Are Unions done?

Re the comments of the 20-30 somethings having trouble make ends meet with their employment income? It's a Saturday night right now - go to any middling bar / restaurant and I bet you'll see decent cars parked nearby driven there by the patrons that will likely be young, showing pictures of their latest winter vacation on their smartphones.

For every 1 of those, you have 10 that stayed at home watching TV because they can't afford to go out.
 
For every 1 of those, you have 10 that stayed at home watching TV because they can't afford to go out.

or maybe they just don't want to spend the money =D I am watching tv, nothing to be ashamed of.
 
This 1200-1300 sq-ft house sure has a lot of rooms. Spinster aunt and a roomer plus a family?

Its great to not have a car but if you have a family it is almost imposible to get by on transit alone. You would end up paying the same monthly as a car anyway.

My daughter has a three bedroom house that's about 1000 SF, one bathroom and an unfinished basement. The previous owners were an older couple that raised five kids there.

If you can't afford to go anywhere you don't need a car. One of the negatives of easy transportation is that one doesn't have to plan and that can become a lifestyle.
 
or maybe they just don't want to spend the money =D I am watching tv, nothing to be ashamed of.

Realistically, I partied a lot in my early 20's (cheap student-friendly places after lots of preemptive drinking in rez), so I've done it all.. These days I'm more likely to be coming up with some weird, typically Linux-based, hare-brained scheme than funneling beer after yellin' out MIIIISTAAAA SPAAAAAWKLE :cool: Also, my wife'd kill me if she saw me do that :D
 
Or they could move away from the GTA and buy the same house for $200K. Suddenly they have enough money for a decent and reliable car and some of those luxury items you mentioned.. maybe even a nice vacation every once in a while.

The mortgage savings would be eaten up by the car if you had to commute. If you didn't commute your income choices would be limited. The car has no residual value while money invested in a house grows tax free. The three extra hours of commuting could instead be used for a part time job or buying and preparing basic healthy food instead of prepared stuff.
 
The mortgage savings would be eaten up by the car if you had to commute. If you didn't commute your income choices would be limited. The car has no residual value while money invested in a house grows tax free. The three extra hours of commuting could instead be used for a part time job or buying and preparing basic healthy food instead of prepared stuff.

I meant living and working away from the GTA.
 
I meant living and working away from the GTA.
While I do agree with you that living away from the GTA is the way to go... even though I just bought a house in the GTA the work opportunities and the pay far outweigh anything I could get in London (where I'd rather be). And I vaguely recall you saying you took a pay cut when you moved back to London.

Truth of the matter is I am 24 years old, I am paying for one of those ****** huge *** mortgages in the GTA, but I got a person renting my basement and the remainder of the mortgage payment is less than what I would be paying for rent elsewhere for a similar amount of living space with no garage to speak of.

In areas where there is less demand to live typically it is difficult to rent your property for more or the same as your mortgage payment. This is one of the signs that real-estate is over price. If you can buy a property and rent it for 1.0-1.05X the mortgage payment then it is considered by some analysts as a fair value for the property.
 
You GTA ppl should consider relocating to Hamilton.

We have houses here for sale with prices that still begin with 1.
 
You GTA ppl should consider relocating to Hamilton.

We have houses here for sale with prices that still begin with 1.

Turning into New Detroit for the same reason (industry exported to China).. High unemployment means fewer people paying municipal taxes, less infrastructure maintenance and crackheads all around you. You better have a good alarm on the car that'll take you to the GO-Train station ;)
 
Turning into New Detroit for the same reason (industry exported to China).. High unemployment means fewer people paying municipal taxes, less infrastructure maintenance and crackheads all around you. You better have a good alarm on the car that'll take you to the GO-Train station ;)

In the case of cars, its mexico, not china.
 
unfortunately there are not a lot of jobs away from the gta

Sure there are. 25 million or so people in Canada don't live in the GTA. If you chose a career that means you realistically can't leave the GTA then that's part of the choice you made getting into that career path. Your choice. There's lots of work in Saskatchewan right now. If you don't want to move there (I wouldn't, I like my life here) that's also your choice.

While I do agree with you that living away from the GTA is the way to go... even though I just bought a house in the GTA the work opportunities and the pay far outweigh anything I could get in London (where I'd rather be). And I vaguely recall you saying you took a pay cut when you moved back to London.

Truth of the matter is I am 24 years old, I am paying for one of those ****** huge *** mortgages in the GTA, but I got a person renting my basement and the remainder of the mortgage payment is less than what I would be paying for rent elsewhere for a similar amount of living space with no garage to speak of.

In areas where there is less demand to live typically it is difficult to rent your property for more or the same as your mortgage payment. This is one of the signs that real-estate is over price. If you can buy a property and rent it for 1.0-1.05X the mortgage payment then it is considered by some analysts as a fair value for the property.

I'm still renting and I hate it. I'm looking at doing the same thing you are, buying a house with the intention of renting out part of it. There's a house in Stoneybrook for sale right now that I like. One that I could probably live in for 4 or 5 years then rent out completely and move into a nicer place.

Yes I took a pay cut to move back to London. The cost of living isn't the only thing I dislike about the GTA

Turning into New Detroit for the same reason (industry exported to China).. High unemployment means fewer people paying municipal taxes, less infrastructure maintenance and crackheads all around you. You better have a good alarm on the car that'll take you to the GO-Train station ;)

FYI Hamilton isn't all like Barton St. There are plenty of decent areas in Hamilton that still have very reasonable housings costs. The only really sketchy part of Hamilton is the east end below the mountain. Most of Hamilton up on top of the mountain is pretty decent. Westdale and the Aberdeen area are also pretty nice.
 
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FYI Hamilton isn't all like Barton St. There are plenty of decent areas in Hamilton that still have very reasonable housings costs. The only really sketchy part of Hamilton is the east end below the mountain. Most of Hamilton up on top of the mountain is pretty decent. Westdale and the Aberdeen area are also pretty nice.

Although I've pretty much always lived in TO we very often took our daughter to Hamilton as she was growing up. Lots to do and if you ignore the Burlington Street view it's very nice. Don't be a Nobbie, (Person living North of Barton). If you want to ride there are decent routes through the city, going up and down the cuts.
Hamilton may have a few rough edges but not the snob factor.
My daughter ended up buying a house near Gage Park for half what it would have cost in TO.
I've done work at Dofasco and yeah there are concerns about some big mills in Mexico that have the potential of doing serious financial harm.
 
You want to label people making $30/hour as undeserving?

"TORONTO - Toronto-Dominion Bank Chief Executive Ed Clark earned C$11.275 million ($11.4 million) in the bank's fiscal 2010, up 8.4 percent in a year in which the bank's profits rebounded from the financial crisis to hit record levels."

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And these guys aren't even the real crooks.

You all make good points. And I guess this thread is about Unions, and not who is really at fault for the current situation/generation, and they love it and are laughing all the way to the bank profiting on our decline.
 
You all make good points. And I guess this thread is about Unions, and not who is really at fault for the current situation/generation, and they love it and are laughing all the way to the bank profiting on our decline.

Oh no, the lazy bum is the guy who wants to make a living working full-time.. Not the guy making billions off his blood and sweat!
 
I'd like to have just 10% of the interest from one of those big shots salaries. :rolleyes:
 
And now in London we have 700 brand new $0/hr jobs. How'd that work out?

1) EMD-London was losing money. The CAW and its members knew this.

2) Cat has a facility in Indiana ready to take on the work load with reduced wages and no union. The CAW and its members knew this.

3) Cat has a realistic obligation to its shareholders to make money. If a stand-alone subsidiary is losing money there is no reasonable justification for continuing to operate as-as and lose more money. The CAW and its members knew this.

4) The collective bargaining agreement at EMD was extended for 6 months in the summer. During that time the CAW was supposed to come up with a counter offer that would help EMD-London become profitable again. They did not come up with any counter-offer.

5) EMD gave their offer to the CAW. Likely one that meas this is what it's going to take for us get back into the black. If we can't make money, we're done.

6) Instead of accepting the offer with reduced wages and looking for better employment thereafter, the CAW chose to refuse the offer to show that they can't be bullied around. Well.. they called Cat's bluff and lost.

I work quite near the EMD-London facility and there has been a lot of discussion about it. Everyone I've talked to has basically been in agreement that when the union refused the new deal and got locked out EMD-London would never open again. Everyone knew what would happen if they refused the deal.. and they refused it all the same.

I guess pride is more important than putting food on the table.

I think alot of the employees remaining at the London facility had high seniority. It's common to get 1 month of pay for every year of employment for severance.....if an employee there had 20 years of seniority it's a better business decision to take the 20 months of pay and benefits to take a pay cut of 50%.
 
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