Quote:
Originally Posted by Bring_Back_Shantz
I realize you're situation is temporary, and not optimal, but in just about any other circumstance, don't you think paying a mortgage, and having 0 discretionary income, are pretty good indicators of someone who is spending way too much on housing costs?
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Now that I'm reading my post again I just realized that I was taking out my frustrations on you. Sorry for that. I'm in a more or less fine situation financially.
It is a kick in the balls that I'm paying for rent in addition to my mortgage, but as you said, that's temporary and is necessary for this position. I will be moving back to Calgary after this work is finished, which is why I'm keeping the house. If I weren't paying for both mortgage and rent right now, I would have more than enough to make regular RRSP contributions and have discretionary income. It is a financial sacrifice to allow myself to do some research that could potentially do some good for people.
Edit: The mortgage situation. I thought I put it in before but I looked back and I missed it. I'm a co-owner of the house 50/50. (Not with my parents as I know that will be the next question). I'm a long standing customer with the bank, good relationship, good credit rating, high earning bracket potential, steady income, RRSP and investment accounts. . .so they saw no reason to turn my self or my mortgage partner down.