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60% of take home on mortgage is rough, but we have some help. Both sides parents chip in for food as they host dinners once a week and bring us food every now and then. Helps the sting of groceries inflation.
Daycare costs for the older kid has decreased twice in the last year. We switched daycares going from 1150 -> 950 which also considerably shorten the commute, then the new benefit kicked in so it dropped to 550.
Being in tech has been rough though. Got laid in Nov. Found a new job finally in Feb and managed to only lose two weeks of pay after counting severance, and thankfully only less about $200 a month in my paycheque. The market is rough. We bought the house planning on rate increases of up to 2%, we didn't expect unprecedented hikes of 4% over one year. We were banking on measurable income gains for the next few years as I am in my prime. Did not expect the tech sector to take a shit amid booms for every other sector. I don't think I am getting a raise for the next 18 months.
I still don't regret taking the plunge on the house though. It's amazing to see my son LOVING the extra space. He's been sick a lot being a covid baby and not being exposed to regular sicknesses when he was younger. When the weather is shit, and he's under the weather, having the extra space at home helps him, and it helps us stay sane.
Our youngest was admitted to Children's at 2 weeks old in Jan for contracting RSV. Because we are in Vancouver, the commute to and from the hospital 2-3 times a day was made much easier being only 10-15mins away. The cost of the house being in Vancouver proper vs something like Burke Mountain made so much sense and was worth every single fucking penny.
For those 4 days in the hospital. It was worth it.
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