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A <5% annual ROI. Golly.
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Nov 20, 2013 21:10
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Y'all are crazy. I averaged $30.00-$40.00 a week at Uni. I'd go on Sunday nights, load up on marked down meats (and freeze them), and pad out meals with salads and cheap veggies like cabbage and potatoes. I mean a head of cabbage is about $1.00/lbs. Potatoes and onions are cheap. $30.00/week is completely doable for one person.
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Nov 25, 2013 01:20
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HookShot posted:It's actually awesome, and I'm a real city person. It sucks not having any real major stores around, like if I want to go get photos printed at London Drugs or buy small appliances, that sort of thing, it's a 40 minute drive to Squamish. Most things, like electronics and stuff, I just order online now. Also the rent makes me want to cry, paying $2100 for a 2 bed + office place. But the advantages totally outweigh the negatives. I'll wax your skis for a year! cowofwar posted:Financial decisions lose their gravity when the transactions involve debt and not cash. 
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Nov 25, 2013 21:07
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"I own a boat, a Lamborghini and a 2 bedroom + den in Trump Tower" - said no fabulously wealthy person ever
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Nov 26, 2013 14:49
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An 80% vacant condo must feel weird and cavernous.
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Nov 26, 2013 18:37
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Ewww.
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Nov 26, 2013 21:13
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Saltin posted:It is also interesting to consider - say 25 years from now, in the second scenario, you need to sell the house for $680,000 minimum to consider yourself ahead, and that's leaving all the other expenses out of it.
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Apr 3, 2014 16:00
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Rime posted:Like I said, there's that quote (I think I expanded on it better in one a few months later) there's a sort of mental roadblock in North America where people simply do not (or refuse to) understand the concept of purchasing power relative to inflation. $30k is absolutely still viewed as being in "the good life" by people, especially those over the age of 40, despite being barely above (realistically) the poverty line for a single individual these days. I don't know if it's because minimum wage jobs account for such a huge percentage of income earners, or boomers just being fiscally retarded, or what. I imagine "middle class lifestyle" still works out to 2.5 kids with extracurriculars, a mortgaged house, and at least one vacation or road trip a year. e. My little sister is in competitive gymnastics and my parents are paying a couple grand a year on that alone, and it's her only extracurricular. Two cars for two working parents, early childcare, et cetera. unlimited shrimp fucked around with this message at 01:07 on Jan 13, 2015 |
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Jan 13, 2015 01:02
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Kraftwerk posted:I think that the humans on this Earth have a moral responsibility not to reproduce for a while so the population declines to more sustainable levels. As population declines the demand for labour resurges and the value of that labour is higher since it's scarcer. etalian posted:Also lolling how people in keeping with Johnson areas like GTA feel to need to pay for piles of extras for their kids like private school, expensive vacations, tutoring or costly after school extra-curricular activities.
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Jan 13, 2015 02:39
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Mederlock posted:I rent for $540 a month all utilities incl. with 2 other roommates in a 3bdrm town home in Edmonton and it loving rocks, I don't understand peoples fixation with owning, I'm perfectly happy renting, saving money on monthly expenses and having more money as a result to save/buy poo poo Joe Average can throw around numbers or the notion that it's an investment all they want, but I think home ownership is mostly a psychological thing.
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Jan 16, 2015 02:20
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Baronjutter posted:Which can be easily countered by strong tenant's rights. Most of my euro-friends rent, even if it's a house or urban apartment, and they all feel totally stable and build big basement or attic-spanning train sets because they have full security that they're never going to move unless they want to. The other appeal of ownership is that if I decide to remodel the kitchen or build a deck, I'm not effectively making a landlord wealthier.
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Jan 16, 2015 02:47
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Baudin posted:Do you have sources for any of this or are you pulling it out of your rear end? Which part are you objecting to, specifically? Here are some stats I guess: 47% of Canadians still live paycheque to paycheque posted:But there are still a large number that would face difficulties after one week of not receiving their cheques, and savings rates remain low, the results show. quote:Of the $1.3 trillion of debts owed by Canadians in 2012, $1.0 trillion (77.0%) was in mortgages, a share virtually unchanged from 1999. However, the total amount of mortgage debt has increased substantially, up from $453.6 billion in 1999 and $650.8 billion in 2005. Someone can do the math better than me but extrapolating from http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil109-eng.htm then the total debt load between 1995 and 2012 has doubled, adjusted for inflation. quote:On the debt side, more than three-quarters of total debt owed by Canadians stems from mortgages. The total amount of mortgage debt grew “substantially” in recent years, Statscan said, to $1-trillion in 2012 from $650.8-billion in 2005. The median value of mortgages was also higher in 2012 than in previous years. quote:Household debt service ratio (household mortgage and non-mortgage interest paid as a proportion of disposable income) declined to 6.9% in the second quarter. However, household credit debt (consumer credit, mortgages and other loans) rose by 1.3 per cent in the quarter. Which is to say, if interest rates rise and housing appreciation evaporates, that ratio gets a lot worse. The home prices are massively inflated (by 30% - 60% depending on who you ask) and if there's a price correction downwards, that net worth disappears while the debt remains. unlimited shrimp fucked around with this message at 19:42 on Jan 22, 2015 |
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Jan 22, 2015 19:25
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Let's start a goon project to massively profit from the bubble bursting.
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Jan 27, 2015 02:21
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Baudin posted:I love the "turning pristine wilderness into mordor" line "pristine wilderness" /= beautiful
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Jan 30, 2015 15:59
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PT6A posted:See, I don't think this is true. I know the "actual rich" people you're talking about, people who have 7-8 figure net worths that they maintain by running one or more companies, and they sure as gently caress pay a lot of money in tax, both personally and at the corporate level, and they're always worried about the CRA coming for more. One guy told me, "if the CRA comes and says 'you owe us X', and X is any less than $50,000, it's not even worth paying an accountant." I suspect his tax bills are rather high, if that's the case. I know Canada isn't America but Warren Buffet's secretary etc. It's like CEO pay. Paying a CEO less or removing their golden parachutes won't save a company or balance the budget. However, it would be better for society's psyche.
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Feb 17, 2015 16:09
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I'm mostly opposed to someone who grew up here, who lives, works, and pays into the system, being priced out of the market by foreign investment. I don't really care where or who the money is coming from.
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Feb 27, 2015 15:06
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Throatwarbler posted:Yes, the "system" you paid into which grants you a call option on real estate? I must have missed that item on my T4.
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Feb 27, 2015 16:42
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computer parts posted:So if Jews were doing it you would say "those drat Jews are ruining everything "?
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Feb 27, 2015 18:41
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Xoidanor posted:No one actually needs a mansion. It is literally what rich people buy when they've exhausted all other alternatives. Someone on these forums once said that owning a boat is like owning a hole in the water that you have to throw money into. A mansion is not a hole, it's a goddamn landfill. I'd just do like the whats-his-name media mogul and buy a bajillion acres of land instead. Then deed it to a conservation trust in my will 
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Mar 3, 2015 15:30
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Rime posted:I'm pretty sure that a €250k property purchase grants you automatic Spanish (and thus EU) citizenship as well. It did a few years ago, at least.
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Mar 3, 2015 23:16
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Cultural Imperial posted:http://www.theglobeandmail.com/repo...rticle23276211/ Hmm... If he invested the $278,000 instead of buying a house and had an average ROI of 7%, he'd have $2.43 million today instead.
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Mar 4, 2015 15:38
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Avshalom posted:Avshalom. hay gurl
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Mar 10, 2015 14:01
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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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ocrumsprug posted:Please. $4-$500 for a stroller still seems pretty dumb. I'm not sure what this one offers at $580.00 http://www.toysrus.ca/product/index.jsp?productId=12296266 that justifies a $480.00 higher price than this one: http://www.toysrus.ca/product/index.jsp?productId=12849502 The cup holder I guess? More under-seat storage?
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Mar 16, 2015 01:35
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carry your infant like humans have for tens of thousand of years you lazy neolithics
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Mar 16, 2015 01:44
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I've been on two transatlantic Air Canada flights in cattle class and neither were awful and you all sound like big babies
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Mar 18, 2015 05:09
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Saltin posted:Guy who's been on less flights in his life than some people take a month declares coach acceptable. Frequent flyers are a fraction of the air travelling population, so I'm guessing the opinions of people like me carry more weight with the airlines.
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Mar 18, 2015 12:30
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Cultural Imperial posted:http://www.macleans.ca/economy/economicanalysis/canadas-population-is-getting-older-faster-than-we-thought/
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Mar 22, 2015 18:44
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Oakland Martini posted:$12,000 per year is a lot for travel, I guess, but it's not that hard to do. Travel is insanely expensive. My girlfriend and I will have probably spent, by the end of April, somewhere around $40,000 on travel during the previous year. The 1-week liveaboard scuba trip we took in the Galapagos was close to $14,000 for the two of us alone. Not that this is sustainable behavior, but I say when you're young you ought to take advantage of your spryness and travel as much as you can.
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Mar 23, 2015 03:31
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Oakland Martini posted:Ok, maybe I exaggerated. Looking at my travel expense spreadsheets it was closer to $30K. Assuming this isn't a joke, "extreme luxury travel is expensive!!" should never be a metric in policy making. I mean enjoy your 5-star vacations but gently caress (the universal) you if you complain about the cost.
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Mar 23, 2015 04:01
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I wouldn't want to malign anyone for making a healthy choice in general, but I'm guessing red meat alone is the least of 99% of the population's health worries. That being said, poo poo's getting expensive. A few years ago I could go down to Kensington Market in Toronto and get ground beef for $2.50/lbs. I'd make a mountain of hamburger patties and freeze them. Now it's close to $5.00 when it's not on sale. I made the mistake of wandering in to a boutique butcher and they wanted ~$24.00/lbs for a ribeye. Even the bison ribeyes in Waterloo were cheaper than that. Somewhat relevant to the thread because in the three years I was at my last job they gave everyone a raise of 2%. I left making less than when I started.
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Mar 23, 2015 05:32
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Seat Safety Switch posted:Mortgage underwriters are preparing for a flood of delinquencies from Alberta: http://www.cbc.ca/news/business/genworth-braces-for-downturn-in-alberta-real-estate-1.3007917
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Mar 25, 2015 00:54
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Financial Post posted:“For our parents, it was normal to take out a $200,000 to $300,000 mortgage, whereas now first-time home-buyers regularly borrow $700,000 to $800,000,” says Brandon Wasser, a 29-year-old agent with Royal LePage in Toronto.  It's like real estate agents live in some horrifying parallel universe.
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Mar 25, 2015 17:21
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PT6A posted:If someone wants to fritter away their money on magic beans, or whatever else, that's their business. I mean yeah utopian communitarianism is a ridiculous concept but I also think a disregard for the well-being of people outside your social circle is something that should be discouraged. If someone wants to fritter away their money on magic beans, someone should have the foresight to sit them down and explain why it's a terrible idea.
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Mar 26, 2015 03:52
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Just make a sales tax that only applies to items that individually cost $50.00 or more. Essentials can be cheap but milk the luxury goods.
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Mar 27, 2015 03:23
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Baronjutter posted:A few of my parent's boomer friends have the whole "retire in mexico" plan. Obviously money goes a lot further there, but none of them speak a lick of spanish.
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Apr 1, 2015 21:30
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etalian posted:In a related note: The oil shock is a few months old by now. Why are these fools acting like they're surprised that things on the ground aren't reflective of oil prices a year ago?
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Apr 7, 2015 03:42
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cowofwar posted:People get psych degrees because it's the one subject they didn't take in high school and therefore it is romanticized. Every other subject is boring because they are boring and it involves hard work. As a consequence the psych program has to be easy to deal with all these self selected rear end hats in order to keep their tuition rolling in. Anyway, in Ontario the real issue is that there's no hard and fast provincial standard for student performance in any given grade. Differing parent and student dynamics mean that an 80% in a Grade 12 University-stream course in one high school represents a different level of ability than an 80% Grade 12 University-stream course in another high school. Too many low-performers in a classroom means the work needs to be dumbed down for politics/optics reasons. I imagine this is less of an issue in math and maybe science, but there were kids in my last English placement talking about needing to maintain their 80% average while the work they were turning in was 70% range at best.
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Apr 9, 2015 23:45
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I'm eligible for the ancestry visa through my grandmother and I should probably take it. If nothing else, the UK is hungry for teachers in a way Canada will never be. I just wish I could end up in Northern Ireland.
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Apr 15, 2015 00:58
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triplexpac posted:Has there ever been a crash that people in power predicted? Instead of just saying "oh things look bad but it will all be fine"  though -- maybe they're all just as dumb as they continually look.But can you imagine the public reaction if Harper got on the mic and said, "Commodity prices are down and poo poo's about to hit the fan. Buckle up."
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Apr 15, 2015 20:10
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