Quote:
Originally Posted by fredr123
Even after running the numbers and knowing we would be better off financially if we continued to rent, we decided to purchase. The increased cost and lost investment opportunities, to us, are just the premium we pay for other things that we value. .
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Lost investment opportunities?
Home ownership, through time, is probably the best investment you'll ever make.
It should be the underpinning of planning for any younger couple in particular.
After all, you could end up being one of those little old men renting downtown, seeing his rent jacked to the moon and unbelievably complaining to the Calgary SUN that his landlord somehow owes him a cheap place to live in the hottest real estate market in the country.
He probably made a lot of deliberate choices earlier in his life that led him to end up in that situation, where someone had control over his destiny.
I have zero sympathy for him.
So . . . . I think you did the right thing in buying that home but I don't think you were sacrificing as much as you think . . . . . the sacrifice would have been the circumstances you found yourself in for not doing it eventually.
Absolutely own your own home. Own the place where you live. ASAP.
My two cents.
Cowperson