Rent

Is It Time To Buy a Condo?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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This pandemic has really done a number on the housing market. Busy metropolitan cities like New York, London, and Madrid that were previously red-hot became radioactive as the pandemic shut downtown cores down. The closing of amenities like cafes, restaurants, and gyms and the shift to remote work made thousands of people look around and ask “Why am I paying so much to live here?” And it’s not just the pandemic messing things up. Here in Toronto, condo prices have historically been made artificially expensive by real estate speculator/investors who would snap up dozens of units at a time and […]

How to Negotiate Rent Part 2

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FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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Following my last post on negotiating rent on a new place, here’s how you negotiate rent on your existing place: Do you pay rent on time? Take good care of your rental? Don’t nitpick on every light bulb that needs to be changed and bombard your landlord with endless demands? Congrats! You’re a dream tenant.  Just like employers who value existing employees that they trust, rather than take on new, untested employees that they need to train, landlords value existing trustworthy tenants.  That’s why you’re more likely to get a discount from your existing landlord, who knows and trusts you, […]

How to Negotiate Rent

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FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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“Toronto Rents are Down a Whopping 20% Since Last Year”  “San Francisco’s 35% Plunge in Rents Shows Effects of Tech Fleeing City” “Manhattan Rents Drop To 10-Year Lows” One of the (very few) bright spots of the pandemic is the precipitous fall of rents in big cities—places where rents were once thought to be on a never-ending trajectory to the moon! But with tourism shut off, office workers logging in from home, and zero immigration, vacancies have skyrocketed, and rents have plummeted. Well, you know what that means. Time to take advantage! You may have noticed that we, at Millennial […]

The Wealth Trap

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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During our normal nomadic existence (which we are super chomping at the bit to get back to any day now), we get to meet all sorts of interesting people: entrepreneurs, digital nomads, World-Schoolers, friends from the FIRE community. And because we had been travelling so long, we had gotten into the habit of thinking that was normal. But now that we’ve been back in Toronto for a year, we’ve become re-acquainted with a type of person that we thought we had left behind: Home Boners. Basically people who’ve bought way too much house, are leveraged up to their eyeballs in […]

Real Estate Agent Gets Crushed by Real Estate Math

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
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Yikes, what a week it’s been in the news. It’s never a dull moment these days, is it? And this week is a real kicker. Just as the COVID pandemic made, and broke, the grim milestone of 100,000 deaths in the US, riots are breaking out around the world because of the long-simmering tensions between overly militarized police and Black Americans and people of colour. So I thought I’d give everyone a break from all the divisiveness and nastiness that we’re being bombarded with in the news and allow us all to focus on something that unites us all: Laughing […]

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