Is $750k cash enough to retire in your 30's? - Page 4 - Business, Finances and Investing Forum

People are bitching about housing prices in toronto skyrocketing but you can still rent a 4 bedroom/3bathroom house close to the subway for like 2500.

No.

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03-30-2017 , 09:46 PM

#77

Abbaddabba

Pooh-Bah

Join Date: Jul 2005 Posts: 5,807

Quick look at realtor.ca:

https://www.realtor.ca/Residential/S...-Pleasant-View

4 beds / 2 bath for 2,396
according to google maps a 15 minute walk from the subway

https://www.realtor.ca/Residential/S...Valley-Village

4 bed / 3 bath for 2,600
10 mins walk from subway

Probably could find even cheaper if you go to some of the shadier parts of toronto but i chose to leave those stops out. And since his money/investments are in USD this is really closer to the equivalent of $1800/m.

Not that I'd want to live in something like that but just using it as an example of what a supposedly high priced city still has as options. Go a bit north of the city (suburbs not boonies) and you can get something really nice in that price range.

Last edited by Abbaddabba; 03-30-2017 at 09:53 PM.

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03-31-2017 , 04:08 AM

#78

Ihooper88

journeyman

Join Date: Feb 2017 Posts: 377

What 30-90 year olds want to live with other people?

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03-31-2017 , 04:49 AM

#79

stinkypete

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 15,783

Quote:

Originally Posted by Ihooper88

What 30-90 year olds want to live with other people?

having lived alone for several years, me!

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03-31-2017 , 11:00 AM

#80

Love Sosa

veteran

Join Date: Jan 2013 Posts: 2,308

Quote:

Originally Posted by Abbaddabba

30k a year goes far in any city.

People are bitching about housing prices in toronto skyrocketing but you can still rent a 4 bedroom/3bathroom house close to the subway for like 2500. If you're ok with living with people that's easy on any budget. Plus there're all sorts of savings/conveniences associated with communal living.

I think it's hard for people who have never actually tried to live frugally to imagine all the ways that you can cut costs without even feeling like you're missing out on anything.

Quote:

Originally Posted by stinkypete

No.

technically yonge and finch is still on the subway line

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03-31-2017 , 03:05 PM

#81

Abbaddabba

Pooh-Bah

Join Date: Jul 2005 Posts: 5,807

You can find similar prices all along the sheppard line and those are all decent areas. The closer to the core the higher the price since it caters to people who need to travel to work every day. I'd say someone in this guys shoes probably would get something bigger for about the same price a bit north of the city near a golf course.

ie:

https://www.realtor.ca/Residential/S...1V2N5-Milliken

1,950cdn/m (1,500 usd) for a 4bed/4bath and is a 20 minute drive from the subway, and a 10 minute drive from two separate golf courses in opposite directions.

https://www.realtor.ca/Residential/S...anter-Sullivan

2,550cdn (1,900usd) for a 4bed/4bath that's literally next door to a golf course, and a 10 minute drive from the subway.

Quote:

What 30-90 year olds want to live with other people?

Isn't that effectively the choice you're making when you get married and/or have children? And children are just about the worst room mates imaginable, even if you ignore the fact that they never pay rent. Well adjusted adults by comparison actually are assets most of the time.

I'm not trying to pimp toronto out... but this is the epicenter of people throwing fits because of the price of housing and it's still doable even on the salary of a minimum wage worker.

Last edited by Abbaddabba; 03-31-2017 at 03:18 PM.