And he still won't answer the question... but dont worry, you dont want his advice about money anyway unless you are looking to lose it all. Mr bankruptcy is the last person ill take advice from.Tbayer2021 wrote: ↑Sat Dec 13, 2025 11:22 amTFTMB heavy wrote: ↑Sat Dec 13, 2025 11:11 amLike I said I'm GEN X not a boomer so I was fortunate enough to not have to pay 9% interest on a house. I did have the pleasure of having my first job pay me $300/week and had to find place to live near there.Tbayer2021 wrote: ↑Sat Dec 13, 2025 10:56 am
Curious, you won't answer how much you paid for that house that you mentioned you had 9% interest on it. Or is because you realized that 9% interest on 200K is a tiny bit different than say, 4% or even 3% on 800K?
My first house was a mobile home actually and I was lucky enough my ex wife had the down payment saved up because I sure didn't with what I was making. We lived within our means and every time we moved we never bought the place we wanted, we bought the one we could afford. Used cars, no Uber eats and eating out every day and we made coffee at home.
I fly with some FOs that are broke and some have rental properties. Before you go pointing at other people you think had it easier than you make sure you don't have a finger pointed right back at you for how you chose to live your life.
My apologies. My question was directed at cndavater since he mentioned he had to endure 9% interest on his first home as a sign of how difficult he had it. I was curious how much he paid for said house to plug it into a mortgage calculator and compare and contrast that with mean salaries in Canada at that time. But he doesn't seem to be interested in answering the question. He seems to be of the opinion that because he had a rough go at it in aviation, it also means his cohort was just as disadvantaged.
Average home prices in Toronto during 1981, the period that rates shot up to 21%, was $90,203 according to Toronto MLS. Add to that the fact that I believe 40 year mortgages were possible back then, or was it 35?
I'd be willing to bet that if cndavater was starting out today with his current salary but without the benefit of already having been on the property ladder. He could not afford the same lifestyle he has today, if he would even be approved for the house he owns.
I agree with TFTMB that the wastefulness of the young generation is out of control and they really dont know what theu could afford if they actually tried. They definitely want everything, right away and have never heard of delayed gratification.
BUT, the fact that the Sr guys are getting a 100k raise and the starting wages are still 85k in the most expensive cities in the world at the Flag carrier is so sickening it can't even be joked about. The fact that you guys think its acceptable is abhorrent. Gripe about the wastefullness of young guys all you want, you can't live as a single person in any of these cities for 85k other than maybe a dingy basement apartment and even then youre just getting by. Dont even think about raising a family. If you think thats OK, you are clearly the one negotiating the contract and a yes voter.
Im financially comfortable, and happy, and I definitely take issue with the attitudes of some of the younger generation, but make no mistake about it, we are living through the largest transfer of wealth in history. Ill give you a guess which way its going. Do some research if you think im making it up.
Also, i could pretty much guarantee that the starting salaries would absolutely be enough for everyone if they they were in the range of 130-150k. I bet youd have almost no complaints. Interestingly enough, that would still be a smaller raise than the 777 captain with 3 ex wife's already making 300k got....







