This video is about the current inflation issues in Canada and the struggles we are facing right now. Follow me on, Facebook: Anish Mavelikkara Instagram: Anish Mavelikkara
Good that you come forward to reveal the actual situation in the real estate market.This is an eye opener for all who abruptly buy the property without looking to their current and future cash flow
In USA, current interest rate is 8.00% . That means , if you have a 1M dollar house and if you pay 20% down, You will end up paying around $6500 . That is mostly one month salary after taxes. Chances are there , this situation stay like this for couple more years and interest rates may go up , since the economy is not recovering and we have 2 wars going on.
@@hrishikesantnfrustration, let them be happy with their family and friends… dont cry, I am in Canada and I understand your situation, aaswaasam kittaan alle naadine theri vilikkunnath, but bro, at least veettukaarenkilum undallo
Inflation has gone up 2% rates are not comming down even if they come down it will be not go lesser than 5%. You decide which is better for you. Companies that loan to builders are not loaning them anymore thats the reality.
Since housing is a major prob in canada, rent out other room as well.. finish basement ASAP n rent out… dedicate more time for vlogs n keep uploading weekly travel videos, will benefit in long run…don’t forget that u have 50k subscribers, work towards increasing…
Housing bubble vannal rate thazhe pogum... Sell now liven in town house for now.. When everything falls I mean interest rate and home price.. Buy 2 houses lol
Hi Anish, Im not sure if you will see this message, but if so, i can walk you through few options to handle this situation. I work as financial strategist here in Ontario. I can share my knowledge which might be helpful for you, more over it will be helpful for other malayalies who are running around the similar situations.
veed vilkkanda, loan ozhivakkiyalum at the end of the day kayyil onnum kannilla.Nigalkke oru investment avum baviyil, eppom struggle cheyyanam annea ullu.....loan allam adachu theernolum...be +ve
We have to buy a house only after reaching a stage of very sound money 💰 back up ..becouse other wise there wouldn't be saving in hand..all that will go to bank as interest..think by end of Life no back up and aged also 🥺🥺
Anish Bro, You have worked hard to buy your dream home, try not to sell it, great achievement. If you get 3.5M or 4 M then you can sell otherwise don’t sell it at all, so that you can make good money after mortgage clearing. Within one year basement work also complete and give it for rent, do not stress yourself. You are a capable person you can manage, work for your children, you can do it. Your wife also working, you both can manage this difficulty. You can upload your real life videos, you will get more comments, likes and subscribers. So that you will get some extra money. This is only the opportunity to come up in your life for a middle class person, for yourself, for your wife and children. Interest rate will come down after two years, therefore you have to manage two or three years only then you will settle down. Yes YOU CAN.
To be honest, ningal annu 1 million video ittappozhe enik doubt aayirunnu, job cheyth ithengane adach theerkkum.. You guys should read alot about financial planning
It is always beter to be debt free..think wisely..try to increase your income source rather than expense.. instead of thinking v can work hard to pay mortgage think like " think like i should get a home even if one of us is not able to work"- like mortgage should be only your 1/4 th of our gross income.
Bro pazhaya veedu vittukazhijappo nalla appreciated amount kittiyille, I thought you both would have used that amount to reduce the mortgage on the new house. Don’t worry things will turn around, elladathum ee avastha aaanu.
Recession is a Western Economic reality right now, the dollar printing that America and Canada did during Covif may be a reason for this inflation but the real reason is Russia Ukraine War and the fact that the Oil Prices are skyrocketed, Gulf countries are also taking advantage of the situation which every business would do, they have reduced the oil production to make more profit and that also has increased Oil prices, and now that’s basic, Oil price is the main thong for inflation , so the western countries are trying to bring down inflation by making things expensive by increasing interest rate, anticipating that killing demand will bring down inflation, but when the oil prices are increasing again inflation goes up again, this is a on going cycle and the entire western economy is caught up here, the real winner is the Oil Economies… J P Morhan has warned that interest tates may go to 7% … or maybe more, and its Bank Of America that determines the interest rate Bank Of Canada just follows since both of this nations are so connected economically… situation is not good… hope war ends and Oil prices comes down…. But , dont know
ഒന്നും തോന്നരുത് നികളുടെ ആഗ്രഹം ആണ് പക്ഷെ ഒരു കാഴ്ചകരൻ എന്ന നിലയിൽ നിങ്ങൾ ഒക്കെ എന്ത് ട്രാപ്പിൽ ആണ് ഈ ലോൺ ഓക്കേ അടച്ചു 25 spoiler ആകണോ ഇതിനു മുൻപ് നല്ല ഒരു വീട് ഇല്ലായിരുന്നോ ഞാൻ ഇപ്പൊ ഗൾഫിൽ ആണ് ജീവിതം എന്താണെന്ന് എന്നെ പഠിപ്പിച്ച നാട് നമ്മടെ സാമ്പത്തിക നില മനസ്സിൽ ആക്കി ജീവിക്കു കേരളം അത് ഒരു വികാരം ആണ് 🤌🤌🤌😊😊
@usair He had told in another video that he bought a home approx. 600k and sold that house for 1400k. So they made a huge profit. They also have a second house which they have rented out. Even though they are struggling a bit now, overall they have a huge asset. So, their strategy helped them to create wealth.
