More Seattle restaurants close doors as $15 minimum wage approaches

gerryh

gerryh

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Nov 21, 2004
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a 156,000 dollar mortgage at 3.39% is 770 per month. That 156k get's you a brand new 1 bedroom condo with some upgrades on the 3rd floor of a 4 floor condo. Brand new, not converted.

39% debt to income ratio. 34% mortgage to income.


Good thing your "girlfriend" isn't in the business anymore. Or maybe that's why "she" isn't.
 
Cannuck

Cannuck

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Feb 2, 2006
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gerryh said:
a 156,000 dollar mortgage at 3.39% is 770 per month. That 156k get's you a brand new 1 bedroom condo with some upgrades on the 3rd floor of a 4 floor condo. Brand new, not converted.

39% debt to income ratio. 34% mortgage to income.


Good thing your "girlfriend" isn't in the business anymore. Or maybe that's why "she" isn't.
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You forgot about insurance and condo fees
 
S

Sal

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Sep 29, 2007
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petros said:
My daughter works at a pub as a server. She pays her mortgage, car loan and insurance with her tips. Groceries, school expenses and gas with the $13.50 an hour.

I rarely hear "dad I need $xxx" anymore. I pay her tuition of $24,000 a year and the rest is up to her.

Question is ; " if she wasn't a hottie, would she be able to do that?"
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you have to be a hottie plus understand how to handle people and have customer service skills over the top

I am glad for your daughter and your pocket book and it won't be her career, but for others it will be and one is only a hottie for so long, then one needs a livable wage

I actually know a teacher who works at one of the steak houses here....she won't give up her serving job because the tips are so good

I would like the employer to absorb it instead of me when I eat out
 
Twila

Twila

Nanah Potato
Mar 26, 2003
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Cannuck said:
Obviously you're telling tales or its a shyte hole. $800/month for mortgage/taxes/insurance/mort insurance and condo fees isn't going to get much.
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You forgot strata fees. Condo's can have very high strata fees.
 
SLM

SLM

The Velvet Hammer
Mar 5, 2011
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London, Ontario
Sal said:
I would like the employer to absorb it instead of me when I eat out
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Don't kid yourself, you'll still absorb it. It'll just be buried in the price of the meal instead of an add-on based on the customers view of the service provided.
 
EagleSmack

EagleSmack

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Feb 16, 2005
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captain morgan said:
I think what you meant top say was that 'the tissue is not my girlfriend'... Hence, the sock puppet.

A technicality to be sure, but a sock puppet is still not a real g/f
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B00Mer

B00Mer

Make Canada Great Again
Sep 6, 2008
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Cannuck said:
In not talking about down payment. I'm taking about front end ratio. Do you know the difference?
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Actually, nope I don't know the difference, because I have always paid cash, up front.

Why would anyone need a loan when I can buy a 2 bedroom Condo, 1 bath, wood burning fireplace, for $50,000 to $60,000USD.

I'm sorry, but home prices in Canada are screwed. $250,000 to $300,000 for a Condo in Airdrie, I would never pay that for a condo or home. That's friggin crazy.

The minute you take out a loan, the price has doubled in Interest. Always pay cash.

1301 Memory Lane #4922, Arlington TX 76011, North: Condo.comâ„¢

1310 Harwell Drive #4714, Arlington TX 76011, North: Condo.comâ„¢

2301 Balsam Drive #M202, Arlington TX 76006, North: Condo.comâ„¢
 
gerryh

gerryh

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Nov 21, 2004
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condo fees, 160/month. Some of the lowest in Calgary. The point is, it IS possible to live on 15/hr full time. Calgary is not the cheapest city in Canada to live in and my son's are living proof that it is possible.
 
S

Sal

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Sep 29, 2007
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SLM said:
Don't kid yourself, you'll still absorb it. It'll just be buried in the price of the meal instead of an add-on based on the customers view of the service provided.
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maybe so but I don't like how they divide out the tips either

I really would rather it be included, and I don't like how some restaurants say "we will be adding another 15% for tip"
 
SLM

SLM

The Velvet Hammer
Mar 5, 2011
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gerryh said:
condo fees, 160/month. Some of the lowest in Calgary. The point is, it IS possible to live on 15/hr full time. Calgary is not the cheapest city in Canada to live in and my son's are living proof that it is possible.
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I'd be willing to bet with the low mortgage rates still being offered, adding on condo fees,utilities, insurance and property taxes it still probably squeaks in under market rents on a monthly basis too.
 
gerryh

gerryh

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Nov 21, 2004
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SLM said:
I'd be willing to bet with the low mortgage rates still being offered, adding on condo fees,utilities, insurance and property taxes it still probably squeaks in under market rents on a monthly basis too.
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Yup, everything in he pays less than he would for rent of the same thing.
 
SLM

SLM

The Velvet Hammer
Mar 5, 2011
29,151
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London, Ontario
Sal said:
I really would rather it be included, and I don't like how some restaurants say "we will be adding another 15% for tip"
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Personally I've only ever seen that if it's a big table with multiple bills or a very large party. And they're usually up front with it, so I'm okay with that.
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
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gerryh said:
condo fees, 160/month. Some of the lowest in Calgary. The point is, it IS possible to live on 15/hr full time. Calgary is not the cheapest city in Canada to live in and my son's are living proof that it is possible.
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It's all about managing your money. $7 pints and $60 bags of weed add up fast.
 
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