I sold Nvidia covered $700 calls

Don’t want it to execute

Hope I’m not making amd mistake again

You know the song my dude

Pump it to 699

Just don’t get to 700 lol

Pain trade remains up

Stats Canada put out a study that showed it took 5 years in the 70s to save for a down payment starting at 25 years old in your median salary job in Toronto or Vancouver. It now takes 27 years to save that same % of down payment.

Lmao.

Also, data shows a significant rise in "gifting" money for down payments from parents to children in the 90s to acquire a home. Rich families stay rich.


Canada also just put a cap on international students, honestly don't think its going to have a meaningful impact on the housing market, I also think that universities make so much of their revenue off international students that now they're going to have to just charge domestic students even more in tuition. So maybe domestic students feel some relief in the rental market but it just comes back as an increase in tuition. But tuition also has increase caps so I don't know how exactly this will play out.

Not sure yet.

This post was edited by SBD on Jan 23 2024 09:30am

Housing is brutal here in Bay Area, California too

$1 million for a beat up house in the ghetto lol

Canadians who already have a home and clearly don't know the struggle will often just say, well move to our equivalent of the Midwest or the Maritimes on the East Coast or rural, but 1, there are minimal jobs that can take that kind of surge and 2, if everyone did do that the area would just surge in prices.

We just don't have the housing supply.

Even in states in Midwest it isn’t easy anymore. If I were to get a new home now comparable to my current, i would literally be paying double the mortgage. This is just a 4 year difference. Economy might be doing ok but the housing market is becoming increasingly ridiculous and unaffordable for the majority of people. I really empathize for newer entrants

Ive always been offered housing as part of my job, I pay a trivial rent which covers utilities of $575 bi-weekly for a large 3 bedroom home, heated garage and decent lot so I have had zero incentive to buy a home, but it wears on me knowing ill eventually have to buy into something that has increased so rapidly.

My friends and past colleagues in Toronto who are dual income designated professionals grossing a well beyond median household income of 350K or so annually cannot afford to reasonably buy a home there. Were not talking a doctors home either that they are considering, just typical bungalows or maybe a 70s style split entry or even town homes.

The people at median, the dream is just slipping away for them. It must look so bleak.

This post was edited by SBD on Jan 23 2024 10:17am

US is similar in some areas too

Like a shit tier home in the bay is 7 figures