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Old 10-06-2013, 02:05 PM   #126
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Originally Posted by Tapioca View Post
If you and your partner make 70K each with full benefits and RRSP plans, then 140K is a pretty decent amount to live a middle-class life even in an expensive city like Vancouver. You may be renters though.
140k household income with dual benefits and renting?
may be in the first few years
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Old 10-06-2013, 05:01 PM   #127
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Originally Posted by jasonturbo View Post
I don't care what anyone says, 70k salary sucks, it was acceptable compensation 15 years ago - before housing prices went to the moon.
70k a person is still way above the national average of 38k. It all depends on where you live, how much food costs, etc, etc. I wouldn't want to live in Vancouver on a 70k salary, it doesn't leave you much for everything else.

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I see it first hand, kids driving around in massive jacked up trucks. They aren't the brightest bulbs in the box, but because they can weld two pieces of metal together they earn 150k/year. Meanwhile you have some engineers, doctors etc in Vancouver who are lucky to make that much. You think that's fair? In any case, I'm glad for the oil sector, it keeps a lot of these kids off welfare and gives them a job. The salaries, IMO, are overly inflated but that's the way it is. For now.
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Old 10-06-2013, 06:04 PM   #128
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Originally Posted by twitchyzero View Post
140k household income with dual benefits and renting?
may be in the first few years
Not everyone wants to piss their money away on a 550 sq. ft shoe box for $600k.

Nothing wrong with renting....more people should do it.
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Old 10-07-2013, 01:49 PM   #129
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Originally Posted by twitchyzero View Post
140k household income with dual benefits and renting?
may be in the first few years
Net income for two is probably around 7200/month. Renting a townhouse in an inner suburb probably costs around 2000-2500/month. The couple will have around 4500 to feed themselves (500 per person), pay off exising debts (perhaps 1 may have an MBA or something), investments (10%), insuring and maintaining 2 cars (1000 per month), and for other miscellaneous expenses. If the couple has kids, kids will take up the remainder of the miscellaneous expenses.
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Old 10-12-2013, 03:03 PM   #130
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