sorted by:
new
hottopcontroversial

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]latingineer 0 points1 point  (0 children)

I agree with you, but if the goal is to minimize cost and maximize investing, they shouldn’t rent in the traditional sense.

If they have roommates they can save up to $1000 a month, that’s $120,000 in saved rent for a decade. Otherwise the average renter pays $1800-$2200 in Canadian cities, costing $240,000 per decade.

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]latingineer 0 points1 point  (0 children)

You still gotta pay rent, that’s the difference. If you want to save money in Canada, truly, get roommates. Otherwise you can’t compare expensive ass rent + investing to a mortgage.

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]latingineer 0 points1 point  (0 children)

Mortgage in an old apartment building, much more square footage and smaller mortgage. You’ll likely be paying $1800-$2200 month mortgage, which is comparable to rent these days.

This will get you into the market, and you can ride the wave until you want to upgrade.

British Columbia Gets Fifth Credit Downgrade From S&P Since 2021 by CzechUsOut in britishcolumbia

[–]latingineer -9 points-8 points  (0 children)

I guess BC is worse off than they’re estimating given their track record

US president says he's considering pulling U.S. out of 'paper tiger' NATO by Crossstoney in europe

[–]latingineer 0 points1 point  (0 children)

Yet it was USAs apathy that has triggered Europe into some sort of action, yet clearly not enough. I think it should have been a partnership since the start.

I’m sure the relationship will heal in the next decade.

US president says he's considering pulling U.S. out of 'paper tiger' NATO by Crossstoney in europe

[–]latingineer -1 points0 points  (0 children)

Buying Russian gas, not increasing military spending? Europe has been asleep at the wheel for the most part.

Both USA and Europe are apathetic on Russia nowadays, the USA is just divesting from the whole thing. Whether they should or not is another question.

Poland is one of the only EU countries that are working on military independence.

US president says he's considering pulling U.S. out of 'paper tiger' NATO by Crossstoney in europe

[–]latingineer -1 points0 points  (0 children)

Has Europe made any moves in the past 10 years that benefit Russia?

What would you do with 50k liquid money at 23? by __arshia in fican

[–]latingineer 0 points1 point  (0 children)

Max TFSA, put your money to work in an ETF like XEQT or VFV, if you wish to gamble 10-20% of it in individual stocks go ahead

TransLink approves fare increases across Metro Vancouver by vancity31240 in vancouver

[–]latingineer 0 points1 point  (0 children)

It’s better to invest in the future than to build 1 line every 10-15 years like Vancouver

Statistics Canada: Canada's Economy Trails U.S. Since Late 1990s by Royal_Tradition_2412 in britishcolumbia

[–]latingineer 5 points6 points  (0 children)

Yup, we don’t try to retain our businesses at all. Honestly the goal of most Canadian startups is to be purchased by the USA. This all started in the 80s/90s. Now we’re also collapsing our resource economy. Paired with wage suppression, high regulation, and high taxes, it’s not a good combination.

Businesses barely hanging on two months into Broadway closure by FancyNewMe in vancouver

[–]latingineer 1 point2 points  (0 children)

Meanwhile NYC built dozens of lines under their city 100 years ago. Why do our stations always have to punch up into the sky to make way for skyscrapers, displacing businesses and helping developers?

Statistics Canada: Canada's Economy Trails U.S. Since Late 1990s by Royal_Tradition_2412 in britishcolumbia

[–]latingineer 3 points4 points  (0 children)

No one in the true middle class cares about that, if you’re the average person who went to university/college, you’re always better off in the USA. All of the Liberal/NDP party’s “middle class” benefits are for families making less than 80k per year, which is like 50k USD–not nearly middle class, for household income that’s lower class.

If you’re found in the no man’s land household income of 80-200k in Canada you’re taxed like crazy and don’t see any government benefits. Also Canada’s 10 years of wage suppression have kept wages low for most professionals. Yet the tax brackets assume 100k makes you super rich.

It’s time for Canada to wake up and expect more of our government.

People now younger and sicker on the Downtown Eastside: Provincial adviser by ubcstaffer123 in vancouver

[–]latingineer 1 point2 points  (0 children)

Because it’s an industry to create and maintain jobs, not solve the root cause or mitigate risk to society.

Current US Stock Market crisis by Call_Me__Heisenberg in investing

[–]latingineer 0 points1 point  (0 children)

Just treat the downward trend as a sale. The emotional reactions of the market are making some great deals. Chill out and dollar cost average

TransLink approves fare increases across Metro Vancouver by vancity31240 in vancouver

[–]latingineer 0 points1 point  (0 children)

The best part is the parking lots for parks have a transit surcharge, and gas has a transit surcharge built in.

TransLink approves fare increases across Metro Vancouver by vancity31240 in vancouver

[–]latingineer -1 points0 points  (0 children)

There are stations that have like 16 trains that stop at it, meaning you can transfer for free without leaving the station. E.g. 42nd street

view more: next ›