Post: #1

Hey guys, decided that now is as good time as ever to move out of the family house.

I've heard that spending a 1/3 of income on rent makes sense. Though I'm definetly going to end up spending closer to half. Trying to avoid this as much as possible by getting a roommate.

Any suggestions on how to find a good place here?

Post: #2

What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.

Post: #3

(07-30-2015 12:57 PM)CH-Toronto Wrote:  What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.

2300

Post: #4

Have you read the Toronto nightlife thread?

I'd strongly reconsider and move to Montreal

Post: #5

With that income you're going to be living hand to mouth if you try and get your own pad.

Get a room mate. As for location, have you scoped Craigslist?

Post: #6

(07-30-2015 01:16 PM)The Beast1 Wrote:  With that income you're going to be living hand to mouth if you try and get your own pad.

Get a room mate. As for location, have you scoped Craigslist?

Pretty much this. You MIGHT be able to find a bachelor close to $1000.00 - granted there are some 'finds' out there if you get lucky. Otherwise, a roommate is recommended- and even then you might find yourself closer to mid/up town than downtown.

Post: #7

Roommate for sure.

Also, I've got to work with what I have. Not moving cities until I graduate

Post: #8

(07-30-2015 01:16 PM)The Beast1 Wrote:  With that income you're going to be living hand to mouth if you try and get your own pad.

Get a room mate. As for location, have you scoped Craigslist?

Yeah. There's a few spots for $1200 . split that between 2 and its decent. However, they get taken really fast.

Post: #9

Snowhugger, is getting a studio apartment an option for you?

Post: #10

(07-30-2015 01:14 PM)SnowHugger Wrote:  

(07-30-2015 12:57 PM)CH-Toronto Wrote:  What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.

2300

Are you really committed to downtown or would scoping out transit/subway/go train lines work and then picking a neighbourhood to rent in that is close to a convenient line with a good schedule?

I mean taking the train from York Mills is like 10 min to Union station.

Post: #11

(07-30-2015 02:33 PM)Dr. Howard Wrote:  

(07-30-2015 01:14 PM)SnowHugger Wrote:  

(07-30-2015 12:57 PM)CH-Toronto Wrote:  What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.

2300

Are you really committed to downtown or would scoping out transit/subway/go train lines work and then picking a neighbourhood to rent in that is close to a convenient line with a good schedule?

I mean taking the train from York Mills is like 10 min to Union station.

I'm pretty committed. It's either downtown or I keep living in Halton. Which blows.

Post: #12

(07-30-2015 06:11 PM)SnowHugger Wrote:  

(07-30-2015 02:33 PM)Dr. Howard Wrote:  

(07-30-2015 01:14 PM)SnowHugger Wrote:  

(07-30-2015 12:57 PM)CH-Toronto Wrote:  What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.

2300

Are you really committed to downtown or would scoping out transit/subway/go train lines work and then picking a neighbourhood to rent in that is close to a convenient line with a good schedule?

I mean taking the train from York Mills is like 10 min to Union station.

I'm pretty committed. It's either downtown or I keep living in Halton. Which blows.

Completely understand. Either go with a roommate (find someone cool) or find a really small place and then jazz it up with some clever interior decorating.

Post: #13

Check Viewit.ca for places

Post: #14

Dude,,, you don't have to live downtown.... You could get a spot close to a subway line spot for $800 per month etc. after 2 am, a short cab ride if you have a one night stand ready.

Post: #15

$2,300 living downtown is not going to be easy. Snowhugger from skimming your past posts it seems you are an engineer but are intending work an for an airline. I can't imagine as an Engineer you can't make more scratch elsewhere.

It's a livable amount, but no savings and limited extracurricular fun. I mean just going to a jays game you'll spend a whole day's net pay cheque or more.

Post: #16

You can't have really have a decent lifestyle making $2300/month.

I live in a 1 bedroom condo in the clubbing district and my rent is $1650 and that's considered a STEAL.

You could probably find a place with a roommate for $1000-$1200/month but IMO for that kinda of money it isn't worth it if you don't even get your own place.

My advice: live outside of downtown but on the subway line. Commutes/convienance will be a breeze but your rent won't be as steep.

Or what my friend does is he shares a house at Duffering and St. Clair with 2 other roomates and pays $600/month. Personally if I was only making $2300, I would choose the $600/month option.

Post: #17

(07-31-2015 11:57 AM)lavidaloca Wrote:  $2,300 living downtown is not going to be easy. Snowhugger from skimming your past posts it seems you are an engineer but are intending work an for an airline. I can't imagine as an Engineer you can't make more scratch elsewhere.

It's a livable amount, but no savings and limited extracurricular fun. I mean just going to a jays game you'll spend a whole day's net pay cheque or more.

It's an internship hah.

Definetly a livable amount. I may consider living on the subway line. Wouldn't be too bad.

If I can't find anything decent 600-800, I'll end up saving it for something. Don't know what yet

Post: #18

Is 2300 before or after tax?

Post: #19

(07-31-2015 09:53 PM)Peregrine Wrote:  Is 2300 before or after tax?

I'd probably assume before tax. I've never heard anyone in Canada speak about their income after tax unless they are business owners or in a cash business.

Post: #20

Why would you say your monthly earnings pre-tax? I tend to say my earnings post-tax, post-pension, post-save as you earn share scheme - that is the money i actually see deposited in my account and available to spend

Post: #21

That's after tax. If my roommate bails, I'll end up saving the cash. Don't know what to do with it though.

Post: #22

Halton isnt that bad. Tons of hot white girls in the summer.

Post: #23

You can find something decent for 600-800 close to downtown for sure, if you're willing to live with roommates.

If you can find some cool roommates, its well worth it to have downtown logistics.

Post: #24

(08-02-2015 04:46 PM)SnowHugger Wrote:  That's after tax. If my roommate bails, I'll end up saving the cash. Don't know what to do with it though.

You don't have to do anything with it. Trick question: how often does the average police officer use his gun? Answer: every time he responds to a call.

Savings are the same. If we define power as extent of control you have over your own circumstances, savings grant you power. If you have no savings, your answer to a shitty boss' order to jump is to ask how high. On the other hand, enough savings to cover your living expenses for a natural lifetime is what we call fuck you money.

Stack that cash, brother.

Post: #25

I hate to say this but the last few times I've been downtown for court, I've seen lots of highly attractive girls...way better than the suburbs where I work.

Fuck you money is a lot and regardless of career takes a long time to save. At minimum barring exceptional returns 10+ years and that's pretty optimistic for most. Minimum amount of savings guys should be saving is $1,000 a month in my opinion if you ever want to reach fuck you money. More realistically though $3,000+ / month will be required to reach that point by a young age. (35-40)

Saving $600 / month by living with roommates is huge in the long run when you are so young as long as you don't spend those savings on other stuff.