Has your office/company laid people off? PART 3

[Xtrema]

Originally posted by suntan
Bought first house in 2002. $195K. Next house in 2009. $535K. Added $100K to mortgage for that purchase. If I was in previous house I think I'd almost be done payments.

But in-law's house... They bought in 1970s for $30K. Sold for $400K in 2006.

A $195K house in 2002 would have sold for $400K+ in 2009. Story checks out.

That's exactly what I meant when house ownership is excellent equity builder before 2004. There is no way anything sold today will double in 2-3 years time frame.

[suntan]

Should have bought earlier. Friend got bigger house for $178K in 2001.

[Type_S1]

Originally posted by birdman86
My plan is one of two things:

A) MBA at a decent school (Queens, Ivey, etc)
B) Fuck office jobs, pursue furniture making

Don't go to queens if you have the ability and finances to actually do Ivey league or something in Europe. It is not a very respected program whatsoever.

Things arent looking good. I heard from a reliable source that additional cuts at Taqa are imminent. Also heard Conoco has another round coming in the new year with significant numbers. Arc will be cutting low performers after Christmas but will not announce/ call it layoffs. Rumors surrounding Harvest as well but not from a super reliable source. 1h 2016 will be tough with more restructuring and solvency issues.

[Xtrema]

Originally posted by suntan
Should have bought earlier. Friend got bigger house for $178K in 2001.

If I can go back time......those $1 houses in the 80s.

[Maxt]

Originally posted by Xtrema


If I can go back time......those $1 houses in the 80s.

Or maybe forward in time, depending on who's forecast you trust.

[89coupe]

Originally posted by Type_S1


Don't go to queens if you have the ability and finances to actually do Ivey league or something in Europe. It is not a very respected program whatsoever.

Not sure where you heard that from but Queens is highly recognized and respected in Canada.

[The_Rural_Juror]

Originally posted by Type_S1


Don't go to queens if you have the ability and finances to actually do Ivey league or something in Europe. It is not a very respected program whatsoever.

He mentioned Ivey, not Ivy. Queens is well respected.

[riander5]

Originally posted by suntan
Bought first house in 2002. $195K. Next house in 2009. $535K. Added $100K to mortgage for that purchase. If I was in previous house I think I'd almost be done payments.

But in-law's house... They bought in 1970s for $30K. Sold for $400K in 2006.

Wow in laws are investing geniuses thanks for sharing that stat

[finboy]

Meh

[suntan]

Originally posted by riander5


Wow in laws are investing geniuses thanks for sharing that stat

Thing is, he paid it off in like 12 years. They haven't had a mortgage for 25 years. Sure makes life easier.

[riander5]

Originally posted by suntan
Thing is, he paid it off in like 12 years. They haven't had a mortgage for 25 years. Sure makes life easier.

It does but that money in an index would have made them far more. Hindsight is 50/50 though

[haggis88]

Originally posted by riander5
Hindsight is 50/50 though

Is it different here?

Always thought it was 20/20

[Canucks3322]

50/50 lol...irregardless....

[nicknolte]

Originally posted by 89coupe


Not sure where you heard that from but Queens is highly recognized and respected in Canada.

Queens is so shitty and disrespected that they offer a dual mba with Cornell

https://smith.queensu.ca/mba_program...artnership.php

[lilmira]

Some shitty hindsight to be right only half the time lol.

[sputnik]

Originally posted by Xtrema


If I can go back time......those $1 houses in the 80s.

$1 to assume the mortgage.

Not exactly a house free and clear for $1.

[Xtrema]

Originally posted by riander5


Wow in laws are investing geniuses thanks for sharing that stat

Yeah, that's 30% annul return is you average it out.

Don't think we will see that again unless Calgary turns into a international city like Van and Toronto.

Originally posted by sputnik


$1 to assume the mortgage.

Not exactly a house free and clear for $1.

Well if I'm a time traveler, I would also have plenty of 1980 currencies to cover the payments. Cash was good in the 80s.

[pheoxs]

There's a housing crash thread, can we push this topic over there?

Hoping it's going to be a quiet december for layoffs, anyone heard anything though?

[phreezee]

What's the value of an MBA now a days? My thinking is that it won't get you a job off the street, but it will get you your next promotion at your current job i.e. don't do an MBA if your company isn't paying for it. True?

[killramos]

I think some bigger companies see value in it and it will help distinguish yourself for higher level roles versus similarly qualified people in the case that they are doing external hires. Experience is still king. but a formal education in things like finance etc never hurts for some of the more business oriented engineering roles.