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Jester13

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Everything posted by Jester13

  1. Jake has been given multiple roles, though, and hasn't taken advantage of any opportunity. At this stage, the only chance he has of it "getting through to him" is if he gets sent to another team. He isn't going to do it here with us.
  2. If only this would blow up and we'd see change. Will cancel culture come to the rescue on this one?
  3. No, buy something where your wasted money is equal or less than renting. Just start and you won't go wrong.
  4. For years we had Luuuuuuuuuuuuuuuuuuuu Now we have... Demkohhhhhhhhhhhhhhhhhhhhhhhhhhhhh (Please, let's make this a thing when we're back to F2F every time he makes a save. We can leave out the Dem and just yell Ohhhh. K, thanks.)
  5. I thought we claimed Vesey, not Fred Savage from Wonder Years?
  6. It'll be easy because we can kill both birds with one stone, since they're basically the same players.
  7. The one saving grace for JV is that he's entering into a team with high character, youth, and mad skill and potential, so if that doesn't motivate him, especially when he'll be given a very good chance to play, then nothing will and he'll be out of the league after this.
  8. I don't think we shall worry about losing IC, as Benning isn't an idiot. If he let's him walk then even I'll be on the fire Benning wagon, and I've been a supporter through thick and thin.
  9. COINING IT... We cheered LUUUUUUUUUUUU for years... Let's now cheer OOOOOOHHHHHHH for Demko
  10. As I've mentioned as a large reason for the prices we're seeing... Opinion: The great generational wealth transfer is under way DARRYL DYCK/The Canadian Press Recent reports on the frenzy in the real estate market have often referenced a somewhat surprising element: Millennials have largely been driving the rush. It’s surprising because it wasn’t long ago millennials were being cast as victims of the wild surge in house prices across the country. Foreign buyers were being blamed for not just the gross spike in prices but also for robbing tens of thousands of young Canadians of their middle-class dreams of home ownership. Today, it would appear it’s millennials, not investors from mainland China, largely responsible for the head-spinning amounts of money being put down on properties. And there is likely a perfect explanation. The great wealth transfer is under way. It’s no secret baby boomers (now between the ages of 57 and 74) are sitting on a pile of money. In the U.S., they are expected to transfer as much as US$30-trillion in wealth to younger generations over the next few decades. While there is no firm consensus on how much boomers are expected to leave behind to others here in Canada, it’s a good bet it will be in the hundreds of billions if not more. The Rennie Marketing Group of Vancouver for some time has been tracking this phenomenon as it relates to real estate holdings. The numbers are truly mind-blowing. In 2006, the total value of real estate in Metro Vancouver that was held mortgage-free was estimated to be $123.8-billion. At the time, just under half (47 per cent) of this value – about $60-billion – was held by those between the ages of 55-74. By 2021, the total value of mortgage-free holdings in Metro Vancouver has more than tripled to $373.3-billion – a 201 per cent increase. The share of that total held by those between 55 to 74 – roughly the baby boomers – increased to more than $205-billion, says Andrew Ramlo, vice president, consulting, for Rennie. The biggest driver of that value gain has been housing; benchmark prices in the region have doubled since 2006. Another element has been demographics and the aging of the region’s residents into the mortgage-free stage of their life cycle. The share of mortgage-free equity held by those 55-74 increased to 55 per cent in 2021, up from only 46 per cent in 2006. Boomers are paying off their home and now have a lot of money to play with. And give away. This likely explains why so many millennials are getting into the market – they are accessing cash from parents who have, in many cases, downsized and realized a significant differential between what they sold their single-family dwelling for and what they paid for their smaller townhome or condo. “One hundred per cent, this has been a major factor in what we are witnessing now,” Mr. Ramlo told me this week. He conjured a theoretical couple in their late 30s who had saved enough to qualify for a $500,000 condo. But then their parents come along with $100,000 to offer them. Now they suddenly have enough for a much more expensive condo without increasing the size of their mortgage. “This is something that is increasingly going to have an impact on prices in the market right across the country,” said Mr. Ramlo. “It will also at least partially explain the disconnect we are seeing between median family income and the value of homes people are buying. That median income doesn’t take into account the pile of cash parents coughed up, tax free.” Some of Canada’s banks have estimated that 50 to 60 per cent of young people applying for mortgages today have received assistance from parents. However, Mr. Ramlo said mortgage brokers he’s talked to suggest the number is much higher, probably closer to 90 per cent. Once upon a time people waited until their parents died before they saw any inheritance. Not any more. Boomers are much more savvy and much less inclined to wait until they are gone, when their wealth can be taxed by the government. “I think once the pandemic ends, and the bills are finally tallied up, governments are going to be looking for ways to pay for it all,” Mr. Ramlo said. “And I think they are going to be looking to tax wealth in some form or another. I think this could provide even more incentive for boomers to part with more of their money now, before the government takes it.” For many boomers, that moment has arrived and the impact is being felt across the country. And it will for years to come.
  11. On social media today it was brought to attention that white people shouldn't be using gifs with black people because it's racist. It's called digital blackface. Look for it in the Websters dictionary in 2021. Edit: true story.
  12. As a man with testosterone, there have been times when I've seen something, thought something, and then corrected and felt shame, but neuroscience will prove that you can't prevent the first thought but can the correction, so I don't worry too much about it.
  13. Oh, man, I have a 1st edition of the Name of the Wind but won't bring myself to reading it unless he finishes the series. I will likely end up selling it at some point, cause it really doesn't seem like he will. Sad, I've heard amazing things about it.
  14. Impossible for most people with that attitude to succeed in it, more like it. Maybe we just hang around with different crowds, as the people I know are working hard to save, finding ways to make more money, find good investment homes that they can start with and work their way up, move to more affordable areas in their price range, etc., whereas you seem to know lots of people making a combined $200k/year who can barely stay afloat with a $750k place. There's just simply a reality with where we live in the world - and when - that sees lots of young professionals with money, lots of people with family that can help, and people moving here from all over the country (not just foreign buyers are adding to record prices) to live in one of the most - if not the most - desirable places to live in Canada, and someone can either tackle the reality, or they can continue telling themselves they're effed and never see home ownership ever happen. Gratification with the housing market has never been instant, it will never be instant, nor should it ever be instant. As I've said many times, I agree that the market is a problem, but you can either watch it go up and up and up and not make any money off of it, or you can invest and do well. We just purchased our first home for $500k (well-below our means), and similar, lesser units have already sold since in our building for $585k and $590k. Is it crazy that we've basically already made $85-90k on our investment in six months? Yes, absolutely. Are we sure glad that we entered the market when we did? Emphatically yes. I think people would be very surprised with how greatly they can change their lives if they change how they choose to view the world. You may not agree with this, and that's fine, but believe it or not there are many young people thriving with their strategic mindset to reaching their goals of home ownership. Anyways, I've given my thoughts and I'm merely repeating my sentiment over and over now. Cheers.
  15. Completely agree. I'd like to see Motte in the top 6 to see what he can do, as I truly feel he has the potential to turn into quite the player up there. We just will not get in return what Motte is worth, and I think JB knows this and won't be trading him any time soon.
  16. I'm well-aware and informed on the housing market, and I've also fully agreed with the sentiment that things are crazy with the market, and that it's not the same as it once was 30 or 40 years ago (or since the Olympics, for that matter). But, rather than ignoring the meaning behind my posts, maybe try to pick up what I'm putting down. I've clearly been responding to the sentiment that someone posted earlier that "young people are f$%#ed." They're not. The world is a different place, and it's much more difficult to get a detached home right away, but the path to get there is still feasible, and it happens every day for young people. That's all.
  17. I'm glad we can all agree that it's difficult yet possible at the same time to get ahead. @KoreanHockeyFan, I'm a left-centrist, but I firmly believe that it's the personal agency argument that Conservatives believe in that's missing in society, as it's what drives people to success, so I do agree with you that society is creating this problem, as we're teaching our children that there are barriers all over the place for them, rather than teaching them how to kick a$$ in the world. @taxi, if you know couples making a combined income of $200k a year and they're struggling to pay for a tiny condo then they're 100% doing something wrong, and that's on them, for who else should be to blame?
  18. I commend you for your plan and hard work, as it certainly isn't the easiest thing to do. It may not seem like I'm acknowledging that it's much harder these days - as I completely agree that it is - but it's because I instead choose to focus on the fact that it's still possible, so it's just how I choose to focus my perspective. My wife and I are in our mid-30s now, and we certainly have it harder than my parents, but my parents also didn't have it easy, with the 80s interest fiasco, recessions, etc. Our first home may not be a house, but it sure is rewarding, nonetheless, in that all of our hard work has paid off. We love our new home, and if we ever choose one day to buy another home then it'll certainly be an upgrade over our current place. But, I doubt we'll ever bother getting a house, as we love our condo here on the island (on a golf course), and our next goal is to buy some land on a fishing lake on Pender Island, or somewhere on V Isle, and build a small getaway. But here's the thing, you're doing everything right, in that you're planning, living within your means, and finding ways to make more money. This is what many young people are not doing. They're spending money like it's going out of style, racking up debt, and then complaining that they can't get ahead and that it's society's fault and the changing times. At what point does personal agency come into play?
  19. I still agree, times have certainly changed. And now an RN can make $80k/year and a police officer average of $86k per year, so suddenly wages are double and a couple like your parents can bring in $160k/year. You're looking to buy a place of your own for that much, but it's just you, from the sounds of it, so, yeah, it's going to be different than decades ago. I get it, the dollar doesn't stretch as far for housing these days, but I still stand by my argument that "young people are not f&%$ed" like everyone says they are. Here's something else that has changed... many people don't sell their first place when they move up the housing ladder; instead, they rent it out. Times have changed, but if young people learn how to adapt then they'll be just fine.
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