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ocrumsprug posted:What an evil man, dictating Albertan's stupid rear end policy since before you were even born. No wonder you hate him so. The city council has to give planning permission for new suburbs, do they not? It's not like he just stepped off the turnip truck... this is his second term, there have been entire new communities built since he took office.
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Mar 12, 2015 05:06
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Whiteycar posted:They do, but it takes a lot more to facilitate those people than just the infrastructure in that development. Oh my error then, I thought this was mostly regarding there not being a school. Though getting a built school is one thing, funding it's operation is another. Is Alberta having the same fall off in enrollment that most of BC is seeing?
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Mar 12, 2015 05:08
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ocrumsprug posted:Oh my error then, I thought this was mostly regarding there not being a school. Our overall system utilization is increasing, but not in the areas where we already have schools built and functioning, because our citizenry is retarded and bad.
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Mar 12, 2015 05:11
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Old but pretty funny: http://globalnews.ca/video/1098666/vancouvers-problem-of-affordability/ Has everyone's favorite Tsur Somerville saying the home to income multiple doesn't matter since Vancouver's god tier economy justifies such sky high prices vs wages compared to cities like Detroit or Pittsburg. etalian fucked around with this message at 06:08 on Mar 12, 2015 |
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Mar 12, 2015 06:06
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lol everyone wants to live here gently caress off
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Mar 12, 2015 06:13
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Cultural Imperial posted:lol everyone wants to live here From a voting with feet perspective everyone actually wants to live in Alberta. (at least until the commodity bubble imploded)
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Mar 12, 2015 06:18
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PT6A posted:Our overall system utilization is increasing, but not in the areas where we already have schools built and functioning, because our citizenry is retarded and bad. It's the same story in the GTA. Suburban schools popping up everywhere while giant baby booner schools in Toronto proper sit half empty.
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Mar 12, 2015 14:36
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http://www.theglobeandmail.com/report-on-business/economy/canadian-household-debt-burden-hits-record-high/article23417022/quote:Canadians’ household debt burden hit another record high in the final quarter of 2014, as debts grew faster than the sluggish pace of disposable income. Congratulations* you profligate loving assholes *gently caress you
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Mar 12, 2015 14:50
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PT6A posted:Let's talk about more idiotic choices in urban planning! I teach in Alberta (not Calgary though) and the way they calculate 'utilization' is ridiculous and no school would ever ever ever achieve 100% utilization. Anything above 85% is already insane. So yeah, they likely need to build more schools.
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Mar 12, 2015 14:52
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Just wanted to let everyone know that while canadians are wealthier than ever, we're at a record high 1 in 5 kids living below the poverty line in BC. Good job fuckheads
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Mar 12, 2015 15:36
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unlimited shrimp posted:It's the same story in the GTA. Suburban schools popping up everywhere while giant baby booner schools in Toronto proper sit half empty. Edit: You know what would overcome parental objections to busing? If schools dropped kids off at daycare after.
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Mar 12, 2015 15:38
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Cultural Imperial posted:Just wanted to let everyone know that while canadians are wealthier than ever, we're at a record high 1 in 5 kids living below the poverty line in BC. Good job fuckheads Edit: high Gini Coefficient=awesome, according to Conservative policies.
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Mar 12, 2015 15:41
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unlimited shrimp posted:It's the same story in the GTA. Suburban schools popping up everywhere while giant baby booner schools in Toronto proper sit half empty. Not entirely true. There is a big cohort of elementary school aged children that are entering the system, it is the high schools that are under used right now. However, obviously all those kids entering elementary schools will need high schools to go to in the 7-10 years so.... we probably shouldn't be closing/selling them off.
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Mar 12, 2015 15:46
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quote:Household debt in Canada hits a new all-time high with debt/income 163.3%, but cost to service debt near record low http://twitter.com/amberkanwar/status/575998678785208321/photo/1
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Mar 12, 2015 17:45
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Vancouver housing prices risk mortgage default: reportquote:According to Li's report, 68 per cent of B.C. credit union loans are personal real estate backed assets. And as of the second quarter of 2014, mortgages accounted for 47 per cent of total consumer debt. Emphasis Mine. 
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Mar 12, 2015 17:53
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PK loving SUBBAN posted:Not entirely true. There is a big cohort of elementary school aged children that are entering the system, it is the high schools that are under used right now. However, obviously all those kids entering elementary schools will need high schools to go to in the 7-10 years so.... we probably shouldn't be closing/selling them off. This is accurate. The inner suburbs of Toronto are bursting with kids. There are three grade one classes at the school my daughter goes to. TDSB is in serious trouble logistically and it is run by a bunch of idiots.
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Mar 12, 2015 18:07
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Cultural Imperial posted:http://www.theglobeandmail.com/report-on-business/economy/canadian-household-debt-burden-hits-record-high/article23417022/ quote:“It would be premature to cite the deterioration in the financial position of Canadian households, as evidenced by the above household debt metrics, as cause for concern that the risks posed by household imbalances are intensifying,” said Royal Bank of Canada economist Laura Cooper in a research note. “The debt-to-income measure is not our preferred metric for examining the financial position of Canadian households, most notably as it accounts for only one side of household balance sheets – the debt-to-net worth and debt-to asset ratios are likely better indicators.” Except, in a debt fueled asset bubble, this is exactly what you would expect to happen: highly indebted people see their assets rise in value so their debt-to-net-worth and debt-to-asset ratios get smaller while their debt-to-income ratio grows. What is it with economic analysts* and not evaluating the appropriateness of their benchmarks when the conditions under which they were initiated change dramatically? Does anyone know of a source comparing these metrics across the length of home ownership? My guess is that debt-to-asset ratio starts at one for new home owners and get pretty small for long time owners while debt-to-income is really large for new owners and pretty small for longer term owners. And that the trends cannot be attributed to slowly paying off a mortgage over its lifetime. *Economic analysts is used loosely here.
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Mar 12, 2015 18:26
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http://business.financialpost.com/2...-picks-embraer/quote:Bombardier Inc. lost the second prospect within a week for its CSeries aircraft after Deutsche Lufthansa AG opted instead for Embraer SA jets to renew the short-haul fleet of its Austrian subsidiary. Hey it's a good thing poloz lowered interest rates and weakened the dollar because
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Mar 12, 2015 20:14
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More lulz from the oil patch: Husky Energy tells 1,000 workers to leave oilsands project sitequote:Scaffolder Darcy Longman, who had been working on the site since June, found a letter slipped under his door early Wednesday. quote:Huygen has no idea why the job ended so suddenly. It's like the price of oil is poo poo or something. 
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Mar 13, 2015 00:53
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Who could've loving guessed? I feel bad for good people who are in a bad way, but I feel schadenfreude towards morons. More morons should be made to suffer, just out of general principle. If I could arrange a public whipping for anyone who bitches about the diminished value of their company stock, I would. Why didn't you sell when times were good, you whiny halfwits?
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Mar 13, 2015 01:14
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Whiteycar posted:Just another signpost on all signs point to duh for Calgary City Council being in the back pocket of developers. But wait! You forgot to mention that Big Joe, Sean Chu, and noted losers whats-his-loving-face in Ward 7 and James Maxim in Ward 11 were all funded extensively by the group of developers led by il Padrino himself, Cal Wenzel. ocrumsprug posted:Though getting a built school is one thing, funding it's operation is another. Is Alberta having the same fall off in enrollment that most of BC is seeing? Not at all. Alberta has, up until about a few months ago (  ), been experiencing significant natural growth as well as immigration.
David Corbett fucked around with this message at 01:41 on Mar 13, 2015 |
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Mar 13, 2015 01:36
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David Corbett posted:But wait! You forgot to mention that Big Joe, Sean Chu, and noted losers whats-his-loving-face in Ward 7 and James Maxim in Ward 11 were all funded extensively by the group of developers led by il Padrino himself, Cal Wenzel. To be fair about Ward 7, I'd pretty much rather literally anyone or anything but Druh loving Farrell. She is the most miserable oval office imaginable, and I'd probably support an unrepentant murderer over her at this point. Why we can't have something between Farrell/Nenshi and Wenzel's bunch of fuckholes is beyond me. Isn't there room for someone that thinks endless suburbs are a bad thing, but I should be able to smoke on my own property, and drive 50 km/h down a city street?
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Mar 13, 2015 01:45
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PT6A posted:Who could've loving guessed? Why sell now when the price will only get better in the future?
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Mar 13, 2015 02:06
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PT6A posted:To be fair about Ward 7, I'd pretty much rather literally anyone or anything but Druh loving Farrell. She is the most miserable oval office imaginable, and I'd probably support an unrepentant murderer over her at this point. Real cool man, what is this the Calgary Sun comments section?
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Mar 13, 2015 02:06
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Yeah pretty much the housing bubble means the bank's balance sheet is heavily tilted toward home loans. Also the bubble nature of the market and CMHC backing of loan's means there's a big incentive to focus on getting even more "profitable" home loans on the books.
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Mar 13, 2015 02:09
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http://m.thetyee.ca/News/2015/03/12/Facebook-Hired-Foreign-Workers/quote:The Canadian government gave Facebook the green light to hire 93 temporary foreign workers in its Vancouver offices, federal documents reveal. Literally, incontrovertible proof that vancouverites are human garbage not fit to work for facebook. Also, even the TFWs don't want to loving live here so they have to close up the office. namaste friends fucked around with this message at 05:19 on Mar 13, 2015 |
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Mar 13, 2015 05:17
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Facebook was pretty blunt from the outset that the engineering department was a green card holding tank that would only be open for around 18 months until the visas cleared. Like, they stated it in those exact terms to The Sun or somebody back when the office was announced. At the time, it was implied they were going to be poaching local talent for south of the border. Hilarious.
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Mar 13, 2015 05:26
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quote:Another common practice is to bring foreign employees to Canada for short contracts until their American work permits are approved, Mesbah said, adding that he's seen many talented B.C. graduates move to the U.S. to work for software giants, including Facebook's headquarters in California. I mean, it's pretty clear what the added value of H-1B holding tanks are. The added value is that you get a large number of highly skilled workers who make well above median salaries, consume things, pay taxes, and have zero long term cost to the city, province, or country. It is obviously not as good for the city, province, or country as permanent jobs. But arbitraging differences in immigration law is a fairly simple win. Canada has tons of talent. I work with lots of Canadians every day. My manager is a Canadian. But because they can work so easily in the US and get paid easily 2x more initially (and the gap only rises), there is almost no incentive at all for talented Canadians to work in Canada. Even the few large tech companies that do have permanent offices in Canada pay their Canadian employees substantially less than their American ones, from what I understand (and I'm sure your prospects for career advancement are also much worse). quote:According to federal Labour Market Opinions issued by Employment and Social Development Canada, Facebook successfully applied for 88 software engineers and four production engineers -- both jobs requiring only a bachelor's degree and English proficiency -- as well as one position of "Audience Researcher, Vertical Measurement" which required a PhD. 
blah_blah fucked around with this message at 10:27 on Mar 13, 2015 |
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Mar 13, 2015 10:25
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Whiteycar posted:Real cool man, what is this the Calgary Sun comments section? Please: defend that heinous waste of flesh, who claims we need lower speed limits because drivers are irresponsible, and who says she'd ban me from smoking in my own back yard if she could because she's a bitter old ex-smoker crone. I'm guessing if we were in the UK she'd be one of the joyless old hags celebrating the fact that Jeremy Clarkson's no longer on the BBC, with his loud cars and other such antics. She is emblematic of a detestable class of people, shown over and over again by her statements and policy priorities. PT6A fucked around with this message at 15:38 on Mar 13, 2015 |
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Mar 13, 2015 15:14
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quote:Paul Luke https://twitter.com/provmoney/status/576388265487384576 Who needs jobs? RE keeps going up and people are getting wealthier
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Mar 13, 2015 16:03
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http://www.macleans.ca/economy/on-household-debt-canadians-cant-stop-lying-to-themselves/quote:
 quote:
 quote:The recent jump in the household debt-to-income ratio also came before Bank of Canada Governor Stephen Poloz surprised everyone by cutting the overnight rate to 0.75 per cent from one per cent, where it had lingered since 2010. That’s almost certain to spur additional borrowing, and if incomes continue to stall out, the household imbalance is likely to break new records in the quarters ahead. but it's ok because debt service payments are still low keep buying motherfuckers
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Mar 13, 2015 16:07
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 https://twitter.com/BenRabidoux/status/576395478654410752 eat a loving dick canada
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Mar 13, 2015 16:10
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Cultural Imperial posted:http://www.macleans.ca/economy/on-household-debt-canadians-cant-stop-lying-to-themselves/ This is pretty hard to admit in this thread. I'm the pretty typical Canadian in this respect. No matter how much I *mentally* prioritize saving, it just never seems to happen because of my inability to control spending. Thanks to our DINK status, it's really not a problem...now, but it could quite easily become a problem in the future if the economy takes a poo poo. I'm a fairly smart guy, and I have all kinds of really technical hobbies, yet I can't seem to get my head around the financial industry. Every time I sit down and start trying to learn something about it just feels so loving overwhelming that I say gently caress it and lose interest. I read this thread, see the stats, make sense of them and think I know what I should be doing. But transferring that into something actionable is a failing on my part and I don't really know how to address it. It all just feels like such a undertaking that I take the easy path of "gently caress it! short term happiness!" If I had a cheat sheet of "just do this poo poo" even if it wasn't the most economical/efficient way to do things, that's fine, because it has to be better than what I'm doing now.
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Mar 13, 2015 16:21
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midge posted:This is pretty hard to admit in this thread. Why do you need to understand the financial industry? Is there some black magic to spending less than you make and not buying poo poo on credit? Here, watch this: https://www.youtube.com/watch?v=Qb8hTzUoI54 and then go to BFC. It even has French sub-titles to be Canada compliant!
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Mar 13, 2015 16:40
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MickeyFinn posted:Why do you need to understand the financial industry? Is there some black magic to spending less than you make and not buying poo poo on credit? Here, watch this: https://www.youtube.com/watch?v=Qb8hTzUoI54 and then go to BFC. It even has French sub-titles to be Canada compliant! The game feels like it's not designed for people to understand it. The banks are making 20% on credit cards while I can only make ~3% on savings, it instills this apathy in me that I can't shake. While I understand the reason for posting the video, I can afford the things I buy it just goes into the "put it on the Credit Card, pay it off on payday" cycle that I live by. Like I said, it's not an easy thing to put yourself in front of the firing squad; I know it's a bullshit way to go. \/ Holy gently caress. This is not my situation. I'm not carrying debt. I'm just not making ground at the speed I'd like either. midge fucked around with this message at 16:55 on Mar 13, 2015 |
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Mar 13, 2015 16:52
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Cultural Imperial posted:http://www.macleans.ca/economy/on-household-debt-canadians-cant-stop-lying-to-themselves/ This is basically a former roommate of mine. $55k+/yr at an easy-rear end IT gig, somehow had $35,000 (and climbing) in high interest credit card debt. Constantly complained about how it hung over his head, yet ate out for breakfast lunch and dinner and went out drinking regularly. When he did buy groceries, he never ate a single thing and it all just rotted in the fridge. New toys every month. Moved back in with his parents at middle-age so that he could save enough to go to Australia for a year, without paying off his credit cards. 
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Mar 13, 2015 16:54
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midge posted:The game feels like it's not designed for people to understand it. The banks are making 20% on credit cards while I can only make ~3% on savings, it instills this apathy in me that I can't shake. Right there you've made the first step. You understand that financial institutions are going to soak your rear end. The next steps are too about this. You've admitted you have sperglord tendencies with hobbies. Finance is a perfect for you. Start up a Google spreadsheet with your partner and figure out how much money you want to save for retirement. And read the Canadian finance thread in bfc. Did I remember to tell you to read the Canadian finance thread in bfc? Read the Canadian finance thread in bfc.
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Mar 13, 2015 16:57
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Rime posted:This is basically a former roommate of mine. $55k+/yr at an easy-rear end IT gig, somehow had $35,000 (and climbing) in high interest credit card debt. Constantly complained about how it hung over his head, yet ate out for breakfast lunch and dinner and went out drinking regularly. When he did buy groceries, he never ate a single thing and it all just rotted in the fridge. New toys every month. You know what is real sad? I know this person too and was questioning his decision to go to Australia for a year. If you want to visit that country so badly, just go spend a weekend in Whistler. To shore up cash, he's expecting to sell his whitebox PCs for ~$1,000 or something.
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Mar 13, 2015 17:01
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midge posted:The game feels like it's not designed for people to understand it. The banks are making 20% on credit cards while I can only make ~3% on savings, it instills this apathy in me that I can't shake. While I understand the reason for posting the video, I can afford the things I buy it just goes into the "put it on the Credit Card, pay it off on payday" cycle that I live by. Like I said, it's not an easy thing to put yourself in front of the firing squad; I know it's a bullshit way to go. It's actually pretty simple as long as you're not looking to game the system short-term. Long-term investments require cold nerves rather then any real expertise. Like CI said, read the canadian finance thread in bfc.
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Mar 13, 2015 17:03
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We buy stupid expensive poo poo all the time like $500 chairs, eat out for lunch or dinner way too often, are renting a 2br place in an expensive building simply because I want a room for my expensive choo-choo trains all on a combined yearly income under what a lot of people individually in this thread make yet we still manage to save a lot and invest it. There's no financial voodoo, just spend less than you take in every month and put that difference in savings. Set a minimum amount for your savings account, something like a month's living expenses, and then put the rest into your investments. It's just like weight loss. It's as "easy" as eating less than you burn in energy. But food, like spending, is addictive to people.
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