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Another thing to consider is your outgoings?................I own this house............no debt repayments..........a lot of people over here are paying $1,000 a month or more..............that makes a difference.
That's substantially more if it's an average, compared to us, taking into consideration the exchange rates:
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In 2004, the average monthly mortgage payment was $1,337 – two per cent lower than in 1989, the previous peak in inflation adjusted home prices," says the report. "However, from 1989 to 2004, household after-tax income increased by 55 per cent. As a result, the annual mortgage payment-to-income ratio dropped to 31 per cent in 2004 from over 49 per cent in 1989."
Reality Times
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I know of several cases where friends couldn't take a low paid job, as their benefits were higher, and, quite naturally, they put their families first. Anyway, the subsequently got "proper jobs"
A lot of areas here in Canada (Nova Scotia for an example) will claw back any welfare benefits, if you work, which makes sense if the job pays $10 to $12 an hour, but even when being paid minimum $6.55 in NS they will claw some back, so yeah where is the incentive to work at minimum wage?
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Even kids fresh out of highschool get our "jobseekers" allowance
That sounds interesting.....what I would like to see in Canada is an implementation of some sort of "Apprenticeship Program", there is no really good job shadowing or training after High School for a lot of young kids, who can't afford to go to College or University, and actually I now see a growth in the community colleges, because of the lack of skilled tradespeople, you may want to get the high paying jobs the "Tech" world can give you, but someone still has to fix the toilet's.... :p