Originally Posted by achiam (Post 6228198)

Really?? How could I even begin to mortgage a house in Shaughnessy or West Vancouver, have two or three kids, and travel annually?
If you think about it, there are LOTS of people who live in the West Side or North Shore. $200K clearly isn't enough to support that sort of lifestyle, let alone take family trips....
I'm not saying that $200K is bad, in fact its outstanding. But the reality is there are oodles of people who earn far more than that, even in Vancouver.

Another thing overlooked is malpractice lawsuits. I worked with and personally know one of the Eye Specialists listed, and he raked in $1.3M on that list. What you don't see though, is being sued by companies and such. The specialist I know was sued $10M CAD by a biotech pharma company after he reported that their product was flawed and carried risks. Not only was he sued and had to pay out of his own pocket to defend himself, he even had break-ins where the thieves mysteriously left everything in his house but went only to his study and searched his papers! Anyways, on a tangent.

Originally Posted by AJL (Post 6226695)

i am surprised that only 20 or so of those doctors have broken the million mark

Originally Posted by static (Post 6227304)

Then deduct 55% for tax....

Originally Posted by hayai (Post 6226627)

From quick scanning of the salary :eek: some doctors get up to 1.5million! I realize some doctors specialize in their field but, why is there such a large gap between a lot of the doctors salary?

Originally Posted by tool001 (Post 6228846)

umm no, they dont need to pay taxes on expenses, they are a write off.




some of them dont work full time, lots of them work only part time, some work for CBI physio type of places. so they pay lots of fees, some have thr own practice...... pluz some are specialist, some general prac.

plus dont forget dr. have to pay tons of insurance fees, as they have lots of liability.

and of course, many dr scam the gov. overbilling, etc etc..

that been said, dentist on general have more liquid cash and then pharmacist.

Originally Posted by Honyoung (Post 6228744)

cant fine mine *shrugs
do these include family doctors?

Originally Posted by Ferra (Post 6227647)

If money is what you after, don't' be a fucking doctor!

Most doctors make well over $200,000 a year if they work full time or even just 20 hours a week. The low #s are probably from those who are doing something else or bills the hospital/patient directly instead of the government.

Am I the only one here who think $200-$400K+ earning is too much for an average doctor? Yea, they had to go to school for a long time and deserve earning enough to give them a comfortable lifestyle. But isn't being a doctor about helping other instead of making money?
I dont' know how most people spend their money, but I think $100K-$200K a year is already more than enough to support a very comfortable lifestyle

Originally Posted by Ferra (Post 6228626)

btw, why a person making $200K a year can't afford a house in west van?

Originally Posted by achiam (Post 6229210)

Assume that you live in a NICE HOUSE in West Van, and not the crazy ones that are like, $12M-$15M.
Assume the house is $7 million and you put down the standard 25%.
Assume the $200K is before tax.
After tax, you will get about $130-140K in your pocket.
Assume you are married, and have the standard two children.
Lets say you live very very modestly to save up the 25% down payment, and only use $50,000 to live on, in total, and save $80K cash per year.
The down payment, assuming you inherit nothing from your folks, would be $1.8M in cash. This would take you 22 years to save.

Now assume you DO save up $1.8M and mortgage that waterfront home.
The monthly mortgage payment, assuming 6% as of today, would be $37,000 PER MONTH.
$130K after tax earnings would be eaten up in 3 months, and thats even before feeding your kids or going on vacation or sending them to top tier schools for higher education.

Originally Posted by achiam (Post 6229324)

heh sure buddy! many newer houses in Richmond are already 1-1.5M
you should read mls.ca more

Originally Posted by WilsonSo13 (Post 6229352)

HOLY CRAP my eye doc makes

Demco, Thomas A............................... 1,095,045.35

Originally Posted by Ferra (Post 6229363)

Err...a fast search on MLS for house in west van value between
1mil - 2mil return >168 results
5 mil - 7.5 mil return 16 results
7.5 mil - 10 mil return 3 results

a 5.9 mil home in west van
http://www.realtor.ca/propertyDetail...ertyId=7253598
9953 sqft
6 bedrooms, 6 bathroom
pools, full view

Originally Posted by LongDongSilver (Post 6228888)

Dude the last half of what you said is totally irrelevant, this is pre-tax earnings.

The reason for such a large gap is due to hours put in, whether they are on call, etc.

Others operate clinics and don't receive money from MSP.

Originally Posted by Ferra (Post 6229363)

Err...a fast search on MLS for house in west van value between
1mil - 2mil return >168 results
5 mil - 7.5 mil return 16 results
7.5 mil - 10 mil return 3 results

a 5.9 mil home in west van
http://www.realtor.ca/propertyDetail...ertyId=7253598
9953 sqft
6 bedrooms, 6 bathroom
pools, full view

Originally Posted by Speed2K (Post 6228491)

$1500 a day x 5 days a week x 49 weeks (assuming 3 weeks holiday) = $367,500. He should be able to net more than $60,000. Not being able to manage money, I believe it, that's what financial advisors are for.

Originally Posted by LongDongSilver (Post 6229402)

That being said those who had 8-12 million dollar houses still don;'t have them for sale (if they can afford those houses they are probably intelligent enough to see this downturn coming), so the MLS listings are kind of not giving anyone the whole story.