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Alberta insolvency rates rise as oilsands slumpquote:For the past two months, every time Jama Dirie had to make a purchase, he pulled his red Visa card out of his wallet. hahahahahah
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Jul 20, 2015 16:33
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quote:"With the economic downturn, people are relying more and more on credit to supplement their income and to supplement their habits and lifestyles, which they aren't able to adjust or change." I would love to hear more about these lifestyles they aren't able to change
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Jul 20, 2015 16:41
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triplexpac posted:I would love to hear more about these lifestyles they aren't able to change F-150 complete with trailer and ATV, 500k+ homes that they have been renovating with brand new everything, eating out 5 nights a week. You know, just enough to get by.
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Jul 20, 2015 16:58
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triplexpac posted:I would love to hear more about these lifestyles they aren't able to change https://en.wikipedia.org/wiki/Greece
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Jul 20, 2015 17:01
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Cultural Imperial posted:Alberta insolvency rates rise as oilsands slump Expect many more of these sob stories going forward.
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Jul 20, 2015 19:59
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Lexicon posted:Expect many more of these sob stories going forward. I'm ready!
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Jul 20, 2015 20:03
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gently caress anyone that was making Oilsands money and not saving any of it (in fact, going into huge debt). I shall very much enjoy watching them reap what they sowed.
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Jul 20, 2015 20:21
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Lexicon posted:Expect many more of these sob stories going forward. I'm a bit of an optimist but hearing this helps confirm my theory that I'm not going to have any trouble selling my low end condo in a few months. I seriously don't know how you max out a credit card and get any sleep at night. Teaching piano to get through university there was a couple of years where I'd have to float a balance of maybe $500 around mid September for a couple of weeks just until I got my monthly paycheck, even knowing that I'd have it paid off in time to avoid any fees but not having the money right at my disposal was nerve wracking.
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Jul 20, 2015 20:21
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PT6A posted:gently caress anyone that was making Oilsands money and not saving any of it (in fact, going into huge debt). I shall very much enjoy watching them reap what they sowed. The most infuriating thing is that this applies so much more to the province and even country vs the average worker. How did we not have a fund that made Norway's look like chump change? Alberta didn't even take a share for them selves, they took nothing. They were a land owner who let a mining company come and dig up their back yard, scattering trash and toxic soup everywhere then bail. "Well some of the workmen shared their lunches with me, and the mining company re-paved my driveway to get their heavy equipment in so it was good for me! If I had charged them a fee to dig up all the gold in my back yard I wouldn't have gotten a new driveway or those stale timbits!". Just amazing. Baronjutter fucked around with this message at 20:40 on Jul 20, 2015 |
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Jul 20, 2015 20:34
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Baronjutter posted:The most infuriating thing is that this applies so much more to the province and even country vs the average worker. How did we not have a fund that made Norway's look like chump change? Because Alberta doesn't want to share what it gets from resources but has no problem pissing and moaning whenever another province balks at a pipeline being put into their neighbourhood. The Alberta way is to bruteforce poo poo it wants and blow through everything it gets.
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Jul 20, 2015 20:37
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PT6A posted:gently caress anyone that was making Oilsands money and not saving any of it (in fact, going into huge debt). I shall very much enjoy watching them reap what they sowed. What pisses me off is these same shitheads that are now claiming EI will be the first ones to bitch about higher taxes as soon as they're employed again.
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Jul 20, 2015 20:55
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Solution, kill everyone in Alberta. I don't see a downside to this.
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Jul 20, 2015 21:04
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1500quidporsche posted:What pisses me off is these same shitheads that are now claiming EI will be the first ones to bitch about higher taxes as soon as they're employed again. It's called rational self interest, an admiral trait! Baronjutter fucked around with this message at 22:22 on Jul 20, 2015 |
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Jul 20, 2015 21:21
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Cultural Imperial posted:Solution, kill everyone in Alberta. I don't see a downside to this. I know theyre the minority but I have friends that live out there now because of work (not oil sands related) that happen to be functioing debt free members of society. No McMansions, no F150s, no maxed out credit cards, and of the opinion that taxes are in fact good when used correctly. Can we find a way to save them before we doom the province to its Mordor fate? 
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Jul 20, 2015 21:59
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Baronjutter posted:It's called rational self interest, an admiral trait! That's not rational self interest, that's pig-headed short-sightedness. Rational self-interest would be acknowledging the need for a robust social safety net in the case that unemployment or injury or whatever ends up happening to you [again].
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Jul 20, 2015 22:00
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Cultural Imperial posted:Solution, kill everyone in Alberta. I don't see a downside to this. My lovely friend had to move there and isn't enjoying it. She showed us her drivers license and she's actually crying in it, they had to take a few pictures for one to be accepted because you can't be obviously crying in your license picture. That's how bad Alberta is, made a grown woman cry when it finally hit her she's there to stay for the next few years.
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Jul 20, 2015 22:22
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Baronjutter posted:My lovely friend had to move there and isn't enjoying it. She showed us her drivers license and she's actually crying in it, they had to take a few pictures for one to be accepted because you can't be obviously crying in your license picture. That's how bad Alberta is, made a grown woman cry when it finally hit her she's there to stay for the next few years. Jesus, it's really not that bad.
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Jul 20, 2015 22:45
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Cultural Imperial posted:Alberta insolvency rates rise as oilsands slump This is particularly rich in the context of all the articles that told us that Canadian consumer debt wasn't anything to worry about because insolvency rates were low!
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Jul 20, 2015 22:46
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Baronjutter posted:My lovely friend had to move there and isn't enjoying it. She showed us her drivers license and she's actually crying in it, they had to take a few pictures for one to be accepted because you can't be obviously crying in your license picture. That's how bad Alberta is, made a grown woman cry when it finally hit her she's there to stay for the next few years. sounds like an emotionally stable person who does well with minor amounts of stress, she will get far in life
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Jul 20, 2015 22:47
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Everyone I know who went to work in the oilsands is colossally bad with money. Not only did they move to Fort Mac and immediately rack up ridiculous debt on toys and fail to save a penny, many of them took their newfound "wealth" as an opportunity to buy a house back home (Labrador West) at peak loving boom. If you think the bubble in Vancouver or Toronto is bad, imagine spending $350-$450k+ on a bungalow in the middle of nowhere Labrador. Now imagine doing that after watching your parents struggle to practically give the same house away about 10 years ago. It takes a special kind of stupid to do that.
leftist heap fucked around with this message at 22:59 on Jul 20, 2015 |
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Jul 20, 2015 22:51
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rrrrrrrrrrrt posted:Everyone I know who went to work in the oilsands is colossally bad with money. Not only did they move to Fort Mac and immediately rack up ridiculous debt on toys and fail to save a penny, many of them took their newfound "wealth" as an opportunity to buy a house back home (Labrador West) at peak loving boom. If you think the bubble in Vancouver or Toronto is bad, imagine spending $350-$450k+ on a bungalow in the middle of nowhere Labrador. Now imagine doing that after watching your parents struggle to sell practically give the same house away about 10 years ago. It takes a special kind of stupid to do that. Well, they sure don't pick 'em for their brains.
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Jul 20, 2015 22:53
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PT6A posted:Jesus, it's really not that bad. Yeah, seriously. There's a certain sort of BC'er who thinks their home province is an earthly utopia, and that Alberta is the deepest hellhole imaginable. Both opinions, lack nuance, shall we say.
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Jul 20, 2015 22:54
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Baronjutter posted:My lovely friend had to move there and isn't enjoying it. She showed us her drivers license and she's actually crying in it, they had to take a few pictures for one to be accepted because you can't be obviously crying in your license picture. That's how bad Alberta is, made a grown woman cry when it finally hit her she's there to stay for the next few years. Edmonton?
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Jul 20, 2015 22:56
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if you cant manage to keep from breaking down in tears for 30 seconds in public to get a picture taken you probably shouldnt be allowed out of the psyche ward yet
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Jul 20, 2015 22:57
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http://www.realtor.ca/Residential/Single-Family/15319046/130-RAVEN-Avenue-LABRADOR-CITY-Newfoundland-Labrador-A2V0B5 $445k earth dollars in a town with one dirt road in from bumfuck Quebec and one dirt road out to bumfuck Labrador. Or if you can't afford that, just $150k will get you a lovely  mini-home http://www.realtor.ca/Residential/Single-Family/15596430/3033-WALSH-RIVER-RD-LABRADOR-CITY-Newfoundland-Labrador-A2V2S7
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Jul 20, 2015 22:59
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rrrrrrrrrrrt posted:http://www.realtor.ca/Residential/Single-Family/15319046/130-RAVEN-Avenue-LABRADOR-CITY-Newfoundland-Labrador-A2V0B5 What the hell is a mini-home? 4 bedrooms and 1430 sqft isn't particularly mini.
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Jul 20, 2015 23:20
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rrrrrrrrrrrt posted:http://www.realtor.ca/Residential/Single-Family/15319046/130-RAVEN-Avenue-LABRADOR-CITY-Newfoundland-Labrador-A2V0B5 Had I bought the house I was offered when I moved up there I could have flipped it for at least 100k profit when I left. :/ Hindsight, man.
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Jul 20, 2015 23:23
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Square Peg posted:What the hell is a mini-home? 4 bedrooms and 1430 sqft isn't particularly mini. Hint: it's a trailer.
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Jul 20, 2015 23:26
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El Scotch posted:Had I bought the house I was offered when I moved up there I could have flipped it for at least 100k profit when I left. :/ My parents sold their house in 2002 for $80k and they threw in their 2 bedroom, furnished cabin (a really loving nice cabin too). You can't time that poo poo, don't feel too bad. It's amazing to see people who surely saw their parents go through a number of boom/bust cycles, strikes, threatened layoffs, etc. move back and spend almost half a million on something that's fundamentally worthless.
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Jul 20, 2015 23:29
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Cultural Imperial posted:Alberta insolvency rates rise as oilsands slump Saskatchewan guy here, I've read so many financial statements from these dumbfuck oil drillers. Even when they were making a ridiculous amount of money they were still barely hanging on due to their buying a new truck every year and a half and other stupid poo poo. I knew that if they ever stopped making that kind of money, they'd be hosed. And lo and behold that's exactly what happened.
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Jul 20, 2015 23:50
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Seat Safety Switch posted:Edmonton? Some suburb north of Edmonton. She's a tough lady but coming from Victoria, Edmonton suburbs are a soul-destroying frozen/sweltering hell hole. She's huge into ocean stuff, rock climbing, trail running, general rugged outdoorsyness, and hates driving. It took her by surprise really, she thought she was ok with it, but getting an Alberta license just made it sink in that she's stuck there. I can't say I wouldn't potentially have a similar reaction at least once if I were in her shoes. Taking someone born and raised in Victoria and plopping them somewhere like Edmonton. It's like taking an elf away from their magical forest, they slowly wither and die or become something corrupted and evil (not unlike an orc). Alberta is Mordor.
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Jul 20, 2015 23:51
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Baronjutter posted:Some suburb north of Edmonton. She's a tough lady but coming from Victoria, Edmonton suburbs are a soul-destroying frozen/sweltering hell hole. She's huge into ocean stuff, rock climbing, trail running, general rugged outdoorsyness, and hates driving. It took her by surprise really, she thought she was ok with it, but getting an Alberta license just made it sink in that she's stuck there. I can't say I wouldn't potentially have a similar reaction at least once if I were in her shoes. Taking someone born and raised in Victoria and plopping them somewhere like Edmonton. It's like taking an elf away from their magical forest, they slowly wither and die or become something corrupted and evil (not unlike an orc). Alberta is Mordor. This is really dumb.
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Jul 21, 2015 00:02
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rrrrrrrrrrrt posted:This is really dumb. He is "Joking".
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Jul 21, 2015 00:04
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Baronjutter posted:Some suburb north of Edmonton.
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Jul 21, 2015 00:05
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Baronjutter posted:The most infuriating thing is that this applies so much more to the province and even country vs the average worker. How did we not have a fund that made Norway's look like chump change? Alberta also has fairly low royalty rates so in addition to not having a Norway like sovereign fund to isolate slush money from the economy, companies got to create mordor while having to only pay pennies on the dollar in taxes.
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Jul 21, 2015 00:05
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etalian posted:Alberta also has fairly low royalty rates so in addition to not having a Norway like sovereign fund to isolate slush money from the economy, companies got to create mordor while having to only pay pennies on the dollar in taxes. Oh and they are never going to pay for full remediation costs just make it look "pretty" but its basically throwing a coat of paint over a wall someone poo poo all over.
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Jul 21, 2015 00:07
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Holy poo poo, 450k for that in Labrador City? 
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Jul 21, 2015 00:10
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Oh look prairie white trash all butt hurt because we're telling it like it is. smh
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Jul 21, 2015 00:37
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Baronjutter posted:Some suburb north of Edmonton. She's a tough lady but coming from Victoria, Edmonton suburbs are a soul-destroying frozen/sweltering hell hole. She's huge into ocean stuff, rock climbing, trail running, general rugged outdoorsyness, and hates driving. It took her by surprise really, she thought she was ok with it, but getting an Alberta license just made it sink in that she's stuck there. I can't say I wouldn't potentially have a similar reaction at least once if I were in her shoes. Taking someone born and raised in Victoria and plopping them somewhere like Edmonton. It's like taking an elf away from their magical forest, they slowly wither and die or become something corrupted and evil (not unlike an orc). Alberta is Mordor. Sounds like someone needs to loving grow up.
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Jul 21, 2015 00:47
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Lexicon posted:Sounds like someone needs to loving grow up. Seriously, there's plenty of opportunity in the Calgary or Edmonton areas for any of the things you mentioned (minus the ocean, obviously) if you just drive a while. Asking for all that stuff to be in the city seems a bit much, to be honest, and if Victoria really has all that without having to drive, then I guess she was stupid to have left.
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Jul 21, 2015 01:11
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