Quote:
Originally Posted by bizaro86
I don't think its true rents will rise more than prices in a continued boom situation. That hasn't been true in other cities that have boomed.
For example, renting a 1br in Vancouver is 74% more expensive than renting one in Calgary (per:
https://blog.padmapper.com/2021/06/1...n-rent-report/ )
Whereas the price for owned condos is about 3x as high per
https://blog.remax.ca/canadian-real-...inium-trends/#
So if Calgary turned into Vancouver after a decade or two of unabashed real estate boom you could expect prices to triple while rents didn't even double.
I don't think selling and renting is a bad idea from an economic point of view. It adds some lifestyle risk though (might have to move more often, can't control maintenance/decor/renovations) |
I'm talking about over the time. In thirty years, rent will be much higher then it is now. Do you want to be paying high rent when you are 70?
When you buy, you lock in the price. Then inflation rate into the value of your mortgage.