British Expats - Search Results
British Expats

Go Back  British Expats > Search Forums
Reload this Page >

Search Results

Register
FAQ
Wikiposts
Search
Today's Posts
Mark Forums Read
Vendor Directory
Search: Posts Made By: lwilli63
Showing results 1 to 17 of 17
Search took 0.02 seconds.
Forum: Canada
Apr 26th 2012, 4:17 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Misleading: “the benefit of having real-estate in your portfolio is clearly evident from the historical returns of such assets”. The key word here is “historical” you cannot predict the future from...
Forum: Canada
Apr 25th 2012, 9:30 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

As I was reading the above article I thought it was extremely biased and some passages are simply not true. Alas, the reason is in the last line: they manage property on behalf of landlords - no...
Forum: Canada
Apr 25th 2012, 9:26 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

+1

Excellent summary, as you say "Who knows which will end up being the best financial option over the longer term"
Forum: Canada
Apr 19th 2012, 10:50 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Not much a baseball bat couldn't sort out I'm sure :)
Forum: Canada
Apr 19th 2012, 10:41 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

There is no such thing as "overpriced" whilst there is someone willing to pay :)

There is also no such thing as a "steady" job (unless you work in the public sector), companies have a nasty habit...
Forum: Canada
Apr 19th 2012, 8:17 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

And I think that herein lies my problem: if I were half as sanguine about the future as you and many other posters on this thread it would be a no-brainer.
Forum: Canada
Apr 19th 2012, 8:02 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

I tend to agree with your view on correction.... but who knows.

Where's that damn crystal ball when I need it.
Forum: Canada
Apr 19th 2012, 5:22 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Aviator,

Your underlying assumption is that property will continue to rise in future as it has in the past - remember the old hackneyed phrase "past performance is not a guide to future returns"....
Forum: Canada
Apr 19th 2012, 5:04 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Hi FL,

As you can gather I am no expert but I was told to be very careful with rent to own deals as they are normally offered by those who have not been able to sell their house outright. Also, I...
Forum: Canada
Apr 19th 2012, 4:41 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Thank you Hawk. I was waiting for someone to wade in, in favour of renting.

Your point about all those expenses that you don't take into account when owning a home is exactly what I was referring...
Forum: Canada
Apr 19th 2012, 4:22 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

+1

Good find el_richo. I should've guessed that there would be something on the web.

I plugged in some sensible / realistic figures (pertinent to my particular case) and assuming 2% capital...
Forum: Canada
Apr 18th 2012, 10:43 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

If you can buy a house for what you pay in rent then I agree: it's a total no-brainer. However, as JonBoyE pointed out the yields here in Vancover are brutal. It's a Vancouver thing, I chose to...
Forum: Canada
Apr 18th 2012, 10:31 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Relevant questions.

Do I plan to stay in Canada after retirement? That's way, way in the future but on current plans I would spend May-Sep here and the rest of the year in the southern...
Forum: Canada
Apr 18th 2012, 10:25 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Property tax DOES apply to first time buyers IF the propoerty is worth I think it is more than $300,000 and where I live you couldn't get a shack for that.

My approach to property ownership is...
Forum: Canada
Apr 18th 2012, 9:58 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

Hmmm, interesting a few posters have said it's cheaper to repay a mortgage than rent.

The house I currently rent is worth $700,000 and I rent two floors for $2,000 pcm. Say, I made a downpayment...
Forum: Canada
Apr 17th 2012, 11:33 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Re: Buying v/s Renting

I really don't think that it is that clear cut. Yes, after 20, 25 or 30 years you will have paid off your mortgage assuming of course you do not make any capital repayments above and beyond the...
Forum: Canada
Apr 17th 2012, 11:04 pm
Replies: 103
Views: 8,460
Posted By lwilli63

Buying v/s Renting

Currently renting a house in Westwood Plateau (Coquitlam) but the owner has decided to sell so I'm pondering whether to buy or continue renting. I'm ambivalent at the moment. Having owned a house...
Showing results 1 to 17 of 17


 
Forum Jump

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.