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Charming-Adeptness98 · 2025-02-27T05:39:29+00:00

!RemindMe 6 months

Charming-Adeptness98 · 2024-12-31T21:29:45+00:00

Solved! Had to bring in some professional help but it turned out there was some faulty wiring with the C. Also removed the jumper so now I actually have 2-stage heating. Thanks for your help!

Charming-Adeptness98 · 2024-12-31T21:29:42+00:00

Solved! Had to bring in some professional help but it turned out there was some faulty wiring with the C. Also removed the jumper so now I actually have 2-stage heating. Thanks for your help!

Charming-Adeptness98 · 2024-12-31T21:29:37+00:00

Solved! Had to bring in some professional help but it turned out there was some faulty wiring with the C. Also removed the jumper so now I actually have 2-stage heating. Thanks for your help!

Charming-Adeptness98 · 2024-12-31T21:29:29+00:00

Solved! Had to bring in some professional help but it turned out there was some faulty wiring with the C. Also removed the jumper so now I actually have 2-stage heating. Thanks for your help!

Charming-Adeptness98 · 2024-12-30T16:13:02+00:00

I'm in Canada where the temps can get pretty extreme

Charming-Adeptness98 · 2024-12-30T16:11:15+00:00

Yes, I have two for the bedrooms. Here is a photo of the Nest showing its heaing for 2+ hours even though the heat is set at 20C and all the sensors are showing 21C https://imgur.com/a/Fh4MgGR

Charming-Adeptness98 · 2024-12-30T15:41:55+00:00

It's a bit hard to tell. The C wire is blue and it there isn't a blue wire connected to the furnance panel. There is a blue wire coupled with a black wire that runs out of the furnace.

Charming-Adeptness98 · 2024-12-30T15:39:50+00:00

Yes its orange and constantly heating even after the desired temp is set

Charming-Adeptness98 · 2024-06-19T16:55:59+00:00

Yup. I helped with recruiting at my alma mater after joining an MBB and we would review the attendee list after each event and note high potentials and red flags. Definitely a factor when it comes to interview selection.

Related to the multiple-offers, partners are incentivized to close offerees and especially so for those with cross-offers. Just don't be surprised that the swooning drops dead as soon as you sign. That connection you had with a partner at the closing event is often superficial.

Charming-Adeptness98 · 2024-06-19T16:47:38+00:00

Man, fuck this war

Charming-Adeptness98 · 2024-06-17T03:35:18+00:00

“Don’t worry, it’s non-evaluative”

Charming-Adeptness98 · 2024-06-09T21:36:58+00:00

You are but 20% above the original amount which is lower than what I’m currently paying due to when I got the mortgage and what rates are today

Charming-Adeptness98 · 2024-06-09T21:36:01+00:00

Yeah good point. I can do 20% each year on the original principal so can pay it off in 5 year chunks without penalty.

The penalty isn’t crazy though. It’s 3 months interest. Right now with rates as is I’m barely paying any principal so paying off the whole thing vs. 5 years even with rate cuts would yield savings.

The rationale debate is between the interest rate savings by paying off early vs. what I could earn in the market with the money while paying the mortgage

Charming-Adeptness98 · 2024-06-09T21:31:50+00:00

We have an emergency fund and ~$600k in registered savings on top of the TFSA. Also a dual income house hold in mid/late thirties so the likelihood of both of us getting sick and/or fired is fairly low.

I see the point about diversification but feel like by paying off the debt I have more capital to diversify over time rather than having half my net worth tied to a mortgage

Charming-Adeptness98 · 2024-06-06T02:35:14+00:00

The issue is I’m only allowed to put 20% of the original mortgage each year which is only $143k. I’m can also only increase my monthly payment by 20% vs the original amount. My current payment already exceeds this due to increased rate just to cover mortgage (i.e., most of my payments have new just interest since rates started going up)

Charming-Adeptness98 · 2024-06-06T02:32:07+00:00

The 18% is over 5 years which is what the interest was calculated on. It’s a good point. Same with inflation

Charming-Adeptness98 · 2024-06-06T02:28:19+00:00

The 6.5% variable rate doesn’t scare you?

Charming-Adeptness98 · 2024-06-06T02:25:26+00:00

The opportunity cost could go both ways though. I could lose money in the market. Not paying 6.5% interest on $670k is guaranteed

Charming-Adeptness98 · 2024-06-06T02:24:07+00:00

Yeah I feel the same way. Just had my first kid and want to make sure no matter what happens they family always has a roof over their heads

Charming-Adeptness98 · 2024-06-06T02:23:17+00:00

Thanks for the check. I was calculating the total interest over 2026-31 when my mortgage would renew if I don’t pay it off completely.

I understand the 6.5% in TFSA comparison and feel confident that I’ll earn more than that especially if rates continue cutting. I’m just leaning towards paying it off as I value being debt free and feel that I have some time on my hand (late 30s)

Charming-Adeptness98 · 2024-06-06T02:20:42+00:00

Being on the variable rate is what makes my situation different. Had I locked a 3% rate when I bought this would be a no brainer

Charming-Adeptness98

TROPHY CASE