|
Baronjutter posted:Need the right hair/last name Boo I was hoping you'd say too much job experience.
|
#
?
Jul 8, 2016 05:31
|
|
|
|
| # ? Jun 2, 2024 19:25 |
|
|
Well, apparently landlords are turning away possible tenants on the basis of having kids in the lower mainland. Super cool.
|
|
#
?
Jul 8, 2016 05:55
|
|
|
PT6A posted:that's a great story you should tell it at parties this is a poo poo post you should stop Now check out this rad rent-vs-buy calculator the New York Times (of all newspapers) made: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html Note the section on "Maintenance and Fees: Owning a home comes with a surprising variety of expenses that renters do not directly pay." Now watch as these facts are washed away by fresh new tidal waves of irrational exuberance.
|
|
#
?
Jul 8, 2016 06:09
|
|
|
.
James Baud fucked around with this message at 11:18 on Aug 25, 2018 |
|
#
?
Jul 8, 2016 06:11
|
|
|
eXXon posted:You may want to ask the grad studies thread about your specific field of performing arts or whatever it is but if you're old enough to have an MA and 10 years of work experience, a PhD is unlikely to be a valuable use of another 3-5 years of your life. To answer this, I only worked in non-profit performing arts doing admin work as a PT thing while going to school. My MA is in Communications & Marketing with a research focus, and I now work for a municipality. I may end up relocating regardless of the PhD, as even if I moved up in the government I work for the salaries still aren't where they need to be to be able to afford to live anywhere close to where I work. eXXon posted:this is a poo poo post you should stop Isn't that PT6A's whole shtick? Doctor fucked around with this message at 06:26 on Jul 8, 2016 |
|
#
?
Jul 8, 2016 06:14
|
|
|
Serious post: do not underestimate the value of a defined benefit pension.
|
|
#
?
Jul 8, 2016 06:25
|
|
|
namaste faggots posted:Serious post: do not underestimate the value of a defined benefit pension. +1. However a defined benefit pension is only good if the bennies are indexed to inflation and your Pension fund has a constant stream of new policies to maintain the payout (Ponzi). Nobody likes a repeat of the California State Pension Plan.
|
|
#
?
Jul 8, 2016 06:30
|
|
|
namaste faggots posted:Serious post: do not underestimate the value of a defined benefit pension. Good luck getting one of those. Having said that, I get one in Oz but it seems like it will pay out less than (my employer) puts in, unless I stick around until I'm well into my 40s. And then if you leave Australia - I mean why would you, ever?? - it all gets taxed at 50%. Whoop dee doo.
|
|
#
?
Jul 8, 2016 06:43
|
|
|
hahhahahah Hal's avatar.eXXon posted:Good luck getting one of those. Where the hell do you work? Who is still handing out defined benefit pensions these days?
|
|
#
?
Jul 8, 2016 07:07
|
|
|
Jumpingmanjim posted:hahhahahah Hal's avatar. I've got one. Work in health care in BC.
|
|
#
?
Jul 8, 2016 07:15
|
|
|
rhazes posted:I've got one. Work in health care in BC.  
|
|
#
?
Jul 8, 2016 07:40
|
|
|
Demon_Corsair posted:The longer this goes on the more I think about buying a house because the worse it gets the more likely there will be a home owner bailout when the bubble finally stops. Haha, that's one hell of a bet. While you're the one speculating the bank is the one who is actually leveraged up the rear end on owning these assets. They'll get their bad credit bailed out because otherwise everyone loses their everything. Meanwhile, nobody gives a poo poo about your house now being worth half of your mortgage and costing twice as much monthly. Look at the US, Ireland, Portugal, Cyprus and soon-to-be UK. Taking this bet is not worth it.
|
|
#
?
Jul 8, 2016 07:54
|
|
|
Jumpingmanjim posted:hahhahahah Hal's avatar. My wife has one. She works for Alberta Pension Services 
|
|
#
?
Jul 8, 2016 07:55
|
|
|
Meat Recital posted:The other problem with moving away from Vancouver is where do you go? The only other cities with jobs are Toronto, but the housing market there isn't much better than Vancouver, and Montreal, which most people won't want to move to because of the (perceived) language barrier. Just a few hundred kilometers south is a metropolitan area operating an actual real big person economy with both rent and housing significantly cheaper and slightly better weather.
|
|
#
?
Jul 8, 2016 09:06
|
|
Myriarch posted:Just a few hundred kilometers south is a metropolitan area operating an actual real big person economy with both rent and housing significantly cheaper and slightly better weather. It's really difficult to immigrate to the US. My brother tried and failed even with an American dad. He renounced his citizenship so we have to wait until he dies thanks to weird rules.
|
|
|
#
?
Jul 8, 2016 10:58
|
|
|
http://business.financialpost.com/news/fp-street/canadas-top-banking-regulator-tightens-scrutiny-of-mortgage-lending-practicesquote:Canada’s top banking regulator tightens scrutiny of mortgage lending practices amid soaring home prices Guess house sales are going to start picking up again before November
|
|
#
?
Jul 8, 2016 12:33
|
|
|
Are they building micro-suite condos in Barrie yet?
|
|
#
?
Jul 8, 2016 13:16
|
|
|
https://twitter.com/dbcurren/status/751397759828258816?s=09 Strong fundamentals
|
|
#
?
Jul 8, 2016 13:52
|
|
|
https://twitter.com/amberkanwar/status/751393828758847489?s=09
|
|
#
?
Jul 8, 2016 14:02
|
|
|
Interesting that "working for yourself" is considered lower job quality than "working for someone else". Isn't being your own boss the dream?!
|
|
#
?
Jul 8, 2016 14:06
|
|
|
Subjunctive posted:Interesting that "working for yourself" is considered lower job quality than "working for someone else". Isn't being your own boss the dream?! Successful ones incorporate and are technically full time employees of their own company.
|
|
#
?
Jul 8, 2016 14:09
|
|
|
Ikantski posted:Successful ones incorporate and are technically full time employees of their own company. Why would you do that? It's generally better to pay yourself via dividends over treating yourself as your own employee.
|
|
#
?
Jul 8, 2016 14:12
|
|
|
Hal_2005 posted:However a defined benefit pension is only good if the bennies are indexed to inflation and your Pension fund has a constant stream of new policies to maintain the payout (Ponzi). Nobody likes a repeat of the California State Pension Plan. Calling a pension plan a Ponzi scheme just confirms that you're a knee-jerk conservative hack who doesn't actually know anything about pensions, economics, etc.
|
|
#
?
Jul 8, 2016 14:14
|
|
|
Hal's posts area like retro dnd back when shitheads like Lord Kenneth, voice of reason and ferretball ruled the sweaty fatty's, mom's basement dwelling libertarian roost.
|
|
#
?
Jul 8, 2016 14:29
|
|
|
rhazes posted:I've got one. Work in health care in BC. If you get to work in the euthanasia department, not only can you have choice parting words for your boomer customers but you can be first in line to know their house is going on the market. Holy poo poo, Justin's a genius.
|
|
#
?
Jul 8, 2016 14:31
|
|
|
Ikantski posted:Successful ones incorporate and are technically full time employees of their own company. Sole proprietorships aren't counted as self-employed? That would surprise me, as would them taking a fixed salary because you don't get the better deduction profile then, and: PT6A posted:Why would you do that? It's generally better to pay yourself via dividends over treating yourself as your own employee. Is this based on your experiences? All the times I've been in that situation or know of friends who were they would describe themselves as self-employed.
|
|
#
?
Jul 8, 2016 14:45
|
|
|
Subjunctive posted:Interesting that "working for yourself" is considered lower job quality than "working for someone else". Isn't being your own boss the dream?! I need to see if I can find that article again but a few years ago there were a few that came out in a short time span that indicated that most financial institutions were coming to realize that a lot of people who are self employed are doing so in a desperate attempt to end their chronic unemployment / underemployment. They're no longer throwing tons of unsecured loans at self employed people because they know there's a good chance they're never going to see those loans paid back. 'Self employed' is no longer seen as a sign of success.
|
|
#
?
Jul 8, 2016 14:56
|
|
|
Subjunctive posted:Sole proprietorships aren't counted as self-employed? That would surprise me, as would them taking a fixed salary because you don't get the better deduction profile then, and: Sole proprietorships are probably counted as self employed. I was talking about people who incorporate their company to legally separate it from themselves. PT6A posted:Why would you do that? It's generally better to pay yourself via dividends over treating yourself as your own employee. Yeah, you definitely still do dividends. The small salary gives you a bi-weekly stream of income that you don't need to file corporate paperwork for, lets you take part in your employee benefits program, lets you deduct work from home expenses, gives you "earned income" against which to deduct RRSPs, helps you get loans, lets you contribute to and receive CPP and once you factor in corporate tax + dividend tax, it's not a huge savings. EvilJoven posted:'Self employed' is no longer seen as a sign of success. Yep, to me it's synonymous with Scentsy moms.
|
|
#
?
Jul 8, 2016 15:05
|
|
|
Banks are afraid of self-employed people because of a number of reasons. Some of them are based in reality and some is just traditional wisdom that might not be relevant anymore. "Most new businesses fail within three years" is a big one. Also traditional income confirmation doesn't work for self-employed people. If you are salaried, they might be okay with just accepting a recent paystub and last years tax return. If you are incorporated and paying yourself, your pay stub isn't worth the paper it is written on (since you can just write yourself a big cheque for one pay period and use that as your "bi-weekly pay." For tax returns, it can be a complex mess trying to sort out what part of business expenses can be added back in to income and what parts can't. It also doesn't help that almost every self-employed person who incorporates pays themselves a small salary, expenses a ton of stuff which they technically aren't allowed to, and then hides as much cash as possible. If all self-employed people operated like an actual corporation then they would be treated like being self-employed is a good thing. of course, considering how high the tax rate is in Canada I don't blame anyone who hides as much money as possible from the government
|
|
#
?
Jul 8, 2016 15:10
|
|
|
Jumpingmanjim posted:Where the hell do you work? Who is still handing out defined benefit pensions these days? Health care workers in Ontario, Teachers in Ontario, College/Technical School employees in Ontario, anyone under OMERS (municipal government employees). That ends up being a decent chunk of people, and that's only the big ones in Ontario. Also the only people who call DB pensions ponzi schemes are right-wing financial advisers who want to dismantle pensions so they can get a bigger piece of retirement savings investment pie, so that's interesting. That being said, if your DB plan starts taking contribution holidays or lets unions/employers determine contribution rates you may be in a lot of trouble. The failure of the previous generation of single-employer plans in Ontario led to laws that make it difficult for a plan to fail as spectacularly as California's did. Dreylad fucked around with this message at 15:24 on Jul 8, 2016 |
|
#
?
Jul 8, 2016 15:18
|
|
|
Slowpoke! posted:
looks liek we found another ancap tard
|
|
#
?
Jul 8, 2016 15:26
|
|
|
Slowpoke! posted:Banks are afraid of self-employed people because of a number of reasons. Some of them are based in reality and some is just traditional wisdom that might not be relevant anymore. "Most new businesses fail within three years" is a big one. Also traditional income confirmation doesn't work for self-employed people. If you are salaried, they might be okay with just accepting a recent paystub and last years tax return. If you are incorporated and paying yourself, your pay stub isn't worth the paper it is written on (since you can just write yourself a big cheque for one pay period and use that as your "bi-weekly pay." For tax returns, it can be a complex mess trying to sort out what part of business expenses can be added back in to income and what parts can't. It also doesn't help that almost every self-employed person who incorporates pays themselves a small salary, expenses a ton of stuff which they technically aren't allowed to, and then hides as much cash as possible. If all self-employed people operated like an actual corporation then they would be treated like being self-employed is a good thing. I think you mean take advantage of loopholes like adding family members as shareholders and issuing dividends that end up back in the account of the executor after paying reduced taxes on the income. Fix the tax code tbqh
|
|
#
?
Jul 8, 2016 15:38
|
|
|
Furnaceface posted:Pretty sure at this point most of us want to see how far this can go. The burst could be legendary. Why? Do you expect values to drop 60% and wipe out these frankly insane gains? I wish that was the case but I just don't see it happening unless the entire economy tanks which isn't going to leave a lot of opportunity for first time buyers or renters anyway. Assuming a 20-30% correction at some point it still seems like a lot of people are going to end up ahead on this and not have learned a damned thing.
|
|
#
?
Jul 8, 2016 15:39
|
|
|
Slowpoke! posted:of course, considering how high the tax rate is in Canada I don't blame anyone who hides as much money as possible from the government Which tax rate is too high and how high is too high?
|
|
#
?
Jul 8, 2016 15:57
|
|
|
jm20 posted:I think you mean take advantage of loopholes like adding family members as shareholders and issuing dividends that end up back in the account of the executor after paying reduced taxes on the income. I'm not so sure that the kinds of people owning corporations with family trusts are the same people who scare away lenders because they don't have verifiable self-employment income. My post was directly in response to banks tightening lending and why they would be wary of self-employed people.
|
|
#
?
Jul 8, 2016 16:08
|
|
|
Slowpoke! posted:I'm not so sure that the kinds of people owning corporations with family trusts are the same people who scare away lenders because they don't have verifiable self-employment income. You don't need a family trust to have family shareholders.
|
|
#
?
Jul 8, 2016 16:14
|
|
|
UnfortunateSexFart posted:It's really difficult to immigrate to the US. My brother tried and failed even with an American dad. He renounced his citizenship so we have to wait until he dies thanks to weird rules. But with an American dad you are automatically a US citizen. What was the problem?
|
|
#
?
Jul 8, 2016 16:16
|
|
|
The Gunslinger posted:Assuming a 20-30% correction at some point it still seems like a lot of people are going to end up ahead on this and not have learned a damned thing. Only the people that got on a couple of years ago and that haven't been using the appreciation to trade upwards as I know many are doing over here. 
|
|
#
?
Jul 8, 2016 16:17
|
|
|
Slowpoke! posted:I'm not so sure that the kinds of people owning corporations with family trusts are the same people who scare away lenders because they don't have verifiable self-employment income. Take a hypothetical scenario for a moment. You are a software mercenary at a rate of something like 150-200k a year in Canada. You live with a spouse, and two parents who are effectively retired. You add them all to your companies shareholder list. Each one gets something like 25-30k in income issued as a dividend. Lols are had, much less taxes are paid, and the money reflows to the personal account of the executor of the corporation. This is quasilegal.
|
|
#
?
Jul 8, 2016 16:29
|
|
|
|
| # ? Jun 2, 2024 19:25 |
|
|
Vehementi posted:But with an American dad you are automatically a US citizen. What was the problem? My guess is that his brother was born before the law's effect period. Only children born after 14NOV1986 automatically gain citizenship from having a single American parent. If he was born before that, he has to thread a bunch of different needles to get citizenship unless both parents were American citizens.
|
|
#
?
Jul 8, 2016 16:46
|
|