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#8214003 - 05/17/15 11:07 AM House poor
Big Tasty Offline
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Registered: 02/10/02
Posts: 19622
Loc: Toronto
Ya I hear it all the time but it's usually a bit tongue and cheek but these guys are just rediculous. $747k in 2011 is crazy money, I understand getting your live and die house sooner than later but not at the sake of being eyes deep in debt.

http://www.theglobeandmail.com/globe-inv...&service=mobile


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#8214010 - 05/17/15 11:20 AM Re: House poor [Re: Big Tasty]
SW20_MR2 Offline
Post Master Sr


Registered: 08/27/01
Posts: 5282
Loc: Markham, Ontario, Canada
Bunch of idiots.
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1991 MR2 Turbo aka "The Myth"...does it really exist?
2006 Mazda3 Sport aka "Reality"...it really does exist...

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#8214012 - 05/17/15 11:21 AM Re: House poor [Re: Big Tasty]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44790
Dumb fucks

Even more so to air their dirty laundry out like this

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#8214017 - 05/17/15 11:27 AM Re: House poor [Re: Risky Business]
loudsubz Offline
Post Master Supreme


Registered: 08/16/01
Posts: 11333
Loc: Ontario, Canada
Idiots

Putting wants before needs...

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#8214026 - 05/17/15 11:46 AM Re: House poor [Re: loudsubz]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
They are living WELL beyond their means and yep, stupidity status confirmed there.
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#8214037 - 05/17/15 11:55 AM Re: House poor [Re: c2k]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
Hahaha wtf!!!

'bought' a house they couldn't even afford to begin with and these 2 idiots work in the finance industry. Oh the irony!!!
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8214058 - 05/17/15 12:48 PM Re: House poor [Re: Hatorade]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
Fuck you guys. They deserve it.
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#8214082 - 05/17/15 01:55 PM Re: House poor [Re: Euphoricuck]
Screamin Type ARGH! Offline
High Value Poster
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Registered: 02/20/01
Posts: 47668
Loc: T.O. - Canaduh
#homefail
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#8214112 - 05/17/15 02:51 PM Re: House poor [Re: Screamin Type ARGH!]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31955
Loc: Toronto, Canada
i get the idea that this series is meant to show how we (canadians) are heavily relying on debt but this story was just dumb as fuck.

how about i go get myself a M6 Grand Coupe and a Suite in the Four Seasons and they'll do a feature on how i'm broke.

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#8214116 - 05/17/15 03:01 PM Re: House poor [Re: TheRealCSnapper]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
Sad thing is this is more common than most would like to admit. Fake it till ya make it amirite
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#8214121 - 05/17/15 03:14 PM Re: House poor [Re: Euphoricuck]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106943
Loc: Barrie, Ont,
 Originally Posted By: Euphoric
Sad thing is this is more common than most would like to admit. Fake it till ya make it amirite


Fuck people that are trying to impress anyone else. Retards.

#soontobeslumlord
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The GN would OWN you, your children and your children's children.
'09 E90 335d

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#8214155 - 05/17/15 04:29 PM Re: House poor [Re: LNXGUY]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 29150
Loc: Toronto
Time to break that rrsp to pay down that debt outside of the mortgage
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#8214176 - 05/17/15 05:07 PM Re: House poor [Re: LNXGUY]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
Easy to say living in barrie. What are plebs supposed to do in the gta ?
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#8214225 - 05/17/15 06:11 PM Re: House poor [Re: Euphoricuck]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Euphoric
Easy to say living in barrie. What are plebs supposed to do in the gta ?


Says the renter.
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Who cares

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#8214250 - 05/17/15 07:13 PM Re: House poor [Re: c2k]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
There are people in the same situation without owning a house or anything. Not sure any of this is about status. It's probably more about stupid.
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#8214256 - 05/17/15 07:21 PM Re: House poor [Re: 4age]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
 Originally Posted By: 4age
There are people in the same situation without owning a house or anything. Not sure any of this is about status. It's probably more about stupid.


Yep this article was all sorts of stupid.
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8214267 - 05/17/15 07:36 PM Re: House poor [Re: Euphoricuck]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106943
Loc: Barrie, Ont,
 Originally Posted By: Euphoric
Easy to say living in barrie. What are plebs supposed to do in the gta ?


Move
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

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#8214274 - 05/17/15 07:49 PM Re: House poor [Re: c2k]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: c2k
 Originally Posted By: Euphoric
Easy to say living in barrie. What are plebs supposed to do in the gta ?


Says the renter.
exactly you dumbass
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#8214288 - 05/17/15 08:09 PM Re: House poor [Re: Euphoricuck]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Euphoric
 Originally Posted By: c2k
 Originally Posted By: Euphoric
Easy to say living in barrie. What are plebs supposed to do in the gta ?


Says the renter.
exactly you dumbass


Nah, you're the dumbass for missing the train. A lot of us got on the train a long time ago while you were too busy harping the housing market was too expensive THEN. How's that working out for ya?
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#8214331 - 05/17/15 08:54 PM Re: House poor [Re: c2k]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
What's it like being a complete retard ?
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#8214377 - 05/17/15 10:04 PM Re: House poor [Re: c2k]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
 Originally Posted By: c2k
 Originally Posted By: Euphoric
 Originally Posted By: c2k
 Originally Posted By: Euphoric
Easy to say living in barrie. What are plebs supposed to do in the gta ?


Says the renter.
exactly you dumbass


Nah, you're the dumbass for missing the train. A lot of us got on the train a long time ago while you were too busy harping the housing market was too expensive THEN. How's that working out for ya?



 Originally Posted By: Euphoric
What's it like being a complete retard ?


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#8214449 - 05/18/15 12:42 AM Re: House poor [Re: Choco 'Nuck]
iamfob Offline
Post Master Supreme


Registered: 09/06/02
Posts: 24697
Loc: Out There
The couple bought a 4 bedrooms single detached house in 2011 for $747K as a starter house? Ya lol okay don't bitch and complain to the newspaper, you did it to yourself.
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#8214457 - 05/18/15 01:01 AM Re: House poor [Re: iamfob]
SiZ Offline
Post Master Sr


Registered: 09/15/00
Posts: 8774
Loc: Longdon, Ontario
I think if you think "owning" a house is still a good "investment", you're out to fucking lunch.
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#8214460 - 05/18/15 01:10 AM Re: House poor [Re: SiZ]
4age Offline
XD XD XD XD
Post Master Sr


Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
 Originally Posted By: SiZ
I think if you think "owning" a house is still a good "investment", you're out to fucking lunch.


I dunno about that. Who here actually buys homes and flips them? I know a few ppl who do and it hasn't been a problem. Location counts bra. And u said house, not condo. So if we are talking houses, I beg to differ. What's better? Rrsp? Returns are not the same,nor is it recession proof.
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#8214496 - 05/18/15 06:09 AM Re: House poor [Re: Euphoricuck]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Euphoric
What's it like being a complete retard ?


me? I'd have no idea, but why don't you tell us? you are a living example. Go preach on as usual.
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Who cares

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#8214497 - 05/18/15 06:10 AM Re: House poor [Re: SiZ]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: SiZ
I think if you think "owning" a house is still a good "investment", you're out to fucking lunch.


If you are in a GREAT location, then cash is king.
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Who cares

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#8214513 - 05/18/15 06:56 AM Re: House poor [Re: SiZ]
loudsubz Offline
Post Master Supreme


Registered: 08/16/01
Posts: 11333
Loc: Ontario, Canada
 Originally Posted By: SiZ
I think if you think "owning" a house is still a good "investment", you're out to fucking lunch.


tell that to a colleague who is on his 4th home now and has made money all along the way.

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#8214559 - 05/18/15 08:21 AM Re: House poor [Re: loudsubz]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
 Originally Posted By: loudsubz
 Originally Posted By: SiZ
I think if you think "owning" a house is still a good "investment", you're out to fucking lunch.


tell that to a colleague who is on his 4th home now and has made money all along the way.


+1

It's all about location.
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8214572 - 05/18/15 08:31 AM Re: House poor [Re: iamfob]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9484
Loc: Toronto, ON
They had a townhouse as a starter ... UPDATE: oh shiet... they STILL HAVE it.

 Quote:
If that doesn’t sound stressful enough, they also had yet to sell their starter townhouse.


Each bedroom also has their own ensuite

That backyard \:o

 Originally Posted By: iamfob
The couple bought a 4 bedrooms single detached house in 2011 for $747K as a starter house? Ya lol okay don't bitch and complain to the newspaper, you did it to yourself.


Edited by furball (05/18/15 10:51 AM)

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#8214741 - 05/18/15 10:46 AM Re: House poor [Re: furball]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44790
People are out to lunch, dat image, dat life, dat car payment, dat new restaurant, dat new Apple product, l'el

Like it was mentioned before a ton of people are living like that, a lot more than people think and a lot that would never admit it. Fuck all of them if you can't make basic prioritizing decisions.

I like how the couple in the article has not even once considered downsizing lol

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#8214746 - 05/18/15 10:50 AM Re: House poor [Re: Hatorade]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9484
Loc: Toronto, ON
Just cuz you're in the 'finance industry' doesn't mean you know much about finances, nor does it mean you're good at it...

via LI:

Sandhya B. - ‎Account Manager - Condo Specialist at Atrens Counsel Insurance Brokers @ $73k/yr
Vicky B. - Sr Super at Citi Hedge Fund Services @ $55k/yr


 Originally Posted By: Hatorade
'bought' a house they couldn't even afford to begin with and these 2 idiots work in the finance industry. Oh the irony!!!


Edited by furball (05/18/15 10:53 AM)

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#8215292 - 05/18/15 05:50 PM Re: House poor [Re: Risky Business]
Simon_the_Pieman Offline
Post Master Sr


Registered: 08/13/01
Posts: 9462
Loc: The A
 Originally Posted By: Risky Business
People are out to lunch, dat image, dat life, dat car payment, dat new restaurant, dat new Apple product, l'el

Like it was mentioned before a ton of people are living like that, a lot more than people think and a lot that would never admit it. Fuck all of them if you can't make basic prioritizing decisions.

I like how the couple in the article has not even once considered downsizing lol


i hope these people fix things before the kid suffers too much.
_________________________
"I'd love it if we did it... but I guess I'm a big skeptic on Canadians because so many are retarded as fuck." - 355-Si, 2020

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#8215326 - 05/18/15 06:27 PM Re: House poor [Re: Risky Business]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
 Originally Posted By: Risky Business
People are out to lunch, dat image, dat life, dat car payment, dat new restaurant, dat new Apple product, l'el

Like it was mentioned before a ton of people are living like that, a lot more than people think and a lot that would never admit it. Fuck all of them if you can't make basic prioritizing decisions.

I like how the couple in the article has not even once considered downsizing lol


Bro no need to downsize when you can use a pensioners money!!!

BRB going to ask dad to use his pension
_________________________

'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

Top
#8215739 - 05/19/15 04:25 AM Re: House poor [Re: Hatorade]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
Failed bootstrap attempt?
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#8215900 - 05/19/15 08:42 AM Re: House poor [Re: Choco 'Nuck]
A2B-Lexus Offline
Post Master Supreme


Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
I didn't read the rest of the article, did see above that they haven't sold yet. Just sell and downsize. Since they bought in 2011, probably more than enough profit to be living comfortably in a semi or townhouse.
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