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Old 09-05-2022, 02:04 PM   #23426
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Old 09-05-2022, 06:21 PM   #23427
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My parents are the first in their families to come to Canada. Both grew up on farms in India barely making ends meet. They both worked their asses off all their lives. When my dad came here he was working 6.5 days a week in a mill. All that hard work has paid off big time because now no one in our family has to worry about money. They have set up our family for generations.


Update on my cousin. He now owns 5 houses plus a house he built in India.
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Old 09-05-2022, 08:11 PM   #23428
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My parents are the first in their families to come to Canada. Both grew up on farms in India barely making ends meet. They both worked their asses off all their lives. When my dad came here he was working 6.5 days a week in a mill. All that hard work has paid off big time because now no one in our family has to worry about money. They have set up our family for generations.


Update on my cousin. He now owns 5 houses plus a house he built in India.
If I was half as hard working as my father, i'd be a hard-working man. Sounds like your dad is cut from the same cloth.

Though, people in this thread will point to the fact that our parents didn't have a life growing up, they didn't experience their younger years, they didn't live for the moment, they didn't enjoy themselves. And that's probably true to an extent. But because of your dad's sacrifice his future generations are set.

My generation is all about the moment, the now, YOLO. And that's true to a degree, but all good things in life come to those who wait. I'm happy with waiting, while still enjoying myself incrementally along the way.

Congrats to your parents and your family. I hope you have told your father how proud you are of him, he probably isn't used to that sort of praise.
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Old 09-05-2022, 09:50 PM   #23429
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Don't forget he came here at a time where he could actually buy stuff from his hard work.

If he came in 2022 and did the same thing you guys probably would have grown up in a condo.
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Old 09-06-2022, 01:01 AM   #23430
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Don't forget he came here at a time where he could actually buy stuff from his hard work.

If he came in 2022 and did the same thing you guys probably would have grown up in a condo.
My parents also helped bring over 2 sets of grand parents 7 siblings and other relatives. When my Dad came to Canada he first lived in Quesnel BC. My Mom was still back in England.

If you want to get ahead in like today you can but you have to be willing to make a lot of sacrifices.
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Old 09-06-2022, 07:25 AM   #23431
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yes, if you come to canada to duplicate manic's family history, you need to move even further north and work even harder.
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Old 09-06-2022, 07:52 AM   #23432
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So you're going to Vegas for a week WITHOUT your wife and you don't have any pictures??? haha yeah.. me too bro. me too!
Lol, good point. Most the time I go to Vegas (2-3 times a year) it's without my wife. She's cool AF and doesn't care, now if I went to Mexico she'd be pissed if I didn't take her.
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Old 09-06-2022, 10:11 AM   #23433
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Amazes me that there are so many people I have met that are moving here to settle down, yet have absolutely zero clue cost of living. They believe you just need to work a job at 40 hours a week, then they complain they can't afford a home. Then they have the idea of moving to Alberta because it's apparently way cheaper?! I'm like broo, you can't even afford a one bedroom in Vancouver, what makes you think you'll buy a house in Alberta.
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Old 09-06-2022, 10:15 AM   #23434
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Maybe because a house in Alberta costs less than a one bedroom here?
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Well.. I’d hate to be the first to say it, but Westopher is correct.
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Old 09-06-2022, 10:24 AM   #23435
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Amazes me that there are so many people I have met that are moving here to settle down, yet have absolutely zero clue cost of living. They believe you just need to work a job at 40 hours a week, then they complain they can't afford a home. Then they have the idea of moving to Alberta because it's apparently way cheaper?! I'm like broo, you can't even afford a one bedroom in Vancouver, what makes you think you'll buy a house in Alberta.
I have a few friends who couldn't afford a house here move to Alberta and bought houses. One of them it was a really good move for him he really didn't have much going on here, he moved to Grand Prairie for work, ended up owning a house that I think if not paid off close to paid off now. The other was a couple who had a townhouse here and were able to buy a house in Calgary, in hind site if they stayed and then moved now they would have been way further ahead due to the way the pricing exploded here after they left.
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Old 09-06-2022, 10:30 AM   #23436
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If you own any property here that you didn't just bought and moved to Alberta you literally semi retire if not fully retire.
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Old 09-06-2022, 10:42 AM   #23437
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All I hear on Spotify is an ad from Calgary attracting people from BC with their affordable home prices lol
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Old 09-06-2022, 11:05 AM   #23438
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Jason Kenney was on 980 last week. Alberta is spending million on radio ads directly targeting BC residents to move to Alberta

The thing is, more people are leaving Alberta for BC still and have been for quite sometime. The stats read during the interview were like 15-25% more people moving away than moving to Alberta
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Old 09-06-2022, 11:25 AM   #23439
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Maybe because a house in Alberta costs less than a one bedroom here?
Yes you are correct. But in my friends situation, he can't even afford a $500k apartment here, and he's like showing me like $700k houses in Calgary that he wants to buy (because cheaper compared to Vancouver lol).
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Old 09-06-2022, 11:26 AM   #23440
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Lol, this is me. I'll go to Vegas for a week and when I get back my wife is like you got any photos? I'm like let me see, there's like a few photo's for the week.
Never take pics on a guy's trip.
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Old 09-06-2022, 11:29 AM   #23441
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Anyone else remember the Chinese proverb of the Three Generation Curse? - The 1st Gen earns it, the 2nd maintains/grows it, the 3rd spends it.

Most of us are 2nd Generation in this situation, possibly even 1st. Hope you guys with kids beat the curse somehow, but it seems like society at large is working hard to make sure it comes true. Tho us childless folk will be working hard to get to a net worth of zero on our deathbeds
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Old 09-06-2022, 11:30 AM   #23442
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yes, if you come to canada to duplicate manic's family history, you need to move even further north and work even harder.
And that's why we now have a Sikh Temple in Whitehorse. Immigrants found places like Toronto and Vancouver too expensive so they moved someplace with more opportunities.

https://www.cbc.ca/news/canada/north...irst-1.5701308
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Old 09-06-2022, 11:32 AM   #23443
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Anyone else remember the Chinese proverb of the Three Generation Curse? - The first Gen earns it, the 2nd maintains/grows it, the 3rd spends it.

Most of us are 2nd Generation in this situation, possibly even 1st. Hope you guys with kids beat the curse somehow, but it seems like society is working hard against everyone to make sure it comes true. Us childless folk will be working hard to get to a net worth of zero on our deathbeds
Whatever we don’t manage to blow before we die goes completely to our nephews and nieces. Feel like even if we managed to leave some relative wealth to them they may still have a hard time in the future
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Old 09-06-2022, 11:39 AM   #23444
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Anyone else remember the Chinese proverb of the Three Generation Curse? - The 1st Gen earns it, the 2nd maintains/grows it, the 3rd spends it.

Most of us are 2nd Generation in this situation, possibly even 1st. Hope you guys with kids beat the curse somehow, but it seems like society at large is working hard to make sure it comes true. Tho us childless folk will be working hard to get to a net worth of zero on our deathbeds
Very true. In some cases I can see the 2nd generation spending it lol. It just means we are making it too easy on our kids and they are growing up without learning that life can be/is a struggle.
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Old 09-06-2022, 02:18 PM   #23445
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Ha yup, went from Three Generation Curse to Fuerdai (Rich 2nd Generation) in the last few decades.
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Old 09-06-2022, 10:18 PM   #23446
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Anyone else remember the Chinese proverb of the Three Generation Curse? - The 1st Gen earns it, the 2nd maintains/grows it, the 3rd spends it.

Most of us are 2nd Generation in this situation, possibly even 1st. Hope you guys with kids beat the curse somehow, but it seems like society at large is working hard to make sure it comes true. Tho us childless folk will be working hard to get to a net worth of zero on our deathbeds
"My" third generation isn't spending shit when everything is getting this expensive. They'll be right back at first generation again, but without the reward.
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Old 09-06-2022, 11:02 PM   #23447
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Jason Kenney was on 980 last week. Alberta is spending million on radio ads directly targeting BC residents to move to Alberta

The thing is, more people are leaving Alberta for BC still and have been for quite sometime. The stats read during the interview were like 15-25% more people moving away than moving to Alberta
Instead of spending millions to attract young professionals to Alberta maybe they should spend millions on getting young Albertians to go to University instead of sending them to the patch.

Also this is Kenny talking about his soon to be replacements idea of an Alberta sovereignty act.

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Old 09-07-2022, 07:00 AM   #23448
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Instead of spending millions to attract young professionals to Alberta maybe they should spend millions on getting young Albertians to go to University instead of sending them to the patch.
Personally, I agree with this.

For context, I work in the technology field and have worked closely with the oil companies in Alberta. One of the challenges the oil companies have to overcome is what happens when the oil wells dry up and then to find a new revenue source. That new revenue source is charging stations for electric cars.

One of the major hurdles in trying to roll out the infrastructure required to support the adoption of electric vehicles based on the federal government's mandate is the lack of skillsets in Alberta for roles such as data scientists, software developers, and such related technology skillsets.

I am biased, but my industry peers in Alberta have been lobbying to push the Alberta gov't to invest in said skillsets. Instead, the push is for students out of high school to work the oil fields and you leave a void and gap in all sorts of different jobs to maintain a functional society (i.e. food/service, technology, transportation and what-have-you )

Technology and oil companies in Alberta have been throwing everything into the kitchen sink to attract external talent and to make it attractive to live and to work in Alberta. So far, the return on the investment is bleak, and companies are deep in the red to attract and to maintain talent. Without skills training and investment in Alberta itself, the mentality and mindset will not change.
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Old 09-07-2022, 07:16 AM   #23449
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Bank of Canada hikes key interest rate for fifth time this year to 3.25%
https://www.bankofcanada.ca/2022/09/...se-2022-09-07/
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Old 09-07-2022, 07:23 AM   #23450
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Bank of Canada hikes key interest rate for fifth time this year to 3.25%
https://www.bankofcanada.ca/2022/09/...se-2022-09-07/
Thank goodness my rental suites are coming online shortly, these increases are getting painful.
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