Look4chrisng

回復 260# 大C姐

2 thumbs up.

sheep

if you have to "stress" about paying your mortgage each month, then DON'T buy, just rent something cheaper (eg, basement, a single room)!
大C姐 發表於 2010-10-1 09:10

   你有啲問題
供樓同租樓
大家都講緊係相差唔遠嘅
分別係
供樓係要有一筆首期先
如果拆掂首期
基本上
租同供係冇大分別
到加息嘅問題
可以加供錢或者加年期
問題不大
先決條件係樓價唔好大幅下跌

快樂牛郎

先決條件係樓價唔好大幅下跌sheep 發表於 2010/10/1 09:33

that's 100% of the equation
so if you *assume* price won't fall dramatically
then there's no debate whatsoever

快樂牛郎

I am cheap.  Simple a decent "Red carrot boils Green carrot" will run almost $20.  I grew up in the 70's, mom will give some change for breakfast.   Ham and egg bun and vita soy milk will run you almost 3 dollars at 7-11, and it will break your $200 budget. Look4chrisng 發表於 2010/10/1 08:53

cooking doesn't make sense for me anymore
as my time is getting more expensive

Look4chrisng

回復 264# 快樂牛郎


    To process your lovely black and white photo?  YOu still owe me the receipt.

BiscottiGelato

好似股市，大跌市你敢唔敢買？低處未算低。何況如果突然大跌市好可能係啲金融風暴類似嘅問題，百物銷條到時 ...
fibbi 發表於 2010-9-30 23:30

From the tone of 牛郎, 佢等待左呢日好耐, LOL. Probably tons of cash equivilent waiting to invest. Probably snipe up stock, house, everything at that point LOL.

sheep

that's 100% of the equation
so if you *assume* price won't fall dramatically
then there's no debat ...
快樂牛郎 發表於 2010-10-1 09:54

   基本上
銀行借七成嘅話
佢都封咗蝕本門

fibbi

既然有人咁有興趣about grocery budget，為免off topic，我開個另外一個thread講啦。

大C姐

你有啲問題
供樓同租樓
大家都講緊係相差唔遠嘅
分別係
供樓係要有一筆首期先
如果拆掂首期
基本上
...
sheep 發表於 2010-10-1 09:33

This time i agree with you.

Based on my assumption of 60K gross income (if you make more/less than this, you can adjust the equation accordingly), i think it's reasonable to spend 1/3 of that on housing, which is around $1650. Property tax and maintenance fee add up to about $400/ month, you still have $1250 toward your mortgage. Using that budget, you can go shop for a home. Depending how much money you have to put down as downpayment, i think there are plenty of properties in "Greater Vancouver" to choose from.

On top of housing, you still have around $2000 to spend and save (for rainy days), i think it's very "comfortable" lifestyle! Keep in mind, interest rate may rise and drop but generally speaking your income should grow in the long run.

快樂牛郎

基本上
銀行借七成嘅話
佢都封咗蝕本門
sheep 發表於 2010/10/1 11:38

In the US, if you walk away from your home, the banks cannot do anything but decreasing your credit score.  In Canada, they will keep chasing after you unless you declare bankruptcy.  And your mortgage is like 500% leveraged, so even a 15% price drop is enough to wipe you out 100%.