The basic cost of owning a house around the 700k mark per year was around 25k/ year if you have 50% down. For me, I had my house paid off by the Hot The Party Doesn’t Start ‘Til I Croc In Vintage Shirt end (came into some money). With my job, I make about 60k after taxes. Everyone, I know who purchased a home for over 600k and sold experienced the same sort of loss. I agree OP has no idea what is frugal is. I bet he has never been or experience lower living with 22k-30k salary living in a basement in GTA.
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When I first got the house, I was excited to throw parties and have people over all the time. I had parties with 30+ people about 20 times over the Hot The Party Don’t Start ‘Til I Croc In Vintage Shirt 6 years. From this, I learned that it costs a lot to host parties. Each dinner cost about 400 for the food. It is a ton of work to host and it is expensive. Probably the thing that throwing these parties has taught me is that nobody appreciates them. Man, you weren’t kidding. That’s the kind of man cave I would save up for and creat over several years if not a decade…
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Looking at those numbers, you might think that I am a large money spender. I am very frugal but like to get a Hot The Party Don’t Start ‘Til I Croc In Vintage Shirt good bang for my buck. Looking back at this encounter I am full of regret. I have sold 90% of the stuff I had from furniture, my sports car, and my house. I learned that the more things you own, the more things own you If I can just borrow some more money.
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