Here Come 30 Year Mortgages

[mclean]

Same boat… we would love an acreage but I don’t think it’s in the cards if a guy wants to retire in his 50s…

I’ll probably just have to pave the front lawn and start parking all my ch!t at home

We just ported over our mortgage straight across. Sold my house in Calgary and bought one up here for a little less. Didn't affect our mortgage at all. It can be done.

Was a life changing move as well. Quality of life is way better for us and the child...soon to be children...even if it delays your retirement by a year or 2

 

[NoBrakes!]

I agree but some different strokes… my current mortgage is 200k and the acreage we’d want is 6-700k. Although we’d have 300k equity in the primary residence…. That new mortgage is going to delay retirement by more than a year or two buddy. Then a guys gotta get all the acreage maintenance stuff…

Staying in the old bungalow for now. But I’m out of room to park ch!t.

 

[tmo1620]

I agree but some different strokes… my current mortgage is 200k and the acreage we’d want is 6-700k. Although we’d have 300k equity in the primary residence…. That new mortgage is going to delay retirement by more than a year or two buddy. Then a guys gotta get all the acreage maintenance stuff…

Staying in the old bungalow for now. But I’m out of room to park ch!t.

That’s where I’m at lol, no more room, keep having to sell stuff when I buy stuff haha, had to get rid of my enclosed and my open deck trailer already as I have nowhere to put them anymore. I wanna retire or semi retire in about 20 years when I turn 60, so kind of getting to a point where if I don’t get an acreage soon it won’t happen.


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[rknight111]

You only have one life to live, and you never know when your going to expire. Hopefully we are around and healthy for a while yet. I have an acreage 25 min west on yellowhead from Edmonton, 3 acres. Way different than living in the city, so much better than living in the city. This lifestyle is certainly good for your wellbeing and worth every penny..

 

[Bnorth]

You guys are talking me into buying an acreage and alternating rib eye and lobster every other night.

 

[tmo1620]

You guys are talking me into buying an acreage and alternating rib eye and lobster every other night.

I think I’d alternate king crab and lobster. Screw the ribeye lol.


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[Bnorth]

I think I’d alternate king crab and lobster. Screw the ribeye lol.


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Fawk yeah, might as well make it 80 acres too. Full spend budday

 

[lilduke]

King crab is the best. I get it delivered

 

[snopro]

I prefer crab to lobster. Green stuff freaks me out lol

 

[snopro]

Or……… I may prefer hot butter more than anything haha

 

[lilduke]

Or……… I may prefer hot butter more than anything haha

Butter is the best part forsure

 

[lilduke]

Buddy has a good deal on Wagyu rib eyes too. End cuts. Its no A5 but they are alr8ght.

 

[snopro]

Buddy has a good deal on Wagu rib eyes too. End cuts. Its no A5 but they are alr8ght.

View attachment 282134

Are those the cuts that are stupid pricey? Went to a fancy steakhouse in Calgary where they brought out a big wooden cutting board to show you the different steaks they cook. There was as a Japanese steak worth like $250. That sounds familiar

 

[Trashy]

Buddy has a good deal on Wagu rib eyes too. End cuts. Its no A5 but they are alr8ght.

View attachment 282134

Those are so good!!

 

[lilduke]

Are those the cuts that are stupid pricey? Went to a fancy steakhouse in Calgary where they brought out a big wooden cutting board to show you the different steaks they cook. There was as a Japanese steak worth like $250. That sounds familiar

Yeah Wagyu is a special Japanese cow. And they are more expensive.

 

[mclean]

I don't like butter on a lot of my seafood but if you have smoked butter...wow it's good with lobster

 

[arff]

Fawk yeah, might as well make it 80 acres too. Full spend budday

Totally makes sense then your not in a subdivision

 

[tmo1620]

I don't like butter on a lot of my seafood but if you have smoked butter...wow it's good with lobster

That’s something I haven’t tried, but I think I’m going to now


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[mclean]

Usually do a bunch every fall with a smoke tube off of amazon. Smoked butter is good on a lot of stuff

 

[snoflake]

My wife and I have a 20 year mortgage period we owe 240K. Used to pay 1700. in order to stay in the 20 year timeframe we had to up the payment on renewal New payment is $3250 per month without property tax.
I told my bank I need some help. gotta be a better way.
They offered me up to four miss payments. The trick is I would have to pay those four payments of $3250 back upon signing my next mortgage term. In other words, they don’t give a fawk. Thank God, all my toys are paid for. We are seriously considering selling. I could rent a home for cheaper.
Keep our equity and rebuy when chit s martens up

What bank and whats the interest rate. TD has a 3 year fixed for 5.6ish and your payment would be around $1650 on $240,000 on a 20 year.