|
OSI bean dip posted:Housing should optimally never cost more than 10-20% of your net income. uhhhh
|
#
?
Dec 23, 2016 05:32
|
|
|
|
| # ? Jun 6, 2024 09:50 |
|
|
Jordan7hm posted:uhhhh Note "should optimally". Obviously "should" and "optimal" is not in play in this market.
|
|
#
?
Dec 23, 2016 05:34
|
|
|
The government should optimally be giving me a GMI of approx 20k a year.
|
|
#
?
Dec 23, 2016 05:45
|
|
|
My rent and utilities have never gone above $550 in the eight years I've been down here, but I'm still broke.  It's because I'm terrible with money 
|
|
#
?
Dec 23, 2016 05:48
|
|
|
Is this an opportunity for humblebragging?
|
|
#
?
Dec 23, 2016 05:51
|
|
|
I would blow Dane Cook posted:Is this an opportunity for humblebragging? It's the opposite of humblebragging 
|
|
#
?
Dec 23, 2016 09:04
|
|
|
https://howmuch.net/articles/american-spending-past-75-years
|
|
#
?
Dec 23, 2016 16:45
|
|
|
cool chart but largely irrelevant to the discussion if you don't also have something on there about income.
|
|
#
?
Dec 23, 2016 17:00
|
|
|
Jordan7hm posted:cool chart but largely irrelevant to the discussion if you don't also have something on there about income. Discussion is on cost of housing and this chart shows the increase in disposable income going toward housing over time  We're much farther from 20% of income going towards housing than we have ever been.
|
|
#
?
Dec 23, 2016 19:45
|
|
|
.
James Baud fucked around with this message at 11:16 on Aug 25, 2018 |
|
#
?
Dec 23, 2016 21:19
|
|
|
James Baud posted:Elizabeth Warren, long before entering politics, did write a book that effectively said "essentially all the income from women joining the workforce en masse has gone to (a little bit of paid childcare and) bidding up the housing in good areas". link to that? I definitely believe it. and sounds like you don't want people to have housing and want to destroy equity!
|
|
#
?
Dec 23, 2016 21:34
|
|
|
mastershakeman posted:link to that? I definitely believe it. Not sure if this is the same video, but it sounds like the 'Two Income Trap' talk. https://youtu.be/8GHg3GAeQ1Y
|
|
#
?
Dec 23, 2016 22:12
|
|
|
Tsyni posted:The government should optimally be giving me a GMI of approx 20k a year. Yes. I would blow Dane Cook posted:Is this an opportunity for humblebragging? Feel free. OSI bean dip posted:I achieve it but even then it's 16% and my wife and I make well above the median wage. It scares the hell out of me for people who pay the same rent (which isn't atrocious) and yet make below median. The Canadian dream is to stretch to 5-6x earnings for your minimum down payment longest term credit union issued mortgage. its especially delicious to see people stretch so thin to keep up with the Joneses. Rolling 4 year leases, 5x earnings mortgages, working a ft job and ubering on the side, might even do some kijiji arbitrage. What a time to live
|
|
#
?
Dec 23, 2016 23:26
|
|
|
James Baud posted:Elizabeth Warren, long before entering politics, did write a book that effectively said "essentially all the income from women joining the workforce en masse has gone to (a little bit of paid childcare and) bidding up the housing in good areas". This is one of the reasons why I have been saying that we need to steer away from subsidized daycare and instead encourage parents to raise their own children. I don't care if it's the father or the mother that stays at home but someone should stay home and raise the kids. It'd probably also go a long way towards increasing the mental health of young people in this country while boosting the pool of meaningful work available for applicants.
|
|
#
?
Dec 23, 2016 23:43
|
|
|
EvilJoven posted:This is one of the reasons why I have been saying that we need to steer away from subsidized daycare and instead encourage parents to raise their own children. I think that genie is pretty much out of the bottle for good. You can encourage them all you want, but the financial numbers still won't add up. At this point WRT stuff like this, the best we can hope for is poo poo to stem the bleeding, maybe even stop it. But that leg is blown off and into little pieces, it's never getting reattached. Subsidized daycare would be a major victory to really improve quality of life a little more, a little longer.
|
|
#
?
Dec 24, 2016 01:15
|
|
|
$5 a day daycare would go a long way to addressing debt problems in the middle class.
|
|
#
?
Dec 24, 2016 17:44
|
|
|
OSI bean dip posted:$5 a day daycare would go a long way to addressing debt problems in the middle class. Ideally. Conversely it is another $1500 a month in mortgage you can carry.
|
|
#
?
Dec 24, 2016 17:53
|
|
|
subsidized daycare is turning our children into fentanyl addled zombies
|
|
#
?
Dec 24, 2016 18:36
|
|
|
It wouldn't help people without kids. If the goal is to encourage more kid having, then fine. The better route would be to get to a situation where prices/rent don't require two incomes.
|
|
#
?
Dec 24, 2016 18:39
|
|
|
Boot and Rally posted:It wouldn't help people without kids. If the goal is to encourage more kid having, then fine. The better route would be to get to a situation where prices/rent don't require two incomes. If this were true you'd be asking people to give up even more when choosing not to work. Women in the workforce, or rather two income households, are here to stay.
|
|
#
?
Dec 24, 2016 19:15
|
|
|
Fuzzy Mammal posted:If this were true you'd be asking people to give up even more when choosing not to work. Women in the workforce, or rather two income households, are here to stay. I can't make heads or tails of this statement. Can you be more specific? E: Are you saying that there will always be dual incomes and so even if housing was reduced to single earner rates that people would still have to give things up to move to single income? If so, how will they be giving up more? A second income is a second income whether it is spent on shelter or anything else. My point is that the solution to crazy prices for housing is to reduce the cost of housing not policies that allow people to spend more money on housing. Boot and Rally fucked around with this message at 19:51 on Dec 24, 2016 |
|
#
?
Dec 24, 2016 19:44
|
|
|
I think even a ~20k GMI could entice a lot of 2 income families to go down to 1. For instance you have a couple with a few kids. One parent makes 40k a year and the other makes 60k a year for a combined income of 100k. If they add up childcare, gardening service, their cleaners, all the times they order out because neither one has any energy to cook after work, maybe it comes to 20k a year. If the 40k earning parent quit their job to be a home-maker they could save that 20k, but they'd also be out another 20k. Some sort of GMI though would balance that out and let them be in more or less the same place financially as when they were working 2 jobs. They're earning less, but they're also saving a ton by actually cooking, doing all their cleaning and gardening and house upkeep them selves, and not having to pay through the nose for childcare and various activities and programs to keep their kids away from the house. They're also probably a lot less stressed (which can save a surprising amount of money). So in a situation like this, the GMI doesn't have to be higher or equal to one of the person's income, it only has to be about equal to their come minus all the other costs related to neither one of them having time to be a full time home-maker or parent. Of course 2 income people where both are high earning professionals won't give up a 2nd job for 20k when they're each making 100k, yet if they're both making 100k they could easily as a family decided to go 1 income any time they want (or maybe give a poo poo about their careers and actually get some sense of accomplishment??). But those people are fine. It's the sub-100k earning families that need the help and would massively benefit from even a small GMI.
|
|
#
?
Dec 24, 2016 21:13
|
|
|
clearly what needs to happen is polygamy so that 3 income families can outbid 2 income families
|
|
#
?
Dec 24, 2016 21:13
|
|
|
mastershakeman posted:clearly what needs to happen is polygamy so that 3 income families can outbid 2 income families You joke but this is already happening. 2 couples will team up to buy a house and live like roomates. I know some people in vancouver, 2 people and a kid who invited the guy's friend to go in 3-way to buy a house with a suite. The suite was not for the 3rd guy, he was to live with them as a roommate, the suite was of course needed to be rented out to make their mortgage payments on top of their 3 combined incomes.
|
|
#
?
Dec 24, 2016 21:22
|
|
|
mastershakeman posted:clearly what needs to happen is polygamy so that 3 income families can outbid 2 income families
|
|
#
?
Dec 24, 2016 21:24
|
|
|
Watch the liberals push for legal polygamy to help boost housing prices.
|
|
#
?
Dec 24, 2016 21:34
|
|
|
Baronjutter posted:You joke but this is already happening. 2 couples will team up to buy a house and live like roomates. I know some people in vancouver, 2 people and a kid who invited the guy's friend to go in 3-way to buy a house with a suite. The suite was not for the 3rd guy, he was to live with them as a roommate, the suite was of course needed to be rented out to make their mortgage payments on top of their 3 combined incomes. Amazing
|
|
#
?
Dec 24, 2016 22:00
|
|
|
Baronjutter posted:You joke but this is already happening. 2 couples will team up to buy a house and live like roomates. I know some people in vancouver, 2 people and a kid who invited the guy's friend to go in 3-way to buy a house with a suite. The suite was not for the 3rd guy, he was to live with them as a roommate, the suite was of course needed to be rented out to make their mortgage payments on top of their 3 combined incomes. This makes total sense. After all, what could possibly go wrong?
|
|
#
?
Dec 24, 2016 22:09
|
|
|
Baronjutter posted:You joke but this is already happening. 2 couples will team up to buy a house and live like roomates. I know some people in vancouver, 2 people and a kid who invited the guy's friend to go in 3-way to buy a house with a suite. The suite was not for the 3rd guy, he was to live with them as a roommate, the suite was of course needed to be rented out to make their mortgage payments on top of their 3 combined incomes. I was in a situation kind of like this last year. My girlfriend at the time was still living with her ex, and then I moved in. It was awkward. Terrible soundproofing in the house didn't help, either.
|
|
#
?
Dec 24, 2016 22:31
|
|
|
What kind of moron would go into that situation Jesus Christ lol
|
|
#
?
Dec 24, 2016 22:50
|
|
|
Me. 
|
|
#
?
Dec 24, 2016 23:02
|
|
|
Professor Shark posted:What kind of moron would go into that situation Jesus Christ lol Us poor east coasters don't understand the trials and tribulations of those out west. They have equity to think about!
|
|
#
?
Dec 24, 2016 23:08
|
|
|
.
James Baud fucked around with this message at 11:09 on Aug 25, 2018 |
|
#
?
Dec 24, 2016 23:47
|
|
|
Goatman
Somebody fucked around with this message at 03:26 on Dec 25, 2016 |
|
#
?
Dec 25, 2016 00:26
|
|
|
James Baud posted:Most people with kids don't want to work - they just have to. Want to cite a source there?
|
|
#
?
Dec 25, 2016 02:37
|
|
|
Subjunctive posted:Want to cite a source there? Source: just something I thought sounded nice
|
|
#
?
Dec 25, 2016 02:55
|
|
|
Mandibular Fiasco posted:This makes total sense. After all, what could possibly go wrong? Either this is really common or Baron and I knew the same couple + friend. The friend always kind of had a thing for the girl in the couple and it eventually resulted drunken threesome which made poo poo real weird after. edit: nope, different people. There were 2 kids in the house. The Butcher fucked around with this message at 03:04 on Dec 25, 2016 |
|
#
?
Dec 25, 2016 02:58
|
|
|
The Butcher posted:Either this is really common or Baron and I knew the same couple + friend. Is this a really clever Vancouver analogy or do you just know weird people?
|
|
#
?
Dec 25, 2016 03:03
|
|
|
Subjunctive posted:Want to cite a source there? the mincome experiment kinda showed this effect.
|
|
#
?
Dec 25, 2016 03:07
|
|
|
|
| # ? Jun 6, 2024 09:50 |
|
|
.
James Baud fucked around with this message at 11:10 on Aug 25, 2018 |
|
#
?
Dec 25, 2016 03:17
|
|