Quote:
Originally Posted by Weitz
Haha ok. Or I'm just someone who bought within my means and not trying to maximize my mortgage.
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The real estate wheel tends to come around on things like this. Its not just about you, who are you going to sell your house to when the time comes to cash in your chips?
Lets say you were frugal and even paid for your house already. Next month you get transferred to Toronto and have to sell your house, this policy may have just cost you 10-20% of your tax free sale profits. Of course, you could rent it out, but in this case everyone is in the same boat, so rents suffer as well....