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Old 09-05-2023, 08:09 PM   #27701
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Oh, many posts above regarding Living at home = saving.. that's total BS.
I know some people who lived at home until they were 35-40, did ANYONE of them saved up 120K rent free NO....

The extra spending money from jumping to job were went on uber eats, nicer hand bags and fancy cars... No one ever saves bling living at home, the money just became more depositable income.
Come on, man... While a good chunk of the the money I saved from living at home "rent-free" did go to bikes, cars, chicks, and fancy dine outs, there was something left for other more meaningful purposes...
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Old 09-05-2023, 09:41 PM   #27702
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At the end of the day, money is the tool to buy experiences, so I guess the benefit of making it to 35 - 40 with no money is that you probably have a lot of good memories to remember everyday.
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Old 09-06-2023, 12:10 AM   #27703
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Isn't it kind of selection bias though where only the lazy kids stick out like a sore thumb? There are plenty of kids born post-2000s pulling good money working in tech jobs or working their way towards a professional designation with good pay.

I wouldn't write off an entire generation based off of a few spoiled apples. I can count a few examples of post-2000s kids that are lazy AF, but I know just as many if not more that are doing better than OK.
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Old 09-06-2023, 05:23 AM   #27704
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Could be true. Though I’ve only met the bad ones and they seem to outnumber the good ones by 10:1.

Lousy friggin interns. This one kid wanted to celebrate this thing called Christmas. Ever heard of it ? Basically he wanted the 24th, 25th and 26th off. I’m like you get the 25th and 26th but the 24th is a work day. Bah humbug.

I worked him till 6pm on the 24th doing tedious spreadsheet stuff. He cried to his fellow peons that he missed Xmas eve dinner. Trololololo I hope little Timmy dies
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Old 09-06-2023, 06:47 AM   #27705
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I'm suprised he didn't say fuck this shit.

who would work xmas for a below min wage internship while the boss gets paid triple ot.
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Old 09-06-2023, 07:26 AM   #27706
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I had a lot more fun experiences in my 1 bedroom apartment, then moms basement.
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Old 09-06-2023, 08:43 AM   #27707
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Isn't it kind of selection bias though where only the lazy kids stick out like a sore thumb? There are plenty of kids born post-2000s pulling good money working in tech jobs or working their way towards a professional designation with good pay.
I'm on the bias side where I only see kids that do well because they are the ones hosting house parties, living downtown, going to bars and restaurants a few times a week, golfing, skii / interior trips, off-roading, playing weekly drop in sports, track days, travelling, able to afford concert tickets including $400 - 800 drake / F1 / t swizzle tickets!

Majority that moved here are doing really well because you can't move here otherwise. The few smart apples that took advantage of that savings I listed above used their $150 - 300K to start a small businesses and they moved their family from middle to upper class.

The think the most common comments I hear are "If we had our current wages in our 20's pre 2015 we'd be set".

We can't really common on Gen Z as they're mostly early 20's, nobody makes good money early 20's unless you got that YT money.

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I'm suprised he didn't say fuck this shit.

who would work xmas for a below min wage internship while the boss gets paid triple ot.
Intern probably drove home in his clapped out 2015+ IS250. It's hard for balling gen z's struggling with min wage when they already have the luxuries of something that's 2-3x their wage.
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Old 09-06-2023, 08:47 AM   #27708
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I'm suprised he didn't say fuck this shit.

who would work xmas for a below min wage internship while the boss gets paid triple ot.
min wage!? hes a fucking intern, he's only there for job experience hahahah.
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Old 09-06-2023, 10:36 AM   #27709
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Could be true. Though I’ve only met the bad ones and they seem to outnumber the good ones by 10:1.

Lousy friggin interns. This one kid wanted to celebrate this thing called Christmas. Ever heard of it ? Basically he wanted the 24th, 25th and 26th off. I’m like you get the 25th and 26th but the 24th is a work day. Bah humbug.

I worked him till 6pm on the 24th doing tedious spreadsheet stuff. He cried to his fellow peons that he missed Xmas eve dinner. Trololololo I hope little Timmy dies
That's a troll on your part, at least let him go at 5pm.
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Old 09-06-2023, 10:42 AM   #27710
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Boom hobz gonna hate this, rate your Intern emerging, developing, proficient and extending

https://www.google.com/amp/s/globaln...ncy-scale/amp/

But yea kids are gonna turn even more snow flake
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Old 09-06-2023, 11:23 AM   #27711
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min wage!? hes a fucking intern, he's only there for job experience hahahah.
i heard all internships/coop must pay the student, is that true?
i know when i was a student i'd have loved to work for free for experience.
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Old 09-06-2023, 11:31 AM   #27712
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Legally anyone who's employed has to be paid at least minimum wage.

The exception is if the internship is part of an school program.
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Old 09-06-2023, 11:44 AM   #27713
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min wage!? hes a fucking intern, he's only there for job experience hahahah.
I thought interning for free is illegal under BC laws now. Too bad Gen Z'ers don't know that

The only loophole are the Coop programs we gotta pay $500 to the school. I think the students gotta pay the Coop program to join too. Good thing I give them a pizza party and a $100 GC as a thank you for 3 months of service.
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Old 09-06-2023, 12:14 PM   #27714
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You have to pay for internships, Hootsuite got into some hot water because of that a few years ago.
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Old 09-06-2023, 12:18 PM   #27715
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Wow, where I work, we pay interns/co-ops quite well!
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excuse me, i would never date a mainlander... thats disgusting.
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Old 09-06-2023, 02:23 PM   #27716
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I don’t know. I’m not HR, I thought he worked for free.

If we were paying him then I should have held him in OT until he’s finished
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Old 09-06-2023, 02:30 PM   #27717
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Wow, where I work, we pay interns/co-ops quite well!
Intern nurses have entered the chat
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Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?


Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.

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Old 09-06-2023, 03:10 PM   #27718
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https://forums.redflagdeals.com/vanc...ubble-1194032/

Looks like the average Vancouver RE detached price just hit a new ATH with 5%+ rates lol.
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Old 09-06-2023, 03:50 PM   #27719
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Damn, that dude has been maintaining that thread for the past 11 years
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Old 09-06-2023, 03:51 PM   #27720
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Yea cuz all the buddy guys buying up land to do 6 Plex
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Old 09-06-2023, 04:30 PM   #27721
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Market is going to absolutely skyrocket once rates start dropping
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Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.

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Old 09-06-2023, 06:02 PM   #27722
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Indeed. A lot of pent up demand. Im kinda glad i bought when i did because otherwise we might be hosed waiting for another downturn again.
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Old 09-06-2023, 07:33 PM   #27723
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Damn, that dude has been maintaining that thread for the past 11 years
and this thread was started in the same year lol
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Old 09-06-2023, 09:49 PM   #27724
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How soon will we see rates take a dive. For 2024,
March 6 Interest rate announcement
June 5 Interest rate announcement.
You really think they will come in and drop 1% and then another 1% June 5?
Blown away if they drop 1% entire year for 2024; not even .75
Which mean 2024 will be 4% which is still extremely high.




2000 from 5% to 2 % in 2 yrs - overvalued stock market
2008 from 4.25 down to 0% 2010 - crazy banks over lending

Both of those were crazy events which i don't think will happen in the next 3 yrs

Last edited by 6793026; 09-06-2023 at 09:56 PM.
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Old 09-07-2023, 06:07 AM   #27725
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How soon will we see rates take a dive. For 2024,
March 6 Interest rate announcement
June 5 Interest rate announcement.
You really think they will come in and drop 1% and then another 1% June 5?
Blown away if they drop 1% entire year for 2024; not even .75
Which mean 2024 will be 4% which is still extremely high.
I'd guess that we'll see little to no change in 2024 - the messaging from the bank is that they think inflation is pretty persistent and they're gonna fight it till they're sure it's dead which means they're going to be very cautious about lowering rates. In addition, they've been burned a lot lately - they had predicted rates to stay low for a long time (huge error) and then when they did a pause this year they quickly had to backtrack. They've lost a lot of creditability the last couple years so they're gonna play it safe.

I'm hearing stories of people renewing for as high as 6.9% right now with most banks listing their 5 year rates between 5.8-6.4%. Gonna be brutal for some folks (and it's not like it's been good for a while).
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