Author Topic: Addressing climate change  (Read 8225 times)

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Offline Queefer Sutherland

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Re: Addressing climate change
« Reply #180 on: August 27, 2019, 10:11:48 pm »
I spent $800K+ on a bungalow because I couldn't bear to play casino with an unfair rental market that was costing me $3k per month for housing.  I was not enthusiastic about the housing market which is why I was out of it for decades.  I still think it's going to crash and I don't care.

Rent is literally throwing your money away.

Even if there's a market correction in Toronto, it's the safest housing market in the country and a future-proof investment.  Something like 70% of immigrants go to Toronto, so demand will always be there for many decades to come & they'll never be able to build houses fast enough to keep up (condos, well who knows, still doubtful).

Worst case is a correction, your house goes down in value, maybe you could renegotiate your mortgage for less, then value goes back up eventually.  Market has cooled a bit so I think you're fine, and no correction is worth throwing away 36k a year on rent.
I queef, therefore I am.