Who has the most debt?

[ZenOps]

http://www.cbc.ca/news/canada/toront...ment-1.3313348

Ok, so the people who seem to be willing to admit it are usually under $100,000.

But I get the feeling there have to be some near million if not million dollar debts out there. "Friend" is fine, and does your "friend" intend to pay it off or default at some point?

[roopi]

160k on a LOC.

[Rocket1k78]

Originally posted by roopi
160k on a LOC.

Stupid yes but I'll bet this is not that uncommon

[killramos]

I was really hoping this was going to be a poll of beyonders like the who is the most baller poll.

Dissapointed.

[phreezee]

The government doesn't care about debt, why should you? Who needs to save for retirement anyway with the increases to CPP, we're all set.

[you&me]

Originally posted by killramos
I was really hoping this was going to be a poll of beyonders like the who is the most baller poll.

Dissapointed.

I bet you could just use the same results...

[Buster]

Originally posted by ZenOps
http://www.cbc.ca/news/canada/toront...ment-1.3313348

Ok, so the people who seem to be willing to admit it are usually under $100,000.

But I get the feeling there have to be some near million if not million dollar debts out there. "Friend" is fine, and does your "friend" intend to pay it off or default at some point?

Well, at least we know she didn't spend it at the salon.

[Cdog]

does debt include mortgage? if so, most of people in major cities will easily have their debt over $500,000

[bjstare]

Originally posted by you&me


I bet you could just use the same results...

haha

[killramos]

Originally posted by Cdog
does debt include mortgage? if so, most of people in major cities will easily have their debt over $500,000

you think the average person in this country owes more than 500k? You know that probably most of the municipalities in Canada don't even have homes in them that cost more than that?

And that's even with the assumption that the average person owns their 500k+ home by themselves.

Oh yea. No one rents.

Fuck we are deluded in Calgary.

[cosmok]

What are tuition rates these days to have $50k in debt after university in Canada? Seems high

[killramos]

Originally posted by cosmok
What are tuition rates these days to have $50k in debt after university in Canada? Seems high

http://www.registrarsoffice.ualberta...Residents.aspx

here is a good idea.

532 per course. 5 course a semester. 8 semesters.

$21,283.2 is what you would actually pay for tuition for a 4 year normal degree.

Books, fees, living expenses on top of that. Also some degrees cost more.

[bjstare]

Originally posted by cosmok
What are tuition rates these days to have $50k in debt after university in Canada? Seems high

Tuition + Books + Room and board + vacations after every semester + buying nice clothes with the change of every season = easily 50k

I dunno when you went to school, but I'm only ~5 years out of Uni and I noticed that most students don't live like students. haha

[Nufy]

180 K on a LOC/Mortgage...

Then car payments x 2

Nothing else...

[pheoxs]

Originally posted by cosmok
What are tuition rates these days to have $50k in debt after university in Canada? Seems high

Living expenses add up fast. Engineering tuition I think is 8k roughly with books and fees and stuff, then you're probably looking at 10-12k between rent, food, and such living on a tight budget. So 80k over a 4 year period, minus what you make in the summers.

Lots of people will suggest juggling a part time job during school but with some of the programs with higher work loads that is just not feasible to balance and still succeed in school.

Originally posted by killramos


http://www.registrarsoffice.ualberta...Residents.aspx

here is a good idea.

532 per course. 5 course a semester. 8 semesters.

$21,283.2 is what you would actually pay for tuition for a 4 year normal degree.

Books, fees, living expenses on top of that. Also some degrees cost more.

Gotta be careful with this, the fees are almost as much as course tuition nowadays. I think my last semester was 2600 in courses and 1200 in BS fees

[cosmok]

Originally posted by killramos


http://www.registrarsoffice.ualberta...Residents.aspx

here is a good idea.

Looks like it is $5,772 per year on average, if you don't work much during the four years and had no savings going in, that number seems about right.

[killramos]

Its funny, every person i know who complains about their student loans never worked a single day during their 4 years. Because you know students need a break for the summer and heaven forbid working an evening job during the school term.

lol

[killramos]

Originally posted by pheoxs


Gotta be careful with this, the fees are almost as much as course tuition nowadays. I think my last semester was 2600 in courses and 1200 in BS fees

oh for sure, i was just trying to answer his tuition question. I did mention fees but trying to quantify them is pretty vain as they very so significantly.

[nzwasp]

$530k on mortgage
$15k on car loan

thats it.

[ExtraSlow]

Didn't we have a "net debt" thread earlier in the year?
Then we argued about mortgages and if they were somehow different from consumer debt, than we argued about "smart debt", and nobody won. Many people just complained that they were doing fine on the way they chose to compare things. or cried.

I still say that water displacement is a fairer measurement than just length alone.

BTW, what I recall from those threads, was that I'm not doing that well,