Quote:
Originally Posted by Jason00S2000
Example:
REALTOR.ca -Property Details F1220129
Imagine if I bought this place. 200k, near Skytrain, view.
On paper, having property and a mortgage would look good.
In practice, living there would suffocate my personal growth.
What would inspire me in that neighborhood?
What beneficial social circles would I meet living there?
What are the types of people I would meet here as opposed to living in Gastown?
What style would I develop from the sights and sounds around me?
When I made twice or three times as much as I made monthly now, I was bored. I lived in the suburbs and my growth was extremely limited. Very little art, people were static, and the style was so bland.
You and I have vastly different ideas of what "wealth" actually is.  |
You know, I have this debate. I have a different living arrangement than most. I get paid, for this building to live here, and pay a discounted rent. So I live in a 2 bed, 2 bath penthouse in an apartment that I have mostly renovated to our style. I have the entire building as my playground.
Obviously, I don't want to be here forever. And we have an arrangement that we can continue managing the building even if we move. Yeah, we're that good
Occasionally I think, maybe we should buy something...at least have it that its ours. Well, my monthly cost goes way up and I get an obviously newer 2 bed, maybe 2 bath condo where I need to answer to a stupid strata council and become one more in a filing cabinet of people. I don't live on the top floor anymore, and its a cookie cutter condo.
Or I need to chunk down over half a mill for a fixer upper house in New West which would be the only real advantage to moving...which would mean we need to work way harder to maintain our lifestyle, as so much more would be going to housing.
It really makes that rent check for my premium apartment but pays out like a 1 bedroom easy to write...
I suspect what will happen is: buy the condo, but don't live in it.