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RE: Ask me anything about vehicle dynamics,power train, drive train, steering,Data acquisition
Sounds like a difficult road. I find that tangible assets can be extremely expensive and slow moving propositions. Perhaps this is why our generation is applying themselves to creating intangible assets. Maybe the way to go about this project is to invest and developed intangible assets and then when you have the capital build into the tangible. That's what I'm attempting to do.
There's some chance that it will change. Our government announced a new law that will stop this kind of things.
Honestly I don't think they will adopt this law, but we'll see what happens
We got a huge problems with real-estate in my country.
Too much properties are standing unused, going to waste and on other hand those who don't own any land find it too hard to find and buy land to build a house to live.
I don't know what's a situation in Canada, but you probably have less problems of that kind since you are larger than we are
We have our real-estate problems here as well... That's for sure. The Queen of England owns (in combination with the government of Canada) about 89% of all the land in Canada.
link:
https://www.google.ca/search?q=what+percentage+of+canada+is+crown+land&rlz=1C1CHBF_enCA726CA726&oq=what+percentage+of+canada+is+crown+land&aqs=chrome..69i57.9511j0j7&sourceid=chrome&ie=UTF-8
This naturally means that prices are "managed" upwardly as what land is available is to be had in scarcity. Combine that with the effects of globalization in sought after areas like Vancouver and Vancouver Island and the prices continue on upward.
The printing of significant amounts of government issued money (inflationary) cause the prices of all things with real value (land) to climb to even higher heights...
And when you consider that the government and the banks (who are in bed together) have every reason to encourage ever increasing prices (taxes and interest are determined by a percentage of the over all price) what you end up with is a slave system.
Anyone foolish enough to buy land at the inflated prices end up being the new work force harnessed to the economic machine.
Increasing land prices are not a problem for the generations before who had the opportunities of fairly priced land because they already own their stake in Canada... They feel like they have worked hard their whole lives and made a smart investment so they are more than willing to go along with this upward pressure. The previous generation has its mind set on how to sell us their over priced and aging properties. But for the up and coming generations... We are expected to take on this significant life altering risk. They try to sell us their dream but it looks more like a nightmare if you ask me...
Another factor to consider is that the baby boomer generation in Canada out numbers our generation 3 to 1... That means there is only 1 of us working to support 3 people attempting to retire and sell us their expensive house. All democratically elected officials (voted 3 to 1) play to the population holding the countries wealth putting in place policy that further support the land owners holdings and enhances their own positions.
To me this can only mean one thing... For this to work for the new generations... The prices of property have simply got to come down. Not just a little but significantly. But our generation has been sidelined as we wait for the real estate market to actually make sense.
What's the point of having a house and a job if the lifestyle that goes with those things means you have to sell your soul and work like a slave. Deferring your own health and freedom. So far, thanks to things like the internet and the development of other intangible asset classes our generation seems to have contented itself with it's lot in life... We don't see the point in playing a game that is not set up to win. But that can't last forever. Eventually the equation must balance.
To sum up my sentiment... the game, here in Canada, is for one generation to shift the land to the hands of the next generation... But at the highest price possible. The government and banks are in the middle facilitating this transaction... and our generation, if we are not wise and careful, will get the bad end of the stick.
You have so much of knowledge @newpioneer. I can take some financial suggestions from you 😀😀
It's only come by years of observation and study and probably only relevant to my life here in Canada for the most part... But thank you for the compliment!