Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. | | |
06-02-2022, 04:50 PM
|
#22326 | RS has made me the bitter person i am today!
Join Date: Dec 2008 Location: Richmond
Posts: 4,875
Thanked 2,643 Times in 879 Posts
Failed 218 Times in 79 Posts
|
HOw to 4 million ples share
|
| |
06-02-2022, 05:05 PM
|
#22327 | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
See those boot straps? Reach down and give ‘em a pull!
Actually I’ve got no idea lol
__________________
Dank memes cant melt steel beams
|
| |
06-02-2022, 05:15 PM
|
#22328 | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,656
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
All in on Elon and bezos |
| |
06-02-2022, 06:09 PM
|
#22329 | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
| Quote:
Originally Posted by Qmx323 HOw to 4 million ples share | Should have been born richer. Maybe next time.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
| |
06-02-2022, 07:27 PM
|
#22330 | :inoutugh:
Join Date: Feb 2008 Location: ඞ
Posts: 9,985
Thanked 5,850 Times in 1,843 Posts
Failed 970 Times in 279 Posts
|
Just get a better spawn point next time.
__________________ Posted from NE 1-J W Inglis Building |
| |
06-03-2022, 10:22 AM
|
#22331 | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Aug 2007 Location: Internet
Posts: 1,564
Thanked 572 Times in 130 Posts
Failed 154 Times in 35 Posts
| Quote:
Originally Posted by JDMDreams |
$4m for a strata |
| |
06-03-2022, 11:46 AM
|
#22332 | My homepage has been set to RS
Join Date: Apr 2004 Location: Vancouver
Posts: 2,287
Thanked 1,436 Times in 564 Posts
Failed 40 Times in 21 Posts
| Quote:
Originally Posted by TOS'd Just get a better spawn point next time. | Real life re-rolling the RNG
|
| |
06-04-2022, 08:58 PM
|
#22333 | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,444
Thanked 2,927 Times in 778 Posts
Failed 407 Times in 108 Posts
| Quote:
Originally Posted by Qmx323 HOw to 4 million ples share | Barring winning the lottery, you have to increase your risk tolerance when it comes to investing.
The old adage, "Higher the risk, higher the reward" holds true.
Most people aren't educated or experienced enough to be successful in finding the right risk-reward play. That's why most people you know don't have a $4M house.
To get a $4M house you would need an investment that requires leverage/margin, so the easiest would be with options trading (but lowest probability), and the more reasonable way (with the best probability) would be with real estate investing and a 20-year timeline.
It's actually crazy to think about how much you need to afford a $4M house. The "safest-riskiest" investment I can think of is BTC. But, let's say you could invest $100k into BTC, even if BTC 10x, you would only have $1M, which is just barely the down-payment, then you would probably need like a $40k/month mortgage after all of that... lol it's just stupid to think about it.
|
| |
06-04-2022, 09:16 PM
|
#22334 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,665
Thanked 17,353 Times in 5,806 Posts
Failed 291 Times in 187 Posts
|
^ you forgot to say you need to have money to make money… even if you’re risk adverse who has $100k sitting around to YOLO on BTC
|
| |
06-04-2022, 09:27 PM
|
#22335 | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
|
It takes generations for that kind of wealth. You can either have rich parents, win the lottery, or develop an app that has about as much chance of success as winning the lottery. Where do you think out of those options that 99.9% of people living here in 4 million dollar houses (in our age range) got there with?
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
| |
06-04-2022, 10:01 PM
|
#22336 | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,656
Thanked 1,973 Times in 1,042 Posts
Failed 209 Times in 126 Posts
|
Yea I don't think it's possible, even if you are some director or doctor that makes $500k you probably net like $250? You will probably be saddled with debt to get there or be at least 40 by then. You probably won't have the down payment till like 50?
|
| |
06-04-2022, 10:31 PM
|
#22337 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,665
Thanked 17,353 Times in 5,806 Posts
Failed 291 Times in 187 Posts
|
Well I’m doing alright on my own, but I only have a condo… and a car collection… but I won’t have any real money until I inherit it from my daddy… and he was not like a crazy earner in his working days either, he just got to buy a house for 2 years worth of annual salary ($140k for the house they still live in, which is worth over $2.5M now even though it’s kind of a dump) and then save a few million or so after paying off his mortgage just being a tightwad plus sell my grandmas place when she passed.
Can’t imagine what he’d be worth if he’d had ANY foresight into buying second or third or seventh properties when he easily could have in the mid 90’s!!!
|
| |
06-05-2022, 12:00 AM
|
#22338 | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,724
Thanked 9,406 Times in 4,095 Posts
Failed 427 Times in 225 Posts
|
I doubt there's any way you can intentionally put yourself into the position to be able to buy a $4M house on your own. Even if you're incredibly smart I'm not aware of any career path that will definitely take you to that kind of income. There's the odd person whose business takes off or they get lucky investing, but that's still down to outside forces that you can't control/guarantee. And for every 1 guy that it happens to, 99 end up broke.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | |
| |
06-05-2022, 11:48 AM
|
#22339 | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,444
Thanked 2,927 Times in 778 Posts
Failed 407 Times in 108 Posts
| Quote:
Originally Posted by 68style Well I’m doing alright on my own, but I only have a condo… and a car collection… but I won’t have any real money until I inherit it from my daddy… and he was not like a crazy earner in his working days either, he just got to buy a house for 2 years worth of annual salary ($140k for the house they still live in, which is worth over $2.5M now even though it’s kind of a dump) and then save a few million or so after paying off his mortgage just being a tightwad plus sell my grandmas place when she passed.
Can’t imagine what he’d be worth if he’d had ANY foresight into buying second or third or seventh properties when he easily could have in the mid 90’s!!! | It's really quite sad. You have a condo and a car collection and like you said you feel like you're only doing just okay. Being in a major city is tough.
I know friends who will likely never get out of the rat race. They'll never own a home and their financial portfolio will never break $100k. I really don't know how they're going to retire.
|
| |
06-05-2022, 11:51 AM
|
#22340 | I STILL don't get it
Join Date: Jul 2006 Location: Vancouver
Posts: 475
Thanked 433 Times in 68 Posts
Failed 36 Times in 9 Posts
|
What even classifies as middle class nowadays? Seems nowadays middle class worth = early 2000s upper class
|
| |
06-05-2022, 12:31 PM
|
#22341 | I contribute to threads in the offtopic forum
Join Date: Jan 2005 Location: North Vancouver
Posts: 2,996
Thanked 1,684 Times in 583 Posts
Failed 50 Times in 22 Posts
|
30% of your household gross income on mortgage/rent used to be pretty "normal working class" 20 years ago. Now if you can get away with 30% these days I would call you middle class. Most people are doing 50-70% now.
|
| |
06-05-2022, 12:33 PM
|
#22342 | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
Failed 213 Times in 161 Posts
|
If people are at 70% that’s basically 100% of after tax income, so the only option at that point is to just die.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | |
| |
06-05-2022, 12:35 PM
|
#22343 | Rs has made me the man i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 3,007
Thanked 2,847 Times in 1,222 Posts
Failed 62 Times in 24 Posts
| Quote:
Originally Posted by CL typeS What even classifies as middle class nowadays? Seems nowadays middle class worth = early 2000s upper class | https://www150.statcan.gc.ca/t1/tbl1...pid=1110024001 https://www.statista.com/statistics/...vel-of-income/
Depending on how you define it it's $30-80k in individual income (roughly the middle half). Average is $47k, median is $36k (good god).
You can probably reasonably assume a middle class household (2 earners) is around $80-100k.
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
|
| |
06-05-2022, 12:36 PM
|
#22344 | I contribute to threads in the offtopic forum
Join Date: Jan 2005 Location: North Vancouver
Posts: 2,996
Thanked 1,684 Times in 583 Posts
Failed 50 Times in 22 Posts
| Quote:
Originally Posted by westopher If people are at 70% that’s basically 100% of after tax income, so the only option at that point is to just die. | I agree that few are actually as far as 70% but you'd be surprised at how many people can barely afford to eat while paying rent and bills these days, it's crazy (thinking more of Vancouver and less of the burbs)
|
| |
06-05-2022, 12:37 PM
|
#22345 | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,875
Thanked 2,583 Times in 995 Posts
Failed 253 Times in 72 Posts
|
A Vancouverites vision of middle-class is different from the reality of all of Canada. I think it's somewhere on the lines of owning property, basic corolla / crv, able to eat and go out while still worrying about money and getting a good deal. But the cost of doing this Vancouver is probably 2x the rest of canada.
Just over a year and a half ago, my housing costs was close to 52% of my after-tax income and I had like < $1,000 after downpayment lol.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned] |
| |
06-05-2022, 12:44 PM
|
#22346 | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,444
Thanked 2,927 Times in 778 Posts
Failed 407 Times in 108 Posts
|
When it comes to income especially, I never take the average as there's too many outliers. Median income is a more realistic number to judge the average person by.
|
| |
06-05-2022, 02:04 PM
|
#22347 | Rs has made me the woman i am today!
Join Date: Mar 2006 Location: Vancouver
Posts: 4,194
Thanked 3,028 Times in 1,396 Posts
Failed 58 Times in 33 Posts
| Quote:
Originally Posted by Gerbs A Vancouverites vision of middle-class is different from the reality of all of Canada. I think it's somewhere on the lines of owning property, basic corolla / crv, able to eat and go out while still worrying about money and getting a good deal. But the cost of doing this Vancouver is probably 2x the rest of canada.
Just over a year and a half ago, my housing costs was close to 52% of my after-tax income and I had like < $1,000 after downpayment lol. | Our housing costs are realistically over 50% of our income. Right at this moment it's not yet because it hasn't hit trigger rate, but we plan to raise our payments after paying property taxes to match the increase in rates.
|
| |
06-05-2022, 04:06 PM
|
#22348 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,665
Thanked 17,353 Times in 5,806 Posts
Failed 291 Times in 187 Posts
| Quote:
Originally Posted by PeanutButter It's really quite sad. You have a condo and a car collection and like you said you feel like you're only doing just okay. Being in a major city is tough.
I know friends who will likely never get out of the rat race. They'll never own a home and their financial portfolio will never break $100k. I really don't know how they're going to retire. | I should clarify my car collection in total probably amounts to a 1 brand new BMW in value lol
And that's with values of 90's and 00's vehicles being wildly inflated in the past year.
I am definitely leaning heavily toward making a run somewhere else as I get a bit older...
|
| |
06-05-2022, 04:51 PM
|
#22349 | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,742
Thanked 15,067 Times in 6,026 Posts
Failed 2,068 Times in 693 Posts
|
So less like This
And more like this
__________________
Dank memes cant melt steel beams
|
| | This post thanked by: | 68style, BIC_BAWS, EvoFire, Gerbs, hotjoint, jing, mikemhg, ssjGoku69, supafamous, underscore, Volvo-brickster, westopher |
06-05-2022, 07:14 PM
|
#22350 | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,665
Thanked 17,353 Times in 5,806 Posts
Failed 291 Times in 187 Posts
|
Shit I dunno all that wood is $$$$$$$
|
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT -8. The time now is 09:12 PM. |