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Forum: Canada

Apr 20th 2011, 9:12 pm

Replies: 76

Did you buy a house in Canada before you moved over instead of renting.

Views: 5,718

Posted By Alan2005

Re: Did you buy a house in Canada before you moved over instead of renting.

Except those days are over unless you live somewhere that crazy chinese people like.

Forum: Canada

Apr 20th 2011, 5:36 pm

Replies: 76

Did you buy a house in Canada before you moved over instead of renting.

Views: 5,718

Posted By Alan2005

Re: Did you buy a house in Canada before you moved over instead of renting.

Renting makes little financial sense if you are eating into your savings to pay the rent - not a problem if it's for a few months whilst finding a job, but nothing beyond that start up phase. If you...

Forum: Canada

Apr 20th 2011, 5:20 pm

Replies: 76

Did you buy a house in Canada before you moved over instead of renting.

Views: 5,718

Posted By Alan2005

Re: Did you buy a house in Canada before you moved over instead of renting.

Huh? What's the percentage of equity got to do with it. It's about the net-change, not the total value. Doesn't matter if you start with a 100% or 10% mortgage - it's the difference at the end of...

Forum: Canada

Apr 20th 2011, 5:14 pm

Replies: 76

Did you buy a house in Canada before you moved over instead of renting.

Views: 5,718

Posted By Alan2005

Re: Did you buy a house in Canada before you moved over instead of renting.

It's not just about financials anyway. Life is to be enjoyed - perhaps you fancy spending a year or two living somewhere you wouldn't necessarily want to buy long term. That swanky downtown condo...

Forum: Canada

Apr 20th 2011, 4:56 pm

Replies: 76

Did you buy a house in Canada before you moved over instead of renting.

Views: 5,718

Posted By Alan2005

Re: Did you buy a house in Canada before you moved over instead of renting.

This is quite a silly statement. Paying rent makes just as much sense as paying debt interest.

If you are going to make it a financial decision, do it sensibly rather than coming up with stuff...

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