Quote:
Originally Posted by JDMDreams
 but then what will happen? you sell and become homeless and rent? Rent will become $3000 a month due to higher costs and more demand. 
I think this might be an opportunity to make generational wealth, max out your helocs now so you have cash ready to go if there's any fire sells. Double down on bitcoin. |
I've never paid $2,000 - 3,000 a month for Rent.
I went from
- Sharing 1 BR Basement for $500, $1,000 total rent
- 2 BR 2 BA Condo, new tower at Brentwood 36th floor NW facing, massive balcony, furnished, my own washroom for $1,000 + Utilities + Parking
- 2 BR 2 BA Condo $1,400 for Master Bedroom, in suite washroom, new towers as well
I think if I had to go rent, I'd try to keep it under $1,500 for a shared situation. I wouldn't mind living in a house with a bunch of peeps to try it out either, seems fun. Or maybe rent a 3 BR and rent arbitrage it so that my room is sub $1,500 in downtown Vancouver.
I put $30,240 into housing last year. Looking at the high house payments, I might just yolo, go home, sack cash for 8 years and retire early.
