I came across this nice photo of my house…

You make some valid points, but as the article states regardless of how much interest or whatnot you would throw away you’d still walk away with over $300k in gains tax free on top of the principal that was paid back over the 10 years.

With ultra low interest rates and modest mortgage payments after 10 years the remaining mortgage is only $275k. This would mean $125k of principal in the home. Count on top the $300k+ in gains and the person would have $425k+ in net worth starting from $20k. That’s over 2000% gain on original principal in net worth.

In the stock example, you made the assumption that people save but statistics show thatr average Canadian saves less than 2% of their pay. On top of that less than 10% of Canadians will invest in anything other than GICs and high interest savings so the likelihood of your scenario coming true is minimal. Buying a home forces savings and is easy for people to understand. Pay my mortgage and let rising prices help me to retirement.

For 99% of the population real estate is probably their best and only investment. I don’t disagree with your argument, but with leverage from real estate and the risk averse nature of real estate it’s the best advice for the normal guy.surgical mask production line

This is a blog to watch for sure. I think you have a really awesome writing style by the way. Very easy to read. Your blog design is so clean too! Thank you all the hard work!best florida online real estate school

In the past, investing in real estate was a difficult, costly and risky experience, but now every thing has changed
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You make some valid points, but as the article states regardless of how much interest or whatnot you would throw away you’d still walk away with over $300k in gains tax free on top of the principal that was paid back over the 10 years.

With ultra low interest rates and modest mortgage payments after 10 years the remaining mortgage is only $275k. This would mean $125k of principal in the home. Count on top the $300k+ in gains and the person would have $425k+ in net worth starting from $20k. That’s over 2000% gain on original principal in net worth.

In the stock example, you made the assumption that people save but statistics show thatr average Canadian saves less than 2% of their pay. On top of that less than 10% of Canadians will invest in anything other than GICs and high interest savings so the likelihood of your scenario coming true is minimal. Buying a home forces savings and is easy for people to understand. Pay my mortgage and let rising prices help me to retirement.

For 99% of the population real estate is probably their best and only investment. I don’t disagree with your argument, but with leverage from real estate and the risk averse nature of real estate it’s the best advice for the normal guy.

You make some valid points, but as the article states regardless of how much interest or whatnot you would throw away you’d still walk away with over $300k in gains tax free on top of the principal that was paid back over the 10 years.

With ultra low interest rates and modest mortgage payments after 10 years the remaining mortgage is only $275k. This would mean $125k of principal in the home. Count on top the $300k+ in gains and the person would have $425k+ in net worth starting from $20k. That’s over 2000% gain on original principal in net worth.

In the stock example, you made the assumption that people save but statistics show thatr average Canadian saves less than 2% of their pay. On top of that less than 10% of Canadians will invest in anything other than GICs and high interest savings so the likelihood of your scenario coming true is minimal. Buying a home forces savings and is easy for people to understand. Pay my mortgage and let rising prices help me to retirement.

For 99% of the population real estate is probably their best and only investment. I don’t disagree with your argument, but with leverage from real estate and the risk averse nature of real estate it’s the best advice for the normal guy.Penrose

Very nice tips which anyone can apply when selling their property. A word of mouth through friends and family is also fantastic since you can get a buyer just there!
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My wife and I have been looking for apartments for rent, and I think that having some tips on what to look for would be helpful for us. I’m glad that you talked about looking into closet space when you’re looking at apartments for rent! My wife needs her closet space, and I think that being able to check into that while we’re shopping around for downtown apartments for rent would be a good thing for us! Thanks for the tips!Forett at Bukit Timah

Well done! My husband and I just sold ou home a couple of months ago and we did the exact same things as you mentioned here. Another thing that we did was we hired a reliable real estate agent to help us out and process all the necessary documents to sell our house conveniently. It’s great to know that more people are sharing insights and relevant tips like this post to help others. Many thanksVistas Santa Ana

Hello, I really appreciate your article, I thought that investing in real estate is more profitable as compared to investing in gold. And also there are less risk factors in real estate investment. So that’s why I personally prefer to invest in real estate.Realtor in Bucks County

Wow that’s….interesting! I wonder why they decided to do just the front. I’m glad it worked out for everyone, though! Thanks!Twitter Marketing

Wow that’s….interesting! I wonder why they decided to do just the front. I’m glad it worked out for everyone, though! Thanks.markham homes for sale

This looks like an interesting work (especially for those who want to take up challenges)
Like the layout of that house (the first picture)Orchard Road Shopping Scene

Hello, The fabrics you used are so pretty, too! Thank you for sharing at Merry Monday. I’ll be including your mini quilt in my Party Features this week. We’d love to have you come by and link up with us again!parc canberra ec

My wife and I have been looking for apartments for rent, and I think that having some tips on what to look for would be helpful for us. I’m glad that you talked about looking into closet space when you’re looking at apartments for rent! My wife needs her closet space, and I think that being able to check into that while we’re shopping around for downtown apartments for rent would be a good thing for us! Thanks for the tips!raingo gutters

I do agree with what you said that first time buyers should settle for a house that costs more than 28% of one’s household monthly income. In addition to that, I highly recommend that they find a home mortgage service. With their help, a freshly-wedded couple can settle down in their future family home.buy property in malta

This method is without a doubt aesthetically certainly appropriate choice. Every one in concerns most important ones can be created by a lot of historical techniques. I can recommend animoto quite a bit. leader north London real estate

Investing in real estate is a popular choice for good reasons, but I don’t really want to be a landlord many of reasons. Some of reasons your already mentioned in your post. Thanks for sharing.sell my home fast baltimore

You make some valid points, but as the article states regardless of how much interest or whatnot you would throw away you’d still walk away with over $300k in gains tax free on top of the principal that was paid back over the 10 years.

With ultra low interest rates and modest mortgage payments after 10 years the remaining mortgage is only $275k. This would mean $125k of principal in the home. Count on top the $300k+ in gains and the person would have $425k+ in net worth starting from $20k. That’s over 2000% gain on original principal in net worth.

In the stock example, you made the assumption that people save but statistics show thatr average Canadian saves less than 2% of their pay. On top of that less than 10% of Canadians will invest in anything other than GICs and high interest savings so the likelihood of your scenario coming true is minimal. Buying a home forces savings and is easy for people to understand. Pay my mortgage and let rising prices help me to retirement.

For 99% of the population real estate is probably their best and only investment. I don’t disagree with your argument, but with leverage from real estate and the risk averse nature of real estate it’s the best advice for the normal guy.we buy houses maryland

Omg I’m beyond happy for you but I’m with Doug hopefully you’ll stay a bit longer at this one. Nicks with you he’s had itchy feet for 15 years but I put my foot down so he bought our first motorhome! So much love sent to you with this message. I’m sure you’ll make it wonderful as you always do! foreclosure

I think its important to also consider demographic and wealth trends. It’s no secret the divide between rich and poor has increased and there are more rich people than ever before. Typically ‘rich’ people live in major cities (Toronto/Vancouver), increasing the wealth of these micro-economies. Also, living in the downtown core has become very trendy for young professionals. Over the last 10 years there has been a major demographic shift in down town Toronto to a younger age. This indicates to me that younger people now found down more desirable than ever. I don’t rule out there will be some over building of condos and a moderate correction/stagnation but unless there is a major economic down turn I see no reason for a major correction.

Thanks for posting these tricks to finding my dream apartment. I need a new place in town that’s close to work, so I’m hoping that knowing a few of these tips will help to increase my chances of finding the right apartment that I will be happy to live in. I liked what you said about dressing nicely and being punctual for meetings with landlords. You’re right about how giving a good first impression can increase my chances of being chosen by a landlord as a tenant. It seems as though my options for spaces that are in town are pretty limited, so I should keep this in mind to increase my chances.This site

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I really appreciate your article, I thought that investing in real estate is more profitable as compared to investing in gold. And also there are less risk factors in real estate investment. So that’s why I personally prefer to invest in real estate.locksmith 32225

I too agree with your point like implementing a tiny house community like Opportunity Village was not straightforward, but it was doable, we just had to make it of interest to enough people. Realizing early pilot projects like this then sets precedent for adjusting municipal code to set physical parameters for this new type of land use. Very informative.home inspectors fayetteville nc

i just got your name from another blogger and i am trying to grow my business. this may be just what i need to do. i have several crafty friends so i think we could have a great show. thanks for the advice.home buyers