200 a month !!! Really? | Page 7 | GTAMotorcycle.com

200 a month !!! Really?

Megamaniac said:
For me the decision was made for the wife to quit job and stay home and raise the kids was for reasons other than financial.I just hated putting a 1 to 2 month old in a freezing cold car in the winter making trek from orangeville at the time and felt the risk was too great and looking back was the right thing. I also could not see myself leaving my kids with a sitter or daycare who in reality have no interest in the outcome of the children I am not saying all are bad but if even 2% are thats enough for me.
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Amen to that. I can't even begin to imagine leaving my little dude at a daycare, he's 10 months old. Couldn't do it, not a chance. We're lucky in that my wife chooses her own hours and works from home. When she's super busy, the grandmas can come and hang out to lighten the load from time to time. Couldn't have wished for a better outcome. It's not even about the daycare money - I'd gladly quit working to stay at home with the kid(s).
 
Children should be raised at home by mom during the day and also by dad when he is not working. What's the matter with people?
 
Renboy said:
@mmmnaked,

I'm not speculating on the fact that interest rates will go up overnight, but, you have to admit, in the last 100 years all recessions have been engineered, so they could. What I didn't mention in my post is that the price of houses has been increasing proportionately to the decrease in interest rates. The interest rates, can't go down another 4% like they have in the last 15 years, otherwise the banks will be paying you to take money. So let's assume they remain constant for the forseable future. The problem is that the gov't has been lowering interest rates to keep the economy moving and 'soften' any speculation of recession. Where this becomes concerning is that people have been overspending at increasing rates causing a necessity for the gov't to lower rates which in turn causes excess spending...
Vicious circle. It's not that the rates will go up that causes the problem, it's that they can't go down. Furthermore, if you lose your house, and the bank can't sell it for a price that will recoup their costs, then you're on the hook for the remainder. Example, buy house for $500k, $400k of which is mortgaged, bank can only sell it for $380k, not only did you lose your $100k downpayment, you still owe the bank another $20k. This isn't the States where you hand in the keys and walk away. I understand that you need to live somewhere, so nominal house prices don't make much difference if you're moving from one house to another, what I wouldn't recommend is buying income properties. For income properties you need the 20% downpayment, that's your money that you can stand to lose and given the fact that interest rates most likely won't go down in the near future like they have in the recent past, the likelyhood of capital gains are diminishing.

Side note, holy hell daycare is expensive in TO.
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The bank rate has been 0.75 since July last year, which was down from 1.0 in January/15. Before that it was 1.25 all the way back to July/13. Certainly the housing market has been trending upwards at a much greater clip than interest rates have been plunging. I can't deny it's in part thanks to the low costs of borrowing, but there is more to it than just interest rates.

People talk a lot about the sky-high rates of the 80s and early 90s, but a lot of stuff happened in the 70s to usher in uncertainty and runaway inflation - not least of which was Nixon ditching the gold standard for the US dollar. If you look at the historical now, our rate has remained under or around 5% since 2002. I'd say things have proven themselves stable. The market so far has also proven itself strong. The pessimists and gloomers seem to disregard the fact that just about anyone who invested in a detached house in the GTA over the last 15-20 years has done very well for themselves.

Vancouver will be an interesting case study - I can't wait to see the next few quarters and what the general consumer reaction is to the foreign tax, which to me is just a bump in the road. Perhaps a government test to see how much they can get away with before causing a downturn? So far the effects don't see too jarring.

I remain optimistic. I feel there is plenty more room for more money to be made, without there being a shortage of housing for the 'poor folk'.
 
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Renboy said:
@mmmnaked,

I'm not speculating on the fact that interest rates will go up overnight, but, you have to admit, in the last 100 years all recessions have been engineered, so they could. What I didn't mention in my post is that the price of houses has been increasing proportionately to the decrease in interest rates. The interest rates, can't go down another 4% like they have in the last 15 years, otherwise the banks will be paying you to take money. So let's assume they remain constant for the forseable future. The problem is that the gov't has been lowering interest rates to keep the economy moving and 'soften' any speculation of recession. Where this becomes concerning is that people have been overspending at increasing rates causing a necessity for the gov't to lower rates which in turn causes excess spending...
Vicious circle. It's not that the rates will go up that causes the problem, it's that they can't go down. Furthermore, if you lose your house, and the bank can't sell it for a price that will recoup their costs, then you're on the hook for the remainder. Example, buy house for $500k, $400k of which is mortgaged, bank can only sell it for $380k, not only did you lose your $100k downpayment, you still owe the bank another $20k. This isn't the States where you hand in the keys and walk away. I understand that you need to live somewhere, so nominal house prices don't make much difference if you're moving from one house to another, what I wouldn't recommend is buying income properties. For income properties you need the 20% downpayment, that's your money that you can stand to lose and given the fact that interest rates most likely won't go down in the near future like they have in the recent past, the likelyhood of capital gains are diminishing.

Side note, holy hell daycare is expensive in TO.
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Negative interest rates

http://www.cbc.ca/news/business/cibc-negative-yield-bonds-1.3685259

In short, if the stock market is going down the toilet wouldn't you be happier to only lose a guaranteed 1%.
 
the less expensive daycare, have shorter service hrs, so if you work away, getting in and checking out within the hrs is very difficult. The extended hrs centers are even more money.
I hope those with retired parents and friends that can help out realize how increadibly fortunate they are.
 
inreb said:
Children should be raised at home by mom during the day and also by dad when he is not working. What's the matter with people?
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Unfortunately this is not possible for everyone ... even if it is possible some people prefer to continue progressing in their respective careers and that is a realistic and personal choice that you are saying is wrong.

so what's the matter with people ? I'd say nothing's wrong but a personal choice.
 
chiller said:
Unfortunately this is not possible for everyone ... even if it is possible some people prefer to continue progressing in their respective careers and that is a realistic and personal choice that you are saying is wrong.

so what's the matter with people ? I'd say nothing's wrong but a personal choice.
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Hey,
Can you reduce your signature. It takes up a lot of screen space and makes it harder to use on mobile devices.
If you really feel the need to show us all the bikes you previously owned then just do it one 1 line.
Thanks:cool:
 
-D- said:
Hey,
Can you reduce your signature. It takes up a lot of screen space and makes it harder to use on mobile devices.
If you really feel the need to show us all the bikes you previously owned then just do it one 1 line.
Thanks:cool:
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Use the Tapatalk app. I don’t see any signature.

Sent from my custom Purple Joe Bass mobile on Tapatalk
 
OK I changed it. I haven't changed my sig in 5 or 6 years I think back when people used actual computers for most viewing.

-D- said:
Hey,
Can you reduce your signature. It takes up a lot of screen space and makes it harder to use on mobile devices.
If you really feel the need to show us all the bikes you previously owned then just do it one 1 line.
Thanks:cool:
Click to expand...
 
Joe Bass said:
Use the Tapatalk app. I don’t see any signature.

Sent from my custom Purple Joe Bass mobile on Tapatalk
Click to expand...

I don't care to use Tapatalk.
Why should I and everyone else alter computing user experience by 1 person? (not singling out chiller)
It's just a larger pet peeve that I see in general.
 
-D- said:
I don't care to use Tapatalk.
Why should I and everyone else alter computing user experience by 1 person?
Click to expand...

why not ? LOL

I remember we used to have to listen to Prem and Pegasausage :p :p

Or the Boston Pizza thing LOL
 
-D- said:
I don't care to use Tapatalk.
Why should I and everyone else alter computing user experience by 1 person?
Click to expand...
Not what I meant. I was just offering another option.
 
mmmnaked said:
The bank rate has been 0.75 since July last year, which was down from 1.0 in January/15. Before that it was 1.25 all the way back to July/13. Certainly the housing market has been trending upwards at a much greater clip than interest rates have been plunging. I can't deny it's in part thanks to the low costs of borrowing, but there is more to it than just interest rates.

People talk a lot about the sky-high rates of the 80s and early 90s, but a lot of stuff happened in the 70s to usher in uncertainty and runaway inflation - not least of which was Nixon ditching the gold standard for the US dollar. If you look at the historical now, our rate has remained under or around 5% since 2002. I'd say things have proven themselves stable. The market so far has also proven itself strong. The pessimists and gloomers seem to disregard the fact that just about anyone who invested in a detached house in the GTA over the last 15-20 years has done very well for themselves.

Vancouver will be an interesting case study - I can't wait to see the next few quarters and what the general consumer reaction is to the foreign tax, which to me is just a bump in the road. Perhaps a government test to see how much they can get away with before causing a downturn? So far the effects don't see too jarring.

I remain optimistic. I feel there is plenty more room for more money to be made, without there being a shortage of housing for the 'poor folk'.
Click to expand...

0.75% since last July?
 
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