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Every single loving news outlet seems to skip over the fact that full time jobs are decreasing and the growth in jobs comes from part time jobs. so all you need to buy a million dollar house is a part time job slinging lattes i guess
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May 12, 2016 17:45
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Femtosecond posted:A dull reason for exceptional Vancouver and Toronto housing demand. Construction, FIRE and a lot of 6 month no benefit subcontractor positions.
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May 12, 2016 18:00
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Vancouver mansion sold by Canaccord founder for record $31.1 million now owned by ‘student,’ records show
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May 12, 2016 18:05
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Cultural Imperial posted:Every single loving news outlet seems to skip over the fact that full time jobs are decreasing and the growth in jobs comes from part time jobs. They will get their 24 hours a week at Starbucks and augment it with untaxed income from Uber, TaskRabbit, perhaps even Mechanical Turks
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May 12, 2016 18:12
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Femtosecond posted:So what types of jobs are being created? All construction would probably be a bad sign... Real estate agents, mortgage brokers, etc. Must speak Mandarin though. Edit: How do you improve downtown Chilliwack? Fort McMurray had some good ideas. McGavin fucked around with this message at 18:50 on May 12, 2016 |
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May 12, 2016 18:29
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EvilJoven posted:Construction, FIRE and a lot of 6 month no benefit subcontractor positions. This seems particularly scary. This means that throughout all of Canada, despite the constant claims that Vancouver and Toronto are unusual and that the rest of Canada is doing fine, the majority of recent real job growth can be directly linked to the real estate bubble?
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May 12, 2016 18:49
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MeinPanzer posted:This seems particularly scary. This means that throughout all of Canada, despite the constant claims that Vancouver and Toronto are unusual and that the rest of Canada is doing fine, the majority of recent real job growth can be directly linked to the real estate bubble? Real Estate is like 41% of our GDP or something massively loving stupid
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May 12, 2016 18:59
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Vancouver millennials have lowest discretionary income in Canada after buying property. quote:The report found a typical millennial couple in Vancouver will accumulate $2,745 in debt each year — including additional expenses — if they buy property. Hahaha get hosed millennials.
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May 12, 2016 19:02
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McGavin posted:Vancouver millennials have lowest discretionary income in Canada after buying property. lol In that case, the report shows only by living in a condo, can an average family make ends meet.
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May 12, 2016 19:05
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etalian posted:lol *Christy Clark appears in a cloud of red smoke* Enjoy your one bedroom Yaletown condo forever, my pretties, and your little dog too!
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May 12, 2016 19:11
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If a student can buy a Liberal party donor's house for $30 million then housing affordability in Vancouver seems pretty good.
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May 12, 2016 19:47
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A 34 year old is not a "millenial" jesus loving christ.
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May 12, 2016 19:52
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Oakland Martini posted:The most recent version was finished in February. Publishing in economics is ridiculous. It can take over ten years to go from submission to publication in top journals. I don't know how the gently caress you are supposed to get tenure that way. Sorry, I didn't mean to imply that you were bad (at publishing/your job/whatever). I know economics is a long review field, it just blows my mind when I come face-to-face with it and I feel bad for the people that have to deal with it.
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May 12, 2016 19:53
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jm20 posted:They will get their 24 hours a week at Starbucks and augment it with untaxed income from
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May 12, 2016 19:55
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MeinPanzer posted:This seems particularly scary. This means that throughout all of Canada, despite the constant claims that Vancouver and Toronto are unusual and that the rest of Canada is doing fine, the majority of recent real job growth can be directly linked to the real estate bubble? When I said 'subcontractor' I also mean that more in white collar environments. You in IT? 6 month contract. You an accountant? 6 month contract. MBA? 6 month contract. The idea of someone being a full time permanent employee is slowly becoming uncommon. A good chunk of the population has no idea what or where they'll be working beyond 6 months. Kinda hard to plan for anything in that kind of environment, even if you're receiving a decent income while you're working.
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May 12, 2016 19:58
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HookShot posted:A 34 year old is not a "millenial" jesus loving christ. 82 is the first millennial
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May 12, 2016 20:02
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jm20 posted:82 is the first millennial
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May 12, 2016 20:10
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EvilJoven posted:When I said 'subcontractor' I also mean that more in white collar environments. Yeah the trend has been Employment for life-> Now regular employment 2-3 years before jumping ship -> lovely contract works in 9 month to 12 month intervals
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May 12, 2016 20:37
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This is pretty great: SLEEP OVER at Vancouver City Hall Offices during Housing Crisis 
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May 12, 2016 21:27
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loving lol
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May 12, 2016 21:42
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HookShot posted:I refuse to accept that someone who was already an adult at the turn of the millenium as a "millennial". If you were born in the 80s anyone who calls you a 'millennial' is a dimwit. I was born in the 80s, my cousin was born in 2001; we're not the same generation at all. Her life growing up and the world around her is immensely different than mine.
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May 12, 2016 22:33
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Yeah, I agree completely, I was born in 88, and I ski race with a bunch of kids born in the late 90s, and their lives are soooooo different to how mine was at the time, it's ridiculous.
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May 12, 2016 22:42
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etalian posted:lol Good news though, because if you don't have a kid, you'll have $16k a year in disposable income between the two of you as DINKs. You can totally raise a kid and save for their future on $16k a year, it's fine. No need to save for your own retirement, either - you're landed gentry now! Your 1br Yaletown condo is just like a pension and its value will never go down and there will never be any unexpected expenses or strata assessments. Just pass the condo down to your kid shortly before you die, and you've successfully lived your entire life in metro Vancouver and proved the critics wrong. How there is not an enormous exodus to the warm parts of the US/ROW I will never understand. We are quickly approaching Italian levels of youth unaffordability. 
Seat Safety Switch fucked around with this message at 23:01 on May 12, 2016 |
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May 12, 2016 22:55
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As a kid were you allowed to just go outside and play? Do you remember building forts it other poo poo out of random stuff you could find? Could you ask your parents if you could go do something without their supervision without immediately throw them into a panic with them screaming because you were going to be raped and murdered by a pedo/Muslim/terrorist? Congrats, you avoided being a millenial.
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May 12, 2016 23:04
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HookShot posted:Yeah, I agree completely, I was born in 88, and I ski race with a bunch of kids born in the late 90s, and their lives are soooooo different to how mine was at the time, it's ridiculous. But I think the defining characteristic of the millennial generation is coming of age around the first decade of the millennium. Kids born in the late 90s are entering the adult stage of their lives in a very different society than we did. More screwed in some ways, but less in other ways. If I were turning 18 now instead of nearly a decade ago, I suspect I would be making very different choices. You could argue that we are on the older end of the millennial generation but we are still solidly a part of it, I think. It is interesting to think about how we might categorize our generation not in terms of age but in terms of the major events and changes in society and technology that have occurred during our "formative years.". For example, one might say that our generation is defined by being aware of 9/11 but not adult when it happened. Or that we have experienced the rise of smartphones and tablets and broadband but still remember life before those things clearly.
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May 12, 2016 23:05
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EvilJoven posted:As a kid were you allowed to just go outside and play?
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May 12, 2016 23:17
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EvilJoven posted:As a kid were you allowed to just go outside and play? I did all that, but I think much to my disappointment I'm still a millennial. My parents were in their mid-30s when I was born, so I probably was raised differently from many people my age, considering many of the things you mention are more about parenting than anything else. Apropos of your recent decision to become a pilot, which is awesome as gently caress and I'm kinda jealous, I can't help but wonder how in-demand you'll be when we have a generation of kids that never got invited to see the cockpit  I suspect it will be good for you but those kids are missing out big time. Who knows if their interest in aviation will be sparked in the same way mine (ours?) was.
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May 12, 2016 23:28
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El Scotch posted:...I was born in the 80s, my cousin was born in 2001; we're not the same generation at all... Because you're a millennial and she isn't, right? 
pinarello dogman fucked around with this message at 23:33 on May 12, 2016 |
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May 12, 2016 23:30
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THC posted:My parents used to try to send me out to play in the muck like they did when they were kids but I just wanted to spend the day inside on the computer. Does that count? A little bit. Most of the fun poo poo I did outside growing up was both dangerous and/or in contravention of typical HOA rules. You aren't to blame for being bored in the nerfed wasteland of suburbia. There aren't any interesting things to do for kids now that we've decided moderate injury is to be avoided at all costs. Thank God my one friend who has a kid at this point is teaching her to take risks and to try whatever she wants to do. With regard to last night's (or afternoon's) derail: that's the sort of thing I was talking about. Don't be afraid to take calculated risks, or to assert yourself when necessary. Talk to strangers regularly and see new places and things!
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May 12, 2016 23:39
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Two bedroom condos in my parents' wood frame condo are now selling for over a million dollars. They're not even in that great of an area (Parkgate Village). And I thought they blew it when they sold their oceanfront Deep Cove place for "only" $900,000 (they still did but gently caress are boomers lucky).
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May 12, 2016 23:53
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El Scotch posted:If you were born in the 80s anyone who calls you a 'millennial' is a dimwit. The former is a millennial. The latter hasn't yet had a title attached to their generation that will be poorly understood by internet posters. ocrumsprug fucked around with this message at 00:30 on May 13, 2016 |
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May 13, 2016 00:27
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quote:
Read more: http://www.afr.com/business/banking-and-finance/confessions-of-a-china-banker-it-was-all-a-bit-dodgy-20160512-gou4be#ixzz48UxgcrKN
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May 13, 2016 03:20
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So, how many of you are excited for negative interest rates on your savings accounts and a hike in standby fees / banking fees on your checking accounts & home/credit loans ? (Credit cards included for those who are semi-literate).
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May 13, 2016 07:16
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Hal_2005 posted:So, how many of you are excited for negative interest rates on your savings accounts and a hike in standby fees / banking fees on your checking accounts & home/credit loans ? (Credit cards included for those who are semi-literate).
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May 13, 2016 08:23
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El Scotch posted:If you were born in the 80s anyone who calls you a 'millennial' is a dimwit. People born in the '80s came of age around the turn of the millennium and are therefore millennials. That's where the term came from; it doesn't mean someone born around the turn of the millennium. Or do you think someone born in the '80s is a Gen Xer?  Hal_2005 posted:So, how many of you are excited for negative interest rates on your savings accounts and a hike in standby fees / banking fees on your checking accounts & home/credit loans ? (Credit cards included for those who are semi-literate). The parallel hike in fees happens regardless of the central bank's rate because  . Negative interest rates on savings accounts will never happen because the banks are not dumb enough to cause a slow-motion bank run. To quote Jon Stewart re: George W. Bush: "Do you know anything...about anything?"
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May 13, 2016 12:21
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Hal_2005 posted:So, how many of you are excited for negative interest rates on your savings accounts and a hike in standby fees / banking fees on your checking accounts & home/credit loans ? (Credit cards included for those who are semi-literate). Hey do you work for money Mart
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May 13, 2016 13:11
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We will see negative rates on loans in my lifetime.
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May 13, 2016 13:43
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Ya gently caress it I'm doubling down on the BoC and government keeping us in this corner we've painted ourselves into for the foreseeable future. Buying a house this weekend and I based my affordability calculations on a 4% mortgage rate because any higher than that and the entire country will fall apart. YOLO gently caress it.
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May 13, 2016 14:01
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EvilJoven posted:Ya gently caress it I'm doubling down on the BoC and government keeping us in this corner we've painted ourselves into for the foreseeable future. Buying a house this weekend and I based my affordability calculations on a 4% mortgage rate because any higher than that and the entire country will fall apart. YOLO gently caress it. I'm going to see open houses this weekend. In downtown Toronto. It's not an investment, it's a place to live. It's not an investment, it's a place to live. It's not an investment, it's a place to live. 
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May 13, 2016 14:06
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Speaking further down the line, how many of you fucks are all-in on a UBI being instituted before retirement? Really I'm fully invested on climate change destroying civilization before I'm 60 either way, but I certainly see no way for someone in their 20's to save enough to retire on while living on average Canadian wages. Like, sure we're pretty hosed today, but we're turbofucked when we get too old to work. 
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May 13, 2016 14:16
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