(no subject)
Apparently, it's time to put on my big girl pants and deal with things.
I went over the numbers... my income is just over $1000 a month, my expenses are closer to $1500. If we sold my old apartment and my new apartment today at current market values, I would be roughly $35,000 in debt from that alone. Selling either apartment in this real estate market will result in a terrible loss of money... essentially, I would be paying a mortgage for a house I don't own or have use of.
The best option is to find a way to keep both apartments without losing all the money paying for them every month... $800-$1000 a piece. This would mean renting one out, while I live in the other. Since my mom doesn't want to pursue renting the old apartment because she doesn't want to get involved in any fights/legal action with the strata there, even though we are within our rights, I will have to move back into my old apartment and take in a roommate there. The only plus side to moving back there involves my next topic of action...
It's looking like I may be hooped into going to college (which is just a few blocks from my old apartment, and across town from my new apartment) whether or not I get the loan because classes start in 10 days and orientation is Jan 21st at 9am.
Due to my dire financial state, I will have to uninsure my truck, which will save me $300/month including gas, but limit my mobility immensely. Say I also get a roommate for maybe a couple or a few hundred dollars a month, and ends will be meeting again - on the living expenses end anyway. Of course, that's assuming that I can still work the same 5ish hours a day, in addition to going school full time... it might be a challenge.
As for school expenses... I'll have to be applying for every bursary, grant, and scholarship in the book in hopes for some help on that end, because to do financing through the school, the interest rate is ridiculous.
So, that's the way it is. It's not pretty, it's not ideal, it's hardly even bearable... but, it is what it is, and moving on is the only thing to do.
Maybe by the end of my course, I'll get a decent-paying steady job, the real estate market might be on an upswing or close to it, and I'll eventually be able to move back into the dream apartment that I'm living in right now. I love it here... I feel safe, I know nobody on strata is out to get me, it's close to my family, the neighbourhood is perfect for dog walking, the strata fees are lower... it'll be hard to leave, that's for sure.
I went over the numbers... my income is just over $1000 a month, my expenses are closer to $1500. If we sold my old apartment and my new apartment today at current market values, I would be roughly $35,000 in debt from that alone. Selling either apartment in this real estate market will result in a terrible loss of money... essentially, I would be paying a mortgage for a house I don't own or have use of.
The best option is to find a way to keep both apartments without losing all the money paying for them every month... $800-$1000 a piece. This would mean renting one out, while I live in the other. Since my mom doesn't want to pursue renting the old apartment because she doesn't want to get involved in any fights/legal action with the strata there, even though we are within our rights, I will have to move back into my old apartment and take in a roommate there. The only plus side to moving back there involves my next topic of action...
It's looking like I may be hooped into going to college (which is just a few blocks from my old apartment, and across town from my new apartment) whether or not I get the loan because classes start in 10 days and orientation is Jan 21st at 9am.
Due to my dire financial state, I will have to uninsure my truck, which will save me $300/month including gas, but limit my mobility immensely. Say I also get a roommate for maybe a couple or a few hundred dollars a month, and ends will be meeting again - on the living expenses end anyway. Of course, that's assuming that I can still work the same 5ish hours a day, in addition to going school full time... it might be a challenge.
As for school expenses... I'll have to be applying for every bursary, grant, and scholarship in the book in hopes for some help on that end, because to do financing through the school, the interest rate is ridiculous.
So, that's the way it is. It's not pretty, it's not ideal, it's hardly even bearable... but, it is what it is, and moving on is the only thing to do.
Maybe by the end of my course, I'll get a decent-paying steady job, the real estate market might be on an upswing or close to it, and I'll eventually be able to move back into the dream apartment that I'm living in right now. I love it here... I feel safe, I know nobody on strata is out to get me, it's close to my family, the neighbourhood is perfect for dog walking, the strata fees are lower... it'll be hard to leave, that's for sure.