Quote:
Originally Posted by Locke
Anecdotally speaking (granted my sample is hundreds of local people) rent has been dropping regularly.
And I think renting is going to be an interesting situation in the future because I'm thinking a lot of people are coming to realize that retiring in Canada in a lost cause.
So instead of buying the house in the hopes of selling it for more than it cost in 30 years or so and leaving, why not pocket the difference in the meantime, pay the rent and then leave whenever you want?
Its an interesting scenario.
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An analogy I heard once was, "put a 1000 people in a room flipping coins and there will be a winner. Is that person an expert in flipping coins?"