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10-28-2022, 05:14 PM
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#23826 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
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| Quote:
Originally Posted by PeanutButter  he said $300k condo in abbotsford...
So 5% down ~$15k down payment and $2k monthly payment for mortgage/insurnace/maintenance
Doable. | Were talking 50k gross income? How long to save the 15k? What happens when an unexpected bill comes up? I hope that job they have is in Abby too. I guess you can always work harder when things get rough.
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10-28-2022, 05:33 PM
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#23827 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,452
Thanked 2,933 Times in 781 Posts
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| Quote:
Originally Posted by MarkyMark Were talking 50k gross income? How long to save the 15k? What happens when an unexpected bill comes up? I hope that job they have is in Abby too. I guess you can always work harder when things get rough. | $50k Gross = $43k net
or $3,600 a month net.
Save $1,000 per month = 15months to save up $15k.
If your were dual income, even better.
To be fair, he also said you would have to make some massive sacrifices for 5-10 years.
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10-28-2022, 05:36 PM
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#23828 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
Posts: 4,113
Thanked 3,399 Times in 1,288 Posts
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| Quote:
Originally Posted by PeanutButter $50k Gross = $43k net
or $3,600 a month net.
Save $1,000 per month = 15months to save up $15k.
If your were dual income, even better.
To be fair, he also said you would have to make some massive sacrifices for 5-10 years. | Sure, I hope the people who say 5-10 years of massive sacrifices have an inspiring story of them doing it themselves.
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10-28-2022, 05:51 PM
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#23829 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
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| Quote:
Originally Posted by MarkyMark lol who's buying anything with a 50k salary? How are you saving for the down payment while paying rent and other expenses? | Noone, because they can't give up two years, to gain decades of wealth
Two scenarios
Live in a 1500$/basement suite and don't save
Live in a shared room, in a house, pay 600$ a month for your rent, and in 2 years you would have 20k for a 5% down payment Quote:
Originally Posted by MarkyMark I hope that job they have is in Abby too. | This is exact problem with people that are born in Canada, over privileged
Everyone wants the reward, without putting in the work, or time spent in traffic, to get ahead in life
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
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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Last edited by donk.; 10-28-2022 at 05:56 PM.
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10-28-2022, 05:54 PM
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#23830 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
Posts: 4,113
Thanked 3,399 Times in 1,288 Posts
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| Quote:
Originally Posted by donk. Noone, because they can't give up two years, to gain decades of wealth
Two scenarios
Live in a 1500$/basement suite and don't save
Live in a shared room, in a house, pay 600$ a month for your rent, and in 2 years you would have 20k for a 5% down payment | Is that what you did
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10-28-2022, 05:56 PM
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#23831 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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| Quote:
Originally Posted by donk. Noone, because they can't give up two years, to gain decades of wealth
Two scenarios
Live in a 1500$/basement suite and don't save
Live in a shared room, in a house, pay 600$ a month for your rent, and in 2 years you would have 20k for a 5% down payment | The shared house scenario is the best way for someone who doesn't have the privilege's to live at home to save. Or roommate in a 2BR condo for sub $1,200 all-in.
Can save up quite a bit in those scenario.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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10-28-2022, 05:57 PM
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#23832 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
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A lot of Kids nowadays don’t have the appetite for hard work or sacrifices. I see it all the time. These 20 year old longshore kids just do 1-2 jobs a week (enough to pay for a night or two out on the town) then go back to living with mom and dad.
If their parents don’t leave them their house / savings I think these fuckers would just starve.
Had one of these dudes ask for a raise / promotion after only working there for 1 year and he got shat on by his own union rep. The sense of entitlement is strong nowadays.
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10-28-2022, 06:06 PM
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#23833 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
Posts: 4,113
Thanked 3,399 Times in 1,288 Posts
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| Quote:
Originally Posted by Badhobz A lot of Kids nowadays don’t have the appetite for hard work or sacrifices. I see it all the time. These 20 year old longshore kids just do 1-2 jobs a week (enough to pay for a night or two out on the town) then go back to living with mom and dad. | That sounds exactly like most 20 year olds I knew when I was that age almost 20 years ago so kids haven't changed that much lol
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10-28-2022, 06:09 PM
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#23834 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
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| Quote:
Originally Posted by MarkyMark Is that what you did | No, this scenario does not apply to me
But it does apply to my friend that moved here from Russia 8 years ago
When I first met him, he was making 45k gross a year, and lived in a house with 7 other dudes. His rent was 450$/month.
Lived in east van, worked in downtown, 30 min drive
3 years in, he managed to save around 45k, bought a condo in Langley, an old dump, 600sqft, he continued to work in downtown, his drive was 2hrs minimum round trip.
Today, he owns a 25 year old condo in Burnaby, worth two times what he paid for the dump in langley.
Furthermore, his net worth, is probably double the sum, of what a renter in his scenario would have paid for 8 years in rent 
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
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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10-28-2022, 06:16 PM
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#23835 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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| Quote:
Originally Posted by MarkyMark Is that what you did | I was saving close to $1,000 to $1,500/month when I made $50K-60k gross  Income
$50K takes home - $3,331/month after taxes Expenses
Rent - $1,000 solo in a basement/shared 2BR, $500 if living with a partner  )
Insurance - $150 - Shitbox that doesn't need collision/comprehensive
Maintenance - $30
Gas - $150 - Vancouver commute is always < 20km roundtrip
Groceries - $300
Entertainment and eating out - $600
Misc household + Gym + Haircut + Phone - $140
$2,365 spent
Shop on sale, cheapest plans for phone, internet, haircut, gym, household products, skincare, clothes, keep everything super low. $600 is enough to hang out $150/week for events + eating out with friends, drinking. Honestly you could get by with less if you spend your weekends working or hustling lol. Savings
$966 Saved per month + $552/month after raise to $60K for a total of $12,000 to $18,576 saved per year.
Over 5 years = $60,000 to $92,880 = Which should be enough to down payment a shitty 1BR that's 15 - 20 years old.
Anything else you make from side hustles, OT, 2nd jobs + raises are also 100% saved.
Man, if you can live that cheap and your income doubles or triples, you can start saving close to $4k - 6k/month and your investment income over time will start generating $300 - 1,000/month. But once you taste the nicer things it's hard to go back  .
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
Last edited by Gerbs; 10-28-2022 at 06:24 PM.
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10-28-2022, 06:29 PM
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#23836 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
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| Quote:
Originally Posted by Badhobz A lot of Kids nowadays don’t have the appetite for hard work or sacrifices. I see it all the time. These 20 year old longshore kids just do 1-2 jobs a week (enough to pay for a night or two out on the town) then go back to living with mom and dad. | A lot of my friends are 20's to 33's and the appetite is gone because they already have everything. They have a decent car, nice home in city centre, no expenses and a disposable income of $2-4k/month.
Recently my gf was telling me how her friend was ranting about why so many people in Vancouver have a dream to buy a house and how it was so boring and uninspiring. She has a 3 BR new condo in Brentwood that was gifted but also make really good income. So she's in a stage in her life where everything buyable is already obtained, so what's the point of working more? Their desire it to work less but enough not to be considered a deadbeat by society.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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10-28-2022, 06:46 PM
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#23837 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
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| Quote:
Originally Posted by Gerbs Which should be enough to down payment a shitty 1BR that's 15 - 20 years old.
| Wow wow wow, a 20 year old building is quality stuff, we ain't amongst rich people here living on marble tile and butlers
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
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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10-28-2022, 07:23 PM
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#23838 | | Rs has made me the man i am today!
Join Date: Nov 2008 Location: Vancouver
Posts: 3,276
Thanked 4,114 Times in 998 Posts
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Did Mr Happy Silp open new accounts?
Just work more hours. Just get another job. Just sleep less.
If everyone just lived in tents and ate at the soup kitchen, they'd be home owners in no time.
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10-28-2022, 07:28 PM
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#23839 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
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| Quote:
Originally Posted by Gerbs A lot of my friends are 20's to 33's and the appetite is gone because they already have everything. They have a decent car, nice home in city centre, no expenses and a disposable income of $2-4k/month.
Recently my gf was telling me how her friend was ranting about why so many people in Vancouver have a dream to buy a house and how it was so boring and uninspiring. She has a 3 BR new condo in Brentwood that was gifted but also make really good income. So she's in a stage in her life where everything buyable is already obtained, so what's the point of working more? Their desire it to work less but enough not to be considered a deadbeat by society. | She should try anal  | |
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10-28-2022, 07:43 PM
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#23840 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
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Originally Posted by donk. Wow wow wow, a 20 year old building is quality stuff, we ain't amongst rich people here living on marble tile and butlers | When you suggest people to look at 10 - 30+ year old buildings and they hit you with the "eww no" or the "looks old bro". Or when they ask you why'd you pick such an old building, I only paid $300k for my new condo in 2016. Old is all I can afford  Quote:
Originally Posted by Badhobz She should try anal | If you lend me the LC, attractive girls don't go inside old condos, the lobbies are too dungy and spooky
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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10-28-2022, 07:59 PM
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#23841 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,600
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Shared living is what worked for me!
(just so happened that the person I was sharing with was my girlfriend/wife  )
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A vehicle for all occasions
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10-28-2022, 08:14 PM
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#23842 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
Posts: 4,113
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Live with 7 other people for 3 years and you too can own a one bedroom shithole with the possibility of upgrading to another one bedroom fixer upper in a nicer city years down the road. Hope you don't want kids. Man I can't believe people aren't lining up to live that life. Quote:
Originally Posted by Great68 Shared living is what worked for me!
(just so happened that the person I was sharing with was my girlfriend/wife ) | One roomie? Rich prick.
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10-29-2022, 11:26 AM
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#23843 | | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
Posts: 4,268
Thanked 5,498 Times in 2,067 Posts
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| Quote:
Originally Posted by donk. Noone, because they can't give up two years, to gain decades of wealth
Two scenarios
Live in a 1500$/basement suite and don't save
Live in a shared room, in a house, pay 600$ a month for your rent, and in 2 years you would have 20k for a 5% down payment
This is exact problem with people that are born in Canada, over privileged
Everyone wants the reward, without putting in the work, or time spent in traffic, to get ahead in life | I'm sorry but that's fucking insane and completely unrealistic, you're professing an idea you wouldn't or haven't done yourself. Such a life would not be one for a large majority of Canadians born here.
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10-29-2022, 11:37 AM
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#23844 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
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That’s like some 3rd world refugee type shit lol..
A few years ago at work I had to go work in a basement suite behind Metrotown. The landlord knocked then opened the door, there’s a small “living room” with 2 queen sized beds in it, the room is dark. Buddy turns on the light and there’s 5 Indian guys sleeping on the 2 mattress in like a 500 sq ft basement suite
Seemed like a pretty killer life
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Dank memes cant melt steel beams
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10-29-2022, 11:37 AM
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#23845 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
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Originally Posted by bobbinka Did Mr Happy Silp open new accounts?
Just work more hours. Just get another job. Just sleep less.
If everyone just lived in tents and ate at the soup kitchen, they'd be home owners in no time. | Just live in your parents basement with your wife until you’re 35! Just go to Costco with covid but demand indefinite lockdowns. It’s a simple life.
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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. | | |
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10-29-2022, 12:26 PM
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#23846 | | RS Veteran
Join Date: Dec 2001 Location: GTA
Posts: 29,939
Thanked 11,635 Times in 4,760 Posts
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For the record, Mr. HappySlip hasn't logged in for quite some time. One can't help but wonder if he's got multiple accounts.  
__________________ Quote:
Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | Quote:
Originally Posted by EvoFire But fuck that exterior is like dating integra girl | | |
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10-29-2022, 01:27 PM
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#23847 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
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He’s fuckin JDMdreams.
__________________
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. | | |
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10-29-2022, 01:46 PM
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#23848 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,539
Thanked 7,708 Times in 3,623 Posts
Failed 1,507 Times in 645 Posts
| Quote:
Originally Posted by Hondaracer That’s like some 3rd world refugee type shit lol..
A few years ago at work I had to go work in a basement suite behind Metrotown. The landlord knocked then opened the door, there’s a small “living room” with 2 queen sized beds in it, the room is dark. Buddy turns on the light and there’s 5 Indian guys sleeping on the 2 mattress in like a 500 sq ft basement suite
Seemed like a pretty killer life | In 5 ten years they will own houses well some people born here will rent all there lives.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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10-29-2022, 02:01 PM
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#23849 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,455
Thanked 11,035 Times in 3,966 Posts
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I doubt it. It’s pretty hard to scratch out a living in Vancouver so you can buy 700k+ apartments. No matter how you scrimp and save.
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10-29-2022, 02:28 PM
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#23850 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 16,539
Thanked 7,708 Times in 3,623 Posts
Failed 1,507 Times in 645 Posts
| Quote:
Originally Posted by Badhobz I doubt it. It’s pretty hard to scratch out a living in Vancouver so you can buy 700k+ apartments. No matter how you scrimp and save. | Their living expenses are less than a 1/5 of a single person renting and they are working 50/60 plus hours a week. They are also not buying condo's. It's not uncommon for a couple of family members to buy a house together. They buy a house with one or two rental suites. Live in the rental suite and rent the rest of the house out.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Last edited by Manic!; 10-29-2022 at 02:34 PM.
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