum requirements at York and coasted through 4-5 years doing little.

At least the UofT makes you work for your certificate.

>>831254
>Forced diversication away from oil. It will take a long time to make up for the current loss though.

This is absolutely what needs to happen. Canada has so many industries that are nothing but digging shit out of the ground and shipping it out of the country. Oil is just the beginning. Did you know that Canada supplies 10% of the world's demand for titanium ore (rutile and such)? How many tonnes of Titanium metal does Canada produce. None. Zero. We ship the ore to the US and Japan where it's processed and the metal sold back to us. Fuck that.

"Value added" is what Canada must embrace. If Japan, with a land area of 400,000 km^2 and almost no natural resources to speak of can be a major producer of finished products, why the fuck can't Canada do the same? I'm tired of this country being the just a source for raw materials for other countries industries.

>>831258
>Trust me, many people actually have no fucking clue about the party they are voting for.

I realize. The election was about voter sentiment and shaking things up, not necessarily Alberta as a whole embracing the ANDP ideologically. This needs to happen every once in a while lest one party get too entrenched and corrupt like the APC did.

>>831264

Income and wealth inequity are bad for economies and slow economic expansion, this is according to the IMF. The International Monetary Fund - yes, that International Monetary Fund - has said that wealth and income inequity have been a drag on the world's economies. But if you want to dismiss them, then nothing more complicated than marginal utility dictates that high taxes on high income earners are absolutely necessary and completely justified.

Bitching about taxes is bitching about having to pay for living in a developed nation.

So, in very pertinent words spoken recently: Fuck off.

>>831420
Okay, back up here. Which programs are we talking about now? That's a ridiculously broad statement.

>>830835
Tax rates like any wealthy European country? Oh, no, the horror.

>>831420

In my own experience, anything in the Arts and Science department at the St. George Campus.

The UTM and Scarborough programs are much closer to the standards at the other ON universities.

Someone even did an analytical comparison between UofT and the Ivy League schools in the USA and found the former "harder" to complete on most major metrics.

Of course we are talking undergrad here. The postgrad work at the US Ivy schools isn't comparable. They've got budgets in the billions.

Cant wait to see housing crash so i can finally be able to afford some decent property all at the expense of crying boomers
it is going to delicious