LinkStuff – Depressing House Edition

One of the links below discusses how expensive houses are. I like my house, but when I think of all the money we have to put into the basement (it’s a complete disaster down there) and a new garage, it is a bit discouraging.

We’re going to be mortgage-free next year and while I had hoped that might open up some different career options, in reality I think the fixes we need to do to the house will just be another form of a mortgage for the next several years. Oh well – as they say on Twitter – #FirstWorldProblems

On a more positive note – I have finished the 2nd edition of The RESP Book. I hired an editor to check for grammar and typos and then I will do the formatting necessary for the printer. So my goal of a September release is still possible.

On with the links

The Wealthy Canadian (a brand new Canadian personal finance blog) breaks down his investment portfolio by sector. Go check it out and subscribe!

My University Money wrote a funny inside look at financial literary programs for high school students. Worth a read.

Scott Ronalds from Steadyhand reviews the ironically named “Manulife Simplicity Balanced Portfolio” fund. Simple it ain’t!

Krystal Yee says that there is nothing wrong with not loving your job. Exactly – that’s why it’s called a “job”.

Michael James explains how you can lose money on a leveraged ETF regardless of how the market performs.

My friend Ruth talks about her Mom who passed away one year ago. A great tribute.

Blunt Bean Counter discusses some of the pros and cons of buying vacation property in the United States.

Canadian Business had a great article about why renting a house is better than buying. I like owning a house, but when I think of all the work involved and the huge sums of money we need to fix up our basement and garage, I have to question why we are doing this.

Financial Uproar makes a great case as to why professional athletes are not overpaid.

Jim Yih wrote a very good article about the new PRPPs and how they should look.

The Oblivious Investor questions whether an emergency fund is essential for everyone. Some good points.

Today’s Economy blog discusses the “Grand Experiment” taking place in a country near you.

Boomer & Echo came up with several ways to save inside your TFSA.

Million Dollar Journey talks about getting pre-approved for a mortgage.

14 replies on “LinkStuff – Depressing House Edition”

Mike, just build a new house and all of those problems with your basement and garage will be solved 😉

Thanks for the mention!

@Echo – Too late now! 🙂

In retrospect, knocking the house down and building a new one would have been the sensible thing to do. However, that would have been a lot more expensive and there is no way we could have afforded it.

Good luck with the house Mike. Are you much of a handyman? I personally am not, but I have friends that are, and I don’t mind doing the lifting so it works out sometimes.

Thanks for including me in the links! Glad you found my frustrated rant entertaining!

Mike, thx for the mention, Maybe when the 2nd edition hits the best seller list you can take your royalties and buy a new house or at least a cheap florida property or on 2nd thought, with Cdn royalites, maybe a shed for the back of your house 🙂

I’m with Echo- just say screw it and buy a new house. It’s the lazy way out and I like it.

Thanks for the mention. Any plans for the big long weekend? I gotta work, but at least I get Monday off.

@Kevin – Yes, it will be interesting to see how the debt “default” plays out.

@My Uni $$ – Yes, I can do work around the house, but I’m just not a fan of taking on big projects. I’m too busy with other stuff, so I only like doing small projects that can be finished in a short period of time.

@MOA – Well, by next year I’ll have been a home owner for 12 years, so it’s not all that impressive. I really think that it shouldn’t take most middle class earners more than 15-20 years to be mortgage free.

@Bean – With my book royalties I can probably buy one of those abandoned Detroit houses that sell for a buck or two. 🙂

@Michael – So do I. I have no desire to rent again unless I want to be more mobile.

@FU – Not a lot of plans – birthday part for my soon-to-be five year old son. 🙂

They call it being a “home-moaner” for a reason! 🙂 Congrats on being mortgage free- I’m sure the renovations won’t be too bad- think of it as home improvement so that when you sell it down the road, it will increase the value of your home.

Excellent, EXCELLENT article from Canadian Business. Makes me even more relieved that we sold (finally!) and are moving to a family-oriented townhome rental. We’ve been lucky to be able to sell at some profit, as London is starting to take a nosedive, and we’re going to be able to invest the money better (and more of it, too!) elsewhere.

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