[SeoulFire]

Originally Posted by Flames in 07

hmm I'm not sure you are including everything when you compare.

Those condo fees, for the most part, pick up expenses that you would otherwise have to pay for as a home owner. Furthermore, real estate out on the edge of the city are much more exposed to downturns and don't appreciate as fast as central areas during appreciating markets.

True, central areas will cost more, and you have to pay more in interest, however the return on that interest payment (on the appreciation of your house) will likely be one of the best returns you get in your life.

• I am not including everything - I explicitly stated that it was before any adjustments were made.

• Overall house maintenance does not even come close to the cost of the monthly condo fees and you are not subject to changes outside of your control. Time spent could be factored in but many people quite enjoy working on their house.

• An unrealized return doesn't do anybody any good unless they want to borrow against it

• If you are a frog in a well then perhaps downtown Calgary may offer a good return (if you are willing to sell).