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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
It’s definitely not relative. 15% on a 60k mortgage with a 40k income is a lot less difficult than a 4% mortgage on 600k with 80k income.
Still, good for them for being successful back then with little resources but nothing is close today for someone starting from scratch, or even with a leg up compared to then.
Yeah this is the part the boomers love to leave out. Ok sure, your interest rate was 15-20% but on what amount? lol. Not even close to today's prices to income ratio.
From someone on reddit who did the math, FWIW. Obviously, details can vary with price of home, how much a person makes (single/married/how many kids), how much down, etc. Anyhow, you can create a scenario, plug in numbers and show me how it is so much different today than it was in the 80's.
Average price 1980 of single detached = $180,000, in 2023 = $1,956,000 (looking primarily at the Hotspot of Vancouver)
Interest high 1981 = 19.29%. If entire cost is mortgage, it works out to roughly $2917/mth at 25y amortization. Average family income is 30K, so 12x2917 / 30K = 116% or so going to home
Let's look at 2023. Interest now is 6.04. Lets buy a steal of a property at 1.5M. The payment is now $9701, same amortization. Average family income is 110k. 12x9701 / 110k = 105% of income going to home.
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you can quote me on that
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Originally Posted by bcrdukes
... I told her I understood nothing she said and preferred she speak to me in Cantonese. She called me a racist.
We discovered the entire outlet mall was full of brown people. like literally 90%. All the staff in stores were brown, all the shoppers were brown. Is there some sort of a festival going on that requires them all to shop? ive never seen it like this. Im glad to see people spending money, although it looks like most of them were just walking around and not buying anything, but this was nuts. literally looked like a city in india.
To be fair.. this is what people were saying about Chinese people about 10-15 years ago hahaha
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|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
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Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011
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Quote:
Originally Posted by whitev70r
From someone on reddit who did the math, FWIW. Obviously, details can vary with price of home, how much a person makes (single/married/how many kids), how much down, etc. Anyhow, you can create a scenario, plug in numbers and show me how it is so much different today than it was in the 80's.
Average price 1980 of single detached = $180,000, in 2023 = $1,956,000 (looking primarily at the Hotspot of Vancouver)
Interest high 1981 = 19.29%. If entire cost is mortgage, it works out to roughly $2917/mth at 25y amortization. Average family income is 30K, so 12x2917 / 30K = 116% or so going to home
Let's look at 2023. Interest now is 6.04. Lets buy a steal of a property at 1.5M. The payment is now $9701, same amortization. Average family income is 110k. 12x9701 / 110k = 105% of income going to home.
What relevance does math for a situation that doesn’t exist provide. 100% of your home is mortgage? You can save up to buy that house cash in 8 years lol.
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98 technoviolet M3/2/5
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Originally Posted by boostfever
Westopher is correct.
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Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
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Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
After using bidets in Asia, it took me a while to realize what it was and then I had to Google how it worked. Thought it was a urinal or foot wash at first.
Apparently you sit your bare ass cheeks on it and wash your ass with soap and your hands. Women will sit on it the other way around and wash their vag.
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Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
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Originally Posted by 89blkcivic
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
yeah this shit never made sense to me.
even SE asia has the bum gun although sharing that thing is pretty gross.
proper bidet is the only way for me... even the cheap cold water ones.
911s have gotten so expensive that an AMG GT63 coupe looks like a bargain in comparison.
But the AMG will probably throw a CEL after doing 2 - 3 hot laps, probably because the engine overheated, whereas the squashed beetle will be happy to do this all day long.
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Quote:
Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
After using bidets in Asia, it took me a while to realize what it was and then I had to Google how it worked. Thought it was a urinal or foot wash at first.
Apparently you sit your bare ass cheeks on it and wash your ass with soap and your hands. Women will sit on it the other way around and wash their vag.
You'd think in 2025, we'd have come up with better ergonomics for something like that. It doesn't look even remotely comfortable to sit on / straddle something like that. Not to mention the ice-cold bare porcelain :/.
Also where's the soap and hand towels if that's really what it's for?! Are you trolling me?!
You must be lying. Next time I go to Italy I'm going to use it to brush my teeth.
__________________ Geriatric Motoring Club Member #37
Quote:
Originally Posted by EvoFire
I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea.
You'd think in 2025, we'd have come up with better ergonomics for something like that. It doesn't look even remotely comfortable to sit on / straddle something like that. Not to mention the ice-cold bare porcelain :/.
Also where's the soap and hand towels if that's really what it's for?! Are you trolling me?!
You must be lying. Next time I go to Italy I'm going to use it to brush my teeth.
I have never understood this system. Once you wash, how do you dry yourself off? Is there conveniently a towel there for every guest? Ugh!
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Originally Posted by BIC_BAWS
I'm lactose intolerant.. but fuck me i love a white sauce pizza.. time to order one rn
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Originally Posted by spoon.ek9
can always just go to regular costco for weiner meat :lol
Yeah this is the part the boomers love to leave out. Ok sure, your interest rate was 15-20% but on what amount? lol. Not even close to today's prices to income ratio.
My boomer uncles that are educated in Canada are pretty woke.
Last time I had dinner when they visited, they said they made $28-34K out of graduation in the 80's and by the time they got their MBA's in late 80's, they were making close to mid 100's total comp.
They own law practices / director at AC/WJ or big tech now. Their $500K house in Calgary from 2003 is still around $600K though lol
It's only been in recent years with the huge influx of people from the east and west coast that are driving housing prices up in Calgary so that makes sense.
My boomer uncles that are educated in Canada are pretty woke.
Last time I had dinner when they visited, they said they made $28-34K out of graduation in the 80's and by the time they got their MBA's in late 80's, they were making close to mid 100's total comp.
They own law practices / director at AC/WJ or big tech now. Their $500K house in Calgary from 2003 is still around $600K though lol
Mid 100s total comp = 400-600k?! Or 140-160k? I guess either way that's super crazy for the '80s lol.
__________________ Geriatric Motoring Club Member #37
Quote:
Originally Posted by EvoFire
I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea.
My cousin and his family just came back from a Banff/Canmore trip.
When he got back to Los Angeles, he messaged me, "Holy shit, I want to become Canadian after seeing Banff!"
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Quote:
Originally Posted by BIC_BAWS
I'm lactose intolerant.. but fuck me i love a white sauce pizza.. time to order one rn
Quote:
Originally Posted by spoon.ek9
can always just go to regular costco for weiner meat :lol
But the AMG will probably throw a CEL after doing 2 - 3 hot laps, probably because the engine overheated, whereas the squashed beetle will be happy to do this all day long.
Here's a new AMG GT55 coupe for $157k off the lot - lightly equipped without any requirement to load it up with options to buy it. $157k is where a base 992 starts before you get bent over with options.
I do prefer this heavily equipped GT55 ($193k) though - that colour is a beaut:
My boomer uncles that are educated in Canada are pretty woke.
Last time I had dinner when they visited, they said they made $28-34K out of graduation in the 80's and by the time they got their MBA's in late 80's, they were making close to mid 100's total comp.
They own law practices / director at AC/WJ or big tech now. Their $500K house in Calgary from 2003 is still around $600K though lol
How much was a MBA in the late 80s? I've been looking into this recently, mostly as an excuse to leave Canada but holy shit its expensive LMAO
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
You'd think in 2025, we'd have come up with better ergonomics for something like that. It doesn't look even remotely comfortable to sit on / straddle something like that. Not to mention the ice-cold bare porcelain :/.
Also where's the soap and hand towels if that's really what it's for?! Are you trolling me?!
You must be lying. Next time I go to Italy I'm going to use it to brush my teeth.
There's already a giant toothbrush right there next to it
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
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