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Traum 09-05-2023 08:09 PM

Quote:

Originally Posted by 6793026 (Post 9108304)
Oh, many posts above regarding Living at home = saving.. that's total BS.
I know some people who lived at home until they were 35-40, did ANYONE of them saved up 120K rent free NO....

The extra spending money from jumping to job were went on uber eats, nicer hand bags and fancy cars... No one ever saves bling living at home, the money just became more depositable income.

Come on, man... While a good chunk of the the money I saved from living at home "rent-free" did go to bikes, cars, chicks, and fancy dine outs, there was something left for other more meaningful purposes... :badpokerface:

Gerbs 09-05-2023 09:41 PM

At the end of the day, money is the tool to buy experiences, so I guess the benefit of making it to 35 - 40 with no money is that you probably have a lot of good memories to remember everyday.

radeonboy 09-06-2023 12:10 AM

Isn't it kind of selection bias though where only the lazy kids stick out like a sore thumb? There are plenty of kids born post-2000s pulling good money working in tech jobs or working their way towards a professional designation with good pay.

I wouldn't write off an entire generation based off of a few spoiled apples. I can count a few examples of post-2000s kids that are lazy AF, but I know just as many if not more that are doing better than OK.

Badhobz 09-06-2023 05:23 AM

Could be true. Though I’ve only met the bad ones and they seem to outnumber the good ones by 10:1.

Lousy friggin interns. This one kid wanted to celebrate this thing called Christmas. Ever heard of it ? Basically he wanted the 24th, 25th and 26th off. I’m like you get the 25th and 26th but the 24th is a work day. Bah humbug.

I worked him till 6pm on the 24th doing tedious spreadsheet stuff. He cried to his fellow peons that he missed Xmas eve dinner. Trololololo I hope little Timmy dies

yray 09-06-2023 06:47 AM

I'm suprised he didn't say fuck this shit.

who would work xmas for a below min wage internship while the boss gets paid triple ot.

hud 91gt 09-06-2023 07:26 AM

I had a lot more fun experiences in my 1 bedroom apartment, then moms basement.

Gerbs 09-06-2023 08:43 AM

Quote:

Originally Posted by radeonboy (Post 9108321)
Isn't it kind of selection bias though where only the lazy kids stick out like a sore thumb? There are plenty of kids born post-2000s pulling good money working in tech jobs or working their way towards a professional designation with good pay.

I'm on the bias side where I only see kids that do well because they are the ones hosting house parties, living downtown, going to bars and restaurants a few times a week, golfing, skii / interior trips, off-roading, playing weekly drop in sports, track days, travelling, able to afford concert tickets including $400 - 800 drake / F1 / t swizzle tickets!

Majority that moved here are doing really well because you can't move here otherwise. The few smart apples that took advantage of that savings I listed above used their $150 - 300K to start a small businesses and they moved their family from middle to upper class.

The think the most common comments I hear are "If we had our current wages in our 20's pre 2015 we'd be set".

We can't really common on Gen Z as they're mostly early 20's, nobody makes good money early 20's unless you got that YT money.

Quote:

Originally Posted by yray (Post 9108331)
I'm suprised he didn't say fuck this shit.

who would work xmas for a below min wage internship while the boss gets paid triple ot.

Intern probably drove home in his clapped out 2015+ IS250. It's hard for balling gen z's struggling with min wage when they already have the luxuries of something that's 2-3x their wage.

Badhobz 09-06-2023 08:47 AM

Quote:

Originally Posted by yray (Post 9108331)
I'm suprised he didn't say fuck this shit.

who would work xmas for a below min wage internship while the boss gets paid triple ot.

min wage!? hes a fucking intern, he's only there for job experience hahahah. FeelsGoodMan

EvoFire 09-06-2023 10:36 AM

Quote:

Originally Posted by Badhobz (Post 9108325)
Could be true. Though I’ve only met the bad ones and they seem to outnumber the good ones by 10:1.

Lousy friggin interns. This one kid wanted to celebrate this thing called Christmas. Ever heard of it ? Basically he wanted the 24th, 25th and 26th off. I’m like you get the 25th and 26th but the 24th is a work day. Bah humbug.

I worked him till 6pm on the 24th doing tedious spreadsheet stuff. He cried to his fellow peons that he missed Xmas eve dinner. Trololololo I hope little Timmy dies

That's a troll on your part, at least let him go at 5pm.

JDMDreams 09-06-2023 10:42 AM

Boom hobz gonna hate this, rate your Intern emerging, developing, proficient and extending :troll::joy:

https://www.google.com/amp/s/globaln...ncy-scale/amp/

But yea kids are gonna turn even more snow flake

GLOW 09-06-2023 11:23 AM

Quote:

Originally Posted by Badhobz (Post 9108343)
min wage!? hes a fucking intern, he's only there for job experience hahahah. FeelsGoodMan

i heard all internships/coop must pay the student, is that true?
i know when i was a student i'd have loved to work for free for experience.

Eff-1 09-06-2023 11:31 AM

Legally anyone who's employed has to be paid at least minimum wage.

The exception is if the internship is part of an school program.

Gerbs 09-06-2023 11:44 AM

Quote:

Originally Posted by Badhobz (Post 9108343)
min wage!? hes a fucking intern, he's only there for job experience hahahah. FeelsGoodMan

I thought interning for free is illegal under BC laws now. Too bad Gen Z'ers don't know that :lawl:

The only loophole are the Coop programs we gotta pay $500 to the school. I think the students gotta pay the Coop program to join too. Good thing I give them a pizza party and a $100 GC as a thank you for 3 months of service.

EvoFire 09-06-2023 12:14 PM

You have to pay for internships, Hootsuite got into some hot water because of that a few years ago.

bcrdukes 09-06-2023 12:18 PM

Wow, where I work, we pay interns/co-ops quite well!

Badhobz 09-06-2023 02:23 PM

I don’t know. I’m not HR, I thought he worked for free.

If we were paying him then I should have held him in OT until he’s finished

donk. 09-06-2023 02:30 PM

Quote:

Originally Posted by bcrdukes (Post 9108383)
Wow, where I work, we pay interns/co-ops quite well!

Intern nurses have entered the chat

Alpine 09-06-2023 03:10 PM

https://forums.redflagdeals.com/vanc...ubble-1194032/

Looks like the average Vancouver RE detached price just hit a new ATH with 5%+ rates lol.

Razor Ramon HG 09-06-2023 03:50 PM

Damn, that dude has been maintaining that thread for the past 11 years

JDMDreams 09-06-2023 03:51 PM

Yea cuz all the buddy guys buying up land to do 6 Plex

donk. 09-06-2023 04:30 PM

Market is going to absolutely skyrocket once rates start dropping

Badhobz 09-06-2023 06:02 PM

Indeed. A lot of pent up demand. Im kinda glad i bought when i did because otherwise we might be hosed waiting for another downturn again.

snowball 09-06-2023 07:33 PM

Quote:

Originally Posted by Razor Ramon HG (Post 9108406)
Damn, that dude has been maintaining that thread for the past 11 years

and this thread was started in the same year lol

6793026 09-06-2023 09:49 PM

How soon will we see rates take a dive. For 2024,
March 6 Interest rate announcement
June 5 Interest rate announcement.
You really think they will come in and drop 1% and then another 1% June 5?
Blown away if they drop 1% entire year for 2024; not even .75
Which mean 2024 will be 4% which is still extremely high.


https://d3fy651gv2fhd3.cloudfront.ne...00&d1=19980913

2000 from 5% to 2 % in 2 yrs - overvalued stock market
2008 from 4.25 down to 0% 2010 - crazy banks over lending

Both of those were crazy events which i don't think will happen in the next 3 yrs

supafamous 09-07-2023 06:07 AM

Quote:

Originally Posted by 6793026 (Post 9108437)
How soon will we see rates take a dive. For 2024,
March 6 Interest rate announcement
June 5 Interest rate announcement.
You really think they will come in and drop 1% and then another 1% June 5?
Blown away if they drop 1% entire year for 2024; not even .75
Which mean 2024 will be 4% which is still extremely high.

I'd guess that we'll see little to no change in 2024 - the messaging from the bank is that they think inflation is pretty persistent and they're gonna fight it till they're sure it's dead which means they're going to be very cautious about lowering rates. In addition, they've been burned a lot lately - they had predicted rates to stay low for a long time (huge error) and then when they did a pause this year they quickly had to backtrack. They've lost a lot of creditability the last couple years so they're gonna play it safe.

I'm hearing stories of people renewing for as high as 6.9% right now with most banks listing their 5 year rates between 5.8-6.4%. Gonna be brutal for some folks (and it's not like it's been good for a while).


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