old and broke in Canada


milleniums scrimping for cash
milleniums scrimping for cash

Well it certainly looks like the millenniums are heading for a new era in Canada. What are we going to call this new era? I think the best fit is going to be old and broke in Canada. Us Baby Boomers or Zoomers as I like to call us were lucky. We grew up in the gravy yeas of life. Cheap alcohol, cheap smokes, housing was a steal. Cars were a dime a dozen I must admit the wages sucked but you got a good bang for your buck.

What does the future hold for your kids or the millenniums as we have now labelled them. Do you even know what that word means? Let me look it up. So it means a period of general righteousness and happiness, especially in the indefinite future. So who came up with this name for our kids? Authors William Strauss and Neil Howe are widely credited with naming the millennials. They coined the term in 1987, around the time children born in 1982 were entering preschool, and the media were first identifying their prospective link to the new as the high school graduating class of 2000. They wrote about the cohort in their books Generations: The History of America’s Future, 1584 to 2069 (1991) and Millennials Rising: The Next Great Generation (2000).

Interesting

milleniums scrimping for cash
milleniums scrimping for cash

Well there’s a few facts I borrowed from Wikis if any one gives a rats ass. Anyways back to being old and broke in Canada. Why do I think that our kids are heading for disaster. Let us take a look at the price of housing in Canada. It has spun right out of fucking control, excuse my profanity guys but some times the system in Canada swings too far. On one end your sucking sky train dust trying to get to work on time and on the other your spending your winters in Mexico.

Most of the millenniums born in the 80s are pushing into their 30 and heading for 40. Most of these or at least a lot of them rent. They simply cannot afford to buy high priced housing and all the bills that come along with it. BC just brought out a new budget where they are going to build social housing. Government sponsored housing that should start streaming into the system shortly. Great, we are going to have giant ghettos, although maybe well landscaped hopefully for our kids.

 

Government gone wild

 

Let’s face it folks, any time the government sticks their nose into the private sector what happens? They screw it all up. When the next government steps in they promise to fix this mess and sell it back to the private sector. When this happens the price of that housing is put up for sale. Who ever is living in these cheap housing units which most likely will be your kids will have an option to buy or move. This could be a good or bad thing depending on the economy, etc, at that time.

No ones got a crystal ball and hopefully the NDP, which by the way,  I determine as no democrats please will offer some kind of buying option. Thousands of units are going to start streaming on board the housing train. We all know what happens when they build things in mass production don’t we. A bunch of junk. I am sure they will have government inspectors for government work so that might help a little. Where they are going to find all these workers is any ones guess.

Retirees in Vancouver are Living in there RVs
Retirees in Vancouver are Living in there RVs

So why old and broke in Canada

 

The main reason I think that our kids are going to have a rough time when they retire is going to be this exact issue. The cost of housing. Even right now an elderly person in an old age home is dishing out thousands just for a room and some crappy food. The care in some of the places comes to question often. We have to look at what is going on right now to decide what tomorrow might bring. The only way out would be a giant housing crash across the great Canadian nation, but this is very unlikely with loose immigration laws and floods of refugees eating up the housing markets. Bye the way don’t forget the off shore speculators who just love to dump there cash on our shores.

Don’t get me wrong a lot of millenniums were smart. After all they are our children. How did you like that double are. They are our children and we are a pretty smart generation,  us Baby Boomers. Well some of us anyways. Didn’t we change the world and stop some wars. Maybe. Maybe not. The definition for our kids tells the tale. A period of general righteousness and happiness. Maybe we were too lean and spoiled them rotten. After all spoiled ones tend to strive less, living off the nectar’s of a silver spoon.

 

Old and Broke in Canada

So in conclusion I would just like to prophesize a little.  After all no one can tell the future you can only guess. My guess is derived from the present. In the average city at the moment the price to rent a one bedroom apartment is around 1200. It varies from place to place. For example, Vancouver 1800, Nova Scotial 800. You get the drift. So a pack of smokes just went up to around 12 bucks or so give or take. So how about a beer. Around 6 bucks. How about a car? My God, your pushing into the tens of thousands when you add on all the extra expensives, gas, repairs, insurance.

Ok, look at these soaring prices. Let’s take a quick journey down the path of time around twenty years. Does anyone expect these prices to go down. Ha, Ha. You just had your first good laugh of the day. I have concluded sons and daughters that you better start packing that dough away every pay check and saving for the future. You are going to need it.

Little advice from zoomer

Brent

Editor

Zoomers News

 

 

 

About zoomersnews 102 Articles
Brent Arnold Walker is the Editor of Zoomers News...Location South Vancouver BC Canada...Raised in the heart of War Vet Housing ...A True Baby Boomer

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