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December 13th, 2020, 03:04 PM
#121

Originally Posted by
fishermccann
FF and Gil. Someone must be able to buy cottages, as the prices keep going up and vacation properties are the hottest real estate market. They are going for way over asking with bidding wars. They can’t all be PS workers. Lol
Well FF did question "who could afford a house and a cottage". So cottages are going up for sure, basically folks selling in the GTA and other urban places and retiring and moving out. Up my way in cottage country I see the Chinese are moving in and buying big parcels of land all over the place. So there are some that can afford both even now.
Historically cottages were inherited by most families in Ontario and kept in the family. After marriage split up's and fighting sibling's this is a thing of the past, the generational cottage IMHO
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December 13th, 2020 03:04 PM
# ADS
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December 13th, 2020, 03:06 PM
#122

Originally Posted by
Gilroy
Alrighty then I guess we should all go out and buy a big hulking Cadillac Escalade, install a gas guzzling hot tub in the back yard, the climate like the ozone layer will fix itself. Lets strip out the last of the rainforest in the Amazon as the World does not need its lungs...
Not everyone will go out and buy a big escalade lol.
Who is cutting down the Amazon not me lol.
It's called public awareness look what happens when you force change.
What did vw do with its emitions?
The truth of the matter is he have dealt with catastrophic events for thousands of years. So has earth's temperature has fluctuated and changed many times before us .
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Last edited by fishfood; December 13th, 2020 at 03:15 PM.
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December 13th, 2020, 03:07 PM
#123

Originally Posted by
fishermccann
FF and Gil. Someone must be able to buy cottages, as the prices keep going up and vacation properties are the hottest real estate market. They are going for way over asking with bidding wars. They can’t all be PS workers. Lol
Many of them are bailing from the city lol. Close or took retirement early from the pandemic.
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December 13th, 2020, 03:15 PM
#124
Think about some things I didn’t add Gilroy.
The the $800 monthly for an EV. And $30,000 for a solar roof.
Or simply many taxes/fees not budgeted in. Nor clothes for the children, and on and on.

and no cop, struggles to get by or save for a miserable retirement.....
quite the opposite
Last edited by JBen; December 13th, 2020 at 03:21 PM.
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December 13th, 2020, 03:26 PM
#125

Originally Posted by
fishfood
So if society has been broken a long time and the pandemic has only made it worse is it a great time to start increasing the cost of living ? Besides the pandemic it's self lowered the emotions this year.
I think Ontario's average is 56 thousand but that's only an average many more under and many more over .
Why does the average family have no savings for the future? They just simply can't afford it.
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I believe the average family has no savings because they have been to busy spending beyond their means.
You know when I got my first home I had two mortgages one at 12% and the other I believe was 14%.I pulled it off by renting out my basement, taking bagged lunches to work for 20 years and driving chit box cars. I paid off my first home in 5 years,my wife basically stopped working to have kid's,I bought my second home 1985 and had that paid off in 1989.Mortgage free for the past 31 years.
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December 13th, 2020, 03:31 PM
#126
That’s how we-society, reward them for their difficult job. A nice pension. Nobody that works for 30 + years should have to worry about having a pension. Nobody. If they don’t , it is not the fault of those that do.
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December 13th, 2020, 03:31 PM
#127

Originally Posted by
JBen
Think about some things I didn’t add Gilroy.
The the $800 monthly for an EV. And $30,000 for a solar roof.
Or simply many taxes/fees not budgeted in. Nor clothes for the children, and on and on.
and no cop, struggles to get by or save for a miserable retirement.....
quite the opposite
Are you suggesting that a Cop is so well paid that everything just falls into place .LOL No planning for a rainy day.
Does a Cop make more than a GM guy in Oshawa back in the day, did he make more than a plumber or electrician?
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December 13th, 2020, 03:34 PM
#128

Originally Posted by
fishermccann
That’s how we-society, reward them for their difficult job. Nobody that works for 30 + years should have to worry about having a pension. Nobody. If they don’t it is not the fault of those that do.
Yup the pension envy folk's we see on here all the time would not have put their lives on the line for a second, they also do not understand the death/attrition rate of retirees from some of these jobs.
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December 13th, 2020, 03:36 PM
#129

Originally Posted by
Gilroy
I believe the average family has no savings because they have been to busy spending beyond their means.
You know when I got my first home I had two mortgages one at 12% and the other I believe was 14%.I pulled it off by renting out my basement, taking bagged lunches to work for 20 years and driving chit box cars. I paid off my first home in 5 years,my wife basically stopped working to have kid's,I bought my second home 1985 and had that paid off in 1989.Mortgage free for the past 31 years.
And what did you pay for both properties combined? I bet it was less or not much more than 300 thousand.
Now your looking at 3 times that for a starter house and many making less than what you did then. See what I'm getting at ?
Do the police now make 10 times as much as you then when you bought your first place ?
That's where the house numbers have gone to 10x higher now
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December 13th, 2020, 03:36 PM
#130
Lol.
1985
Houses didn’t cost $200,000 let alone $800,000.
Even at 0% interest Gilroy assuming the typical stiff could Miraculously save $5,000 a year. It would take 20 years just to save $100,00 or pay off that.
Nor did you have to squirrel for today did you? So what ever free money you had....
Nor were you landtaxes outrageous because you more Gilroys to take care off.
Nor was Hydro outrageous, there was no HST, or gas/sun taxes were nothing like they are today. Plates didn’t cost $120, and there was no $1,000/year Health tax premium. Things like stoves and refrigerators were built to last, as was your house.
Data plans weren’t $100/month.
Compared to today Gilroy you got to walk to school downhill both ways.
point being.
you can’t suck and blow at the same time. Can’t expect working stiffs to live within their means ( paltry) , when your employers don’t have the vaguest idea of what that means.
Last edited by JBen; December 13th, 2020 at 03:44 PM.