Housing prices here are crazy…

posted 3 years ago in Home
Post # 2
Member
441 posts
Helper bee
  • Wedding: November 2013

To be honest, 2004 a month for a married couple sounds great. I’m eligble for 400 a month with rent being 250 a week and parking at the hospital for clinical placement being $20 a day + food, petrol, basic survival. Thank god DH is working otherwise it just wouldn’t be manageable. 

Post # 3
Member
411 posts
Helper bee
  • Wedding: October 2015

Girl, I have seen my friends go through this scenario far too often. I had quite a few friends in graduate school living off student loans, and their advisors could not understand why they would go into debt for a masters degree. In their generation, it was just an unspoken understanding that OF COURSE you would have full funding and no loans once you hit graduate school, because you would have an advisor who could write you into his/her grant and cover most, if not all, of your living expenses. Well, that’s just not the case for everyone anymore, and students with undergraduate loans get staggered with even more loans for more advanced education.

I wish you the best of luck with your schooling and finances, OP. I know this may not sound ideal, but consider the thought of renting a bigger place with another couple if it would save a little money. And definitely try to lock down jobs as soon as possible so you can start revising your budget.

Post # 4
Member
3210 posts
Sugar bee
  • Wedding: January 2014

Girlfriend, DH and I are both PhD students living in NYC, so I feel you! Fortunately our programs are funded, meaning we’re given living stipends, but we both work a lot on top of that just to get by and save a bit. It is TOUGH being a student in an expensive city!!

Post # 5
Member
2527 posts
Sugar bee
  • Wedding: April 2014 - Italian Villa

Tigerlilybride:  Out of curiosity, where do you live?

I faced similar issues in undergrad, and I at least paid my rent and things from my own work. But it always seemed like the loan and scholarship weren’t enough- I paid so much out of pocket for supplies that it began to affect the type of work I made (whatever was affordable). (I was an art student). This was in the Denver area, and I didn’t even live downtown (near campus)

Post # 7
Member
10748 posts
Sugar Beekeeper
  • Wedding: February 2014

Tigerlilybride:  City twin! I know it’s expensive here… Our home builder Avi also builds in Texas, so comparing prices between here and there is just sick. We’re both engineers in the oil industry though!

Post # 8
Member
2441 posts
Buzzing bee
  • Wedding: July 2018

I live in Calgary too so the title definitely caught my attention right away! House prices are ridiculous right now and the market is out of control!

I work in Oil & Gas, my husband is in sales and makes a good living thanks to O&G.

Post # 10
Member
10748 posts
Sugar Beekeeper
  • Wedding: February 2014

Tigerlilybride:  Yep… our house would probably only cost $150-200 or something in Austin! It’s crazy when I think of the kind of sick palace we could buy down there for the same money. I don’t really know much about the rent market here, but I imagine it’s the same kind of expensive/size ratio, especially based on location. Are you up by U of C? Anywhere on the train line is probably more expensive too. 

Post # 12
Member
1114 posts
Bumble bee
  • Wedding: August 2014

I feel your pain. In Hawaii an apartment in a safe neighborhood runs about $2000 a month for 2 bedrooms and 800 sq feet. Plus about $400 in utilities a month. Its crazy. We looked at a condo in the buulding over from ours that was BEAUTIFUL, and for 3 bedrooms, 2 bath, and about 1100 sp feet we would have paid the bargain price of $390,000. I would have loved to buy a place here,but that is just an insane amount of money to me for an apartment. We will probably not both be able to be in school at the same time ever, simply because we wouldnt be able to afford it. But DH is almost done anyways, so itll just be me and my dental school that takes forever. 

Post # 13
Member
5421 posts
Bee Keeper
  • Wedding: August 2014

Student loans when I was doing my undergraduate degree amounted to around 6.5k per YEAR. Rent where I live starts at a minimum of 650 per month. So yeah, a student loan wouldn’t have covered rent, Le  aline anything else. 

Post # 14
Member
1016 posts
Bumble bee
  • Wedding: August 2014

Oh, Calgary.

Really when you think of the beautiful weather we get and the expansive coast line it makes the housing costs seem really affordable and well worth it. 

OH YEAH, that’s right, we live in uglyville with 2 months of summer, 10 months of winter and the only ocean is more like seas of cookie cutter houses endlessly pushing city limits farther out . 

Honestly I wish I moved to Sask a few years ago. If you didn’t buy in Calgary a while ago you’re now facing one of the worst times to do so – let’s not pretend this isn’t a boom & bust town. I’m just holding on and waiting for the bust, it’s gonna hurt. 

Now I know this might be a drastic step to take, but could you finish your degrees elsewhere? Saskatchewan wages are starting to come up to Calgary levels and while housing prices have skyrocketed, they’re still not as crazy in Calgary – plus a lot of rental or potential rental units have been lost here from the flood, giving landlords even more incentive to raise their rates.

I ask because often you’re limited by how much income you can make while receiving your loans and you will need more money than your disbursement amount. If personal loans to cover the difference isn’t an option I’d be gone. This is a great place for certain industries, I wouldn’t include teaching in that list.  

If you were planning on doing something related to oil and gas, I’d say come back when you’re both done – but teachers salaries aren’t exactly reflective of the cost of living so if it were me, I’d get the f out of dodge permanently.  

Post # 15
Member
5287 posts
Bee Keeper
  • Wedding: April 2013

 

Tigerlilybride: Just dont move to Toronto if you are coming to Ontario! the cost of living here is super high..me and my husband had to buy outside of the city to get a house we could afford

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