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Everything posted by metronome
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Great bump! I need to clean mine up a bit but I'll be back in here.
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They’re most comparable to a bank bond I guess, we call them a GIC (guaranteed investment certificate). They don’t make a ton of sense when rates are low but they’re returning around 5% right now so I have a bunch of them pooling up and coming to term when my mortgage is up for renewal. These would be separate from my long term investments, just buying these anytime I have a little spare cash. Goal is to be mortgage free asap.
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@fat ralphyI think the biggest difference between our mortgage lending practices is term length. Most Canadian lenders aren’t going longer than 5 years or so, it is possible to go longer but usually you have to sacrifice on rate for that. You can also make your choice here between fixed vs a variable rate, it all depends on the type of person you are and how closely you watch the rate trends. One of the big concerns in the Canadian housing market is supply. The other big one right now is so many home owners are massively over leveraged because they bought in inflated markets (Toronto, Vancouver) with low pre Covid rates and now a lot of those mortgages are coming up for renewal. Most mortgages here will have rules about how much you can pay down your principal per year over your regular payments (mine is 25% for example). I saw the writing on the wall in 2021 when our rates were at their lowest, paid a small penalty to break my mortgage and renegotiated (went from 2.9% down to 1.79) which ended up saving me ~12k in interest. Now I’m at the point where most short term investments are returning well over my mortgage rate so it’s a race against time to stack it up to plunk down when my renewal comes up and you can pay into your principal with no penalty or limits.
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This one reminds me of that Russian pop group from Eurovision. Little Big.
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I'm kind of jealous you Americans are able to sign long term mortgage agreements. I'd love to have sub 3% locked in for the longevity of the mortgage. I have 1.79% left for another 27 months or so. I'm scrimping every last dollar I have in short term investments to try and stack as much up so when I have to renew so I can knock off a big chunk of the principal before my rate goes up.
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Yeah, really fun book. The first of anything of his I've read (watched The Sandman on netflix) and really enjoyed that.
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Schnitzel went North (japan travel thread) -it's been a minute
metronome replied to Schnitzel's topic in Channel Zero
My fam is doing Barcelona in the summer months so I'll try and live up to the standard here but the bar is high. -
Tried a one pan no bake mac & cheese. Pretty good and my picky eater daughter ate it too so that’s a W for me.
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Gave it a crack. Only ended up using 1 and I don’t think I’ll try and break the next one down and make a patty. Presentation is terrible but the sammy slapped.
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how do we make an exchange happen
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Ive been reading a Chinese sci fi anthology collection curated and translated by Ken Liu you may dig. It has a few stories and an essay by Cixin Liu in there, I posted it a while back in the book thread.
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Are you watching that version of 3BP subbed? I read that trilogy a few years ago and have been looking forward to this netflix adaptation.
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This reminded me that I have 2 spicy Chilean sausages in the freezer that I need to thaw so I can make some breakfast patties with em.
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I can't call it a crust until its cooked
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We have done pies on the smoker at work but the pizza shells were pre-mades so it wasn't too tricky.