Finding a place to rent for two months is turning out to be a lot more difficult than we thought. Apparently landlords aren’t too keen on short term rentals to people with pets…so that’s two strikes against us right off the bat.
And for all of this talk of renting instead of owning, I’m not seeing much of a discount on rent in our city. Most of the places we’ve looked at are asking for as much per month as we currently pay on our mortgage. The good news is that our new house is still on schedule for an August 1st possession date, even with the rotten weather this Spring.
Enough complaining, let’s take a look at some interesting articles from the personal finance world this week:
- Canadian Capitalist weighed in on Garth Turner’s Dodgy Advice
- Million Dollar Journey looks at Types of Stock Chart Patterns
- Financial Uproar is Obsessed About Money
- Canadian Finance Blog explains How to Find the Best Rental Apartment
- Money Smarts Blog Saved Money with Priceline, sort of.
- Retire Happy Blog asks Should You Write Your Own Will?
- The Passive Income Earner reviews Telus Corporation
- Young and Thrifty created the Ultimate Guide to Canadian Deals Websites
- Give Me Back My Five Bucks Breaks Down the Numbers on Her First Home
- Studenomics discusses an interesting topic of Investing Your Student Loans
We were also mentioned in the following blog carnivals this week:
- Upside of Money hosted the Carnival of Personal Finance and included Save Money Purchasing Beef In Bulk
- Personal Dividends hosted the Carnival of Wealth and included When You Need Cash From Your Investments
- Canadian Finance Blog hosted the Canadian Finance Carnival and included Delta Privilege Hotel Rewards Program: A Review
- Control Your Cash hosted the Carnival of Financial Planning and included Why You Shouldn’t Care About Credit Card Interest Rates
- Stupid Cents hosted the Totally Money Blog Carnival and included Save Money Purchasing Beef In Bulk
- My Wealth Builder hosted the Wealth Builder Carnival and included When You Need Cash From Your Investments
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Have a great weekend!
Awe! If you were in Vancouver you could rent my basement suite for two months, I don’t mind
Thanks for the mention. I mentioned you in my link up this week too
Good luck!
Thanks for the link! Hope you can find a place for a couple months.
Yes, short term rentals can be a problem. Hopefully, you’ll figure something out.
Good luck with the rental and thanks for the mention.
Thanks for the mention and good luck finding a place for a couple months!
There’s more cost to owning than just the mortgage (indeed, with low interest rates and high property taxes in many cities, the mortgage is only about half). What’s the monthly rent to price multiple? That’s a pretty quick measure. In London, ON it’s about 170X, and about 220X in Toronto.
Anyway, have you tried looking at furnished units? It might not help with the pet issue (can someone pet sit for two months?) but they tend to be geared towards short term rentals. Unfortunately it’ll probably be twice as much: more cost to rent the furniture, and to store your own as well.
@Potato
Just a quick calculation but it looks like the rent to price multiple here is 165X.
We’ve tried quite a few places and no luck so far. If one unit accepts pets, they don’t want the short term…and vice-versa.
I think we just have to realize that these two months aren’t going to be ideal and we’ll either have to pay more than we want to, or live in less than perfect conditions.
A good list of links. Now that I’m back from vacation, I have lots of reading to do
I hope everything works out for your guys, I’m sure it will!!