The Investment Thread

I rented a house in the outskirts of Kitchener Ontario for a few years. New build in 2017. It has 3 beds, 3 baths. 1400 sq ft. Lot size 7000 sq ft.

It was a nice small house. Moved back to the states recently. But was curious what the landlord was going to do with it.

They listed it on September 29th for 869K. It sold in 4 days at 950K. Unreal. Truly insane.

At 5% down with a good interest rate your mortgage would be $4200 per month.

If your household income was $140K, you would take home about $105K. That's $8,750 a month after taxes.

48% of your entire net paycheck straight towards mortgage. And you still got utilities (200), phone (70), car (300) , food (400) student loans (300), and we haven't got into retirement savings.

So glad I got out. The cost of living in upstate SC is unreal compared to Ontario.

Edit: Fun fact about that house in Kitchener. The landlord bought it for 550K and owned it for about 40 months. It's sold for 950K.

That small house appreciated in value by exactly $10,000 every single month that he owned it.