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Search: Posts Made By: Aviator
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Forum: Canada
Apr 27th 2012, 5:06 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

Your math is a bit off, gold in 1982 was $376USD an ounce, $120000USD buys you 319oz. (3000oz would have cost just shy of $1m). The last time it was $40oz ($40.62) was in 1971, 41 years ago. Today it...
Forum: Canada
Apr 27th 2012, 2:19 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

However that quote you used is out of context and relates to a real estate investment company advertising their investment products for sale, they were not selling a specific house, but investments...
Forum: Canada
Apr 26th 2012, 3:56 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

At $20 an ounce in 1930, you would have got 93 ounces for £600 ($1873USD) . At today's price of $1656 an ounce that would be worth $154008, or £95161 or 20% of the house value. It would not have even...
Forum: Canada
Apr 26th 2012, 1:28 am
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

I guess we read into things what we want to see! I have done handsomely on real estate and managed without renters thankfully. My kids will do well in themarket I am sure, whether it is as well as...
Forum: Canada
Apr 25th 2012, 2:31 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

http://www.investplusproperties.com/information_tools/realestate_stock.html

As this investment firm states, let the renters pay your mortgage and build your wealth as a landlord.
Forum: Canada
Apr 20th 2012, 5:47 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

Should answer your questions
http://www.cra-arc.gc.ca/tx/ndvdls/lf-vnts/dth/dmd/menu-eng.html
http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/lvng-eng.html
Forum: Canada
Apr 20th 2012, 4:25 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

Deemed disposition if you leave the country. Your assets are valued as if you had sold them (even if you don't) and you are taxed accordingly. If you sell your primary residence after leaving the...
Forum: Canada
Apr 20th 2012, 3:06 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

The great thing about having a farm property - our property tax is $1200 a year :)
Forum: Canada
Apr 19th 2012, 10:46 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

and having to deal with renters!
Forum: Canada
Apr 19th 2012, 9:02 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

Depends when you get in. I got in low, raw capitalism got the better of me and stayed in. I am now out and it flies better than gold. I liked having gold investments and a house! There was a guy in...
Forum: Canada
Apr 19th 2012, 7:48 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

End of the day, it is each of our risk threshold that determines the financial path we follow. I have done well with my strategies, they suit me and my financial goals, my kids are following the same...
Forum: Canada
Apr 19th 2012, 7:28 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

The only certainty is death and taxes. My gran said to me when I paid £27k for a house, prices cannot keep going up, that was over 30 years ago. Vancouver is still going up, the bubble busts, it dips...
Forum: Canada
Apr 19th 2012, 5:10 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

However, look at the value performance of property vs where investments have gone. One of my RRSP investment is worth less today than it was 10 years ago, my cabin is worth 3 times what it was 10...
Forum: Canada
Apr 19th 2012, 1:39 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

In BC it is $425k threshold. Property tax applies to all home owners, the exemptions is for property transfer tax, and to be exempt an individual must not have owned a home before (anywhere in the...
Forum: Canada
Apr 18th 2012, 10:17 pm
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

Property transfer tax does not apply to first time purchasers. Mortgage payments depend on how much down you make. My kids new place is $300 a month less for mortgage over renting and at the end of...
Forum: Canada
Apr 18th 2012, 1:20 am
Replies: 103
Views: 8,517
Posted By Aviator

Re: Buying v/s Renting

One of my kids just bought a house instead of renting. We did the math and its a no brainer.

She is paying 35% less per month to own the place than she would pay to rent something similar, she can...
Showing results 1 to 16 of 16


 
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