lol....way cheaper and you get equity! Nothing pisses off the left more than some people doing better than others because of their hard work and optimism.
How much
Jul 11, 2018 at 4:49pm
Do strata fees and property tax add up to? Also how often are there problems (foundation leaks,leaky condo,boiler,roof etc)with the building that require cash infusions of $10- 100k. Lady i know just got nailed with a $70k assessment - that will likely go up-to seal the building (12 stories),foundation,replace a bunch of windows and re do the pipes in some of the building.
@ Mitch
Jul 11, 2018 at 5:45pm
and you're so "right" aren't you?
Also Don't Forget
Jul 11, 2018 at 11:51pm
That if you carry that mortgage for 15 years you end up paying for that condo basically twice. So what $12k in property taxes, another $55k in strata fees plus whatever repair assessments. So that $500k East Van condo will end up costing you mimimum $1.1 million plus whatever repair bills would should run $100k over that time. Hope it works out. I rent but actively invest the difference and do 100 times better than any real estate. Bitcoin? Yep. Pot stocks? Yep. Etc? Yep.
The OP
Jul 12, 2018 at 9:42am
Doesn't say if they are mortgage free. If they are then yes owning is cheaper than renting what's strata 300 a month property taxes 1200 a year? I fail to see how that isn't cheaper. A 2 bed in a shitty part of town is 2000 a month or more so 5000 to own vs 24000 to rent plus whatever the condo is worth. If your a renter you lose the argument.
Double dipping in best
Jul 12, 2018 at 11:13pm
Own and rent out the basement, TADA, who's paying the mortgage?
Tracey
Jul 12, 2018 at 11:25pm
Banks own.
You're The Loser
Jul 13, 2018 at 12:49pm
If you think that there are winners and losers in this situation
@your the loser
Jul 13, 2018 at 8:01pm
There are always winners and losers it's how you play the game which decides whether you are the winner or the loser. BTW I'm number 1 all you losers are fighting for second place!!!!
@ @your
Jul 16, 2018 at 12:13pm
Some #1 - cant even punctuate when it's written right in front of you.
10 Comments
Post a CommentMitch
Jul 11, 2018 at 3:51pm
lol....way cheaper and you get equity! Nothing pisses off the left more than some people doing better than others because of their hard work and optimism.
How much
Jul 11, 2018 at 4:49pm
Do strata fees and property tax add up to?
Also how often are there problems (foundation leaks,leaky condo,boiler,roof etc)with the building that require cash infusions of $10- 100k.
Lady i know just got nailed with a $70k assessment - that will likely go up-to seal the building (12 stories),foundation,replace a bunch of windows and re do the pipes in some of the building.
@ Mitch
Jul 11, 2018 at 5:45pm
and you're so "right" aren't you?
Also Don't Forget
Jul 11, 2018 at 11:51pm
That if you carry that mortgage for 15 years you end up paying for that condo basically twice.
So what $12k in property taxes, another $55k in strata fees plus whatever repair assessments.
So that $500k East Van condo will end up costing you mimimum $1.1 million plus whatever repair bills would should run $100k over that time. Hope it works out.
I rent but actively invest the difference and do 100 times better than any real estate. Bitcoin? Yep. Pot stocks? Yep. Etc? Yep.
The OP
Jul 12, 2018 at 9:42am
Doesn't say if they are mortgage free.
If they are then yes owning is cheaper than renting what's strata 300 a month property taxes 1200 a year?
I fail to see how that isn't cheaper.
A 2 bed in a shitty part of town is 2000 a month or more so 5000 to own vs 24000 to rent plus whatever the condo is worth.
If your a renter you lose the argument.
Double dipping in best
Jul 12, 2018 at 11:13pm
Own and rent out the basement, TADA, who's paying the mortgage?
Tracey
Jul 12, 2018 at 11:25pm
Banks own.
You're The Loser
Jul 13, 2018 at 12:49pm
If you think that there are winners and losers in this situation
@your the loser
Jul 13, 2018 at 8:01pm
There are always winners and losers it's how you play the game which decides whether you are the winner or the loser.
BTW I'm number 1 all you losers are fighting for second place!!!!
@ @your
Jul 16, 2018 at 12:13pm
Some #1 - cant even punctuate when it's written right in front of you.
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