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  1. Excellent article, Mr. CBB. I eagerly came here for the comments and others’ insights.

    Cheryl, I Iove what you are doing and wish you had a blog as well to describe your experiences.

    We bought our first home, a small condo in 2006, then sold it and bought a detached bungalow in 2010. We barely slipped into the housing market before the prices started skyrocketing. All because a friend at work opened up the community newspaper and saw some open house ads and directed me to those ads. That casual suggestion started our search for a home, and all before the prices started creeping up. However, over the years, we’ve been hit with the cost of home maintenance and improvements, repairs, kitchen remodeling, trimming of the humongous trees, fences, retaining wall —- these are big ticket projects! On top of that, the property taxes and mortgage interest over the years means you are paying much, much more than the price you paid to buy the home. I don’t know who wins, renters or buyers!! On the plus side, we locked into a 4-year fixed interest rate until the end of 2024 at ~1.6% (a unicorn, I know!).

    I agree, we need to change our ideals on home ownership as a measure of success and think outside the big city box. I did hear one good piece of advice if you **are** fixed on buying a home: “buy the smallest, cheapest house in the area that you wish to live”. You can live with less if it means living where you’re happy. Depending on that location, the resale for the future should be a slam dunk.

    Thanks again for the article, Mr. CBB. In a world of crazy home prices, rising rates and debt, it’s nice to find content that is very centering.


  2. Hello. I’m the Cheryl referenced in your article. And I still can’t wrap my head around why people pay way much over asking price for a house and omit an inspection! There would have to be something overly spectacular about the house in question and unlimited money on my part to do so. Just to say that I’m a homeowner? Nope, not that desperate!

    And I am no longer renting. I have become a housesitter. I stayed rent free in a very nice house for a little over a year and a half that ended at my decision because I decided the time was right to go international with the housesitting. Sometimes I’ll have to spring for accommodation inbetween housesits. In July that cost me $427.56 (yes Canadian dollars) and in August $229.36. Not too shabby for housing costs!

    I’m traveling as well as doing international housesitting so there will be times when I’ll be paying for housing while traveling. For example I’m off to Spain in 10 days. I haven’t been there in years. I’ll be walking the Camino de Santiago – 800km. And staying in albergues and hotels along the way. And afterwards I’ll be paying for hotels or Airbnbs. My next housesit begins mid-December until late January. Normally I prefer not to take housesits for less than 2 months, but in this situation it’s OK and fits into my travel plans.

    I can only do this by being debt free and not being saddled with the burden of home ownership. We’ll see how I still feel about it in 5 years but right now I’m happy not to deal with the high housing prices, high grocery prices, and high gas prices in Canada. Oh yeah, I had to let my car go too. The second biggest stress after home ownership!

    1. Hi Cheryl
      Funny you should say this because my mum and step-dad did house sitting for years and for the same reason as you. They got to live in castles and mansions for free, get paid, do their laundry and eat free. They loved it but they are too old now and both had knee surgeries. If I could do it, I would too. Good for you.

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