69. âWe make almost $300k per year but we canât afford our mortgageâ
Chris and Camilla are 33 and 31 and they make almost $300k collectively living in a high cost of living area. They recently bought a vacation home, like everyone on TikTok tells you to do.Â
Surprise, surpriseâthereâs no fairytale ending here, no mounds of passive income, no soaring property values or slam dunk investments.
They thought theyâd cash in on a hot market. But with the slow season approaching, theyâve realized they're losing money. How should they handle it? And (gasp) what might other people say if they have to sell?
This episode is reminiscent of another Canadian couple, Eric and Elena, from episodes 49 and 50, who also bought a house they realized they couldn't afford. But I think you'll find this one fascinating for the differencesâespecially in the numbers.
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69. âWe make almost $300k per year but we canât afford our mortgageâ