i need your guy, usually 2hr min = $150 just to show isn't it?

i entered tech at the wrong time right before the recession, as an entry level sw engineer i was doing $30k/year :lawl:






:okay:

I would argue that the statistic which somewhat supports how households can afford our skyrocketing housing costs, particularly for ground-oriented homes, is median household after-tax income for households with children:

https://www150.statcan.gc.ca/n1/dail...10323a-eng.htm

~$105K after tax in 2019. (For the record, our household was above the median in 2019).

As the results of the 2021 census are gradually released over the coming months, we will see increases to this figure based on elder millennials and gen-Xers moving into senior leadership roles abandoned by baby boomers over the past 3 years.

I do consulting at a property management brokerage as a side gig. Our plumbers that we call there are super young and have their own business. This dude contracts his work for like $20 - 30/hr to apprentices. Bills us about $150 per 15 min to 1 hour job lol. We average 4 to 8 jobs a month with us per month. He seems to have built a good relationship with many property managers because he bought a detached house recently in Maple Ridge at like 28.

:lol funny you say that.

I feel the exact same way driving through Kamloops, that city is UGLY as FUCK. Very depressing layout.

Although the homes along the river leaving town are quite nice.

Most trades you need your own company to survive these days unless you're a 1 off specialist in your industry.

Agreed, or at least a side hustle.

I estimate commercial but I can make decent money estimating on the side, I just have to be careful I don't look at anything that the company I work for is looking at because of conflict of interest. I usually work for contractors in other Provinces when I do it but not always, that said I'm totally upfront with the company I work for about doing it although not really sure I have an obligation to tell them.

My colleagues son is an electrician and gets $80k a year salary + overtime sometimes and he said his son is loving it. Hey bought a one bedroom condo last year and is doing his thing. edit; son is 35

The great thing about trades is the barrier of entry is relatively low and the pay is relatively good. If you make the right decisions you can do relatively well.

I also believe it comes down to spending habits of an individual, if they truly want to get into the housing market. Back then our parents generation didn't have internet, or all the fancy toys around compared to nowadays. Now people are exposed to new shit all the time and there are urges to buy it or go out to eat/travel etc. My cousins, they all spending their money on luxury shit trying to flex like they have "made it successfully", but they got zero savings because they living paycheck to paycheck.

funny you should mention that, back when i did estimating i always wondered if there was a way to parlay that on the side but couldn't figure a way to. that's cool to hear that you were able to. i figure it would have been easier to CAD stuff on the side, which i also never ended up doing :lol

you can make great money in trades, especially if you take leadership roles, and/or transition to the office.

^ Dis

My parents made do with AC as only option minivan. Here I am spending money on a M3. I'd probably own another condo if I didn't buy a M3 and a X3 for the babymobile.

I’d rather have 1 condo and an m3 than 2 condos and a tercel.

Well it's house + M3 now or I guess the alternative would be house + condo + WRX? I mean it's hardly a poor life.

Only on RS do you get a real estate thread where people are playing what if over whether their taste in new cars might have prevented a second home investment or not. Travesty!

When I was still in autobody I was hitting $100k bonus included on flat rate time. Ended up taking a paycut to $80k then raise to $90k for a closer shop. Great points on making right choices as not all trades people would make that.

On the flip side I worked with a red seal electrician who ran a 6 person crew for an electrical company we used for townhomes.

The guy had 3 kids in a 2 bedroom apartment and he came to me one day “damn man..I gotta find sonthing where I make more than $25 an hour”

Lol the fucking guy was like #2 in the entire company and he made peanuts. It’s really about finding the right situation

You'd be surprised on the amount of people who don't. I had a coworker who drove from Chilliwack to Vancouver Cambie area for work everyday. That's easily 2.5 hours of driving time a day on apprentice wages. I've also heard about the company taking jobs in Squamish when most employees live in Surrey/Langley area lol.

For me though, I'd rather live comfortably in a nicer 2 bed 2 bath condo with reasonable monthly payment and a meh car versus living paycheck to paycheck with a fancy house and car. The amount stress is just insane doing paycheck to paycheck...

A $25/hr foreman means the 1st years are making minimum wage. Plenty of other EC's out there looking to hire useful workers.

On the topic of $150-250 callouts for 15 mins of work, travel to/from is probably included in the cost.

This girl I know who works in a construction office as admin has a $800 car payment... I honestly don't even know how she can afford that. I mean, at the MOST she makes $20/hour, and I think she makes less than that. It blows my mind.

If my buddy wasn't a mechanic I would think 100k is NOT possible. I couldn't believe being a mechanic could be that lucrative. He said the reason why he made over $100k is because he could work fast. So if job was slotted for two hours, if he did it in one hour he would still get paid for the full two, and then he could pick up another job and repeat.

He was making $100k when he was 25. blew my mind.

Yeah that's flat rate work. But one would have to be good enough to not screw up constantly. Down side is when it's slow you're not making anything. I didn't make $100k till after I was 30 so good on your buddy to get to that point at 25. But it takes a toll on the hands and body. Constant standing and moving. I was also working 10-12 hr days mon-fri sometimes weekends as well. But I also had an E-Commerce site which was side hustle money that helped my NOA. Easy when I was single but now with a kid I can't be gone 12 hours a day anymore.

I went to 4 open houses this weekend and wouldn't be surprised if I saw some RS'ers there since we're all around the same age. Anyway, I am appalled by the quality of the places that are going for 2M+ Most people will definitely need to budget 300k+ on top of that to make some of the places minimally livable.

Lol, I just realized that this thread is nearly 10 years old.

Started Oct 3 2012.

Post #1 by diesel_test: "Is it a prediction that you guys think it's gonna bubble?"

Post #3 by 604STIG: "I've been hearing about a "market correction" for the past 10 years."

So on point.

Where is 4444 these days?

Isn't that just typical RS? The Lunar new year thread became the wipe your ass thread

Living paycheck to paycheck and carrying lots of debt is normal for a lot of people now sadly. Lots of people out there looking like they rich and trying to portray a fake image to impress people