Anyone can be a guru during a bull market. It's the downturn that makes the difference.

As I have been saying, right now is a great time to be doing researches. There would be sellers who crash under the pressure and there would be deals to be had.

Of course, I speak much from the commercial side of things. But even in residential, if you are in the market for a place, regardless what you are buying, be it condo to castles, you can stretch the same dollar that you have so much further in a bear market. 15-30% more would be the usual. But it's only going to be for those prepared for it. YVR's RE market is extremely sensitive. As soon as there is good news on the horizon, the market can turn super quickly.

And I don't see too much more time for the bear market. The BoC is running out of ammos unless it starts doing QE on massive scale. Interest rate is back to historical lows (let's not take what happened during covid as something normal) and it doesn't have a lot of rooms assuming the target is at 2%.

My prediction is that we'd go into recession, inflation would dip below target 2% and BoC would start changing its narratives. All this within a year or 2.

^^ I think they are looking at unemployment more, I think it's still 7.1% if not higher, this is really bad cuz ppl who lost their job or fear that they will lose their job won't spend $. Which results in weaker overall economy, then it's a death spiral more people getting laid off cuz economy is shit. They also shot themselves in the foot cuz they can't bring anymore buddy guys in to fake gdp cuz that will also push up unemployment.

Those base numbers are right. The $ in nursing comes from OT/bid shifts. There are widespread nursing shortages right now, so the opportunity to make $$$ is there for nurses that are motivated. From what I hear from the nurses I work with, there's plenty of opportunity to pick up work to get into the $120K-$150K range; for someone in their early 30's that's quite good.

Also worth noting is the excellent municipal pension benefit. While it scrapes ~8% off each paycheque, that's basically retirement savings taken care of.

The spread with nursing can be really broad. Some departments have ZERO OT because they don't need it. Friend's sister is a nurse, I asked her about it recently and she said she changed departments and there's barely any OT for her because her ward doesn't need it. She said she right around 100k right now vs regularly making 130+ a few years ago.

But she's got her head screwed on properly, she's saved enough for a downpayment is is currently paying off the mortgage for her own 1bd + den by herself. Planning to get married in the next year.

x

The big bucks for nursing is becoming a nurse practitioner no? But you gotta get a masters for it I believe

NP is a whole different job really. You are like a jr. GP at that point. There aren’t a lot of positions yet, but realistically that would be a MAJOR solution to our GP shortages.

A number of the moms at my kids school are nurses and I've noticed that they work part-time - they work 2 days and then will pick up a 3rd shift (sometimes a 4th) as needed. They basically work the same 2 days each week for the predictability then depending on schedule pick up more shifts. One will always pick up a weekend shift when dad can handle the kids.

Many are thrilled to get a regular Nurse Practitioner as trying to get a family doctor is next to impossible.

While condo prices (and some SFH prices) are down there still seems to be good movement in the duplex range (1.5m-2.5m). About 65 or so sold in the last 90 days.

Here's a 1900sf 3 year old duplex by Main/18th that went for $2.5m:

https://www.zealty.ca/mls-R3028606/2...-Vancouver-BC/

https://dvvjkgh94f2v6.cloudfront.net.../83dcefb7.jpeg

2.5 for this little shit ?!?!? My god.

She did buy a Labubu, I was disgusted :lol

Delete

It's coded

I 69

I you love

:drunk:

They should be for sure. An NP is as useful as a GP and maybe 3/5ths the cost. They should be everywhere.

does she have a closet full of designer shit? or a coke habit!?

Is MC Hammer her financial advisor?

Honest question. You never asked??

Fuck man, as soon as I saw this I was like "ahhh shit now Hehe's going to post an essay about how rich he is and how easy you can do it too"

BIC eatin that up too, PM'ing hehe asking where to sign up for the Level 2 course

40k in CC debt. Half of it is probably in accumulated interest at 22%.

$169k salary... no car, no home, no kids, and $40k in CC debt

Either there's even more debt somewhere else, she has even crazier spending habit than you know, she has zero financial literacy, or there's something else going on in life.

I'm family medicine trained (but not practicing as a family doc... so I'm part of the issue I guess). I have absolutely seen excellent NPs I would trust my family & friends' care with without hesitation. I work alongside NPs in my practice settings and they fill an important (and massive) gap in our system. I obviously think that having a competent NP is far better than not having a family doctor at all.

However there are some implications that are yet to be understood. One example is that anecdotally and very generally speaking, many of my colleagues have the sense that some NPs have a lower threshold to refer (i.e. to specialists) and/or investigate (e.g. blood tests, CT scans, MRIs) that a family physician may have worked up/managed without. While patients may like that, this is not always something that improves outcomes (and in some case, can lead to bad outcomes, e.g. with inappropriate investigations) and there is a health system cost to that. There are other differences I won't go into as well, e.g. remuneration model, liability, etc.

Again, big asterisk as there are both excellent and less excellent family docs and NPs on both sides.

Same thoughts, that's wild... Does she not have any savings either?