Quote:
Originally Posted by yads
This is ridiculously lol. So you're ignoring, property taxes, CMHC fees, transaction fees, and borrowing costs, and the fact that, said growth happened during the biggest bubble in real estate history.
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The fact is that if you rent you are paying all that too... its just hidden in your monthly rent charge.
Thus if you rent, after five years of paying all those fees which are included in your rent, you end up with 0 profit. If you buy a house, you will end up with the appreciated value.
Didn't some millionaire once say that land is the only thing they aren't making more of? Invest in land and property. You can't go wrong.