CONSOOM Property Ownership
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oy vey SHUT IT DOWN immediately
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29 days ago
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This is one massive change that must be made to our new Constitution.
I propose full property ownership with zero rates or fees: owners who want water, power, sewage, internet, etc. can ask for it and pay the annual cost in addition to connection frees for remote properties.
Then you can live in a tent if you want, without interference from the government.
I propose full property ownership with zero rates or fees: owners who want water, power, sewage, internet, etc. can ask for it and pay the annual cost in addition to connection frees for remote properties.
Then you can live in a tent if you want, without interference from the government.
> the right wing weaponizing heckin' wholesome cutesy cartoon aesthetics for antisemitic propaganda
Reddit on suicide watch.
Reddit on suicide watch.
In 2015 I had enough for a substantial downpayment on a house. Instead of buy, I chose to rent and invest that along with the difference every month. This made me a multi-millionaire and I continue to rent. A house is dead equity. If you look at the balance sheets of the wealthy, while many do own houses, it usually makes up less than 10% of their net worth. Houses are a lifestyle expense, not an investment.
Yes but after about 5 years the rent on a place exceeds the mortgage. That mortgage payment is locked in for 30 years. Your rent goes up every year. Also equity is better than no equity.
There's many more factors to consider.
There's many more factors to consider.
I think it depends on where you live. In a high cost of living city like Toronto, the 5 years rent does not exceed mortgage. Also in Canada mortgages reset every 3-5 years (depending on the term of your mortgage), not 30 like in the USA.
Ah well that all changes the decision making process.
In USA I think getting a primary residential mortgage is a good deal. Also the equity can be tapped for more loans. Many people get rich off constantly getting finance from equity and buying more properties.
In USA I think getting a primary residential mortgage is a good deal. Also the equity can be tapped for more loans. Many people get rich off constantly getting finance from equity and buying more properties.
Yes, in the US there are still lots of houses for reasonable prices everywhere (even in the outskirts of Jew York City). You want to know what's crazy? In Niagara Falls, Ontario a house is like $1 million dollars. Literally just cross the border to Buffalo, New York (as Warren Buffett once called it, the armpit of America) and the houses are like $250k. This shows you how truly fucked up house prices are here in Canada.
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