Lexicon posted:

You guys are going to love this one: http://m.theglobeandmail.com/globe-...?service=mobile

(CI is going to have a brain aneurism )

quote:

Eric and Ilsa put lifestyle ahead of financial concerns but it has put them in a bit of a bind. He is 41 and a physician, she is 39 and a dentist.

They have five children, ranging in age from less than a year to 9, all of whom will go to private school. They have substantial earning power – although Ilsa is on mat leave at the moment – but Eric chooses to work for less money than he could.

They are living rent free in a relative’s house (they pay taxes, utilities and upkeep) and “regret not having bought a house years ago,” Eric writes in an e-mail. Houses in their Vancouver neighbourhood have doubled in price in the past two years. The house where they live is going up for sale soon, so they need to move quickly.

Last fall, they bought a building lot for $1.1-million and are planning to build a house large enough for their family and a live-in nanny. But with a combined income of $360,000 ($450,000 when Ilsa returns to work) and an $800,000 mortgage, can they afford the builder’s $1-million price tag? Who will lend them the money?

“Two professionals should be able to afford a modest house, but we can’t get the numbers to work and would appreciate some help,” Eric writes. He earns $200,000 a year working one day a week in a medical clinic. But his real love is teaching, which he does one day a week at a university; this earns him $100,000 a year.

“I have no pension whatsoever, but like my parents, colleagues and mentors, I love my work and plan to keep going well into my 80s, so retiring is not a big concern, just living,” Eric writes.

Lexicon posted:

You guys are going to love this one: http://m.theglobeandmail.com/globe-...?service=mobile

(CI is going to have a brain aneurism )

PC LOAD LETTER posted:

Cultural Imperial posted:

It's time we solved these problems with a guillotine

Lexicon posted:

You guys are going to love this one: http://m.theglobeandmail.com/globe-...?service=mobile

(CI is going to have a brain aneurism )

Professor Shark posted:

Haha I remember these, I have no idea why they released them when the numbers are astronomical enough for their base to be questioning why they aren't making over half a million a year

quote:

“Two professionals should be able to afford a modest house, but we can’t get the numbers to work and would appreciate some help,” Eric writes. He earns $200,000 a year working one day a week in a medical clinic. But his real love is teaching, which he does one day a week at a university; this earns him $100,000 a year.

xerxus posted:

These wages seem suspicious. There's no university I know of that will pay 100k/yr for one day a week.

Doctors can earn 350k/year, but that's full-time.

PT6A posted:

"My real love is teaching. I do it one day a week."

What the gently caress? And why in gently caress's name do you need a live-in nanny with one parent on maternity leave and the other one working literally two days per week? Why do you keep having kids if you have no interest in actually loving raising them?

PT6A posted:

"My real love is teaching. I do it one day a week."

What the gently caress? And why in gently caress's name do you need a live-in nanny with one parent on maternity leave and the other one working literally two days per week? Why do you keep having kids if you have no interest in actually loving raising them?

AegisP posted:

I like how the article's proposed solution is that Eric work one more day a week in the clinic and that this will give him $200,000 more a year.

AegisP posted:

I like how the article's proposed solution is that Eric work one more day a week in the clinic and that this will give him $200,000 more a year.

blah_blah posted:

I should have become a (real) doctor, I guess.

Meanwhile, in the Financial Post, we have a couple in their 50s with no real savings, but who are going have their house bought from them by their local municipality at a massive premium. Do they ever pick families in remotely 'normal' circumstances?

ChipNDip posted:

Canada really is just the U.S. 7-10 years behind the times. This is the exact type of poo poo you read and heard about people living in the Sunbelt did circa 2006.

Lexicon posted:

No wonder it's the primary career ambition of most working-age Canadians to get onto the public sector gravy train.

It doesn't exactly bode well for the future.

Lexicon posted:

No wonder it's the primary career ambition of most working-age Canadians to get onto the public sector gravy train.

It doesn't exactly bode well for the future.

Lexicon posted:

You guys are going to love this one: http://m.theglobeandmail.com/globe-...?service=mobile

(CI is going to have a brain aneurism )

blah_blah posted:

Here's one for CI, a couple in the Armed Forces: http://business.financialpost.com/2015/01/09/b-c-couple-worries-that-unexpected-pay-cuts-could-severely-jeopardize-their-retirement-plans/

(spoiler alert: gigantic government pension means easy retirement despite having no real savings at 60)

blah_blah posted:

Here's one for CI, a couple in the Armed Forces: http://business.financialpost.com/2015/01/09/b-c-couple-worries-that-unexpected-pay-cuts-could-severely-jeopardize-their-retirement-plans/

(spoiler alert: gigantic government pension means easy retirement despite having no real savings at 60)

Lexicon posted:

On top of the oodles of cash, they get a $1200 a month travel allowance for Christ's sake. Happy to learn I'm helping pay for that.

Professor Shark posted:

I had a friend who was in the Forces and he said that wasted money leaks from everywhere and that if he wasn't benefiting from it he would have been furious as a taxpayer. /anecdote

Throatwarbler posted:

I sort of reconciled myself with the knowledge that the small treats they throw my way are so inconsequential compared to the stuff that actually matters, it's all for the best. SO sometimes yeah I guess I could finish digging that ditch in the frozen Manitoba tundra in half a day instead of a full day, oh well better me than the F-35.