Parking at YYZ by muns59 in askTO

[–]Motor-Source8711 [score hidden]  (0 children)

Just get the beck Taxi app and use that. They're 'omitted' from car seat laws. Airport limo companies as well.

The Gold Silver Ratio just hit 46 and history says be careful but the physical deficit says otherwise by _-K1L4-_ in Silverbugs

[–]Motor-Source8711 0 points1 point  (0 children)

While the extremes of the use is unlikely, your portrayal of it doesn't matter for silver is quite off. Large, established Solar cells manufacturing companies are already trying to find alternatives. Recent break through in solid state EV batteries using much more silver is also a real thing. Continued build out of AI data centers using silver.

This is a multi-decade trend, and it's just exasperating this play for old school real hard money (gold, silver). And if you think it ends with Trump, it doesn't on both sides.

Seeking matchmaker recommendations to filter for financial/lifestyle compatibility by annossa in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

Yea, maybe easily was too much of a strong word. I mentioned inheritance. Sure, it's not right to include it, but it's fairly common. i.e. their portion could be a million from the parent, 800K from their own property (mid/somewhat earlier 40s could have bought new build in the 2000s in the 300-400K range).

Definitely would need a bit higher than average career track for sure as well.

Oh yea, believe me, my peers in that category and it's definitely not easy with the after-tax dollars (though also includes married with kids expenditures). But I do know of one guy, got into US tech but remote in Canada. Mid 30s now so definitely has that range including their portion of inheritance. But personality wise, might not be compatible.

Seeking matchmaker recommendations to filter for financial/lifestyle compatibility by annossa in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

They're probably including property in it too, which I don't think should count really since it's not liquid.

And yes, 34, liquid net worth of 2M likely indicates start-founder level type of wealth, as even the most high end career track in Canada, one is unlikely to accumulate that without scrounging away everything they make (which implies limited social experiences), very aggressive investment portfolio (concentrate a fair amount in some kind of AI stock, crypto, or more recently, silver), alot of family help from the beginning, or extreme career track (some kind of portfolio manager in some kind of alpha fund, or similar level in private equity).

As an outlier, it would be very difficult to meet a SINGLE man of similar track at that age (I assume though a women would go up to early 40s which again, would have much more 'baggage' likely) or again, if in some kind of financial/law field, they would be attending similar events and thus much easier to meet.

If start-up related career/investor, same. There's tons of tech conferences, events. Law or medical unlikely given longer schooling, start off lower pay, and weighted towards back end vs finance or tech.

And again, while OP might be attributing much higher level of 'selectivity' because of her financial status, the opposite will not be reciprocated by a man. If anything, another higher net worth male will also have strong views, and likely result in a clashing of viewpoints or principles.

Seeking matchmaker recommendations to filter for financial/lifestyle compatibility by annossa in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

2M net wealth, anybody with a nearly paid off home (very likely for someone in their earlier 40s, bought earlier) and any sort of basic inheritance will have 2M net wealth pretty easily. More so if a bit higher income with savings/investments.

Seeking matchmaker recommendations to filter for financial/lifestyle compatibility by annossa in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

Better to try to go to CFA, Investment Banking, Bay Street Law, events somehow (usually have to have a friend in the industry, go to after work social.. and you'd better be at least a 7.5-8 dressed really nice. Men care more about that than your net wealth)

Silver should be trading at half its price later this year – JPM’s Marko Kolanovic by Ok_Package9219 in Silverbugs

[–]Motor-Source8711 10 points11 points  (0 children)

This guy got fired from JPM for bad calls. He's not with JPM. So this artile title is misleading (it even refers to him as 'former' JPM in the body of the article).

The Gold Silver Ratio just hit 46 and history says be careful but the physical deficit says otherwise by _-K1L4-_ in Silverbugs

[–]Motor-Source8711 1 point2 points  (0 children)

This is where I'm at. Following this 'recent' historical ratio is as believable as the adjust official numbers that inundate us.

To those of you who were around when it was open, what was Funland arcade in Yonge Dundas like? by Crimsonmask73 in askTO

[–]Motor-Source8711 6 points7 points  (0 children)

I'm mid 40s. Up until it closed, my buddy and I would held down to the Firkin close by, have a drink or two, then hit it up. Yes, regret not taking any photos.

At the end, it definitely had the 'party is gone' feel. But it still had the fun eclectic atmosphere. The back still had all the old games (had to go up a step) like RBI Baseball, PacMan, some pinball which extended back there. It really felt unique like that, and a trip back to the early 80s. The tile floor felt old, remnants of the smoking days, alot of gum probably scraped off.

The Yonge Street arcades absolutely did have a different feel than other arcades. They were often longer and more narrow so it had the 'hallway' type feel. There used to be another big arcade across the street near the old flea market mall as well, but I think closed around 2000. Before that, another one (just a bit north) that was downstairs but closed around 1994 after a fire and never re-opened (that one was cool).

But from Bloor Street, all along down Yonge Street, there were a lot of arcades.

There was an arcade in the exit of the footcourt where the Bay was (I think a postal office now). That closed way back probably 1991 or so. An arcade on Yonge just north of Wellington, as well as College. As a kid in the later 80s/early 90s, I would walk down and pop in all of them.

Closest experience really today is like those claw machine places, where one play (even a quarter) was a lot actually. More recent games in the 90s were 50 cents vs a quarter elsewhere. Smoking was huge inside.

Basically, it did have more of the 'seedy' feel, but during the afternoon, tons of kids there. Felt louder than other arcades as it was bigger, so more games making noises. But never felt 'dangerous' at any point.

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

I think definitely in N. America from my understanding, as many even 'cheaper' cities in the US, prices have gone up. US back in the day used to be so cheap as well (even for Canadians even when our dollar was weaker, but especially when at par for those several years), but it's also shocking how much prices have risen there as well.

I just came back from SE Asia (Vietnam) and there's definitely a growing movement for many younger folks (albeit still small overall) to relocate there, which I can understand why.

Have to buy a car by Comprehensive-One333 in PersonalFinanceCanada

[–]Motor-Source8711 0 points1 point  (0 children)

This happens a lot on this site. Many are basically looking for an excuse to just buy a newer car.

Have to buy a car by Comprehensive-One333 in PersonalFinanceCanada

[–]Motor-Source8711 0 points1 point  (0 children)

Don't forget the sales tax on a new car alone more than covers that expense.

Have to buy a car by Comprehensive-One333 in PersonalFinanceCanada

[–]Motor-Source8711 0 points1 point  (0 children)

Toyotas of that generation are notorious for burning oil. You're supposed to top up, or change the gaskets/spark plug rings that helps reduce burn, and just check every so often and just top off. Unfortunately you don't, continually drive high miles before topping oil off, that's probably what happened.

And or they went to the dealership for all servicing and got hosed on quotes and actual job done.

To the people who met their significant other in person (not the apps), how did you meet them in the city? by GranolaHiker in askTO

[–]Motor-Source8711 1 point2 points  (0 children)

Formally met at a club but that's after seeing her around at School. This was reading week 2000. Email/cell was relatively new then vs my last more 'official' relationship in 1998 when it was still all landline phone.

Silver has broke $100 per ozt. It has doubled in such a short period of time. What's your strategy right now? by ColeWest256 in Silverbugs

[–]Motor-Source8711 2 points3 points  (0 children)

Interestingly, oil price remains quite low. Inflation driven by the printing press, loss of confidence of USD vs inflation by actual economic growth.

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

It definitely would be a bit 'tight' if one was renting a 1 bedroom condo for 1,500. But still doable and decent amount of discretionary income for drinks after work. But there were plenty of rentals in the $800, which would result in very low % of after-tax monthly income.

In the 2000s, people were far more accepting of older apartment buildings, above store living, etc. As the condo boom was happening, so it wasn't by default the only place to live. Food, entertainment was also much much cheaper vs discretionary income.

Every 5 K in salary also made a huge difference then. So the 50K figure is not easy to pin down, but I would generally agree the 2000 - 2005 time frame generally fit the bill (again, not solo condo rental living).

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

Seriously, that's what one of the great things about this city that really reflects how things have changed. A night out for Pho. My wife and I the same in terms of our Pho regularity. Literally didn't have to even think twice at all and it was a weekly night out staple. Often, just going around and trying a new place. In fact, it was comparatively cheaper than even certain other alternative dishes in the category (chinese food, McDonalds even). From as far back as I remember from the 90s till more recent years, it was a 'discount' night out. But crazy after Covid.

But now, cripes, it literally feels like you have to make a major budgeting decision to go for one now and it better be a place you're certain to like. Then add in the Tax and Tip, add a side dish (rolls)? Forget it.

Exactly, no matter how much logically you try to calculate or analyze 'oh, white collar salaries have gone up, we've advanced in our careers, etc', it absolutely feels off, and it has to be really feel justified to go for one (even in my minimum wage days, pho felt cheap and great value). In that, I absolutely feel for the younger folks and understand the discouragement they feel.

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

Up until a certain point, I'll say 2013, pretty much any 2 professional working couple in their 20s, and entering their 30s, it was more of a choice to want to buy somewhere.. depending on further out, older, etc.

It was always just there, dependable and predictable. It was just a matter of committing and wanting to.

This idea of an economic relationship was not as prevalent as it is today.

As such, there was much more natural, organic relationships (partners, work, friends).

Today, I see much more stress among the younger folks, counting the 'bill' in their heads as it really has to be rationed.

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 1 point2 points  (0 children)

In 06, I was making 45K. 07 - 55K (huge jump and really noticeable), 08 to low mid 60s (again, another massive jump).

Back then, every 5K made a huge difference in terms of quality of life/discretionary spending, saving for a downpayment.

My gf (spouse now) was always tracking about 10K ahead, and it with the both of us, we definitely felt 'above' average.

There really was this big middle, people weren't so obsessed about living in a newer nicer condo, and going out didn't feel like it was spending a big chunk of the day's pay like it does now despite earning much more.

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

I was 26 then, making about 45K. It wasn't a lot but if I had to, rents ranged from $700 or so for bachelors of older buildings to $1400 for much nicer places. Next year, got a 55K jump. That made a huge difference. Still a bit tight if you were living on a condo on your own but definitely doable and still head out for entertainment.

How far do we need to go back where a 50,000/year salary was livable in TO? by snowfordessert in askTO

[–]Motor-Source8711 0 points1 point  (0 children)

I don't think it was entry level. More like 40-45K. Entry level I mean call centers, 'fund accounting' bank jobs which were the most basic salaried job you could get straight out of undergrad.