Quote:
Originally Posted by Top Shelf
With a mortgage payment and condo fees, we pay about 1200 a month. A realtor appraised our place at about 325. Looking through MLS, we could find something awesome for around 150. There is something to be said for owning a property free and clear.
|
You know I'm not so sold on that one. I mean you could own a property in Halifax outright, but say property values double in price over the next 15 years. Your place in Halifax is worth 300k than. Your 325 place in Calgary could be worth 600 type of thing. Plus if you're not making as much, you're paying more taxes on stuff too. A house is a place to live, but you also have to make sure you like where you live too. I mean you can go own a mobile home free and clear somewhere in Northern Ontario if you like too, but will you like it? If you go out there and hate it, and decide you want to come out West again, will you be able to do so, or will it be too expensive. It's one thing if you're originally from there, but it's very different if you're not and haven't ever been out there.