Reality and the Cold light of Day

The numbers did not fit in the spreadsheet that well, the home finances spreadsheet at the time was run on the trusty Commodore 64, a program called Microswift Calc. In addition, a few people in the office gave me their advice about the "extras" that were involved when buying a house.

The expected mortgage interest rate in Canada was hovering around 8% and that would be a monthly amount of $1200 for what Remax Dave was proposing. The reality setting in was that, regardless of what the banks or trust companies would lend, we could only rationally borrow about two thirds to keep at around our current rent position.

So, the number was $100,000.00 which looks very big if you add those two zeroes. In reality it seemed much huger, which until right now I did not realize was a valid word.

The phone call (from the one central office phone) to Remax Dave was a little one sided, with the realtor being very quiet about the decision, he was reluctant and encouraged me to reconsider as "there was little out there at that price level" but I stood my ground and asked him to find options.

The deposit at the reduced level, was still an issue, but things would work out, like they do.