Quote:
Originally Posted by scryer
Agreed. She represents those that line her pockets, not the people or issues her position stipulates for her to represent and address.
Let's see the savings from a grande latte at starbucks:
~$4.65 (bite me: I am too lazy to research it at this time..) x 365 = $1697.25 saved per year.
- Most people in the city make under $60k per year
- A new 1 Bdrm Condo STARTS at ~$750k in Vancouver.
#okboomer
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Out of curiosity, let's play along with her line of thinking.
Assuming one starts with zero savings for a down payment, and they save the equivalent of a $4.65 latte a day (call it $141 a month), and they are prepared to chase a high return by investing in a low- to mid-cap REIT like Melcor REIT (~8% dividend), it would only take
22 years to save up the 5% down payment on a $750,000 condo. That is, of course, assuming the cost of said condo is static for the next two-plus decades. Lois Jackson is a financial genius!