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Old 03-12-2019, 10:34 PM   #1
Hamster
 
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I'm happy to hear you're out of debt! To quote the bible, the borrower is slave to the lender. Nothing more frustrating than working your tail off just to pay interest. My only debt is the duplex, and I'm getting that paid off as fast as possible. I'm in the US, but I've heard plenty of stories about the high cost of housing in and around Toronto. Rather than waiting for the bubble to burst, since it may never burst, maybe you can consider moving to a new apartment first.

Also, why don't your parents evict those tenants? I can't figure out why they would tolerate freeloaders.
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Old 03-13-2019, 01:59 PM   #2
myfirstyota
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Quote:
Originally Posted by Hamster View Post
I'm happy to hear you're out of debt! To quote the bible, the borrower is slave to the lender. Nothing more frustrating than working your tail off just to pay interest. My only debt is the duplex, and I'm getting that paid off as fast as possible. I'm in the US, but I've heard plenty of stories about the high cost of housing in and around Toronto. Rather than waiting for the bubble to burst, since it may never burst, maybe you can consider moving to a new apartment first.

Also, why don't your parents evict those tenants? I can't figure out why they would tolerate freeloaders.
I've been asking that question for 2.5 years. Pitty? Idk.

The reason I won't move is because rent in this city is generally on par with a mortgage payment. We're talking $1000-1500/month for a shitty basement apartment in a horrible area and probably won't be any better than where I am now. My next door neighbors house is probably worth 2million. The area I live in is very nice and desired by many. I've lived in this area for over 30 years and have no intention of being pushed out by rifraff crackheads.
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Old 03-13-2019, 03:37 PM   #3
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Originally Posted by myfirstyota View Post
I've been asking that question for 2.5 years. Pitty? Idk.

The reason I won't move is because rent in this city is generally on par with a mortgage payment. We're talking $1000-1500/month for a shitty basement apartment in a horrible area and probably won't be any better than where I am now. My next door neighbors house is probably worth 2million. The area I live in is very nice and desired by many. I've lived in this area for over 30 years and have no intention of being pushed out by rifraff crackheads.
Sorry but I just have to laugh when $1500 is considered a high rent. An apt. for $1500 in NYC would cause mass riots as people rushed to be the first to sign the lease.
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