telecom, technology and the occasional floobergeist

I’ve got an abundance of bits and pieces of canadian telecom and internet experience, and I am thrilled to be in a place in time when all is changing, technology is developing, and the status quo is being disrupted. 

Floobergeist is a word that is beginning to defy definition.  The more I roll that smooth pebble around, the more it becomes to mean. Floobergeist started out as the magic dust that turns dreams into ideas.  And then it began to encompass the zing that happens when you have conversations about those ideas. And now, it’s the whole evolution from dream to conversation, with each step improving the later and the former along the way.

Everyone aspires to good conversations. They can lead you to adventures you’ve never imagined, and to people you can twig with.

Let’s have a good conversation…


Houses, Salaries and Debt

Sitting on my back step, it's always made me curious what sorts of lives the people in my wee subdivision lead. What do they do, what are there house layouts like......
It's sort of an expensive subdivision, it's no Bridle-Path or swanky Richmond Hill address, but its' mortgage load is above average, so to speak. Let me even take one step back - all neighbourhoods north of Toronto carry a high price tag... +$400k for a detached home. A home that requires a household income greater than $150k to sustain.

I then wander over to Glassdoor.com, a new site that tracks salaries in North America via anonymous reporting and ratings of various employers.
Unless you are a rocket scientist at Google, or a serious banking type or corporate executive, it's unlikely you are making much more than $70K, and that's an excellent job in Canada.

The exceptions - folks making over $120K must be few and far between, based on the Glassdoor results.

Not everyone in my neighbourhood can be a V.P of something fancy. So - if most have a reasonably average paycheck, how the heck are they paying their mortgage and living? Where are these people working? Is there a cache of secret, super-highpaying jobs somewhere in Ontario?

Sure - households can have 2 incomes, but as soon as you throw some kids into that, your debt ratio must trampoline through the roof.  There are A LOT of kids in my neighbourhood. Is everyone living off of credit? Do the nice folks two doors down with the great backyard have thousands in debt? I don't mind coveting their back yard, but not if their debt comes with it.

I don't get it. Some families I know had more than $80k of debt, just from living expenses. Carrying it until a time when their situation can change and they can pay it off. Even debt in the $20k range scares the heck out of me, if it's been created to support a household.

It's the great unknown, I suppose. Hefty mortgages, average household incomes, ridiculous debt. Welcome to Toronto.

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