F2F Class Notes _14th June (Harmony)

June 14, 2016Demo StudentEve

Reading:

wage (wayje)

debt (det) – silent b

Toronto (tore – on – to)

Vancouver (van – ku – ver)

Digits (dih – jits)

Boom

Inevitable: unavoidable.

Headed our way: coming towards us/ coming closer.

Eg. Summer is headed our way/ the storm is headed our way/pick me up if you are headed my way.

To discount something (advice/warnings): to write it off/ to not take it fully.

Eg. Don’t discount your mother’s advice, because she is a smart woman.

“the boy who cried wolf/ crying wolf”: no one will believe you because you lied before/it didn’t come true before.

Write something off: to absorb the debt yourself/ not take sth into consideration.

Eg. Some people will write Johnny off because he drives an old car.

Eg. I had to write off the dishes that Johnny broke in the store.

Defied: to challenge the power of sth.

Eg. Children always try to defy their parents.

Eg. He defied me, so he will get no dessert.

Recession: when the economy isn’t doing well, stock market, employment, business has all declined.

Household debt: it’s both consumer debt (credit cards) combined with mortgage (bank loan).

Mortgage (more – gej): the loan specific to your house.

Eg. I bought a very expensive apartment so I became a slave to my mortgage.

Mortgage + consumer debt (credit cards/car loan) = household debt

Detached home: a house that isn’t attached to the neighbours.

Flipping houses: buying, renovating and reselling.

Eg. My cousins makes a living flipping houses.

“A thing”: trend/fad/popular.

Eg. Wearing black dresses is a thing these days.

Hike: going up/increase

Boom: a period where sth does really well.
a period of rapid economic growth, prosperity, high wages and prices, and relatively full employment.

Eg. Housing boom/ population boom.

Eg. Usually after every boom, there will be a recession.

Fraud: anything illegal, usually used to deceive someone to make money.

Eg. Credit card fraud – taking out a cc in a fake name.