Another hot topic here. My situation and my lifestyle I choose to own. I have 2 children and if they had to move from our awesome neighbourhood they would be pissed. And since it’s impossible to find rentals anywhere these days I’m happy in my position. It’s hard to find entire houses to rent. I also like the idea of the forced savings vehicle being that monthly mortgage payment.
However there is a huge advantage of putting money into the company early on to grow and I can see that benefit for you and I’ve seen it in friends too. A dollar in the company is worth X dollars in 10 years vs Y dollars in 10 years so having as low as possible living expenses makes sense
I originally took that route myself. I fucked up and list everything so I had choices to make. Young people these days if they want to live in Toronto better make a lot of money or have wealthy parents and make a lot of money.
Yeah I haven’t had much luck with my personal residence. I did build them all though and captured a bit of savings. My third try seems to be working out better but all I’ve got to show is a massive property tax bill that costs more monthly than a townhouse I used to rent in 2012.
Another hot topic here. My situation and my lifestyle I choose to own. I have 2 children and if they had to move from our awesome neighbourhood they would be pissed. And since it’s impossible to find rentals anywhere these days I’m happy in my position. It’s hard to find entire houses to rent. I also like the idea of the forced savings vehicle being that monthly mortgage payment.
However there is a huge advantage of putting money into the company early on to grow and I can see that benefit for you and I’ve seen it in friends too. A dollar in the company is worth X dollars in 10 years vs Y dollars in 10 years so having as low as possible living expenses makes sense
I originally took that route myself. I fucked up and list everything so I had choices to make. Young people these days if they want to live in Toronto better make a lot of money or have wealthy parents and make a lot of money.
Yeah I haven’t had much luck with my personal residence. I did build them all though and captured a bit of savings. My third try seems to be working out better but all I’ve got to show is a massive property tax bill that costs more monthly than a townhouse I used to rent in 2012.