Tag Archives: home ownership

Why I’m Renting For Another Year


I have $75,000 in total savings and I want to invest it in a single stock. I feel so bullish about this stock, I’m going to take my money and use it to secure a loan for $700,000 at 3%, which I will also put into the investment. This represents a 9.3x leverage and I feel really good about it because historically this investment has done very well. I’m going to have to spend an additional $10,000 per year in fees, but I think this investment is worth it. I’m in it for the long haul. If you think borrowing 10x your money to invest in a single stock is insane, you’re right. It is. But it’s exactly what buying a house in Calgary, Alberta is. If someone told you they wanted to borrow 10x their money to dump nearly a million dollars into a single stock, you’d think they were gunning for bankruptcy. […]

Saving A $100,000 Down Payment


Greetings readers! I have some big news: My boyfriend proposed on September 21 and we’re engaged! He proposed after a 4km hike in the rocky mountains — and I used the car ride home to snapchat shots of the ring to all my cousins and call my parents. Want to put six-figures down on your first home? This is how my fiance and I are saving a $ 100 000 down payment! I’m still not used to saying “fiancé” but “my betrothed” confuses people and takes up too many characters on twitter. We’re still deciding what kind of wedding we want — both of us have the same financial values, so it’s hard to think of spending tens of thousands of dollars on a single day. On the other hand, it’s hard for me to turn down the opportunity to throw a really big party 😉 We haven’t set a date, but […]

The Calgary Real Estate Market


The Calgary real estate market is one of the hottest in Canada, struggling to keep up with the city’s economy. The vacancy rate is less than 2% and rents are raised at every opportunity. Housing prices are high, with the average price for a single-family detached home at $556,402. What follows is a brief overview of what you can buy with how much. It must be strange for American personal finance bloggers to see what the house prices are in Canada (bloggers that don’t live in expensive American cities, that is) because in the US PF world, home ownership is one of the single best shortcuts to wealth building. Up north, it’s a much bigger pain in the ass, and if not approached with caution and executed correctly, the damage to your net worth might take decades to fix. The Calgary Real Estate Market When I searched Calgary on the MLS.ca […]

I wish it made sense to buy instead of rent


After spending a month on my own in Paris, in the smallest but most stylish studio apartment I’ve ever been in in my whole life, I decided that I would really love to live in a studio apartment. Permanently. In Edmonton. What I want is a small, maybe 500 ft2 space that forces me to be creative, live without a lot of stuff, and takes the least amount to clean. What I can get in Edmonton, however, is 800-1000 ft2 of luxury, look-at-me, please-put-your-leather-couch-and-matching-ottoman-here. Sigh. Nevertheless, I did fall in love with one centrally located loft that boasts exposed brick walls and wood-beam ceilings. It’s on the smaller end at 800 ft2, and I was in the mood to compromise so I decided that the extra room was just fine. I quickly began to stitch together an awesome fantasy life where I am a super trendy twenty-something in an upscale […]