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Why Canadians are Richer than Americans
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Kuros



Joined: 27 Apr 2004
PostPosted: Sun Jan 27, 2013 5:17 pm    Post subject: Reply with quote
12ax7 wrote:
Kuros wrote:
Canadian Housing Prices are 175% of Rents

Its a housing bubble.



I wish...You'd be floored if I showed you a picture of my childhood home and then told you how little we got when we sold it last year (and it was more than we had asked for, too). The stonework on the outside walls was done by a master mason from Brittany. Strangers would knock at our door and ask if they could visit when it was first built. It's that nice. And it's not as if it's in the sticks either. It's in the suburbs, 5 minutes from largest hospital in the region.

Long story short, Canada is a big country. We don't all live in Vancouver or Toronto, you know.


I don't pretend to know too much about Canada, and I'm certainly not familiar with too many individual experiences. I don't know where you're from but its probable the housing bubble doesn't impact that particular region. I'm open to data which counters the link I posted. But I'm not sure how I'm supposed to interpret your individual anecdote.
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Underwaterbob



Joined: 08 Jan 2005
Location: In Cognito
PostPosted: Sun Jan 27, 2013 7:49 pm    Post subject: Reply with quote
I don't know if we're richer, but I'm still seeing currency exchange rates from the nineties when American money was actually worth more offered up just about everywhere. Just take a look at the back of a new release paperback. When is that going to change?
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12ax7



Joined: 07 Nov 2009
PostPosted: Sun Jan 27, 2013 11:17 pm    Post subject: Reply with quote
Underwaterbob wrote:
I don't know if we're richer, but I'm still seeing currency exchange rates from the nineties when American money was actually worth more offered up just about everywhere. Just take a look at the back of a new release paperback. When is that going to change?


They'll find some BS excuse not to change it.

PS. If the Canadian dollar really is like Monopoly money like so many Americans have claimed on this website over the years, what does that say about the American dollar now that it's worth less? Wink
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rollo



Joined: 10 May 2006
Location: China
PostPosted: Mon Jan 28, 2013 2:00 am    Post subject: Reply with quote
What is it with this obsession that Canadians have with the U.S.??

China keeps their currency devalued which means that lowers the price of goods made in China. This is one of the main reasons for unemployment in the U.S. and Europe. so to counter this the U.S keeps the dollar low.

Remember it is all relative.

i am amazed that some one that lives overseas doe not understand currency.

The Canadian dollar being strong hurts Canadian manufacturing.
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12ax7



Joined: 07 Nov 2009
PostPosted: Mon Jan 28, 2013 3:03 am    Post subject: Reply with quote
rollo wrote:
What is it with this obsession that Canadians have with the U.S.??


You clearly lack a sense of irony.


And right...The US dollar has devalued by about 25% in the last few years because that's exactly what your government wants. Rolling Eyes

You don't get that a devalued US dollar makes all those imports from Canada and China a lot more expensive.
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rollo



Joined: 10 May 2006
Location: China
PostPosted: Mon Jan 28, 2013 6:35 am    Post subject: Reply with quote
Yes that is the point to make imports more expensive so people will buy domestically. Now you are getting it.

U.S manufactured goods are cheaper to buy so people buy more of them!!

This creates jobs.
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12ax7



Joined: 07 Nov 2009
PostPosted: Mon Jan 28, 2013 7:19 am    Post subject: Reply with quote
rollo wrote:
Yes that is the point to make imports more expensive so people will buy domestically. Now you are getting it.

U.S manufactured goods are cheaper to buy so people buy more of them!!

This creates jobs.


Oh, so that's why the US dollar took a dive. So that the cheap crap sold at Walmart can be made in the US. Laughing
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rollo



Joined: 10 May 2006
Location: China
PostPosted: Mon Jan 28, 2013 8:15 am    Post subject: Reply with quote
Yeah sort of. it does not really change oil revenue for Canada since oil is priced in U.S. dollars. But the devaluatin of the dollar has helped revitalize the American economy ro some extent. It makes I-phone the top selling phone in China for instance.
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12ax7



Joined: 07 Nov 2009
PostPosted: Mon Jan 28, 2013 6:35 pm    Post subject: Reply with quote
rollo wrote:
Yeah sort of. it does not really change oil revenue for Canada since oil is priced in U.S. dollars. But the devaluatin of the dollar has helped revitalize the American economy ro some extent. It makes I-phone the top selling phone in China for instance.


Oil isn't the only natural resource that the US imports.
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rollo



Joined: 10 May 2006
Location: China
PostPosted: Tue Jan 29, 2013 12:32 am<