{"id":64,"date":"2013-11-17T18:43:59","date_gmt":"2013-11-18T01:43:59","guid":{"rendered":"https:\/\/blogs.ubc.ca\/wesleyhong\/?p=64"},"modified":"2013-11-17T22:43:08","modified_gmt":"2013-11-18T05:43:08","slug":"overpriced-vancouver-re-financial-retirement","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/wesleyhong\/2013\/11\/17\/overpriced-vancouver-re-financial-retirement\/","title":{"rendered":"Overpriced Vancouver?"},"content":{"rendered":"<p>With today&#8217;s Westcoast lifestyle being so costly families are stuggling to sustain themselves. Vancouver being one of the most expensive cities to live in, some traditions had to change. \u00a0 The costly lifestyle has caught many of my friends attention as Jon Li blogged about the <a href=\"https:\/\/blogs.ubc.ca\/jonathanli7\/\">increased difficulty of \u00a0financial retirement <\/a>and Jason Cion commented on the recent <a href=\"https:\/\/blogs.ubc.ca\/jasoncion\/2013\/09\/10\/canadian-businesses-moving-south-of-the-border\/\">brain drain of Canada<\/a> due to minimum wage.<\/p>\n<p>With retired people downgrading their homes and saving money for their children, many retirement plans turn out differently than the elderly have expected. If grandparents want to be able to leave some money for their children their strategy must be to invest (and take upon some risk) rather than save. \u00a0 Not only are youths unable to move out, but now the elderly can not enjoy their retirement!<\/p>\n<figure style=\"width: 574px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.financialplanninginfoguide.com\/image-files\/b7-financial-planning-pyramid.jpg\" width=\"574\" height=\"374\" \/><figcaption class=\"wp-caption-text\">What the elderly have to think about<\/figcaption><\/figure>\n<p>Another quickly approaching topic is the current battle to keep Canadians working for local companies. Many companies are moving toward the states because of the cheaper costs and lower minimum wage. As we have learned that many companies are outsourcing their resources, Canada struggles to keep its workers within its own countries. While some companies can like Zappos can still afford to employ locally, most companies prefer to outsource and save.<\/p>\n<p>&nbsp;<\/p>\n<figure style=\"width: 330px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" alt=\"Outsourcing \" src=\"http:\/\/community.plu.edu\/~econ331\/img\/reasons-outsourcing.gif\" width=\"330\" height=\"249\" \/><figcaption class=\"wp-caption-text\">Why companies choose to outsource<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>With today&#8217;s Westcoast lifestyle being so costly families are stuggling to sustain themselves. Vancouver being one of the most expensive cities to live in, some traditions had to change. \u00a0 The costly lifestyle has caught many of my friends attention as Jon Li blogged about the increased difficulty of \u00a0financial retirement and Jason Cion commented [&hellip;]<\/p>\n","protected":false},"author":19165,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[621],"tags":[],"class_list":["post-64","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/posts\/64","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/users\/19165"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/comments?post=64"}],"version-history":[{"count":4,"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/posts\/64\/revisions"}],"predecessor-version":[{"id":82,"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/posts\/64\/revisions\/82"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/media?parent=64"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/categories?post=64"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/wesleyhong\/wp-json\/wp\/v2\/tags?post=64"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}