Post

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @Tablesalt13

Tablesalt 🇨🇦🇺🇸

@Tablesalt13

Sep 14

IN under 3 years...

Canada went from the most generous, pro-immigration country on planet Earth

..to having many Premiers fighting with the immigration Minister publicly on Twitter (after private discussions failed)

...demanding he shut their borders. (A 🧵)

https://x.com/ABDanielleSmith/status/1834289858300502210

https://x.com/ABDanielleSmith/status/1834289858300502210

https://x.com/premierbhiggs/status/1833977448574169166

https://x.com/premierbhiggs/status/1833977448574169166

Read 4 tweets

Tablesalt 🇨🇦🇺🇸

@Tablesalt13

Aug 5

🔥🔥NEW

I JUST HIT THE MOTHERLOAD -- WILL BE POSTING THE WORST ONES

25 proposals are being proposed by Immigration Canada (IRCC) over the next couple of years

most of which make immigration to Canada much easier..... this proposal would allow immigrants to take their citizenship oath without anyone present!

#2

they want to make the LOWEST SKILLED WORKERS eligible for permanent residency.

theyre calling it "diversity of skills"

#3

They want to make "refugee"

a permanent pathway to citizenship.

Read 5 tweets

Tablesalt 🇨🇦🇺🇸

@Tablesalt13

Jun 17

🚨BREAKING

The number of mortgages taken out in Canada

falls to the lowest number since the Bank of Canada began recording

Under 100,000 mortgages were issued in Q1 2024

CONSIDER

THAT

The GTA has 24,000 listings alone.

Also consider that the housing stock and population of Canada is up significantly since 2014.

Read 4 tweets

Tablesalt 🇨🇦🇺🇸

@Tablesalt13

Mar 24

I dont know who needs to hear this but

paying down your OWN mortgage is not a financial gain.

Principal recapture is completely income neutral. Its a shell game....think about it...

Chequing account minus $1.

Loan liability reduced by $1.

Net worth = unchanged.

The money sits there and does nothing until you sell.

(Some might consider "preventing interest from incurring" as a gain, I suppose)

NOW

The appreciation on your house MINUS interest paid MINUS costs is your REAL gain, which does compound....

this is NEW MONEY. You didn't earn it at work.

...but this completely separate from paying down your mortgage.

Proof: we can imagine a scenario where you pay off your mortgage in, say, 15 years, and your home price hasn't changed. (Edmonton)

Have you made any money? Or, was it just forced savings paying 0% interest?

"But its better than rent!"

Yes. But financing a car is still expensive, even though renting a car from Hertz is more expensive.

NOW, if you have a TENANT paying your principal.

This IS profit.

Proof: your CRA tax bill. 😂

4 people unfollowed immediately upon reading this. 😂

Happy Sunday. 💋

Read 4 tweets

Tablesalt 🇨🇦🇺🇸

@Tablesalt13

Mar 23

3% housing price gains per year

and 5% interest is a healthy equilibrium

Where you can ladder your housing upgrades at will, without having to worry about being "left behind"

Ie. There is no advantage to buying a SFD on a 25 year mortgage, until you're ready. ....🧵

The key here is you need to accelerate your mortgage if you're staying in a cheaper home.

When running these calculations, people OFTEN forget you include the TOTAL AMOUNT SAVED by staying in a smaller home for longer.

This is real cash that you did not spend.

Some calculations:

Big house A purchased right away for $650,000.

After 15 years: The house would be worth $1,012,678

and you would've paid out $684,000 in principal and interest and still owe $358,252.37.

Total equity: $654,426

Now...

Option B

Read 8 tweets

Share this page!

Enter URL or ID to Unroll

Tablesalt 🇨🇦🇺🇸

Try unrolling a thread yourself!

More from @Tablesalt13

Tablesalt 🇨🇦🇺🇸

Tablesalt 🇨🇦🇺🇸

Tablesalt 🇨🇦🇺🇸

Tablesalt 🇨🇦🇺🇸

Tablesalt 🇨🇦🇺🇸

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!