1500 square feet per person right?This quote is hidden because you are ignoring this member. Show Quote
1500 square feet per person right?This quote is hidden because you are ignoring this member. Show Quote
See Crank. See Crank Walk. Walk Crank Walk.
You people think too small lol
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Per tooth actually. I think killramos has a 4500sq.ft house.This quote is hidden because you are ignoring this member. Show Quote
Killramos only has 3 teeth.This quote is hidden because you are ignoring this member. Show Quote
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
My avatar is accurate.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Who is Ramos anyway? And why do you want to kill him?
When you forego dental work, frees up some extra cash.This quote is hidden because you are ignoring this member. Show Quote
I've met the guy, can confirm.This quote is hidden because you are ignoring this member. Show Quote
Karri RämöThis quote is hidden because you are ignoring this member. Show Quote
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
^ Never Forget. Never Forgive.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Not Sergio?
a/s/l?This quote is hidden because you are ignoring this member. Show Quote
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
I missed having you around.This quote is hidden because you are ignoring this member. Show Quote
Cos...
I know you're joking but it's surprising how many people will actually argue in favour of this position. Usually Americans because they can deduct the interest on their mortgage at tax time but still.This quote is hidden because you are ignoring this member. Show Quote
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
Jokes aren't funny unless they shine a light on some truth. I work with lots of Americans, and it's amazing down there.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show Quote
Real Estate has provided irrationally high returns for the last few decades, even with the great recession. Given that people are most comfortable taking on debt for a house and governments/central banks have used cheap debt as a tool to spur growth, it's only reasonable that the housing bubble has grown. Population growth has also helped. It's hard to see demographics continuing to support that unless the floodgates are really opened up to wealthy immigrants at the cost of born-and-raised Canadians.This quote is hidden because you are ignoring this member. Show Quote
Knew someone that moved twice in the 2004-2008 boom and upgraded from a $300K joint to a $1.2M join while the mortgage stayed pretty much the same.This quote is hidden because you are ignoring this member. Show Quote
That's almost $400K more in equity compared to staying in the same home in the same period of time.
But I guess it only worked that 1 period of time in the last 30 years.
^
The same thing that leads to wealth that quickly can also wipe it away. Real estate investing is a hugely leveraged investment class (everybody borrows) and once you sign to purchase you're locked to that price fully (you can't cost average up or down or nibble away with savings).
This quote is hidden because you are ignoring this member. Show Quote
Buster, is that you?
Both Manhattan and Buster are totally correct.This quote is hidden because you are ignoring this member. Show Quote
For the average person, they view RE as their biggest investment. I view it as my biggest expense... and I've got two properties valued somewhere around $1.2 MM. I'm a huge hypocrite but here we are.
Interestly, my RE returns over the past 6 years have been -30% whereas my stock portfolio has been +100%. Funny how that works.