this post was submitted on 24 Aug 2023
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Older millennials, adults aged 35 to 44, had debt-to-disposable income ratios around 250 per cent in 2019, while Freestone noted that metric was roughly 150 per cent for the same age group in 1999.

Can confirm we're sitting around 250% but this is after exercising significant restraint to not take on as much mortgage as the banks would have given us. Everyone I know who bought over the last couple of years went all out and I can't imagine them being any lower than 300-350%.

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[–] [email protected] 53 points 1 year ago* (last edited 1 year ago) (47 children)

It isn't just mortgages. I read just a few days ago that the average price of a new car in Canada is $66k. I'm not sure I've spent that much on all of my vehicles combined since I bought my first car at 17. Add in other things bought on financing – lots of our friends have travel trailers, ATVs, and such.

[–] [email protected] 12 points 1 year ago (8 children)

I read just a few days ago that the average price of a new car in Canada is $66k.

And a good used bike is $150.

People, we need to start looking for alternatives that won't make rich people richer. Buy a *used *car if you must have a car, but don't keep filling the pockets of these greedy bastards by buying new.

[–] [email protected] 21 points 1 year ago (6 children)

I'm super into urbanism and love my bike, but unless there's good bike infrastructure in your area, you're risking your life. I know and keep riding anyways but most people aren't willing to take that risk. What we need to do is organize to push our governments to provide safe infrastructure for all road users.

[–] [email protected] 7 points 1 year ago

i'd settle for more sidewalks in my town

on some streets they just paint a line down the road and call it a sidewalk - one of these is on a road touching an elementary school

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