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Search: Posts Made By: Hawk13
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Forum: Canada
Jun 13th 2012, 3:04 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

A friend sent me these - a little doom and gloom but an interesting perspective nonetheless.

http://www.youtube.com/watch?v=8_AyOunLTUI&feature=relmfu

Part 2
...
Forum: Canada
Apr 28th 2012, 2:46 am
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

We all do the "right" thing and make the mortgage payments. Show of hands - who really wants to spend it on the Maserati instead?

My hands way up.
Forum: Canada
Apr 27th 2012, 6:13 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Crap, your right I missed a decimal point but still not a bad return.

Not all areas, especially in little communities in Canada, appreciate like London or Vancouver. You can still buy a house...
Forum: Canada
Apr 27th 2012, 4:23 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Exactly
Forum: Canada
Apr 27th 2012, 4:21 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Sure but let's use my parents house an example. They bought a house for $120K 30 years ago, price of gold was $40 an ounce so they could have bought 3000 ounces. Their house today is worth $280K,...
Forum: Canada
Apr 26th 2012, 2:05 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Interesting but what would £600 worth of gold purchased in 1930 be worth now - just a little bit more than the house.
Forum: Canada
Apr 20th 2012, 7:45 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

OK, I get that but must be missing something, how do they track that? Say my friend has five gold coins that he bought years ago and is planning on going to say Australia for work for four years and...
Forum: Canada
Apr 20th 2012, 5:45 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

I don't pretend to be right up on this stuff and need more enlightenment. So how do they know what you have? A friend of mine bought $10K worth five years ago so I'll ask him what documentation was...
Forum: Canada
Apr 20th 2012, 3:49 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

On what part?

Aviator had it right with

If you leave the country and then liquidate the gold, it depends where you're going.

As for the house, that's true on your primary residence but if...
Forum: Canada
Apr 20th 2012, 3:37 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Forgot about the farm property or "hobby" farm status - that's a great angle. I had a friend that tried it by investing in cattle and let them graze on his property. If I remember correctly, they...
Forum: Canada
Apr 20th 2012, 3:05 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Now you guys have got my curiousity going.

R I C H I'm not bad at math so that's moving every 2.4 years, have they all been in 'Loops. I'd bet that you moved based on the housing cycle. I tried...
Forum: Canada
Apr 20th 2012, 3:21 am
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

R I C H - Just curious, I take it that your in the same house? Haven't sold and bought a bigger, better house? The changing of houses always moved me up the price chain but no way I could pay off...
Forum: Canada
Apr 19th 2012, 8:39 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Gold over the last 10 years : low of $301.80 USD per ounce high of $1,889.70 USD and sitting at $1,333.34.

If you whacked you money into GOLD wouldn't that be a better investment than what you...
Forum: Canada
Apr 19th 2012, 7:53 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Just to stir even more - anyone out there doing a reverse mortgage?

And what if you invested in commodities like gold? Would you be better off?
Forum: Canada
Apr 19th 2012, 7:43 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

lwilli63 has it right with What if it doesn't or what if it does but just marginally. What happens if interest rates rocket up to the high teens or twenty's? Remember the 80's. Have you ever sat...
Forum: Canada
Apr 19th 2012, 4:31 pm
Replies: 103
Views: 8,469
Posted By Hawk13

Re: Buying v/s Renting

Someone has to put their hand up for renting.

I was brought up that you started making it in life when you could afford your own house. So my parents live in a small community and have owned...
Showing results 1 to 16 of 16


 
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