It's quite simple really, comes down to basic animal instinct and survival of the fittest at its most basic root.

If you crave or desire a certain lifestyle and you can't find it or afford it in a certain place, then your only option is to move somewhere else to find it.

If you choose to be 'lazy' and stay in your present location, continuing living with parents, etc etc what have you, then the positives of your current lifestyle outweigh the positives and costs associated with trying to find your ideal lifestyle somewhere else. If/when those 2 things flipflop, then the person moves on to somewhere cheaper, can find a higher paying job, better mating prospects, whatever it may be--but that's no slam dunk either and people sometimes go back to their old life realizing it really wasn't all that bad after trying and failing to find their new life.

Jesus, you never pass up an opportunity to tell everyone you're going to South America for a year do you? :smug:

It really only matters for Ecuador, El Salvador, and Panama. For example the Canadian dollar has appreciated greatly against the Brazilian Real, Colombian Peso and Argentine Peso in the past year.

haha i just figured people didn't pay enough attention to remember

My landlord wants $2450 a month for my loft as of August 1st


Here is a small sample of what surrounds the building:


http://i.imgur.com/EIyuJLV.jpg
Stolen bicycle chop shop factory



http://i.imgur.com/cmjbeMr.jpg
Guy smoking crack right against my front gate


I'm looking at moving to Tofino to surf, but fiber Internet won't be there until early 2016.

Maybe Nanaimo?

I REALLY want a place where I can work on my project Rampage(s)...

LOL @ Nanaimo... Surrey by the Sea

Hahaha!!!


Where is cool on the island?


Only place I want to really live is in Tofino!

Parksville is nice.

The 12 month performance on the Tangerine Balanced Fund is almost 12%.

If you have more money to spend, the S&P 500 ETF from Vanguard has been up 25% from last year.

I wonder how many people who bought residential properties in Vancouver could be guaranteed of even a 2-3% return.

Commercial RE, from what I've heard, isn't much better. For commercial properties you're getting returns of about 6-7% in Metro.

Chemainus, Ladysmith, Parksville, Qualicum Beach are all nice small towns.

Nanaimo is fine except the south end (south of Comox Rd/Bowen Rd). Even then, it's nowhere near as bad as Surrey. I'm not even sure if Nanaimo has had a murder yet this year.

dangerous thinking - S&P500 provides a historical real return of 7%

your comment above is as bad as ppl saying 'last two years my house has gone up 10%" - current performance is irrelevent, it's long term and risk exposure you have to consider.

though, i entirely agree with the general thought, diversified investment is the only kind of investment, everything else is speculation

^ agreed - you could have thrown your money blindly at any S&P or NASDAQ index fund over the past 12 months regardless of timing and come out with some healthy returns.

Jesus Bank of Canada cuts overnight rate again, now at 0.5%. Can we say we're officially in a recession now?

Aside from the period where we had $100 oil to prop the market, were we ever not in a recession?

We were, but was never outright stated by the BoC. Now it's 'official'?

Our dollar is going to be worth 40 cents US pretty soon at this rate.

we were already in a recession, when the economy contracted twice in a row. just harper govt didn't term is so, as elections are coming up.

FML I seriously have to rush out and buy a bunch of car parts ASAP before the loonie hits <.70

Edit: Oh btw has anyone seen the new Greek flag?

Getting paid in USD means my income has gone up 25% or so since last August...

Bring on the 60 cent Canadian dollar, yeah!!!

Iran is poised to start selling oil again, up to a million barrels a day. If this continues to drive down oil prices, the Canadian dollar should tank even further.

At this point, what keeps the Canadian economy going? More borrowing... the housing bubble keeps inflating...

Fack. I was hoping the dollar would improve a little before getting some USD for my upcoming Vegas trip... guess I'll hit the bank tomorrow. :okay:

Bahaha... why am I not surprised for BoC cutting rate again. What a bunch of clowns.

They simply don't have the gut to face the real problem: we have bubbles and real problem in our economy.

When bubbles is about to burst, you don't patch wholes so that it doesn't pop and hope it would deflate safely, you just let it pops and make a better one.

We always laugh at Americans, but at least they had the courage to actually deal with the real problem. (to a certain extend at least)

When US had its RE bubble and it was evident it's beyond any logic, it simply let the RE to collapse and do its thing. Guess what? They are flourishing again. My family's RE holding in US has increased over 90% overall (with the best over 120%). You don't try to mess the cycle, you just live with it.

How is Canada suppose to recover with record level of debt, RE price and little to none real economic gain? You can't expect people to use their property as ATM forever. What happens when they can no longer do it?

I've been converting my pay almost every 2 weeks since I thought the ~1.25x conversion was great already. Probably going to hold off till it hits even lower.

The biggest bubbles stem from our own egos. THOSE bubbles need to burst before we can wake up and accept reality.

But people are too dumbed down (or just dumb) to realize the potential long term impacts of our tanking economy. Think of the Vanshitty Buzz types...

Running around, chanting ' BUT THE WEST COAST IS THE BEST COAST!' does fuck all to secure economic certainty, never mind prosperity

As a Financial Advisor working for a bank, it is always interesting hearing theories about why so and so happens.

The truth is, no matter what economy is in place, resources are limited and human wants are unlimited.

The government can not fix people, so they can only play the role of a scale. Trying to please everyone but at the sametime not pleasing everyone.

Thing is, nobody knows how the cookie's going to crumble. Unlike the US, mortgages here are backed by CMHC. WTF happens when the bubble bursts? They get the government (essentially tax payers) to pay up?