re: 48% of Toronto's population rents

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New Orleans, Louisiana - 49.2% Baton Rouge, Louisiana - 49.4% Monroe, Louisiana - 55.9%

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A whole lotta Section 8 in those digits

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Probably so.

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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.

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Im sure you’re probably a good person in real life, but that is some real dumbass shite right there.

I just purchased a new home, a much nicer home, by leveraging the equity that I built from my previous home. I put a massive down payment on this much nicer home. I will leverage the equity that I will build over the next few years in this home along with the acreage I bought into a home that I will build that will be nearly paid for when I build it. I’m 36. My mortgage is $629/month. What quality of living can you buy renting for $629/month right now? You are investing your income into someone else’s asset and will have nothing to show for it a decade down the road.

Home ownership does not mean your are fixed in one place forever. You can build, sell, move, leverage your equity into a business loan or acquire more land if an opportunity comes up.

I purchased my first home at age 22 for $55k. That decision has altered and shifted my life for the better in exponential ways. I have never paid a single cent in rent. All of the money I have put towards putting a roof over my head has been reinvested into myself and upgrading my life.

Are you not trying to build a life for the now and for the future?

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Don't understand your point.

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There is no point.

Renting is beneficial in some scenarios and people who competely ignore that cant seem to get over the fact that it's not the worst thing in the world.