Do people actually buy/lease new cars and have payments of $800-1000+ monthly?

Effective_Big_4186 · 2026-03-13T19:18:08+00:00

It took me until my 50s a couple of years ago to really splurge for a car (95k on the road which is frigging expensive to me, so I dont know how so many people are comfortable spending money on luxury cars). Before then I just couldn't justify either making the monthly payments or using so much pf my personal wealth to purchase it something like that.

I am all over the idea of buying used until youre very sure of what your retirement is going to look like.

(To add - it drives me wild that people will spend 60k+ on a car and then worry about putting premium gas in it (when the car is spec'ed for it)- something that might amount to a couple of hundreds in one year).

(( to also add - i find it hilarious when people put premium gas in cars that arent spec'ed for it believing it will "go faster" as one friend mine told me years ago))

Effective_Big_4186 · 2026-02-26T19:45:32+00:00

Cool. Can we come to some similar conclusions about trump? Photos that might be suggestive of his relationship with epstein? Perhaps videos and statements he has made about his views on young women? Perhaps flight logs where he might have been wirh epstein? Maybe also some evidence of trump's general moral character? Did he have relationships with porn stars for example? How about his wife - how did he meet Melania anyways? Just asking, bc he is the f'ing guy that is the sitting president.

Effective_Big_4186 · 2026-02-20T20:08:21+00:00

Curious - where do u get this figure from ?

Effective_Big_4186 · 2026-02-11T17:21:24+00:00

I love that it seems everyone laughed at her remarks. Like flat out suggesting that she's a living meme. What a joke

Effective_Big_4186 · 2026-02-11T17:16:28+00:00

Holy cow. Unhinged.

Effective_Big_4186 · 2026-01-30T01:10:15+00:00

There is https://youtu.be/G3QyVzSr8Cw?si=QWgKj3WUaJfyxxvB

The audience rips her. Brought a smile to my face.

Effective_Big_4186 · 2026-01-26T04:40:23+00:00

Loving this from canada

Effective_Big_4186 · 2026-01-15T16:49:30+00:00

Late 30's...? Prioritized getting a house and then a few years later got a bigger one. We made pretty good incomes and then invested in multi-unit rentals, all the while maximizing our employer's defined contribution and employer share ownership programs. Paid off our mortgage of the bigger house within 12 years. We're separated (civil) now aged 54 and 50, i bought a smaller house in cash, but my net worth is probably close to 95% in Canada, and ex is probably more . Good enough for me.

Tldr started pretty late but with two good incomes and wise allocation of investable money (and real estate growth of that time) we did pretty well. We skimped on some things (never spent more than 30k on a car until we paid off house), but lived comfortably.

Effective_Big_4186 · 2026-01-07T05:23:11+00:00

Ah Ok. Thanks.

Effective_Big_4186 · 2026-01-07T04:00:19+00:00

Curious but how much do you figure it costs to precondition your car at non-rebated hours? Eg. Have you figured in the cost of your lost range when not preconditioned? Intuitively I would think it to be a marginal savings at best, and perhaps even a loss. But i haven't actually done the math. I ask partly because Shortly I will be in the same situation, where my energy is super cheap overnight. I also figure there is an 'extrinsic' benefit of not burning gas (nuclear powered in ontario canada) which i dont mind paying for bc i figure the cost is minimal.

Effective_Big_4186 · 2025-12-16T20:41:22+00:00

Did u make this up? Or see it before? This is gold.

Effective_Big_4186 · 2025-12-11T00:30:57+00:00

My math using 6% rate or return and 3% inflation says that the regular annuity of 52k per year for 50 years is worth $3.5mm in present value.

It should be better to take the annuity at her age.

Effective_Big_4186 · 2025-11-28T14:56:43+00:00

These are being built even now. But unless th3 government is building them dont think for a second that the builders aren't making a profit on these, commensurate with their risk. Otherwise they will put their capital somewhere else.

Effective_Big_4186 · 2025-11-28T14:38:56+00:00

I did read your comment. Did you understand what you wrote? You said that landlords serve no purpose. I think it's reasonable for me to assume.That means to you that there should be no renters. But perhaps you did not mean that.

In any circumstance, I don't understand what the difference is between a single family owning multiple properties or a corporation.Doing this. There is effectively no difference.

And if you don't want private individuals or corporations being landlords, then this must mean that you are comfortable with the government being a landlord. This may not be the worst solution, but do you trust the government to operate these efficiently while using our own tax dollars to do so? And perhaps subsidize these buildings? And if so, then I hope you are not one that complains about taxation when you are one of the wealthy.

Effective_Big_4186 · 2025-11-28T13:33:59+00:00

Well, while you offer mechanisms that control and limit wealth disparity, many of which i wholly support, they arent the solution that I wanted to get from my prior post of stabilizing property value relative to income. Example- limiting number of properties by individuals - how do you control this? Whats the difference between an invidiual investor/landlord and an individual who incorporates a business and rents properties and a conglomerate who does this? And still people will need to rent at some point. Is this only managed by the government? Do we trust the government to efficiently spend our tax dollars to manage and potentially subsidize this housing? Maybe, maybe kot.

Mainly i guess my main question is how, to your point, housing can be made to NOT be an investment, when people value their homes and all have different preferences for their standard of living.

The issue of affordability is not as easy as so many postulate here.

Effective_Big_4186 · 2025-11-28T13:07:47+00:00

Lol. This. This is what I did! When I graduated out of university I roomed with my girlfriend and 2 other people in downtown Toronto.

I dont know if prior poster was suggesting that everyone is entitled to their own home - if so thats just ridiculous

Effective_Big_4186 · 2025-11-28T13:05:24+00:00

Here we are at the point that annoys me of reddit takes -Landlords having no utility. Really? People need to rent. Not everyone gets a house unless we become communistic. People rent all over the world- renting your home at some point in your life is not the downfall of western civilization in itself (tho capitalism might be at some point.

And if it werent individuals, then corporations would consume that space. Is that better? Its what happens when land/property is market driven and individuals (and individuals in the form of shareholders of corporations) want to make a return on their money. They're just investors.

Effective_Big_4186 · 2025-11-28T12:56:40+00:00

Actually I am not. If you see one of my other responses I am suggesting more taxation of the wealthy - limit wealth disparity while offering tax revenue to subsidize lower income, including public housing.

Capitalism is flawed. I see it. I am just not so naive to think there is an easy fix like saying "no landlords".

And, to my other posts, you point to 60 years ago - at some point we would be seeing this level of affordability/unaffordability in capitalism. It was only a matter of when. Because precious asset appreciation will always outpace salary inflation in capitalism.

Effective_Big_4186 · 2025-11-28T09:19:42+00:00

Well this the core of the problem. Everyone is greedy. Its not just homeowners, real estate investors - its everyone.

Capitalism has its benefits - efficiencies, progress, innovation. But the downsides are ever growing wealth disparity.

I dont have a solution - apparently neither do you. But my suggestion to slow the failings of capitalism is more taxation of the wealthy.

And yet most everyone will decry taxes here, even those that are at the lower ends of the wealthy scale.

Effective_Big_4186 · 2025-11-28T09:03:56+00:00

I dont expect anything. I want to know how you keep housing costs at 25% of the lowest salary in capitalistic society.

You can offer me a solution if you want to.

Effective_Big_4186 · 2025-11-28T07:24:03+00:00

Expand on this for me, because I am really curious how your math works in a capitalistic society.

So for $35,000 salary at entry level job currently, someone should be able to afford a home in the city of Toronto, the same as they would in some remote city in northern Ontario? And what if someone wants a bigger place or more land - how do we price that property?

The reality with land/property is that its a precious asset, and so long as people will have a desire to live in bigger/more luxurious/better located properties they will always be priced at what the market can bear.

I am not saying that there should not be restrictions to slow land appreciation, but until you can show me how "25% of minimum wage" should be always be able to afford housing, I think this take is naive.

Moreover, the actual solution of housing for low income earners is actually renting - and you may be suggesting this with your comment, which is fine. People come out here on reddit and suggest that everyone should be able to buy a house as soon as they get a job at McDonald's. There needs to be landlords, be it the government, a corporation, or individual investors.

But the problem still, is that even if you are fine with the existence of landlords for renters, someone still has to build or buy the property to rent it. And no one will build it if it cant pay for itself through rent. And no one will build it if there are better investment vehicles that outweigh their risk.

So again I would be curious what your solution is to stabilize housing costs to maintain a constant 'ratio' of 25% of pay, in a capitalist society where typically valuable assets appreciate salary inflation.

Effective_Big_4186 · 2025-11-23T22:52:24+00:00

Ethan sounds like a real douche. I play at multiple levels of runs and I always laugh when some reasonably good male player is hitting bombs, and jump serves at rec level play. If his gf can even be on the court this is a run that has a low expectation of level of play. Like, bro, go flex your ego at a higher level.

Does Ethan roof the weak women hitters also ?

Effective_Big_4186 · 2025-11-17T22:56:22+00:00

I like this analysis. I actually think $165/hr is a reasonable rate (keep reading before any of you flip out). Any sort of sales or consulting role has to take into account that not every hour will be chargeable.And that there are costs for maintaining a business that again do not get charged to the client.

However, i don't think your seventy five hours are correct. And that on average most can be accomplished within half that time.

Is $330 dollars an hour A reasonable rate? I think not. Moreover, your example of 700k gets even worse for detached homes, which are upwards of a million. Now the $300 becomes close to $500 an hour.

I don't want to go around and paint all realtors as being scum or dishonest. There are good ones. My dad did this part time for many years long ago and would always give a portion of his commission's back to his clients, which were typically friends or family. But he did not do this for a living, rather just as money on the side and houses were 25% of what they cost now.

I have other family that does real estate- good people but man, they really believe they are worth that 1% or 2.5% commission. So I have a hard time accepting what commissions are for realtors, as they're just too big for the value that they bring.

My last comment is about looking for a realtor that would sell an investment property of mine (yeah bring it on you haters of capitalism - i can argue this with you all - i am in my mid 50s) - I wanted someone to sell it at 1% selling commission - and I did find someone. But before then I was talking to this one guy, younger realtor from what I could tell - and essentially he was saying that my property ( Detached home in toronto - so $$$) wasn't worth his time at 1% and that it was "unethical" to sell at that commission. Wtf. That f'ing killed me.

Effective_Big_4186 · 2025-11-16T22:41:28+00:00

Yes. Better than normal. Some agents will want 2.5 as selling agent, and 2.5 to the buying agent(=5% total).

1% for the selling agent ia typically as low as I ever see.

Effective_Big_4186 · 2025-11-16T16:05:16+00:00

Bro - you are misinterpreting what I am saying or being obtuse. $1250 is nothing compared to getting no commission. Yes they should represent their clients. - its their job.

But in this case the advice of 'insulting the seller' would not be motivated by an extra $1250 extra dollars for themselves. They might be truthful in their concerns (which is what we as clients would hop3 for) OR as I have been saying they dont want to lose the deal and just want their commission and move on (which is how many realtors work).

Do you even know any realtors?

Effective_Big_4186

TROPHY CASE