My Regular Income Hasn’t Changed and We Need a Bigger Home. What Now?

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Abstract

u are doing a short stay.</p><p id="6337">So clearly, we need a new home. Now in this city, one bedroom averages 1600 to 1800. There is a price to pay for privacy. There is also a price to pay for living in a city that houses Canada’s largest and busiest airport.</p><p id="3f65">My husband says we might have to leave town. He is not wrong. Some surrounding cities charge 100 to 300 less for the same one bedroom.</p><figure id="0d34"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*FMTClb4270sJawwA"><figcaption>Photo by <a href="https://unsplash.com/@karaeads?utm_source=medium&utm_medium=referral">Kara Eads</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><p id="b233">Now, that brings me back to square one; I either do longer commutes or I change jobs. <a href="https://byrslf.co/six-months-with-my-boss-lessons-learned-dc5f17aed747">My current boss</a> has had many conversations with me to stay long-term with him and take over his practice after he retires.</p><p id="466a">It is a good idea until I remember my current realities; living expenses and raising a family. The latter is very important to me. I might need to have a sit down with him. The crypto world is filled with shitty news right now. If not, <a href="https://readmedium.com/my-sentimental-tryst-with-crypto-f42c870be0ea">it has been a constant source of alternative income</a>. I got returns on my investment yesterday, but it was lower than the average.</p><p id="1b70">Last time I checked, you don’t pin a fixed and substantial expenditure on an income source that isn’t steady. My current steady income can support my current residence. Together with the <b>Yoyo crypto</b>, it can even support the landlady’s increment. What it might not support is moving

Options

to a new residence where I’ll traditionally pay upfront, 2 months’ rent in advance, and an expanding family.</p><p id="df99">There is a temptation to delay hubby’s arrival while I expect a salary increment. I do not expect a lot to happen in that department. Or do I change residence, hoping my investment would act as a shock absorber? That doesn’t seem wise either.</p><p id="2bc8">Last, as hubby has suggested, we might need to look at other cities, which might likely include job/occupation changes. With the many conversations we have on this topic, that’s looking like the most viable option.</p><p id="db7e">Thanks, <a href="undefined">Jason Edmunds</a></p><div id="26e1" class="link-block"> <a href="https://readmedium.com/my-sentimental-tryst-with-crypto-part-2-aa8b567284c8"> <div> <div> <h2>My Sentimental Tryst With Crypto Part 2</h2> <div><h3>An exciting update</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*dByRI9mXt16FKoPf)"></div> </div> </div> </a> </div><div id="5711" class="link-block"> <a href="https://byrslf.co/what-renting-can-sometimes-look-like-1633699bbbc5"> <div> <div> <h2>What Renting Can Sometimes Look Like</h2> <div><h3>Home is not a place…it’s a feeling.</h3></div> <div><p>byrslf.co</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*3A0ir207zGnjlxdz)"></div> </div> </div> </a> </div></article></body>

Change doesn’t stop

For about a year, I’ve been in heaven. My version of heaven is having a place to live that I like, affording my rent, and commuting with no hassle to the office. Well, heaven has ended.

After 16 months of marriage, hubby and I can finally live together. That calls for celebration, right? Not when you realize the financial implications.

I have been in my current residence for about a year. After about 3 months, I negotiated my monthly rent from 1600 CAD to 1200 CAD. This rent is inclusive of utilities; water, gas, internet, etc. 1200 kinda fitted well with what I earn as a clinic managing assistant.

I live in one of the most expensive cities in the Greater Toronto Area. I made that choice because I did not want to spend all my time in transit to and from the office.

Now with hubby’s arrival, my landlady said she needs to increase the rent to 1400. She has also mentioned that interest rates are high. Her announcement did not exactly faze me. Deep down, I knew her house was not ideal for me to raise a family. It’s set up for singles, married spinsters, or bachelors. If you are a couple, then most likely, you are doing a short stay.

So clearly, we need a new home. Now in this city, one bedroom averages 1600 to 1800. There is a price to pay for privacy. There is also a price to pay for living in a city that houses Canada’s largest and busiest airport.

My husband says we might have to leave town. He is not wrong. Some surrounding cities charge 100 to 300 less for the same one bedroom.

Now, that brings me back to square one; I either do longer commutes or I change jobs. My current boss has had many conversations with me to stay long-term with him and take over his practice after he retires.

It is a good idea until I remember my current realities; living expenses and raising a family. The latter is very important to me. I might need to have a sit down with him. The crypto world is filled with shitty news right now. If not, it has been a constant source of alternative income. I got returns on my investment yesterday, but it was lower than the average.

Last time I checked, you don’t pin a fixed and substantial expenditure on an income source that isn’t steady. My current steady income can support my current residence. Together with the Yoyo crypto, it can even support the landlady’s increment. What it might not support is moving to a new residence where I’ll traditionally pay upfront, 2 months’ rent in advance, and an expanding family.

There is a temptation to delay hubby’s arrival while I expect a salary increment. I do not expect a lot to happen in that department. Or do I change residence, hoping my investment would act as a shock absorber? That doesn’t seem wise either.

Last, as hubby has suggested, we might need to look at other cities, which might likely include job/occupation changes. With the many conversations we have on this topic, that’s looking like the most viable option.