Another Risky Subprime Mortgage Just Released!
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- Опубликовано: 2 окт 2024
- Pension Funds Pouring Money into SHADY Subprime Mortgage Insurance!
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More money gone to money heaven. Future generations will get the bill for this. Get ready for hyper inflation. Take care Luke
spend all savings of your forebearers --> borrow all the money --> print all the money --> hyper-inflation
This makes me weep.
Not future generations, present generation - mostly private sector workers.
Move Smartly said the bankers don't seem worried about Canadians defaulting... this is very worrying behavior.
I guess when the taxpayers are covering you, you don't have to worry. Canadians might default, but nothing for them to worry about!
@@datruth4766 I don't care about mortgage debtors I only care about young Canadians getting the bill for someone's debt and lower home prices. The moral hazard this is creating will lead young people to make homeowners a target. The young people will be out for revenge with blood as the currency. They have no future and nothing to live for so they will take yours if improves their lives even for a bit. Get ready to live in a more dangerous country. Take care my friend
Preferences to everyone except Canadians,, when my house sells ,I'm gone
It's a win-win for the banks. Whether the borrower pays or it flops the government pays up, they make bank, and the taxpayers lose.
🎯
Yes, And Brookfield = Mark Carney
win win for Zions*
Pouring more money into a already tanking market and hope it doesn't fail is a bad idea good luck everyone tighten the chin strap rough ride ahead
As long as it's your money they are pouring in, they are fine with that. Can always create new taxes or raise existing ones on you to pay for it. Also can devalue the CAD and report fake inflation numbers.
when will this insanity stop, smells like the situation in the US in 2006 and very soon it all crushes
When we moved to Canada 20 years ago we had to jump through so many hoops just to get a bloody credit card never mind getting a mortgage. This is ridiculous. Will definitely end in tears.
Sagen - 90% backed by taxpayers.
CMHC - 100% backed by taxpayers.
As long as the risk is dumped on taxpayers, the banks don't worry who gets a mortgage.
They are scraping the bottom of the barrel to come up with new buyers.
I am a Canadian with RN status in New York and cannot get my credentials recognized in Ontario, Canada without myriad expensive testing and certifications, including proving I can speak English, but apparently, I can get a mortgage of hundreds of thousands of dollars with ease.
This segment perfectly explains how my recently-hired receptionist was able to buy a house. He's a new immigrant from India, his employment status is temporary (he was hired on contract), and he's only making around $20/hour. Dodgy mortgage indeed.
Wtf …. No shit that’s BS
Funny but probably not true
And those Uber drivers in Ontario who bought $2 million houses last year.
We shouldn’t be building new homes for broke people from the third world. Liberal insanity.
Yup, and if it doesnt work out for him. He goes back to india and the tax payer will foot the bill.
All under the orders of the wef
Wiping out all wealth.
This program reeks of Trudeau and Freeland hubris.
I hope the Teacher's Union loses all their pension money.
Teachers Union like CMHC lean on taxpayers to guarantee their pension.
Every grifter out there is leaning on the private sector worker to ensure their market gambles, pension, bailouts & bonuses, and other scams.
More Trudeau lieberal kr ap!
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Guess they forgot 2008. Or they didn't forget and figure that the government will bail out/in pensions
The mortgage insurer just needs to show the mortgage was obtained by fraud and they can deny the claim.
It is pretty much what happened in the USA and caused the 2008 crash.
Keep the Flim Flam Mortgage Party going.
If you've arrived yesterday on a corporate placement and have a letter saying you have had a chequing account at a bank in India for the last six months (even if it has always had a zero rupee balance), you're good to go!
Well, I sure wish the bubble would burst so we can move on to more relevant
material.
Ninja Loans 🍁 edition 😂
Asset economy. Debtors to be screwed. Enjoy
glad i use benefits to avoid taxes and have no debt i use the names of immigrants to get loans anyways and pay bums on the streets too.
Brookfield you say? I wonder if it is the same one Mark Carney is involved with.
Yes. Mark Carney is the Chair of Brookfield Asset Management and Head of Transition Investing. In this role, he is focused on the development of products for investors that will combine positive social and environmental outcomes with strong risk-adjusted returns.
Save your pennies people, craziness is going to ensue if this fails.
gonna be 2008 US here in Canada
Banks have set things up so corrupt govt hands them bailouts for the junk mortgages that start defaulting.
The same junk mortgages that banks profited from creating.
Listen if people are going to mortage prices for rent, then they deserve a house at this point
Waiting for the requirements to get all these funding to say " must be breathing/alive to qualify"
"You're on a life raft in the middle of the Pacific? No problem, you're approved for a $2 million mortgage!!"
You mentioned someone with 3 jobs? Wonderful. No free time. Zero time for entertainment. Work, eat, sleep. Repeat. "All work, no play makes Johnny a dull boy." So "happy days are here again" then, eh? Geesh! Trudy's promised "sunny ways" !! 👀
Sorry but can someone clarify for me, is this like CMHC in terms of the taxpayer, government, is the actual guarantor for the mortgages? Or is the company, Sagen on the hook.
Sagen is a competitor to CMHC
@@AjayManoharK
Sagen is 90% taxpayer backed.
CMHC is 100% taxpayer backed.
What competition??
Maybe they are competing to see which one can bankrupt the nation.
How is Canada dodging the layoffs so far vs US?
By producing fake employment data
They’ll squeeze 10 relatives in one house, have them all employed… easy … and they’ll never move or never leave, while driving up prices for the rest of us.
And folks, this is how you will own nothing and be happy. All by design 😄 -- what can we even do about this? Terrible terrible terrible.
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Another truthful and eyes opening video shared by the(Mania market) channel ...showed how Canada streammedia encourages migrated desires to immigrate to Canada 🇨🇦 ....especially from India 🇮🇳 and China 🇨🇳 ...through mortgage facilities...
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WOW that is totally insane.
Thanks for your hard work
Can the new immigrants use the $6000 a month they receive from the Canadian taxpayers towards the down payment?
Stiff Mackerel is an incompetent.
Meanwhile, I get laughed out of the building when I tried to get a preapproval simply because I'm self employed. Edit - I've been self employed profitably for the last 12 years but that doesn't seem to matter.
Finally poor people are getting the chance to buy the house 🎉🎉🎉🎉🎉🎉🎉
Then 10 people move in- just like the old country
The 2007 corrupt captalistic criminal financial crash continues to march on in 2024....?
Could you please do a video on your predictions of when and how this bubble will possibly burst. Hypothetically speaking
Qualifications to be a borrower?? You need to be able to fog a mirror, 2 out of 3 times.
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We should extend the mortgage in mid oct. should I keep it open or closed. Period 4-5 year
Ontario teachers have managed their own pension plan for years. Let them invest and risk it all. Maybe we will end up with more teachers because they can't retire.
Carbon Tax Carney is the Chairman of Brookfield Asset Management.
developer lobbyists got their way
$1.5 million now
Immigrants have to provide financial information prior to being approved. Do not misinterpret them with refugee status individuals.Everyone needs help to establish themselves and their families into Canada 🍁 .
Loophole for foreign buyer ban?
Reeks of desperation. Seems likely that the system is in much worse shape than the rosy picture being painted. This will make the GFC look like a Sunday picnic when the black swan (s) arrive, most likely in 2025.
Another b.s portion of history for historians to laugh and be puzzled at ....lol
tks for all ur work so far
I'm No.3
Did Sagen hire Anna Sorokin?
Fjt
I bet trudeau gets his pension
He needs to get his pri zon!
Singh managed to stay in the game 6 years, so now he gets his hefty MP pension for life now too!
Just make sure it's only tied to the fudged CPI and it'll be worthless in 5 years.