I agree your money goes down the toilet if you are renting and the extra costs are there, but in the end real estate is a good investment in your future. If you maintain your investment then it will not cost you much more then renting and you will make a good return as long as you buy in the right location and the right type of property. You can insulate yourself by putting a chunk down so your payments are lower and that if anything should happen you can also afford the payments or can rent it out and have the payments covered until you are back on your feet. Timing is what it is all about in many cases. Rates are low, good product on the market so this is a good time in some communities. Rent goes up faster and is not stable and it is at times hard to find a good place to rent where the landlord does not decide to sell or up the rent on you. I think my bet is on own personally and glad I do. It keeps me on track as well and the payments on my home is like a savings account, otherwise who knows where the money would go to or get spent on. Thank you for your comments.
Thank you for your suggestion, I will ask it in a different way. Not sure how this works if I should rewrite it or if there is a way of changing it from where it is. I appreciate the reply thank you
[1 point]3 years ago by gottoknowReplyEdited 3 years ago by gottoknow
Canada
gottoknow's Recent Comments See all 21
I agree your money goes down the toilet if you are renting and the extra costs are there, but in the end real estate is a good investment in your future. If you maintain your investment then it will not cost you much more then renting and you will make a good return as long as you buy in the right location and the right type of property. You can insulate yourself by putting a chunk down so your payments are lower and that if anything should happen you can also afford the payments or can rent it out and have the payments covered until you are back on your feet. Timing is what it is all about in many cases. Rates are low, good product on the market so this is a good time in some communities. Rent goes up faster and is not stable and it is at times hard to find a good place to rent where the landlord does not decide to sell or up the rent on you. I think my bet is on own personally and glad I do. It keeps me on track as well and the payments on my home is like a savings account, otherwise who knows where the money would go to or get spent on. Thank you for your comments.
fair enought I will re-ask it thank you. Appreciate the suggestions.
Thank you for your suggestion, I will ask it in a different way. Not sure how this works if I should rewrite it or if there is a way of changing it from where it is. I appreciate the reply thank you