Add Barrie to that list. $450k would get you a mansion up here 10-15yrs ago now it will get you a shack that needs allot of work.
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Add Barrie to that list. $450k would get you a mansion up here 10-15yrs ago now it will get you a shack that needs allot of work.
Did someone hack @cool s account? I don't usually agree with him, but he does make sense here. Also too many people still shy away from trades. I've been working at my company for 20+ years. Kids I know that started trades invthe last 5 are making more than me now.
And on topic of traffic, I hate it. Did I mention that my workplace is moving to a new location which is only 6 minutes from my house? That's the commute I will take.
Drove across the 407 / concession 7/ Columbus to get to Oshawa zoo yesterday. Nice weekend drive. One of the guys there does that drive daily for work. No freaking thanks.
@Cool said they buy toys...so true. I tell the kids, get some real estate. Worry about the toys later. Some listen. Most don't.
@meme love the wealthy barber book (and I am lucky enough to have David Chilton interact regularly with me on Twitter ) Some of the kids at work know that I guve out some advice on saving. I keep a copy of the original one at work to lend out at those times. One kid that I helped a few years ago, he still hasn't bought a house (he may live with parents for a long while, my guess) but has saved up a considerable amount of money thanks to that book.
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And on topic of traffic, I hate it. Did I mention that my workplace is moving to a new location which is only 6 minutes from my house? That's the commute I will take.
Drove across the 407 / concession 7/ Columbus to get to Oshawa zoo yesterday. Nice weekend drive. One of the guys there does that drive daily for work. No freaking thanks.
@Cool said they buy toys...so true. I tell the kids, get some real estate. Worry about the toys later. Some listen. Most don't.
@meme love the wealthy barber book (and I am lucky enough to have David Chilton interact regularly with me on Twitter ) Some of the kids at work know that I guve out some advice on saving. I keep a copy of the original one at work to lend out at those times. One kid that I helped a few years ago, he still hasn't bought a house (he may live with parents for a long while, my guess) but has saved up a considerable amount of money thanks to that book.
Sent from my custom purple Joe Bass mobile device using Tapatalk
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What piss me off is its getting harder to "save".... last i checked there is not mch of options when you account all the risk and fees..... talk about fee.... its the most scammy thing your "financial advisor" will pull on you.
I just wish the government have a solid plan to make it easier for people to save. Not many understand all the complicated , fine print investment vehicles... This is a long term plan to ease social wellfare. But we're too busy chasing down symptoms
These days for a young person getting a good job without education is impossible.
Remember even for trade work you need an education, an electrician needs a license, etc...
Long gone are the days when you would start in a company and move up without a couple diplomas on you. I know BAs in my company that have masters.
So I am not sure what magical job is this one you refer too that you can get without formal training and certification.
Maybe one of us has a misunderstanding of " hand in hand".
My answer to the question is simple. You want to pay X for things you want, you must have a job that pay X+. Education does not pay. It gives you opportunity thats often misunderstood as a sure thing. In fact, student debt is so often overlooked until they got a paying job, a rather disappointed one.
I should be the last person giving financial advise but my observation is that my tenant of +15yrs. saves enough each year to cover that years' increase in real estate. He was ready to buy 10 years ago. Now what?
Lol - cool you are knocking financial advisors but " wish the government had a solid plan to make it easier for people to save". Wtf? Take your pay cheque, squirrel some of it away. 10% makes a years pay in 10 years.
It's math, not hard. Certainly don't need government intervention.
It's math, not hard. Certainly don't need government intervention.
Megamaniac
Well-known member
I am not bashin ya but yes there are many decent paying jobs most in the construction sector ie a house framer starts at $19 and by end of year 1 if guy is any good and learns can do basic chores like nail cut carry gets $25 a second year guy with a decent brain can demand $30 to $32 after 2 years and if he really wants to learn take the drawings home and open company start crew and make a real decent dollar more than 2 or 3 desk jockeys make in a year and the same can be said for bricklayers helper start at bottom work your way up responsibility wise and the money will come hell a brainless broom pusher laborer is getting 30 plus 10% vac pay and full benefits.
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where is this job?
Megamaniac
Well-known member
Local 183 liuna
Financial advisor is a glory title for a sale person who is not qualified in any way to give financial advise. They even dont have their client in their best interest. Next time you talk to them ask straight how much they got in commission when they suggest to invest X amount into a fund.
Infact the goverment is catching up with the industry and start coming laws to make sure only fiduciary can give financial advice
As for goverment intervention.....ofcourse its absolute necessary. The fact that you think they're not speaks volume about how much you know about the subject. Inflation play abig part in your investment.
Its not just simple math, its actual science.
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I dont know why you ask me. But in my opinion, real estate is the best way to build equity. Dont look at it as an investment or saving. You need to start on equity before saving.
Foreign policy plays big parts in valuing real estate, currently it makes no sense to buy real estate as an invesement while its in bubble due Chinese is looking for safe heaven to park their wealth.
Real estate has the most expensive asset transferring cost compared all other vehicles.
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[video=youtube;gvZSpET11ZY]https://www.youtube.com/watch?v=gvZSpET11ZY[/video]
I already told you don't ask a question you don't know the answer to why else would I ask you? I don't remember asking you anything?
Why should I tell you something I don't know? Then you won't know either!
Lol thats what a cabbie said once. I said you talking to me? Are you talking to me? Well I'm the only one sitting here. He said I'm cool. Not me, him. I'm not cool.
Now think about how much more they make on unionized jobs.
With the reign of terror of McWynnty still in full swing, I gave up chasing my tail in tool & die and went back to school for earthmoving equipment (you still can't offshore heavy equipment).
That and working off the books in Wisconsin, Milwaukee is such a nicer city than Toronto to spend time in. Really reminded me what a ****** place Ontario is to live.
I know many people in construction and the grass ain't that green on that side. You just made it sound so easy and it isn't.
Without any training or certification you start at the bottom of the barrel and stay there for many years, including no work during the winter.
4 to 5 months in UI is not enough to buy a 400+ home.
I am not saying a guy somewhere has not done it but not the norm and certainly a he'll of a lot more difficult than what you made it sound.
Don't think I am putting down people without a diploma, I have a lot of respect for people that work hard but the question was " how can people buy 400+ houses" and I said and education and a good job helps.
