Two weeks ago this pathetic blog precociously asked, ‘who are you?’ After all, we’re anonymous (except me). It’s impossible to know the kinds of people who frequent a site that revels in insulting everyone, extols balance, mocks house horniness, irritates moisters and deifies dogs. Plus, if you just go by the comments section, a significant number of my readers should be institutionalized.
The response was thunderous, since everyone’s fav topic is themselves. By the time the smoke cleared, almost a thousand people (in 24 hours) divulged their incomes, real estate ownership, net worth and many other tasty details of personal lives. Some people claimed everyone else was making it up. Others wondered if I planned on selling the data to American Express. Or the CRA.
But it was just blog research. After all, it’s good to know who comes here so the insults can be more specific and targeted. Everyone takes themselves far too seriously, especially in Vancouver and 416. People buying $2 million semis deserve ridicule.
Anyway, the data’s in. Blog dog Steve, who apparently has no life, took two weeks to read all 923 comments, extract the personal data (eliminating the whiny bits) and compile it. Now we can compare who comes here with the financial situation of most Canadians.
For example, we know the median household income in the nation is $76,000, and that the average net worth is $680,000 – most of which sits in residential real estate. The average family has $252,000 in liquid assets, which also includes pensions. Understandably, Van-area families have a higher NW since house prices are insane there, at $710,100, while the number is $680,400 in Calgary (for now) and $653,700 in Toronto.
So where do blog dogs fit in?
Well, here you go. This is what Steve’s data-mining unearthed:
So the average blog reader has a net worth of $1.025 million, and earns $157,116. Surprisingly (perhaps) incomes among younger readers are w-a-y higher than the norm (over $203,000 among the thirtysomethings) while – no surprise – net worth peaks among the thirsty underwear crowd ($3.1 million for the sixtysomethings).
When it comes to being married or single, couples are definitely more prone to being well-off. Single readers have an average income of $94,432 and net worth of $791,000, while married readers earn $181,234 and have amassed $1.121 million. Plus, here’s an interesting tidbit: those of you saying you have gold-plated, defined-benefit pensions (mostly government employees) have a higher income ($163,000) but lower net worth ($683,833).
How accurate was this survey?
Beats me. But it seems if someone were coming here to make data up, they’d be more exotic about it. After all (as I said), we’re anonymous. What’s the point of lying about your income or possessions when nobody knows it’s you? This isn’t like buying a giant house in a sexy hood, parking a Lambo in front or recruiting a Trophy Spouse. It’s just about money – in a nation where most people are memorable for their debt.
So who are you?
Now you know. You’re rich. I’ll henceforth stop writing this blog in my skivvies and dog slippers, and proffer the respect you deserve.
204 comments ↓
Hillary needs some rest.
Let’s see how the MSM spins this (or if it is even mentioned)
http://www.youtube.com/watch?v=h1pM1x-t-FY
People with higher than average net worth and income read and contribute to a blog concerned with investing.
Who’d have thought?
Even accounting for the bullshitters, what we saw is in line with my expectation.
Steve – do you want to go for a well-earned beer?
Oh man,not again.
I preferred the payday survey where half of us were screwed if we didn’t get paid on time.
Can we rehash that one…
I feel poor
With SM in NV, figured I’ll bring it up:
WTF WTC 7
When all we hear in the left leaning MSM (99% of Canada’s news outlet) it seems that the average Canadian household is drawning in debt. Obviously and if true they prefer to spend their leisure time doing more superficial things such as going out to movies or keeping up with the Jones’. Or… watching usual crap on cable TV like America’s Got Talent.
If only they’d teach personal finance in high school….
Who me? What’d I do?
Plus, here’s an interesting tidbit: those of you saying you have gold-plated, defined-benefit pensions (mostly government employees) have a higher income ($163,000) but lower net worth ($683,833).-Garth.
////////////////////////////////
Surely, this would be because these individuals are spending more and saving less as they go because they presume that their db pensions will be enough to take care of them…
M42BC
Average poster of net worth……Govt Worker. Enjoy it….it will not last for much longer.
This is as accurate as the last survey predicting that Stephen Harper would win the election.
Ego’s abound among blog dogs so its a better than good chance lots of stuff is made up.
#2
I want her to lose and I want her to lose big. But not this way.
I’d like to know the American people have risen against the present crooked system.
The question on everyone’s lips:
What fell out of Hillary’s pocket?
Meh..
Knew it would be a poop show, sorta like last year.
It’s sort of like online dating profiles. Men report their height a few inches taller. Women use pictures from a few years ago when they were a few inches thinner.
When you actually come across the person in the real world it’s disappointing 90% of the time.
MF
Let’s see how the MSM spins this (or if it is even mentioned)
Its on the front page of every outlet, video included.
Nice false narrative though.
#14 MF on 09.11.16 at 4:24 pm
Meh..
Knew it would be a poop show, sorta like last year.
It’s sort of like online dating profiles. Men report their height a few inches taller. Women use pictures from a few years ago when they were a few inches thinner.
When you actually come across the person in the real world it’s disappointing 90% of the time.
MF
///////////////////////////////
Hey MF,this is why I am unique.
I disappoint 100% of the time.
At least I am above average in this department…
M42BC
And today marks the day when 15 years ago the Laws of Physics stopped working for a few hours. RIP the millions of people killed in the middle east because of all these phony wars that only act as profit centers for the 0.1%.
half of people in hamilton ontario have no money, like less than 1000 bucks in the chequing account. most have no pension and relay on the government for the groceries. and rent.
thats the reality for most of the people in this country. from natives, to the working poor, to the people who work for 12 bucks and hour and dont live in the basement, they exist in the basement waiting for the bus.
defined benefit pension plan, interest rates, etc etc, are a luxury of the middle to upper class. Millions of Canadians eat what Mr. Galen Weston tells them to every Thursday for the week. Whatever is sold at the discount grocery store on special for the week. The reality of 10 million canadians.
I hate Win 10 as they disabled my Realtek hi definition audio system. It took me forever to find the problem as defaulted it back. Now I can hear what you are saying once again. Win 10 really sucks!
ILLary Clinton is done.
As much as I dislike Trump, and as much as Garth doesn’t believe it will happen, all signs point to him winning this one.
If (and when) that happens, gold prices will go through the roof.
At 40, my net worth is only $250k, and I rent. I guess I need to buck myself up a bit.
“those of you saying you have gold-plated, defined-benefit pensions…have a higher income ($163,000) but lower net worth ($683,833)” – Garth
Not surprising, as those people have to contribute to those pension with every paycheque, considerably reducing their monthly net income.
#9: “these individuals are spending more and saving less”
That may be part of it too, but not all of it. People have to pay into their pensions. Sure, DB is still a sweet deal (presuming they’ll be funded at retirement), but it’s not all gravy.
99.9% it won’t happen but just what if Joe Biden decided to take over last minute for the Democrats or even Bernie?
CNN headlines: “Clinton stumbles getting into van”
You guys are hilarious. — Garth
#23 Common Sense
Not so sure that bet’s 99.99%, I wouldn’t put it past the Dems to pull a bait and switch.
Frank, you forgot to call it misogyny.
Since we’re all so rich, we should be flipping properties in YVR like the rest of our buddies. Provincial Minister Mike de Jong has said that Revenue Canada isn’t actively pursuing capital gains on property flips here. Why waste money chasing stock market gains when you can just flip properties for a living and not declare the income? If Revenue Canada catches up you could always scoot home. Oh wait, that only works if you don’t live here and have nowhere else to bolt to. Argghh.
http://www.theglobeandmail.com/real-estate/vancouver/bc-finance-minister-calls-on-cra-to-diligently-crack-down-on-real-estate-tax-dodges/article31818786/
Wow, crazy stats.
I’m 30 and still far away from the average salary shown there. making 40-60k less.. I need to find a mentor, anyone?
Plus, if you just go by the comments section, a significant number of my readers should be institutionalized.-Garth.
………
Ha without a doubt I’m probably number 1 in this prized designation.
Hey Context open up a twitter account then add me. Meeting the Men in Black at the Riverside tonight. Lots of photos :)
@SmokingMan but theñ I’m thinkin Context. It’s probably going to be past your bed time.
These statistics are worthless. The only way to reliably look at this sort of data is to look at tax returns and T4s and bank statements and pension vesting schedules.
Also when I scanned the posts the married people would as likely as not report household income, so individuals unmarried of course are going to have a much lower income than two people. That alone makes the data worthless.
Nine hundred people who read this shared personal information with you. At least try not to look like the dork you apparently are. (PS – sorry about your net worth.) — Garth
34, less than 100k in assets, working for $13,70/hr.
Anyone need a hard working, polite and frugal worker? Will work for food…..
Going to give up soon…..
Good to know that young or old, rich or poor, everybody likes to brag and show off their epeen. Things never change.
Now you know. You’re rich. I’ll henceforth stop writing this blog in my skivvies and dog slippers, and proffer
Retch
Interesting stats but they appear much higher than what the reported statistics are, unless of course only the wealthier part of the population reads this blog. If thats the case those ETFs recommendations are out the window as this population has enough cake to own individual equities.There is plenty of reasons to inflate your networth online, since there is no way to verify it plus imagination runs wild with these blog posts.
http://www.macleans.ca/economy/money-economy/are-you-in-the-middle-class/
#18 crossbordershopper:- There is a new gig on you tube that favours the women making big money. Its like doing a daily gig where they play a role and are getting checks from corporations to promote a product involving cosmetics, clothing, food, televisions, the computer, and the list is long. They get free vacations that take along the husband which are paid for by the airline and resort but in your videos you show the resort in full telling all how great it is and the same with the airline. Next you take along the camera, Gopro, drone, video equipment demonstrating how good they are along with the clothing, purses, shoes, cosmetics, and everything else to model and display; also free cruises are involved for your free weekly vacations anywhere in the world.
It’s nice to see that, if true, the smart money buys into the housing market being overvalued. Ms. Waiting and I continue to get lambasted for renting by friends. And while I have missed an epic ride in Vancouver, I won’t have to experience firsthand the pending rush downward. And investing in businesses has so far proven to be more lucrative than owning a house (but undoubtedly riskier to a degree).
Only 10 more sleeps for me in Canada for our 1 year sabbatical in UR. Looking forward to maybe coming back in a year and picking up some pieces. Then again, I have thought that for the past 6 years. :-(
#30 Worry not Smoking Man as am on this computer from 9:00 AM until after 1:00 AM and then switch to C2C AM for a few more hours.
At#20: Love My Kia, I question where you’re obtaining your information. I question it because you must be living under a rock if you failed to see the open forums conducted by Matt Lauer last week. Donald trump is still behind in the polls by double digits, and he has even gone down since then. Much of this in part due to his failed response, attempting to address his non-existent plan to defeat ISIS. Mark these words, please. Trump is consistently losing in the polls, and he will indeed lose by a landslide in the election both in popular vote and more importantly with the Delegates. I’m happy for you that you love your Kia, but if you are/were and American, it speaks volumes to your positions in politics and ability simply to read.
On to another note… As for anyone who believes her/his net worth is realistically depicted when including the most grossly over inflated values of real estate ever in the G20, specifically Canadian real estate, you are most definitely in for a rude awakening, similar to Milania getting poked on the shoulder by Donald at 3:00 a.m. It will feel as if you’ve sold your soul to the devil for the interim sake of having a few fur coats, a decent car, and a couple of faux marble columns, all in exchange for getting screwed by a lying fat slob that is your RE industry. You’re going to wake up in a world of hurt and disgusted with your very poor life choices (I know some Canadians who are already regretting it). You simply cannot fix stupid.
BTW – been in Toronto the last few days. Great city despite the TIFF plastic fantastic crowd. Went to the see the Blue Jays get crushed by the Red Sox on Friday. My buddy who is up here from Boston enjoyed the game.
Garth – How far is the Ice cream shop? I walked pretty far down King West… But it’s such a long walk… ;-)
To: #17 Brazil ex-pat and your remark “And today marks the day when 15 years ago the Laws of Physics stopped working for a few hours.”
If you are saying that the Twin Tower destruction was “outside the laws of physics” because they were destroyed by a cabal in the U.S., there is some argument with that thesis here:
http://www.skeptic.com/eskeptic/11-09-07/#feature
And for those who are excited by Trump winning the WH, here is with my notes the Hare Psychopathy Checklist-Revised (PCL-R)… a diagnostic tool used to rate a person’s psychopathic or antisocial tendencies.
http://www.encyclopedia.com/doc/1G2-3405700188.html
1) glib and superficial charm CHECK
2) grandiose (exaggeratedly high) estimation of self CHECK
3) need for stimulation CHECK
4) pathological lying CHECK
5) cunning and manipulativeness CHECK
6) lack of remorse or guilt CHECK
7) shallow affect (superficial emotional responsiveness) CHECK
8) callousness and lack of empathy CHECK
9) parasitic lifestyle CHECK
10) poor behavioral controls CHECK
11) sexual promiscuity CHECK
12) early behavior problems CHECK (kicked out of prep school, sent to military school)
13) lack of realistic long-term goals ??? (bankruptcy 4 times – no doubt lots of failed or broken contracts)
14) impulsivity CHECK
15) irresponsibility CHECK
16) failure to accept responsibility for own actions CHECK
17) many short-term marital relationships CHECK
18) juvenile delinquency ??? (definitely juvenile – see #12 above – and probably delinquent many times – bankruptcy, broken contracts etal)
19) revocation of conditional release ??? (although he talks of change, he remains the same)
20) criminal versatility ??? (Casino and predatory mafioso culture as well as admiration for the “tough-man” Putin etal)
My view is that Trump is a corporate national socialist (fascist). I suspect his goal would be to follow Putin and Erdogan by:
a) control of the media (Trump already does this)
b) control of the military (He wants to increase their power and prestige)
c) control the corporate sector using the military if necessary (he wants to get the resources if he has to invade a sovereign)
d) use false flags to beat the drum of the fear of the other.
Garry Kasparov’s book “Winter is Coming” lays’s out Putin’s methodology.
Brazil ex-pat, I certainly agree with your that “wars that only act as profit centers for the 0.1%.” … what did someone quip… “War: a massacre of people who don’t know each other for the profit of people who know each other but don’t massacre each other.” Paul Valery (poet)
It is dismaying to me that in the U.S. election race the emphasis is on war as a method of exerting power (the same in Canada and our “peace keepers”…. and very little is said about educating our “enemies” to win them over.
Here is the freshest and rarest response to the problem of our “potential enemies” that I have heard in a long time from the tireless Maajid Nawaz on the failure of the war on terror and the end game solution: http://www.lbc.co.uk/maajid-nawaz-hammers-home-failure-of-war-on-terror-136805
Books not Bombs, I say.
#16 For those about to flop… on 09.11.16 at 4:33 pm
Lol flop,
All of us on the blog are above average for attempting to gain some financial literacy beyond “hot property” on CP24. That includes you my friend.
MF
And now for some real estate. Here is my updated MAR-MOI chart (absorption rates)
http://www.chpc.biz/mar-moi.html
Toronto and Vancouver are on 2 opposing trends at the moment.
Surprising? Doesnt it make sense that people who are on top of their finances tune into a financial blog, if you can all it that.
The rest of the world is playing pokemon go or something probably.
I’m back beatches:), I’m rich cuz i have a back up country, olive, sun, fish, tanned chicks, friends and family, make money like a bandit and leave this rusty frozen isolated peace of earth filled with delusional people.
HA Ha ha. Liars!
I mean, um, I’m 22, make $500k self-employed, and have a net worth of infinity jillion dollars.
There, now I fit in.
Yesterdays Blog Post by Ryan was inaccurate. He claims that the Canadian Banks were not bailed out in 2008/9. According to GLOBALRESEARCH the Government injected a total of 75 billion dollars into the banking system by buying Mortgages with no strings attached.
http://www.globalresearch.ca/canada-s-75-billion-dollar-bank-bailout/12007
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Blog dog Steve, thanks for tabulating the stuff.
Does the tuxedo still fit, Garth?
30-somethings making over 200,000 annually… Wow.
We conclude that the blog readership is strongly over-represented by the 1% of incomes across the Canadian population.
Holy moly, why do those people even come here? They can basically afford any house in the two hot cities and at the same time build a diversified portfolio.
Speaking of “hot property” on CP24. Wow I was forced to watch this propaganda while waiting for an appointment the other day. Just wow.
Every caller: “hi im wondering about buying in area X or Y. Can you tell me about that area?
Real estate shill: “that area is up and coming and will be a great investment. You should buy.”
Who would have thought…every area is a great investment.
The RE industry is an absolute joke. Hey who can blame these guys. They are making money off people who actually listen. What bothers me is the guy can go on television, wear a suit, and lie straight to a potential audience of thousands so easily.
Jane and Finch? Up and coming area. Great investment. You should buy.
MF
So how do you explain these figures if the median income is something like 60 grand and more than half of Canadians apparently live cheque-to-cheque and would have trouble making payments if they missed a few weeks work? The majority of people who commented are in the top 30 percent in terms of net worth?
#40 Brian Ripley on 09.11.16 at 6:08 pm
To: #17 Brazil ex-pat and your remark “And today marks the day when 15 years ago the Laws of Physics stopped working for a few hours.”
If you are saying that the Twin Tower destruction was “outside the laws of physics” because they were destroyed by a cabal in the U.S., there is some argument with that thesis here:
http://www.skeptic.com/eskeptic/11-09-07/#feature
++++++++++++++++++++++++++++++++++
“skeptic and conspiracy theory” sites have no credibility anymore…….
Tell you what….show me pieces of a JET AIRCRAFT crashed in Shanksville, PA and the Pentagon on Sept 11/2001 and I will write you a $100,000 cheque……
I have said this to hundreds of people…..have yet to write said cheque…..
Hillary’s medical doctor stated she was diagnosed with pneumonia on Friday which is nothing more than a cover up story as she should have been in the hospital. What a load of crap from USA as am not buying this nonsense.
#40 Brian Ripley on 09.11.16 at 6:08 pm
im sorry but did you just say Trump controls the media, corporate sector, and military?
You sure about that one?
And with regards to 9/11, the reality is there are bad people out there who dislike the west. Yes the causes go
back decades to the Soviet invasion of Afghanistan and are complicated , but to absolve any responsibility from the terrorists and groups that perpetrated it all is disgusting. This is especially true on the 15th anniversary.
MF
@ #40 Brian Ripley:
To your fine post might I add:
Narcissistic personality disorder is a mental disorder in which people have an inflated sense of their own importance, a deep need for admiration and a lack of empathy for others.
Garth, The term “rich” is overused. Most 31-40 year olds on this blog despite their 203,000 income are not rich.
If you have to get up tomorrow and go work for somebody else to pay your bills and if you don’t you’re screwed, you’re not rich.
You’re a slave. You may be a slave with a nice house and car, but you’re a slave.
You’re possibly a slave to your job. Possibly a slave to the banks, but regardless… a slave is a slave.
The only people is this world that are rich are people that can generate their own income.
For most, that takes a lifetime to occur.
regarding ::
“#40 Brian Ripley on 09.11.16 at 6:08 pm
And for those who are excited by Trump winning the WH, here is with my notes the Hare Psychopathy Checklist-Revised (PCL-R)… a diagnostic tool used to rate a person’s psychopathic or antisocial tendencies.
http://www.encyclopedia.com/doc/1G2-3405700188.html”
———— my response ———
Actually Trump is not a Psychopath, nor exhibiting Antisocial Personality Disorder . I’ve been traine in the administration of the Hare Psychopathy checklist R, and trained under 2 people who helped develope it.
If anything Trump exhibits narcissism, but he’s too calculating and learns from his feedback, alters his scheme to achieve his ambitions. Pathological liar, perhaps. But he knows he’s doing it, and why.
Ps: trumps not an opportunistic killer, and Not part of the Ersogon clan. That’s Hillary C’s business, youtube it. Sybil Edmonds speaks well of this since 1970s.
Regards
Interesting article on shadow banking.
There is an exotic car dealer in richmond BC helping clients get into the right car.
1) Money ends up being transferred into his company, to buy a very expensive car .
2) client holds car for a time, decides it’s just not for them and can return the car, slight reduction. So for $500k you buy a car, then return it, minus $100k.
3) do this again and again and again, Clean Money! Yay.
He owns a LaFerrari himself……
I don’t believe these numbers for five seconds.
So 900 faceless people lied just to impress you? — Garth
Looking at these numbers they make sense (to me at least), so this is probably a good look at the dogs who haunt this place of continual insults and put downs.
These #’s do not represent the “norm” for the general public nor could you expect them to be. This is a $ blog not facebook (reg) or twitter( reg) so those who haunt it are interested in financial matters, not the latest “hot” item or person ( except for stocks & bonds) .
A big thanks to Steve for the breakdown, it may help me get a friend who is second house horny to think carefully about that idea.
I would rate the Greaterfool dogs as 2 -3% ers.
OW
OK, I am a loser; my NW is only 2.3MM (it must be because I consult this blog only occasionally).
#52 Brazil ex-pat:- There was no jet that crashed at that site or the Pentagon so no bet from me.
#9 For those about to flop….
Surely, this would be because these individuals are spending more and saving less as they go because they presume that their db pensions will be enough to take care of them…
M42BC
///////////////
I have a DB and do not spend more and save less. I feel fortunate to have the DB and I have learned through discussions with friends that my net monthly income will be a few hundred less to someone earning the same with no DB.
I don’t consider my DB part of my net worth as I can’t cash it in so my net worth is in the 600K range. Consider my pension and a healthy life and I sit in with everyone else on this blog.
I enjoy your posts and ask that you consider not painting us DBers all with the same brush and please stop calling me Surely (sorry couldn’t help it).
Oh and call me Surly, because it is a beautiful day here in Vancouver and I may have had a pint or two…
M47BC
At #46: Wally Wingnut, EXACTLY. Canadian banks received a BAILOUT precisely the same time the American banks received theirs. The difference? The U.S. paid nearly 1/3 of the $73 Billion the Canadian banks received. Also, on a per-capita basis, this means the Canadian bank bailout was 64% GREATER than the American bailout. Conservative banks up there? Really? Total BS. By the way, we are still waiting for that check that we haven’t seen in repayment.
#57 Spectacle:- Sibel Edmonds is a knockout and might visit her one day in Bend, Oregon where she is in hiding.
At #62: Context, yet another adorable little Canadian conspiracy theory. Damn you are stupid. As an American who was present and impacted but hose day’s events when the plane crashed into the Pentagon, your ignorance is deplorable and dangerous.
Waiting on the west coast: where is UR? Bon voyage.
Thanks to guy who completed blog dog stats. Hope it was raining where you are and you didn’t miss the wonderful weather, winter is coming!
#52 Brazil ex-pat on 09.11.16 at 7:02 pm
#40 Brian Ripley on 09.11.16 at 6:08 pm
To: #17 Brazil ex-pat and your remark “And today marks the day when 15 years ago the Laws of Physics stopped working for a few hours.”
If you are saying that the Twin Tower destruction was “outside the laws of physics” because they were destroyed by a cabal in the U.S., there is some argument with that thesis here:
http://www.skeptic.com/eskeptic/11-09-07/#feature
++++++++++++++++++++++++++++++++++
“skeptic and conspiracy theory” sites have no credibility anymore…….
Tell you what….show me pieces of a JET AIRCRAFT crashed in Shanksville, PA and the Pentagon on Sept 11/2001 and I will write you a $100,000 cheque……
I have said this to hundreds of people…..have yet to write said cheque…..
What a bunch of crap – you’re conspiracy theories have been dubunked so many times via credible sources that it’s not even funny. Because you choose to ignore credible evidence doesn’t make it not true – likewise, wanting to believe some cockamamie BS that you read on the internet doens’t make it true.
Multiple eyewitness reports of the jets hitting the pentagon and crashing in Pennsylvania – feel free to send me the $100K
http://www.snopes.com/rumors/images/debris.jpg
“The truth is that, for all the talk of so-called triggers, when they get that big, bubbles often end up collapsing under their own weight.” – Paul Ashworth, chief North American economist with Capital Economics
http://business.financialpost.com/personal-finance/mortgages-real-estate/foreign-buyers-are-not-whats-driving-the-vancouver-housing-bubble-economist-says
Belfountain General Store tiger tail ice cream….
…highly recommended.
I want to share a little story with y’all from the 1990’s
For those of us who were born then and living.
I sent my first “email” to a friend of mine on my commodore 64.
Summer of 1987.
There was this odd little company called “google”.
Wanted to have people look up things by dialling up “on the line” and getting info on their phone lines.
People thought they were nuts.
Why dial up your phone, connect to the info and transfer it to your commodore 64? Why not just look I the yellow pages and read the paper?
If I had invested 1000 US in this odd little company in 1989 it would likely be worth 100 million US today.
Lesson?
You have to be able to predict the future.
People generally can’t.
Figure out how.
You’ll do well
#67 The American:- I have a lengthy video which refutes the Pentagon saga and what you saw was an illusion witnessed by dozens of others and even the cab driver admitted his story was false. You missed the independent investigation.
#63 Diggstown on 09.11.16 at 7:53 pm
#9 For those about to flop….
Surely, this would be because these individuals are spending more and saving less as they go because they presume that their db pensions will be enough to take care of them…
M42BC
///////////////
I have a DB and do not spend more and save less. I feel fortunate to have the DB and I have learned through discussions with friends that my net monthly income will be a few hundred less to someone earning the same with no DB.
I don’t consider my DB part of my net worth as I can’t cash it in so my net worth is in the 600K range. Consider my pension and a healthy life and I sit in with everyone else on this blog.
I enjoy your posts and ask that you consider not painting us DBers all with the same brush and please stop calling me Surely (sorry couldn’t help it).
///////////////////////////
Hey Diggstown,someone already thought I was bashing the pensions, but what I was really trying to say was that these people have an extra safety net that a lot of people don’t have and these positions seem to have a little bit more security than the “average” job so why would you have to have such a high savings percentage as someone who doesn’t have a pension.
I understand that people pay into them and it’s not all one way traffic but if I had this safety net I would spend a little more on life as I go knowing that there will bit a little extra coming my way down the line.
Ah, my wife works for the school board and pays into a pension maybe I should hand the keyboard over to her as she could probably explain better what I meant .
Been married 14 years ,she is now fluent in idiot speak…
M42BC
It’s quite possible for the figures reported by readers to be accurate, without being representative. While people who read financial blogs are likely to have more money than those who don’t, it is also true that those who feel good about their situation are more likely to talk about it than those who feel bad.
If you asked the blog dogs how quickly they can run five kilometers, I bet the average of the responses you got would be much faster than the median finishing time in a fun run, but that wouldn’t necessarily mean that we are all in great physical shape.
Some very boring Canadian civil engineers have carefully studied the official explanation of the collapse of the World Trade Center. They wrote it all up for a very boring journal focused on structural mechanics.
“Dr. Robert Korol, professor emeritus of civil engineering at McMaster University in Hamilton, Ontario, and a fellow of the Canadian Society for Civil Engineering, has led a team of academic researchers in preparing two peer-reviewed scientific papers on the destruction of World Trade Center Building 7. Both papers were published in the Challenge Journal of Structural Mechanics — the first one in July 2015, the second in February 2016.”
Here is the abstract of their review of the collapse of building 7, the one that fell down even though no plane hit it. They don’t agree with the official explanation. They seem to think it lacks any credibility.
Clearly despite their attempts to look sober and professional, these guys are just another bunch of tinfoil hat conspiracy theorists looking for a quickie book deal. We can all go back to sleep.
On the other hand what if government has learned to manage dissent by skilfully invalidating any potential challengers as racists or a conspiracy theorists or whatever other label works. Or they could just stall the most inconveniently thorough challenges by just ignoring them. The rest of us wouldn’t want to be considered as fools would we?
Somewhere Orwell is facepalming. He tried to warn us.
http://www.challengejournal.com/index.php/cjsmec/article/view/50
#74 For those about to flop…
Thanks for clarifying your position. Fortunately, when it comes to idiot speak I understand every word.
M47BC
those of you saying you have gold-plated, defined-benefit pensions (mostly government employees)
No wonder this blog is filled with comments during the working day..
This has got to be the coolest financial site on line for letting my comment #147 slide through yesterday, just for the entertainment value alone.
Too bad nobody was around in that time slot to enjoy it.
Just the same, Garth your degree of patience rocks. Just watching fat people eat ice cream would make my head explode, let alone reading the drivel I contribute here.
On the other hand what if government has learned to manage dissent by skilfully invalidating any potential challengers as racists or a conspiracy theorists or whatever other label works. Or they could just stall the most inconveniently thorough challenges by just ignoring them. The rest of us wouldn’t want to be considered as fools would we?
Is this the same government that can’t figure out how to raise interest rates?
The same government that everyone on this blog maintains can’t do a thing right, from the TSA to the Fed to the IRS to the whatever.
The same government that was headed up by the least intelligent of the Bush clan?
But this same governing class of politicians can keep something as complex as the truth behind 9-11 from being illuminated except by a very select few folks.
Occam’s razor, people!
Study it out!
Not surprised us Feds have lower net worth than other readers. We are all in Ottawa. No real housing boom here. Some good increases, yes, but nothing like TO or Van especially for those who have been impatient to buy and hence moved out to the suburbs where their money for them a bigger house but there have been stagnant prices in those areas for years.
#63 Diggstown on 09.11.16 at 7:53 pm
I feel fortunate to have the DB and I have learned through discussions with friends that my net monthly income will be a few hundred less to someone earning the same with no DB.
I don’t consider my DB part of my net worth as I can’t cash it in so my net worth is in the 600K range. Consider my pension and a healthy life and I sit in with everyone else on this blog.
///////
How old are you and how employable are you, that is main question of mine?
i do have db and dc, and I fell that db is there just to “top up” fund for “grandfathered crowed” because my and theirs terms and conditions arent same.
I would prefer that 100% of my money goes to glorified RSP called DC. or better yet to matching rsp, but noone cares what i would like…
If you are younger than 55 and there is a chance that you can port pension in full see no reason why not take db funds in NW calculation.
there is an argument to be made that funds in db are not as “liquid” for someone who is 40, but someone who is 54/55 and employable and sitting pritty with good set of skills all diferent story.
so why not take value of db in to nw calculation, as i often say, pension plan is a dead money but it is a money.
in my opinion problem with pension plans is survivor benefit. my old company i worked for, spouse gets peenuts if you die with in 2 yrs of retirement, 60% after 2 yrs, if spouse dead i believe that only small portion goes to kids.
Only way that i would not take value of db in nw calc is if person can not port it in full and age wise is 60ish +. but again i do tools all day long…
Hey,let’s pull together and figure things out
here, for the best, for us all!!!
Building 7. Not hit by a plane. Collapses at free fall speed at 5:30 that night.
https://www.youtube.com/watch?v=yuC_4mGTs98
https://www.youtube.com/watch?v=_7IVCSpalbA
https://youtu.be/2XHm56O2NTI
The conspiracy theory is what the government is trying to sell you. False flag- Used over and over again same blueprint and stupid people who don’t know history keep falling for it. Sheeple.
Wow that’s uncanny. Someone give that guy a raise haha
30
Own x2
Net Worth 263k (this part sucks I know)
Average Inc 192k (last 5 years)
(*DB pension not counted in assets)
#81 Inottawa on 09.11.16 at 8:57 pm
Not surprised us Feds have lower net worth than other readers. We are all in Ottawa. No real housing boom here. Some good increases, yes, but nothing like TO or Van especially for those who have been impatient to buy and hence moved out to the suburbs where their money for them a bigger house but there have been stagnant prices in those areas for years.
//////
you would thing that would be other way around, job securuty and an average wage is 114 according to ctv. so if you are not long form statician you are/were doing good.
family income in toronto 68k, ottawa 98k, heck hammer 76k is all welfare and its higher that toronto.
https://en.wikipedia.org/wiki/List_of_Median_household_income_of_cities_in_Canada
http://www.ctvnews.ca/canada/federal-employees-average-114k-in-pay-benefits-1.1074756
WHAT’S WRONG WITH A PICTURE HERE !!!
#69 don’t be a wingnut on 09.11.16 at 8:13 pm
It doesn’t matter how many times it gets debunked. Those that question the narrative of 9/11 will always have their bias (even though they falsely declare it as truth seeking).
They usually believe in one of more of the following:
1) dislike the the United States in general
2) dislike of the western world
3) dislike of Israel and what it stands for
4) dislike of any authority
No matter how much the alternate theories will be debunked, if someone harbors at least one of the above feelings they will be susceptible to believing 9/11 was an inside job.
MF
With caveat of looks can be deceiving, you know who might be in danger?
Sec. Hillary Clinton.
Watching footage from earlier today, she literally collapsed from her position on the sidewalk into the arms of Secret Service as her ride pulled up. Both her legs were limp and her feet dragged along the concrete sidewalk and over the curb as they hustled her into the van.
She did not get into that vehicle on her own accord.
Good to see her emerge 2 hours later, walking on her own, waving to the crowd but for sure this incident can’t help but raise more questions.
Not good or easy questions.
Sorry Garth, these numbers are way off. 41-50 year olds with 1.8 mill net worth? No chance . Not in this country.
61-70 with $3.3 mill ??1?! Now thats just funny.
Meanwhile half the country cant live without a paycheque.
Looks like everyone lied when they entered the poll….
My salary and NW? Reminded of:
“Once upon a time, Rolls-Royce would say only that its cars produced “sufficient” horsepower. A gentleman didn’t require more and the firm didn’t like to brag about speed”
…
And:
https://www.amazon.ca/Weaponizing-Anthropology-Science-Service-Militarized/dp/1849350639
“The ongoing battle for hearts and minds in Iraq and Afghanistan is a military strategy inspired originally by efforts at domestic social control and counterinsurgency in the United States. Weaponizing Anthropology documents how anthropological knowledge and ethnographic methods are harnessed by military and intelligence agencies in post-9/11 America to placate hostile foreign populations”
“Your only and cool as your dog”….. Desert Dog
dawgs, a short dogumentary to put htings in perspective.
http://www.vasque.com/CAD/page/ace-and-the-desert-dog
Silly conspiracy theorists…
https://m.youtube.com/watch?v=yuC_4mGTs98
#80 Metaxa on 09.11.16 at 8:49 pm
But this same governing class of politicians can keep something as complex as the truth behind 9-11 from being illuminated except by a very select few folks.
========================
Based on their own words, most US federal politicians spend most of their time fundraising to the extent they have no time to actually read the laws they vote on. It is debatable who actually runs the country.
I obviously have no special knowledge of the events of 9/11 such as whether an actual jet crashed into the Pentagon. But you would have to lack imagination not to wonder how a steel skyscraper can collapse in a free fall that looks exactly like a demolition when nothing has touched it. Clearly people who know vastly more than the rest of us about structural mechanics don’t believe it is possible. Why does the US government believe it? Why did the building’s insurers accept this verdict?
Nothing to see here?
MF. Your an idiot. Do some reading. Normalcy bias.
To the fools and the blog dogs:
TO Real Estate: has a certain amount more of upside to it. You can calculate this. The upside is the maximum amount that a middle class couple, putting all of their financial means together, including borrowing to the max and all their savings, can afford.
Once you get beyond this you are catering to the 1%.
Which everyone tells you never to do.
The only way to wealth is to own the means of production of the products consumed by the masses.
Sell to the 1% you are toast. Burnt. Smelly. Flame broiled. Toast.
So……how much can the middle class afford? Calculate it, folks. The number is really important.
It is your bottom line. Because you are selling and they are buying.
How much do you think?
That is “peak house” (as this blog will soon tell you)
#87 MF on 09.11.16 at 9:40 pm
Oh yeah, governments would never lie to the people. Just ask the people of Iraq and their weapons of mass destruction and Saddam’s alleged link to harbouring terrorists – the whole reason for the perpetual ‘War on Terror.’
17 of 19 hijackers were Saudi Arabian. With the recent release of the 28 pages from the Congressional report in 2002, there were possible links to Saudi government officials. Here’s a link to a CNN report (so it must be true):
http://www.cnn.com/2016/07/15/politics/congress-releases-28-pages-saudis-9-11/
#87 MF
It doesn’t matter how many times it gets debunked. Those that question the narrative of 9/11 will always have their bias (even though they falsely declare it as truth seeking).
They usually believe in one of more of the following:
1) dislike the the United States in general
2) dislike of the western world
3) dislike of Israel and what it stands for
4) dislike of any authority
No matter how much the alternate theories will be debunked, if someone harbors at least one of the above feelings they will be susceptible to believing 9/11 was an inside job.
====
Does it also mean that whoever harbors any of the opposite feelings will be susceptible to believing 9/11 was not an inside job?
As great as The Belfountain General Store reno is, for those who can’t get out that way and are in Mississauaga check out The Port Credit Social Club in the Port Credit Marina, it used to be the old Lake Effects. Garth if you show up there is a pint of Hieneken there for you in my name.
MF- What does the apartheid state of Israel stand for? I would like details to laugh at.
Happy 911. Justice is coming bastards.
Time to rebalance for a Trump Train rolling into town.
I know there’s a Web site were you bet on celebrity death.
Share if you know it. I’m shorting Hillary. Don’t think she’s going to make it to election day…
Who knows what amoebas Billy Bob infected her with.
Dang it… I’m obviously not making (nor have enough assets) enough compared to my peers… I need a miracle…
After sitting out of the GTA market for over a decade, i decided to take a dip in a small way. Obtained a mortgage approval of 340K based on an income of 85K. Selected a distant suburb at the west end of the GTA – Milton. Was in for a rude shock. 2 BDRM townhouse condos selling for 550,000. Fit nowhere in the picture. Don’t know how others do it – this is scary.
So 900 faceless people lied just to impress you? — Garth
So 900 maybe a few who dont read this cool blog that only
leaves 30 million not doing so well.
latest from globe and mail studying rental vacancy crisis… no easy answers…will be interesting to see the results of a bunch of housing ministers of various regions meeting this week..
anyway here is the globe and mail analysis, last in a series.
”Dark windows illuminate problems in Vancouver’s real estate market”
…http://www.theglobeandmail.com/real-estate/vancouver/dark-windows-illuminate-problems-in-vancouvers-real-estate-market/article31822833/
#99 Godlike on 09.11.16 at 11:05 pm
Success against all odds. Being built from nothing.
I dont see anything funny about that.
MF
#99 Godlike on 09.11.16 at 11:05 pm
“MF. Your an idiot. Do some reading. Normalcy bias”
Not worth a response.
MF
#98 Penny Henny on 09.11.16 at 11:00 pm
As great as The Belfountain General Store reno is, for those who can’t get out that way and are in Mississauaga check out The Port Credit Social Club in the Port Credit Marina, it used to be the old Lake Effects. Garth if you show up there is a pint of Hieneken there for you in my name.
….
Who in there right mind wants to waste time, hang out with other people.
Life is better alone, drunk and writing stories about dumb people doing what you suggested.
Being a loner rocks…
680,400 in Calgary (for now)…. prices are up 10% yoy so please add… I think this is what you mean by “for now”, right?
you can check yourself: http://www.findcalgary.ca/page_content-19.html
#94 Godlike on 09.11.16 at 10:40 pm
MF. Your an idiot. Do some reading. Normalcy bias.
————————————————————–
Man, conspiracy theorists are so funny.
It’s like a cult.
They cannot stomach the feeling of not knowing for sure what happened. From there, the belief process begins.
It feels so comfortable to think you are part of the special club that *knows* what happened.
Is only 8:40 here. I’m not good.. Going to bed. Been going hard on the JD since 9am.
You, the blog title post..
My contribution
https://youtu.be/ymgYEQgSqLI
Those of you knocking yourself, don’t. The fact that you are on this blog is a good start. We all fight our own battle.
If you want to improve your net worth or, more importantly, cash flow, see the people on here for what they are … inspiration. When you see a wealthy, self-made person, don’t say “I don’t believe it.” Get curious!
Read. I personally recommend:
Blue Ocean Strategy
The Millionaire Next Door/Millionaire Mind
Millionaire Fastlane
Anything by Andrew Hallem
Listen to Podcasts
Radical Personal Finance
Behavior Gap Radio
EconTalk
Find a mentor!
Ow, and too bad we didn’t get to see medians here. Average is always off.
Finally, to those of you (especially the young readers) who feel demoralized, remember to learn about selection bias. What you are seeing here are those of us willing to share this information because we are proud or confident in our situation. Either way, get curious!
The only way for debt ridden Canadians is to amuse themselves about the bubbling values of their homes. Almost everyone with a decent house is a millionaire. Oh, all rich people carry debts.
I can appreciate these figures. I have recommended this blog to several friends and colleagues. Most of those with high income and high net worth appreciated the blog and has been following the blog ever since. Practically all of those with low income and low net worth didn’t really get it and have stopped reading the blog. The former was present to participate in the survey and the latter has long been gone and missed the survey.
#68 Grey Dog
UR is Uruguay
Metaxa… +1 on Occam’s Razor. It astounds me that everyone knows that people cannot keep any secrets but somehow expect that hundreds to thousands of “people at Area 51, WTC, etc. would never reveal/leak such prejudicial info.
If all these numbers are true? then what do we have to worry about, everything is great! or all the 1%ers like Garth’s blog.
#82 NoName
I am 47 with almost 21 years paid into a DB.
I consider my pension outside my NW as it is not something liquid I can access in case I need cash immediately. I suppose there are a number of ways to look a NW, that is how I look at mine.
Best song ever when you stubil in the land of jack
https://youtu.be/lNqYanNdjE0
#72 Ace Goodheart
………….
You usually seem spot on but your Google history is off by nearly decade.
In 1989 Larry and serge had not yet met and were still a few years from stanford (and finishing puberty)
Company Founded 1998 ipo 2004.
Search engines were not new then. (My biggest mistake ever was thinking Alta Vista was plenty good and the goog ipo was way overpriced!!!)
Sure did love that commodore 64 though.
Debunked and credible sources. I had a feeling the 9/11 conversation would go this way. Believe what you want to believe. Fact is most conspiracy theories have been proven fact, but just because most don’t see it in M$M (credible source???) they out right refuse to understand basic laws of physics and actual facts.
To each their own. Fact is people like MF are being completely played by a system that they refuse to take the time to look at a little closer and try to understand.
Fact is the truth hurts and until we collectively accept these ugly truths and understand just how sour this very system that once stood for freedom actually is…
Well, I would expect more of the same
Hypnotized from the day you were born
#69 don’t be a wingnut on 09.11.16 at 8:13 pm
#52 Brazil ex-pat on 09.11.16 at 7:02 pm
#40 Brian Ripley on 09.11.16 at 6:08 pm
To: #17 Brazil ex-pat and your remark “And today marks the day when 15 years ago the Laws of Physics stopped working for a few hours.”
If you are saying that the Twin Tower destruction was “outside the laws of physics” because they were destroyed by a cabal in the U.S., there is some argument with that thesis here:
http://www.skeptic.com/eskeptic/11-09-07/#feature
++++++++++++++++++++++++++++++++++
“skeptic and conspiracy theory” sites have no credibility anymore…….
Tell you what….show me pieces of a JET AIRCRAFT crashed in Shanksville, PA and the Pentagon on Sept 11/2001 and I will write you a $100,000 cheque……
I have said this to hundreds of people…..have yet to write said cheque…..
What a bunch of crap – you’re conspiracy theories have been dubunked so many times via credible sources that it’s not even funny. Because you choose to ignore credible evidence doesn’t make it not true – likewise, wanting to believe some cockamamie BS that you read on the internet doens’t make it true.
Multiple eyewitness reports of the jets hitting the pentagon and crashing in Pennsylvania – feel free to send me the $100K
http://www.snopes.com/rumors/images/debris.jpg
+++++++++++++++++++++++++++++++++++
HAHAHAHHAHAHAHAHAHA
Yup – that sure looks like a 35,000 lb jet aircraft complete with wings, tail, fuselage, engines, bodies, bags, luggage to me….
one tiny piece of clean “planted” metal by organizers……hahahahahaha…….you debunker people are so owned these days……
#110 BG on 09.11.16 at 11:36 pm
#94 Godlike on 09.11.16 at 10:40 pm
MF. Your an idiot. Do some reading. Normalcy bias.
————————————————————–
Man, conspiracy theorists are so funny.
It’s like a cult.
They cannot stomach the feeling of not knowing for sure what happened. From there, the belief process begins.
It feels so comfortable to think you are part of the special club that *knows* what happened.
++++++++++++++++++++++++++++++++++++
You sound like you were listening to Clinton as she stood there with her catheter on and called 50 million Americans deplorables. Apparently according to you more than 100 million people belong to this so called cult.
Yup……debunkers, conspiratards, skeptics…..yer all a dying breed of obedient slaves. Good riddance.
…skivvies and dog slippers…too funny and too much information Garth…LOL.
I must say people, a lot of bitterness today whether it be about the US election, Garth’s poll results, 9/11, Public pensions and so forth.
Mom was correct when she told me at 5 yrs of age: “Money doesn’t buy happiness”.
True, but it sure did by me a 635 bhp Supercharged Corvette (good old American iron)…if it was kid, I would of put it thru college.
There, happy story…still cannot get out of my mind Garth’s attire when writing the blog…eeuuu.
Both candidates are going to spend like crazy, rate increases in coming years will be exacerbated. Good news for low risk investments. Getting older, more averse to higher risk investments.
Do not think either will be good for Canada as both not trade happy and anti-globalization when it comes to labour (but they are patriots, doing what is best for their country, I admire them).
We cannot always ride the US coattails to prosperity. Good Harper and T2 forged/forging other trade alliances such as EU and Asia.
Whomever wins, I do not care.
In the end, whomever has been at the helm, they continue to be a great country and people.
Despite all their shortcomings, they have contributed much to the world…defending it from Fascism, Communism, Main Street bailing out the banking system so as to prevent a global depression, entrepreneurial incubator of new wealth producing systems…the list goes on. We are safer and wealthier by most measures because of them.
Yes. Me. I believe the vast majority of the Dawgs reported income and net worth to be reality. Keep in mind, I am merely a top 10%er. This puts me in the “poor” section of the Blog dawgs. I am ok with that, as I have shared my lifestyle past and present on this Blog. I would not trade any part of my life with anyone.
Also, some guys who know me well that have a net worth between $5mil. & $15mil. tell me I am the richest man they know. I can see why. I always put my Freedom First. My life, my rules. Priceless.
No wonder the majority of my short “working for others life” was spent telling people what to do. Thinking is under rated. So few people are good at it.
Happy outlook . Market down 2 percent.
Panic selling will follow on Monday as Friday afternoon margin calls will sell sell sell at ‘market’ for the open. Puke puke Pyle for a few days …I must say ..cathartic. I have been building cash for months in anticipation . Opportunities will arise especially with the best that we’re sold for no reason in the panic to raise cash. Good for me.
I did the smart thing.I flew to Bali for a couple of weeks. It’s much harder to drink yourself stupid in paradise than a moldy man cave in Toronto with an over due margin call.
OK , I’ll throw a bone , look at the M&A deals that sold off but have the price already fixed. I’d mention the individual names but I know our host hates stock pickers.
Just let us know when you’ll be opening a US division.
#80 Metaxa on 09.11.16 at 8:49 pm
On the other hand what if government has learned to manage dissent by skilfully invalidating any potential challengers as racists or a conspiracy theorists or whatever other label works. Or they could just stall the most inconveniently thorough challenges by just ignoring them. The rest of us wouldn’t want to be considered as fools would we?
Is this the same government that can’t figure out how to raise interest rates?
The same government that everyone on this blog maintains can’t do a thing right, from the TSA to the Fed to the IRS to the whatever.
The same government that was headed up by the least intelligent of the Bush clan?
But this same governing class of politicians can keep something as complex as the truth behind 9-11 from being illuminated except by a very select few folks.
Occam’s razor, people!
Study it out!
—
Thank you! The government is way too simple minded and incompetent to pull off a scheme like a faked 9/11.
Sheesh. Sometimes a cigar is just a cigar.
#128 Andrew t
The government is way too simple minded and incompetent to pull off a scheme like a faked 9/11.
Sheesh. Sometimes a cigar is just a cigar.
===
Because you knew what Snowden disclosed, ahead of time?
Shameful.
http://zenhabits.net/lifes-enough-stop-comparing-yourself-to-others/
By the way, can we see the numbers on “net-worth” of homeowners, with the current value of the homes removed?
People hit a mental block of why to not include home equity in their net worth. Assume that you own your home free and clear. Many people simply figure that they could sell that home and have the equity value in the bank – a liquid, spendable asset. That is true, however, on the other side of the balance sheet, they’d now have an incurred liability: housing expenses. With no house to live in, since it was sold, the person would have to find housing, either by renting or by buying a new home. If the person rented, then ideally the newfound equity could be invested in a manner where the investment would provide enough cash to make the rent payments. If the person bought a replacement home, then the purchase price would probably come out of that equity. The person has seen no increase or decrease in the ability to convert those assets into an income stream that allows him or her to buy something other than housing. (Unless they are downsizing to the extreme, or moving to an altogether different – that is “cheaper” – housing market.)
[Ref.:http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2012/09/05/should-you-include-your-home-in-your-net-worth%5D
Well Garth I guess, even if the number are not exactly accurate, your readership is not representative of the Canadian population, not by a long shot.
A thing to remember when you do your next election poll ;)
However you’re right on target as far as your business clientele goes. Good for you…
Sweet I’m the 1%… on the wrong end of the spectrum durp
Steve, Thank you for your stats.
Question: Did you include value of DB / DC as part of net worth?
(Reason for asking is: it is not included in Garth’s Rule of 90, out of control of individual and DB cannot be passed down to next generation as inheritance.)
“dice have no memory”
https://en.wikipedia.org/wiki/Insensitivity_to_sample_size
https://en.wikipedia.org/wiki/Representativeness_heuristic
I remember back when I was struggling like the average blog dog is today. Lotsa Kraft Dinners in those days, boy.
ahhh, nostalgia
Bummer… My net worth is sitting 12K under where it should be as a 31-40 year old renter….
What’s the point of lying about your income or possessions when nobody knows it’s you?
_____________________
FF: tell me I am the richest man they know. I can see why.
_____________________
Generally people brag or exaggerate to make themselves feel better. Those who are comfortable with their own choices rarely exhibit these traits.
I’ve found the best way to feel better about myself it to volunteer in the community and help others. It turns out you help yourself even more. To each his own.
You were always saying foreign money is not really the problem and that there is no actual records
Read this: http://www.theglobeandmail.com/real-estate/vancouver/out-of-the-shadows/article31802994/
I have friends in the banking industry in three different continents including N. America/Canada. From what I hear from them, there are big games played in the real estate industry by all kinds of players and sizes.
Caution: Note that money that is coming to Canadian real estate industry is not limited to China. There are even immigration fraud money that is coming to real estate industry. For e.g. a potential immigrant is charged $$$$$s and guaranteed immigration to Canada/UK/USA/AUS. The wait time is 2 to 2.5 years. The full amount must be paid during the intial stage itself (1st month). If the application is rejected, the money is returned without interest. These so called agents don’t submit at any application for immigration! They take the money and transfer it to different hot real estate markets throughout the world. At the end of the 2.5 years the money is returned to the potential immigrant saying ‘sorry, your application was rejected’.
All those graphs that show ‘income – house price’ detachment is great. If it was supposed to correct the correction would have started in 2013. BUT, correction did not happen. Who prevented the correction? The outside money!
The government is so ignorant and technically sleeping at the switch.
Garth, you gave some negative reviews about the BC govt. Why?
To my mind, even with the 15% they introduced, a lot of us feel that this is not good enough. More drastic measures need to be taken asap.
Thank you Steve for the good work.
MF- Sucess like this?
“9 aboda sarah 37a”
I don’t believe a word of this. I think that most of the commenters here are millennials living in their parent basement, part time fast food workers or senior pensioners renting in a government subsidized building!
Jesus, did a bit of coding last night. You would think the bastards would say thank you. Nope. I get a political email just now while waiting for the sun to raise.
Hello
I have a concern with how the changes to the scheduling tool is being managed. I understand you recently provided new masters to the business (what changes were made, were the master shared across the country or only in SCO?) which they are now experiencing issues with. I have a concern with Tania being ask to assist when she was not involved with the changes and would suggest if your changes are not working as expected that it should be your responsibility to assist the staff.
In future, can I ask when Tania’s assistance is required that you reach out to myself or Robert first and not go directly to our staff.
Thank you
Patsy
On the ear buds right now.
https://youtu.be/9FCBg3GmzQM
For a visual @smokingman on Twitter.
Dancing by myself by the pool with this on the buds. Screw it, not going to bed… Why extinguished a good high..
https://youtu.be/mfwN0X8YnWo
ConocoPhillips Canada lays off 300 employees in September
https://ca.finance.yahoo.com/news/conocophillips-canada-lays-off-300-213656564.html
ConocoPhillips Canada is laying off 250 to 300 employees in Calgary starting this week, as part of a global staff cut of 1,000 employees, CBC News has confirmed.
“As announced back in July, the majority of reductions will be in our Calgary head office,” spokesman Rob Evans wrote in an email on Sunday.
Employees were informed the cuts would take place around the third week of September, and now the company confirms the reductions will begin this week, Evans said.
The share of Canadians expecting real estate prices to fall has reached the highest level in seven years, driving consumer confidence to its third-consecutive weekly decline.
http://www.bloomberg.com/news/articles/2016-09-12/fading-housing-optimism-deepens-decline-in-canada-confidence
http://www.mortgagebrokernews.ca/business-news/canada-regulator-sets-out-stricter-mortgage-rules-for-banks-213629.aspx
#94 Godlike
“MF. Your an idiot. Do some reading. Normalcy bias.”
I was thinking the same thing but couldn’t post those words otherwise Garth would delete me (he holds me to a higher standard than everyone else, I assume).
Well, you know I couldn’t pass up this topic….
But give MF a break, he’s a young lad, and he’ll learn… eventually. Even Smoking Man, who makes fun of conspiracy guys like me, admits that Building 7 was obviously pre-laden with explosives: “pull it”.
Nothing has been “proven” concerning the official story. Only fools would believe it so that they can remain comfortable with their sad lives. Oops, sorry, Garth. Ignore that one. We caught Jamie Foxx acting among all of the FAKE eyewitnesses from that day. Jennifer Aniston even got in on the action. You can find my articles on the web, there is no excuse.
Just like all of the fake news disseminated to you FREELY everyday, the 911 event was a script. The buildings were professionally demolished. How stupid do you have to be, to not understand this? You’ve had 15 years to examine the evidence, there is no excuse.
But I also learned something else yesterday: The American is a troll, she seems to contradict herself and be everywhere and involved in everything all at once. “Present”? What does that even mean? We were all fed video on that day and nothing else. We all got the same info. What do you know that I don’t? Exactly.
Theam song for this pathetic blog.
“Doom And Gloom”
I had a dream last night that I was piloting a plane
And all the passengers were drunk and insane
I crash landed in a Louisiana swamp
Shot up a horde of zombies
But I come out on top
What’s it all about?
Guess it just reflects my mood
Sitting in the dirt
Feeling kind of hurt
All I hear is doom and gloom
And all is darkness in my room
Through the light, your face I see
Baby take a chance
Baby won’t you dance with me
Lost all that treasure in an overseas war
It just goes to show you don’t get what you paid for
Bowing to the rich and worrying about the poor
Put my feet up on the couch and lock all the doors
Hear a funky noise
That’s the tightening of the screws
Feeling kind of hurt
Sitting in the dirt
All I hear is doom and gloom
But when those drums go boom boom boom
Through the night, your face I see
Baby take a chance
Baby won’t you dance with me
Yeah!
Baby won’t you dance with me
Ah yeah
Fracking deep for oil but there’s nothing in the sump
There’s kids all picking at the garbage dump
I am running out of water so I better prime the pump
I am trying to stay sober but I end up drunk
We’ll be eating dirt
Living on the side of the road
There’s some food for thought
Kind of makes your head explode
Feeling kind of hurt
Yeah
But all I hear is doom and gloom
And all is darkness in my room
Through the night, your face I see
Baby, come on
Baby won’t you dance with me
Yeah!
Yeah!
Baby won’t you dance with me
I’m feeling kind of hurt
Baby won’t you dance with me
Ah yeah!
Come on
Dance with me
Sitting in the dirt
Baby won’t you dance with me
Cell phone calls made high in the sky 35,000 to 40,000 feet in 2001 with lengthy calls and clear as a bell were just for the sheeple. GUESS WHAT: The technology did not exist for this to happen until 2004, and by 2006 the first airlines began to install this new technology called picocell. For the first time in history high altitude cell phone calls could now be made on a commercial airliner.
And a fine how do you do to you. Thanks for not posting my comment. So do you only hire Canadians to post these comments?????? I really thought they were for real!!!! Naive American that I am I really thought this blog was real. Now I will always harbor thoughts about that crazy old man who is in the next cell. No confirmation that you know Smoking Man personably, so I must presume that SM mis just one of your multiple personalities.
At least delete my post and ban me from the site. After eight years of silence, it was foolish of me to take the VITAL an VALUABLE time remaining in this life to comment on your blog. I apologize from the bottom of by heart for believing it was real.
prediction**
Hillary misses first debate. Cites health reasons. Laryngitis.
If I were unemployed in Calgary would get a job as courier or delivery driver. Gets you access into businesses. People hire those that they know and like.
Unless in Public Sector – whereby the Diversity Hammer will crush most people- like me.
You can pry Capitalism out of my cold dead hands.
So taking free-form information, self-reported with no verification possible on the internet in a comments section where everyone wants to have people think their username’s opinion is the BEST on earth and valid…results in data you believe we should hold to be truth and discuss with any relevancy?
Even if every poster who commented was 100% truthful, and the responders were a valid sample of your readers (both of which I would bet my life are not the case), the free form nature of responses with some people providing household income and some individual income, some people giving a commuted value of their pensions and others not including anything for pensions, some net worth investments being pre-tax and others being post-tax, some putting what they paid for a house in some calculations and others putting what the current market value of the house in others…the data would be useless due to mixing all these different ways of interpreting the request for info.
If you want to infer that your readers are better off financially than the average Canadian from this poll, I 100% agree with you; and would say that is true of most readers of personal finance blogs of this nature. People without money don’t want to know what % of their portfolio should be in small-cap, unhedged, international ETFs.
But sure, resort to ad hominem instead when a reader with a brain points this out, that’s more “clever”.
Hillary’s out of the race, will Tim step in…. concede? Will Obonehead declare martial law as his only option to hold onto his ‘legacy’? Let’s face it..his ‘legacy of lies’ is going to land he and Hillary in jail if Trump wins. The two of them deserve to be deported.
Can anyone imagine the fretful nights of sleep deprived diarrhea T Ball Trudeau and his antediluvian sycophants and liberal policy challenged hacks are having now that Trump will be president. The Trump Machine is light years ahead of PM Petard. Justin will be eviscerated publicly and we’ll have decades of pain to look forward to at the damage Juice Box Justin has aslready done. Once Trump is done squeezing The Juice Box Canada will be on its knees. We may have to beg Harper to come back ….if for no other reason than to have a man at the helm.
Andrew Chan, please note from the original “who are you” post, people in 60-70 range have noted specifically NO DEBT, house is paid off, and savings reflect a lifetime (40years+) of saving, investing, and compounding. Wash, Rinse, Repeat. That includes visiting this blog to keep on the program and not get distracted with friends/family advocating LOC lifestyle.
If Trump becomes POTUS I will be like
WTF
And bow down to the Smoking Man
Apparently with my NW I should be 100 yrs old
I don’t trust the numbers either. Very few people have any money in Toronto, except the uber rich.
Medium household income of 76-78 k in Toronto says it all.
I can not comprehend how a family with let’s say 1 kid can live on less then 130-150 k a year before taxes here. Absolutely impossible.
House or no house makes little difference. rent vs property taxes, maintenance, repairs, utilities, pretty much the same ongoing costs that simply can not be reduced, no matter what.
Everyone is ‘house rich’, this is where the high net ‘worth’ is coming from, very few have government pensions (don’t count on them too much in long term when CAD depreciates).
The paradox is that the more indebted we become, the more our assets/houses etc. are ‘worth’ and voila, the richer we become!
Pure smoke and mirror, but the ‘wealth’ effect is present apparently with the rising prices in everything.
Moved the family to Europe, finalizing my Business and moving there as well along with all my assets.
Good luck,
#155 Jane Camden Smyth:- Since when was Harper ever a man at the helm? Do you mean when he hid in the closet? Harper never had the time to grow a pair and was a Peter Pan living in his Neverland playing the piano nightly for his Tinker Bell.
a “noble” handshake?
…”Private Eye had run a story about an elaborate tax-avoidance scheme that had been set up in 1997 by more than 20 investment banks and other companies. By using trusts and paying their British staff off-shore, they’d all avoided paying National Insurance in the UK.
Eight years went by before HMRC successfully challenged this ruse — and each company then settled and paid up. Except Goldman Sachs.”
Read more: http://www.dailymail.co.uk/news/article-3782591/The-new-robber-barons-MARGARET-HODGE-Starbucks-Amazon-Goldman-Sachs-ripping-billions-British-taxpayers-civil-servants-tax-chiefs-helping-them.html#ixzz4K3qEefUd
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Trump just won the election. Invest accordingly. Hillary’s handlers claim she has pneumonia but comes out of her apartment and embraces a 7 year old girl. Walking Pneumonia is contagious and can be lethal to the elderly, the young and the immune compromised. What the hell is her medical team doing? She had a seizure as the vehicle pulled up to take her away. the only thing keeping her up was the concrete security pillar she was leaning against. The secret service had to literally carry/drag her into the vehicle. They lifted her right out of her shoe. Total loss of neurological control.
Another one of those days:
Nasdaq up a full point in just a few hrs, yet tsx down 0.15 pt.
Often it tends to follow US markets, but not today I guess.
There has to be some serious conversations taking place about H’s health.
Hard to calculate the damage control. It is Joe Biden time.
Pull the trigger.
#137 CJBob
You’re an idiot. An assumptioner.
I have Posted regularly over the years on Garth’s Blog I live by two rules. 1) Always put my own Freedom First. 2) Help others.
#149 Smoking Man:- Are you asking Wynne for a dance now within the darkness of your room?
“Generally people brag or exaggerate to make themselves feel better.” – CJBob (comment #137). It could explain why the Donald is a legend in his own mind. I see a sad excuse for a human being. At least he is not bought and paid for or wanted by a complacent status quo.
Trump and Hillary are just two of the many who leave the world a better place after their passing. The trouble is whether the replacements would be better.
I am short on kindness today as a consequence of exasperation.
http://alvinalexander.com/photos/two-vultures-patience-my-ass-im-gonna-kill-something
#150 Context on 09.12.16 at 10:58 am
airbus i cam on, had satellite phones in business class in 98.
i think that iridium satelites phone started commercially in 98, but there was some paid phone comunication before them.to. iridium company went bust in 99 and it was sold to some guy for 20 somerhing milion.
funy thing us gov and motorola were ready to crash all satelites, after poring 1.5bil in to the project. good thing sane tought prevailed.
i think that all iridium satelites are start or go down on sep 19. this year, 7 days and counting, new satelites are designed to be reflective, and grid will cover lot more comparing to what is now.
http://www.astropix.com/IMAGES/BEGINNER/Iridium_Flares.jpg
#155
Eat your heart out, babe. Harper’s gone off to make some money. He’s tired of being a poor politician.
Obviously not a blog dog.
Odds of a September rate hike are currently 38%. — Garth
And NOW what are the odds?
#152 Penny Henny on 09.12.16 at 11:35 am
prediction**
Hillary misses first debate. Cites health reasons. Laryngitis.
——————————————
Did you mean Lyinggitis?
Sheane, I own my house, have a wife, 18 month old son, and a dog. The bills (tax, insurance on 2 cars, internet, hydro, water etc.) run me $10K. I spend another $30Kish on food / travel etc. So we live on $40K a year, and quite comfortably. It is far from impossible.
should read not to be reflective
At #148: Eks dee Sipal, you claim I am involved in everything at once? Perhaps you should understand my role within the realm of Global Transaction Banking and the impact large industries have within this business, including RE. Additionally, I was present in Virginia that day and witnessed the carniage. Does that help you better understand what the term “present” means? I hope so. You assume I was watching news footage. It’s apparent how small you think, being a Canadian and all. :-) Seriously, you have a very myopic viewpoint.
B.C. urges federal government crackdown on real estate tax cheats
KATHY TOMLINSON AND ERIN ANDERSSEN
VANCOUVER and OTTAWA — The Globe and Mail
Published Sunday, Sep. 11, 2016 9:43PM EDT
Last updated Monday, Sep. 12, 2016 5:34AM ED
http://www.theglobeandmail.com/real-estate/vancouver/bc-urges-federal-government-crackdown-on-real-estate-tax-cheats/article31822706/
For conspiracy theorists:
cell phone handoffs and design of cell towers’ antennas.
For everyone else who forgot to turn on “Airplane mode”, just before you remember that and turn it ON, try to access your network from the low flying plane (not during takeoff/landing or very high up) (and it is 2016 now, not 2001)
Garth,
You and Steve sound like alumni of “The Chinese school of statistics”.
What a joke the stock market is ,sell when U.S FED say’s rate’s are going up ,buy when they say rate’s are going down ,rinse ,repeat.
#158 Sheane Wallace on 09.12.16 at 12:41 pm
I can not comprehend how a family with let’s say 1 kid can live on less then 130-150 k a year before taxes here. Absolutely impossible.
….. I think it’s most definitely possible, many would agree. Although maybe not to your contrived standard?
If your retirement security is built on your home, now might be the time to sell
http://business.financialpost.com/personal-finance/retirement/if-your-retirement-security-is-built-on-your-home-now-might-be-the-time-to-sell
Mom and Dad still have a little money left in the piggy bank for junior to buy a condo. https://betterdwelling.com/city/vancouver/vancouver-condo-prices-rise-22nd-month-row/
#175 isuckless: There were millions all over the world watching day and night the big event unfolding. Only a dozen sites were monitoring the articles and videos as MSM pushed the propaganda. I had to put in at least 3000 hours to get the big picture focused, but there was just one piece of the puzzle left to bring it all full circle. Finally on March 20, 2015 a lady stepped out of the darkness as had that piece and so much more to share.
#161 Marcus
Does she have the boogie woogie flu too?
#119 bdy sktn on 09.12.16 at 1:24 am
#72 Ace Goodheart
………….
You usually seem spot on but your Google history is off by nearly decade.
In 1989 Larry and serge had not yet met and were still a few years from stanford (and finishing puberty)
Company Founded 1998 ipo 2004.
Search engines were not new then. (My biggest mistake ever was thinking Alta Vista was plenty good and the goog ipo was way overpriced!!!)
Sure did love that commodore 64 though.
————
Was going to clarify this, but saw you already did!
Never did like the Commodore 64 (1982), having bought an Apple II used in 1978.
Glad to see someone else in the same boat and cannot predict the future. My 3rd biggest mistake was thinking Alta Vista was plenty good running on my Macintosh and the GOOG IPO was W-A-Y overpriced.
2nd Biggest mistake not buying Microsoft stock when they IPO’d.
1st biggest mistake was not buying a ton of AAPL stock when they were on the verge of bankruptcy and Steve Jobs returned!
Now I’m wondering if one of Elon Musk’s companies is going to be the “next big thing.”But like GOOLE, Tesla stock is too expensive.
But, but, but the GT blog comment section usually only receive about 180 comments daily but when asked for details info over 1000 and high income. People become other people in a silent survey,that is my guess, and having a little fun at the same time.
If Bernie Sanders replaces Hilary Clinton I would vote for him. If you could form the good points of both candidates, Trump and Clinton, that would be Bernie Sanders.
As everyone here knows, the hawkish statements by Fed officials on rate increases and the corresponding decline in the stock market get replaced the next day with dovish statements and a stock rebound.
This is just like clockwork and has been for several years. I hope some investors are capitalizing on it.
Is it any wonder why nobody believes the fed will raise rates – apart from several years of warnings, each little market selloff spooks them into rescinding their hawkish statements. It looks like their 2015 tiny tiny increase was one and done – not the liftoff for rate normalization.
This has become so predictable as to be pathetic – zero credibility with the FED. Period.
#173 The American… That made my day, thanks for the laugh… “Global Transaction Banking”. So, you’re in RE? Well, that much was obvious. I witnessed the carnage too, what does that prove? That some brown guy in a turban (actually it was Tim Meadows from SNL) from a cave, brought down two skyscrapers at the speed of gravity using some type of jet fuel that can melt 3-foot steel beams? Ha. Okay, anyway, have a good one… Still laughing.
I can not comprehend how a family with let’s say 1 kid can live on less then 130-150 k a year before taxes here. Absolutely impossible
whut?
Why does the individual “Smoking Man” allowed to post stupidities on here? He really seem to be a raging alcoholic, not merely impersonating one.
Sad.
A bit of a discredit, yes?
visa fraud down under “rorting”
…”Some investigations revealed thousands of skilled migrant applicants had lodged bogus qualifications from private colleges, funded by the Australian taxpayer, and in some cases excellent counterfeit degrees from our most prestigious Victorian universities.
“One investigation identified up to 4,000 applicants who used such documents to apply for skilled migration.”
…fixer was caught on a hidden camera telling an undercover operative he knew employers in Sydney and Melbourne willing to create fake jobs for foreigners.
——
http://www.abc.net.au/news/2016-06-27/corruption-and-widespread-rorting-undermining-immigration/7537270
#177 jay on 09.12.16 at 2:43 pm
What a joke the stock market is ,sell when U.S FED say’s rate’s are going up ,buy when they say rate’s are going down ,rinse ,repeat.
————————————————————————————–
Don’t let the fact that the Fed has been threatening increases since 2012 and only raised once from 0% to .25% fool you. “Rates are going up”, cried the boy who solemnly swore that he had just seen a wolf.
Many days, Bay Street and Wall Street make CREA and their creative stats look like it is being run by Albert Schweitzer.
Got a 15% raise since the survey was conducted. I’m up from being “below average” to almost exact average for my age group, according the stats.
Regarding couples net worth being higher, I wish… I wish I wasn’t married to a deadbeat who hasn’t had a stable job in almost 9 years. My networth is less than half of what it would’ve been if I remained single.
#186 Eks dee Sipal:- El Americano es de loco. Si?
#183 cramar:- Thanks for the reply that I saw on Erie Street South and don’t worry about past mistakes as had a few myself. Never gamble on the future and for now think safety and balance. The biggest scores that have ever made was thinking about what would be the last to go for the average family during a Depression and bought those stocks that would survive it all.
well. looks like someone hired mr harper
dentons……a law firm
not as a lawyer,god no.harper has no bona fides
something else , so I took look at the glassdoor web site that provides dentons employee salaries
closest I could come up with, file clerk, $28,000.00, not bad
even nigel turned him down for a job
perception is where it’s at
Context, please remember, I’m not the one who subscribes to the lunacy of your conspiracy theories. Who’s loco? You’re in a small realm of individuals who would agree with your inanity. Oh yes, did I fail to mention I speak Spanish as well? However, I should point out you need to brush up on your Spanish… Your grammar, understanding of conjugation, and structuring is awful.
Context, you clearly have no understanding of GTS and how large industries, such as RE, impact it. The two are not one in the same, but it is indeed my job to understand RE from top to bottom for residential and commercial within banking. As for what you saw, you were not present that day. You viewed from a television screen.
Confidential emails revealed in the Panama Papers have opened a new front in a bitter court battle in Nevada involving a hedge fund led by an American billionaire, new court filings show.
https://www.icij.org/blog/2016/09/american-billionaires-hedge-fund-sues-mossack-fonseca
#191 Juila S.
I usually don’t give advice to others; you might want to cut your losses with that spouse. I know from experience (took me several times to learn as I was not so wise in my younger days). Deadbeats don’t change and can suck the life right out of you.
OnF51
#7 The Nature Boy on 09.11.16 at 4:01 pm
…..”If only they’d teach personal finance in high school….”
Nooooo. Pre-school. I listened to my parent’s financial conversations at the kitchen table from the age of 6. How to get every bill paid and avoid borrowing with 4 rugrats in tow.
Of course, back then borrowing was far more difficult.
http://www.timescolonist.com/business/chinese-companies-want-courts-to-seize-b-c-properties-1.2340761
“Belfountain General Store”
What a gorgeous name, rolls comfortingly off the tongue, much like the delectable ice cream I know it serves.
Long may this friendly and welcoming enterprise thrive.
Now we know, it’s a blog for the 1% only!
#133 Grey dog
Yes, DC and DB pension values were included in the NW calculations depending on how the poster reported their assets. Some people were close to retirement age and could commute. No judgement was applied.. The average poster would just mention the DB plan and not report it as an asset though.
I blame this blog for my net worth. Renters are not faring to well…