Dave Chilton

He said, that's fair, but it's also the ultimate forced spending program.

You're always writing a check for something.

So all of this is tricky.

And again, striking all the right balances, the answers vary from person to person.

Yeah.

I really tried to hit that hard in the book.

I really pushed that hard in the updated version of the book that if you stretch to the ultimate level to buy a home, you're going to be in trouble in many instances.

And what's good is I think the stress test, which takes some criticism, but I think it played a positive role there.

It took away people's ability to go to the max borrowing level and made them spend a little bit less on their home.

But you're right, downsizing, buying a little smaller, these are all very important things.

Okay, let's go, before we leave this, the FHSA, is it not one of the greatest things you've ever seen?

No, it is the best of the accounts we've ever seen in Canada for people who can qualify for it.

There's just no doubt about that.

As I've said, it's the best of the RSP with the best of the TFSA.

It's like their love child has come together and has an IQ of 160 and a great athlete.

This whole thing is perfect.

Okay, young people, they are trying to put monies in a TFSA and an RSP.

They're maybe trying to whittle away at non-deductible debt.

Could be mortgage, could be car loan, whatever.

They also need insurance.