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Started By
Message
re: 48% of Toronto's population rents
Posted on 11/23/23 at 1:43 pm to yaboidarrell
Posted on 11/23/23 at 1:43 pm to yaboidarrell
I'm sure they could find property in Saskatchewan
1
Posted on 11/23/23 at 1:43 pm to LordSaintly
quote:
It's not objectively good or bad. There are advantages to renting vs. owning, and vice versa.
Correct
Posted on 11/23/23 at 1:47 pm to jclem11
quote:
Why is renting bad?
Renters have missed one the best real estate investment markets in history.
Posted on 11/23/23 at 2:12 pm to yaboidarrell
So the majority of the city owns homes?
Posted on 11/23/23 at 2:12 pm to jrodLSUke
Your primary residence is a money pit. After interest, taxes, insurance, and repairs you lose money. 
Plowing all your disposable income into a primary residence is retarded.
But muh HoMe EqUiTy!!!11 Reeeee!!!1
Plowing all your disposable income into a primary residence is retarded.
But muh HoMe EqUiTy!!!11 Reeeee!!!1
Posted on 11/23/23 at 2:30 pm to jclem11
quote:
Why is renting bad? You transfer all the repair and maintenance nonsense for a fixed price. Your monthly rent is the highest you will pay and that mortgage will be the lowest
Because you gain nothing. Like renting a car
After 11 years in my home I paid down the 30 year Mortgage $50k and I sold it for $93k more then I paid for it. Even after paying for a new oven, stove, microwave, dishwasher, washing machine and new 4 ton condensing unit I still came out way way ahead then renting.
Posted on 11/23/23 at 2:38 pm to jclem11
Owning a home is one of the best ways to build wealth and pride in something that’s yours. But our progressive overlords don’t want that. They need to enrich themselves off a dependent populace.
Posted on 11/23/23 at 2:55 pm to jclem11
quote:
Your primary residence is a money pit. After interest, taxes, insurance, and repairs you lose money.
Plowing all your disposable income into a primary residence is retarded.
But muh HoMe EqUiTy!!!11 Reeeee!!!1
this one makes a surprise entry onto the leader board as one of the stupidest posts of all time
Posted on 11/23/23 at 3:03 pm to jclem11
quote:
Your primary residence is a money pit. After interest, taxes, insurance, and repairs you lose money. Plowing all your disposable income into a primary residence is retarded. But muh HoMe EqUiTy!!!11 Reeeee!!!1
Yes if your neighborhood turns shitty… but it’s a bet we all make
Posted on 11/23/23 at 3:24 pm to jclem11
quote:
You transfer all the repair and maintenance nonsense for a fixed price.
A fixed cost that can become variable at a moment’s notice
Posted on 11/23/23 at 3:27 pm to mdomingue
quote:
New Orleans, Louisiana - 49.2% Baton Rouge, Louisiana - 49.4% Monroe, Louisiana - 55.9%
A whole lotta Section 8 in those digits
Posted on 11/23/23 at 4:02 pm to yaboidarrell
quote:
People here in Canada seem miserable and I can see why with the unattainable real estate market and cold dreary weather.
They'll own nothing and love it.
Posted on 11/23/23 at 5:05 pm to yaboidarrell
soun(D)s nice
Posted on 11/23/23 at 5:13 pm to jclem11
quote:
Your primary residence is a money pit. After interest, taxes, insurance, and repairs you lose money.
Plowing all your disposable income into a primary residence is retarded.
Our 2.5 acres outside of Austin has tripled in value over the past 15 years.
There's a lot to be said for excellent infrastructure, no state income tax, and not having to wake up a resident of Travis County.
Posted on 11/23/23 at 5:37 pm to yaboidarrell
Canada doesn't offer 30 year mortgages either. I believe most are 5 or 10 years and must be renewed. Can't remember the whole story, but remember my Canadian buddy talking about this.
This post was edited on 11/23/23 at 5:38 pm
Posted on 11/23/23 at 6:02 pm to Sput
You think property taxes and insurance on a home are fixed for the life of ownership?
You guys vastly UNDERestimate how much you are spending to own and maintain a property.
You can’t say I paid $100K and sold for $250k so I made $150K. Lmao.
I own a home but it was a lifestyle choice and not a wealth building move.
You guys vastly UNDERestimate how much you are spending to own and maintain a property.
You can’t say I paid $100K and sold for $250k so I made $150K. Lmao.
I own a home but it was a lifestyle choice and not a wealth building move.
This post was edited on 11/23/23 at 6:03 pm
Posted on 11/23/23 at 6:35 pm to yaboidarrell
The only reason my arse would move to Canada would be if I was going to play in the NHL. I’ve never been ice skating before though.
Posted on 11/23/23 at 6:37 pm to jafari rastaman
quote:
The only reason my arse would move to Canada would be if I was going to play in the NHL. I’ve never been ice skating before though.
there are some beautiful places in Canada
Posted on 11/23/23 at 6:49 pm to fr33manator
quote:
I'm sure they could find property in Saskatchewan
Posted on 11/23/23 at 7:22 pm to StringedInstruments
I have owned and/or had a mortgage since I was 25 (61 mow). Home #5 now. Paid off with substantial equity!!!!
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