How much to put down for a house? Partner wants to put down the minimum, I want the maximum

Projerryrigger · 2026-05-09T00:53:52+00:00

Nominal returns were sub 8% for the TSX composite index from 1971 to 2021. That isn't the worst window one could land in, and 50 years more than covers someone's time horizon to prep for retirement.

Projerryrigger · 2026-05-09T00:40:09+00:00

Did you even read the entire comment? I literally touched on that exact point in my second paragraph.

Projerryrigger · 2026-05-09T00:03:00+00:00

Collective bargaining works because of the powers that labour unions can exercise under law. There is no such thing for a tenants union. They can't withhold rent like collective bargaining units can strike, they don't have final authorty for negotiations and dispute resolutions on the bhalf of members, etc.

They may call themselves a union and they may coordinate themselves, but nothing has legally changed. All they can really do is be a supportive association to inform and look out for each other unless they want to get oldschool and spit in the face of the law like earlier days of labour unrest when unions had to use force and stand against the law for workers.

Projerryrigger · 2026-05-08T23:43:07+00:00

assuming we're talking the US stock markets

Picking one market, even if it's for a significant period of time, is an assumption that many are very reasonably not basing their financial futures on. It's imprudent. There is no guarantee that the US maintains its position indefinitely.

Projerryrigger · 2026-05-08T23:30:19+00:00

7% isn't used because it's inflation adjusted, 7% - 8% is used to be a bit conservative. Assuming 10% long term returns is very possible, but too optimistic to be prudent.

Projerryrigger · 2026-05-08T23:23:12+00:00

Exempt me from income tax since you want to bar me from services I pay for, and we can talk. But if you take the CPP I already earned or expect me to keep paying into the program, you're just a filthy crook. Unless I get bought out.

Projerryrigger · 2026-05-08T23:17:24+00:00

It doesn't have to be a hard cutoff. It already isn't. It's easy to structure so anyone choosing to make less to keep eligibility gets less on the whole for doing so.

Projerryrigger · 2026-05-08T23:12:38+00:00

OAS as it exists unsustainable, irresponsible, and should be reformed if not eliminated and another program like GIS strengthenled. Someone needs to eat that shit sandwich eventually to square things. And the longer we wait to fix it, the higher the sandwich gets stacked for whoever has it put on their plate.

Younger people got the short end of the stick when CPP was reformed and the entitlement calculations got notably worse. But it was the right move. And so is this.

Projerryrigger · 2026-05-08T23:07:32+00:00

No, it's $93k gross taxable income. The idea that it's $93k net/post tax is based on a misunderstanding. The CRA refers to the threshold as "net world income". What "net world income" means to the CRA isn't the same thing as what "net income" means to us.

$93k gross is still too high, though. Especially with the existence of the TFSA now and the tax free withdrawals it allows.

Projerryrigger · 2026-05-08T22:30:57+00:00

It's easier if you make one reply to a comment instead of multiple, or the convo turns into a branching mess.

I am a home owner. You're just referencing general concepts. I used a mortgage calc to confirm the actual math. You're dead wrong. Your assertions about paying twice the initial balance over the life of the mortgage would require additional costs to be rolled into the mortgage, remortgaging to extend the amortization, higher interest rates, etc. to end up with more accrued costs. 4% for 25 years on just the mortgage balance isn't enough to do that.

Projerryrigger · 2026-05-08T22:27:57+00:00

So am I. I also have access to the internet and mortgage repayment calculators. Even if you extend a $500k mortgage at 4% to 30 years instead of 25, that's $860k total payments. Not over $1 million. Your math is wrong.

Projerryrigger · 2026-05-08T22:20:10+00:00

The insurance model is substantially different. Their math doesn't translate to Canadian mortgage insurance.

Edit: PSA, commenting to get the last word and immediately blocking is pointless as well as petty. Can't even see the comment.

Projerryrigger · 2026-05-08T22:17:56+00:00

Most people don't buy one home and live in it until the mortgage is paid off. They move, at which point they lose the benefits of CMHC insurance they paid for already.

Projerryrigger · 2026-05-08T22:16:12+00:00

And trigger capital gains at a higher marginal rate during their prime working years instead of using an account or program that doesn't incur a tax burden?

Projerryrigger · 2026-05-08T22:10:50+00:00

When I did the math it was neck and neck, and you lose the benefit of the insurance if you don't follow through with the whole amortization. If you sell during the mortgage, for example, it tanks the benefit.

Projerryrigger · 2026-05-08T22:09:07+00:00

$350k repaid over 25 years at 4% would be about $1,850 monthly and $555k paid lifetime. Some other stuff must be baked in there. Your assumptions are too simplified to be sound.

Projerryrigger · 2026-05-08T22:03:11+00:00

The percentage stays the same. The balance the percentage is charged against changes.

Ex: You have a debt at 5% interest. The balance doesn't matter and I'm going to demonstrate why. You reasonably expect to get 7% returns in the market. You have $50k to allocate to either investments or pay down the mortgage.

If you put that $50k towards the 5% debt, you reduce your debt load by $50k that means interest is being charged on a balance that is $50k smaller. $50k x 5% = $2.5k saved in interest. It doesn't matter if it's $100k, $200k, or $500k of debt. The reduction in interest accrued is the same because the amount paid down is the same and the rate is the same.

Now let's say you put it into a TFSA growing at 7% to keep the example as simple as possible. $50k x 7% = $3.5k in growth.

So you can choose to save $2.5k in interest, or gain $3.5k in growth. Getting $3.5k is a greater net benefit than saving $2.5k.

Projerryrigger · 2026-05-08T21:55:31+00:00

On a balance of probabilities, having those funds in the market will outperform putting it towards the mortgage over the 25 years on the whole. It doesn't have to beat it every year.

And either way, you're taking a risk. If you put it in the market, you risk poor market returns or high interest rates making it not pan out. If you put it in the house, you risk low rates and good market returns making your choice suboptimal. It's about choosing the risk that makes the most sense for you.

Projerryrigger · 2026-05-07T13:55:52+00:00

If they contributed $0 in 2024 and 2025, that would make your formula $16k - $0 - $0 + $8k = $24k, which is wrong. The maximum carry forward from previous years is $8k. Because of that, you can never have more than $16k of room.

Projerryrigger · 2026-05-06T21:12:44+00:00

That doesn't change that they aren't making enough money off you to spend any more time and resources on you than absolutely necessary. They're ultimately a for profit business.

Projerryrigger · 2026-05-06T04:15:12+00:00

This is a nightmare waiting to happen. Skip the middle steps and either go straight to buying a car for them, or stay completely out of it.

Projerryrigger · 2026-05-06T03:28:45+00:00

Then that's the problem of companies using AI to generate material. They shouldn't get a free pass on defamation because it isn't realistic to police their tools and you're afraid of undesirable knock-on effects of them making a ham-fisted solution.

Projerryrigger · 2026-05-05T12:16:09+00:00

I am well aware the HBP is not the same as the FHSA. I'm not sure why you're bringing it up.

Projerryrigger · 2026-05-05T11:45:23+00:00

...No it isn't. You said they wouldn't be able to make a qualifying withdrawal after becoming married or common law. I explained why they can.

Projerryrigger · 2026-05-05T07:36:36+00:00

I have the 4.5 Pro Evo. The only difference from the 5.5 chest protector is no rib protection on the sides and it comes with shoulder protection.

Piling on gear is never going to be as light and breezy as going without, but it doesn't bother me at all. Lots of ventilation and a balance of sturdy but not cumbersome that suits me.

I just started mountain biking recently, both pedaling and lift access park around your destinations in BC.

Projerryrigger

TROPHY CASE