Occupy Bay street | Page 23 | GTAMotorcycle.com

Occupy Bay street

FiReSTaRT said:
People still need a place to live... So, instead of being able to pay off the house in 15-20 years on a single income, they're paying them off in 30-35 years on 2 incomes with a hell of a lot less breathing room. Many single family homes are being converted into MDU's, where the working poor, unable to afford their own home have to live until they scrape some cash together for a down-payment on a 35 year mortgage. The upper-middle class is either buying up those houses as "investment properties" or the owner is occupying one of the units and managing the whole property from there. The owner may have a million dollar property, but he's still living in an apartment in a slum. That's what being house-poor is all about. The sky isn't falling but you're majorly misinformed if you truly believe that the middle class hasn't been shrinking over the last 30-35 years. Most of babyboomers might manage to retire without being destitute, but I'll be investing into cat food, cardboard box and sleeping bag manufacturers when it's time for Gen-X to start retiring.
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Bit dramatic. You still have to qualify for the mortgage, come up with the downpayment and make the payments regardless of amortization. So they ain't suffering because they have to they are suffering because they over extend themselves
 
sonnythebull said:
Exactly right. Try living like 40 years ago and you wont have such money stress. Everyone wants to look and live like a big shot now.
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...and in other news.....it's not 40 years ago anymore. Maybe I've found the root cause of your objections to current world events?
 
I don't like using housing as a barometer for anything because the market is driven by us, the buyers. Houses cost a lot because we are willing to pay the ridiculous prices. Wall St. and the 1% didn't force prices up, the market did.

I know I would certainly have a crapload more money for fun if I was happy living in a smaller house or a rental apartment (or out in the country)... but that doesn't cut it for a lot of people (myself included)
 
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jc100 said:
...and in other news.....it's not 40 years ago anymore. Maybe I've found the root cause of your objections to current world events?
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Then why compare the cost of living and wages to back then? And why didn't you object to that comparison? Because you have no stance except objecting to things you don't understand and are possibly jealous of?
 
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Flashmonkey said:
Agreed 100%. My understanding of all of that investment type stuff is rudimentary at best, but I do know that things are different up here; different enough to kind of make this 99% type protest almost ludicrious up here.

It seems as though this protest is happening here because it's happening everywhere else. It's a farce, and I think it's disrespectful to the cause in the U.S.
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++1 Protest makes a lot of sense in the U.S. - and it's just weird here.
 
I hear the turnout (3) was a little lower than expected for the Taking of Bay Street...
 
lucky2 said:
Remember, remember, the fifth of November, because that's when "Bank Transfer Day" is happening. By that date, all participants will have closed their big retail bank accounts and put their money in a local non-profit credit union or local or regional community bank.

"If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date," says the Facebook event page, "we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices."
To find a credit union near you, check out findacreditunion.com.
Bank Transfer Day [Facebook]
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The ****? This is the dumbest thing ever. You'd have better results by strapping an acme rocket to your back and hoping for the best.
 
lucky2 said:
Remember, remember, the fifth of November, because that's when "Bank Transfer Day" is happening. By that date, all participants will have closed their big retail bank accounts and put their money in a local non-profit credit union or local or regional community bank.

"If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date," says the Facebook event page, "we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices."
To find a credit union near you, check out findacreditunion.com.
Bank Transfer Day [Facebook]
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Holy crap.

The so called 99% doesn't have any money in the bank.

So basically for this "don't buy gas on Tuesday" pipe dream to work they will have to actually go through the motions of closing their accounts and re open another one while hoping a credit union will buy out all their debt? Which is somewhere between $30-50K not including mortgages or loans for M class BMW's they can't afford....

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

I think I peed a little.

BTW: Occupy your city? You live in your city. You already occupy it.

Seriously, how much time have you spent standing on bay street in your hipster hat and skinny jeans?

If you say none at all then you are part of the fail.

AKA: you want "change" but haven't got around to actually doing anything either.....
 
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lucky2 said:
just putting the info out there, don't shoot the messenger
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It's a terrible message and you should be ashamed of yourself :p

Haha...seriously though, paying off your high interest credit card debt would be a hell of a lot more beneficial than this. That plan is as half baked as it gets.
 
sonnythebull said:
Then why compare the cost of living and wages to back then? And why didn't you object to that comparison? Because you have no stance except objecting to things you don't understand and are possibly jealous of?
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Lol...no one is moaning about how you can't get 3 sodi pops for 2 shillings. They are talking about house prices and wages, relative income and wealth changes. The key here is "relative". Seems to me the biggest whiners are the ones living in the past not the present though.

"Eeeee....in my day we just bent over and took it without a word to anyone". Lol.
 
We can't bust heads like we used to. But we have our ways. One trick is to tell stories that don't go anywhere. Like the time I caught the ferry to Shelbyville. I needed a new heel for m'shoe. So I decided to go to Morganville, which is what they called Shelbyville in those days. So I tied an onion to my belt. Which was the style at the time. Now, to take the ferry cost a nickel, and in those days, nickels had pictures of bumblebees on 'em. Gimme five bees for a quarter, you'd say. Now where was I... oh yeah. The important thing was that I had an onion tied to my belt, which was the style at the time. You couldn't get white onions, because of the war. The only thing you could get was those big yellow ones...
 
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