if i wanted to live at Keele and Lawrence, i'd just move to Barrie and be Lnxguy's bottom bitch.

With the cost to borrow being reduced, what is the rationale behind renting?
Though I do get that renting at a low cost makes sense if you are aiming for something specific later on!

rent ftw

With the cost to borrow being reduced, what is the rationale behind renting?

if i wanted to live at Keele and Lawrence, i'd just move to Barrie and be Lnxguy's bottom bitch.

got our mortgage down to $800 a month...then again we live in this ghetto called mississauga

... $800/mth? Holy shit...

got our mortgage down to $800 a month...then again we live in this ghetto called mississauga

why is everyone blown away by $800/month mortgage?

because house. Not some condo slum

or maybe someone bought their house before the huge price inflation??

that's what a lot of people forget.. If I bought a house 10+ years ago, my mortgage is significantly smaller than someone who's entering the market right now.

ahhh...

maybe he dumped a 500K inheritance as a down payment

or maybe he lives hear cawthra and dixie or whatever shit neighbourhood is now in Mississauga lol

So wait, people think $800/month is high or low? Fack I wish mine was that low.

So wait, people think $800/month is high or low? Fack I wish mine was that low.

wtf, how much are people paying for their mortgages?

wtf, how much are people paying for their mortgages?

might as well put your amortization period and payment frequencey as well to make sense of it.

Pretty much, without these numbers your monthly doesn't mean shit

<--- $605 bi-weekly, 25 year AM, rate is prime - %0.75. My mortgage is based on a 9% rate though (So I pay this bitch off faster).

Ballin'

Pretty much, without these numbers your monthly doesn't mean shit

<--- $605 bi-weekly, 25 year AM, rate is prime - %0.75. My mortgage is based on a 9% rate though (So I pay this bitch off faster).

Ballin'

I double up my mortgage payments, so every second biweekly payment is double and all goes to principal (effectively at current amort killing principal twi as fast, slows down as you are closer to pay off). Should be mortgage free by early/mid 40's for primary residence.

What's the bank prime rate that you're working with now then?

I double up my mortgage payments, so every second biweekly payment is double and all goes to principal (effectively at current amort killing principal twi as fast, slows down as you are closer to pay off). Should be mortgage free by early/mid 40's for primary residence.

Whatever TD's prime rate is.

you have a TD mortgage with prime -.85? damn, when was that term started

I have the same rate (P-0.85%) through Scotia. Mortgage was done in August 2011

wtf if i was paying $800/mo i'd be ballin out with my cawk out!

$935/bi weekly.

Exactly this.

I would be driving a C63 if my mortgage is only $800/month. CSi is filled with baller with huge downpayment.

wtf if i was paying $800/mo i'd be ballin out with my cawk out!

$935/bi weekly.

$935/bi weekly.

Exactly this.

I would be driving a C63 if my mortgage is only $800/month. CSi is filled with baller with huge downpayment.

+1

And of course there's property tax...1st installment should be soon? Haven't received my tax bill yet.

speaking of amg's. Some guy rolled up to the gas station lastnight in a whie c63(with winter tires at least) and proceeded to pump gas with the engine on because race car. He was wearing pj pants and a puffy (with furry hood )parasuco jacket. Thought I was at walmart for a minute. So confuse.

can you even save? that sucks wang

oh it was!

Rule of 90 (ninety less your age = % of net worth in your home)

yea i was able to keep my deduction for savings from every paycheque the same since i've started at the hospital. it's going.