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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (32363)4/5/2008 9:21:53 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217948
 
much less than appreciation in my case.. remember... I am a do it your selfer, quite handy and enjoy the task.. Also consider my home was paid in 10 years... so interest at a minimum.. :O) Kind of like gold you can live in and good collateral... proper choice of location is important as you know... mine is good. Also I have been very fortunate to buy low..

Hard to find a rental situation with as much freedom in right location... There are intangibles, quality of life issues to consider.. on a straight P&L basis a better cost case can be made for renting but... depends upon the lifestyle one wants.. two kids two dogs two cats... not too easy in rental situation... I have a neighbour, good friend now that I can count on for pretty much anything..

As a kid we moved almost every year.. It was a ritual in the perpetual search for cheaper accommodation (better deal), in those days in Montréal it was ritual, each May 1... before age 10 when my folks bought their first home for I think about 17K LOL I can remember at least 5 moves not including stints with grandmother and a few years in northern Manitoba (three moves there insulated tent to trailer to cabin.. water from lake :O)

It's not just about money though.. somethings cannot be rented.. :O)

The Black Swan

Edit; I do plan on hiring someone this year for some renovations... I will still be nicely ahead after, and in fact expect added value due to the nature of improvements.. Some improvements have no payback... be wary of those.. you must really 'got to have them' to justify ...

EDIT: Property taxes have increased now to 3K yearly... cheap and that was consideration over other areas. In retrospect... not a big deal...