I sold my home. Now I pay one payment a month instead of taxes, maintenance costs. Renting is so much manageable. I lock my door and go on vacation. It will be great when I retire in 2 years.
For some retirees, who don’t have a large family coming over for family gatherings, and your landlord doesn’t sell or rentovict, it is fine, but for the rest of us who entertain often, enjoy our pool and garden, it is not something we would consider. We also lock the doors and spend our winters in Puerto Vallarta.
Until it goes up and you are elderly and have to move. Then will you be an elderly person crying victimhood - forgetting that you prioritized locking your door and going on vacation?
@@clarifyingquestions You don’t have to rent and lock the door to go on vacation We are gone almost 6 months every winter and have never rented. I learned at a young age, you are either going to pay for your mortgage, or you are going to pay someone else’s.
@@HamiltonRb hon I never responded to you but to a renter 2687 3 hours ago I sold my home. Now I pay one payment a month instead of taxes, maintenance costs. Renting is so much manageable. I lock my door and go on vacation. It will be great when I retire in 2 years.
Mark you are becoming a trusted source and doing a great job!! Thank you for your easy to understand communication style. Can you give your expertise on Intel. I bought when news of Cbips &Science investment and now is tumbling.
How do they figure out these stats about homeowners. Does this include single income homeowners the costs of maintenance, repairs, renovations, home and property insurance, and decades of interest rates
@@AndyWarhol1962 Nope but if all your landlords don’t like you, Buddy, you’re doing something wrong. Pick better landlords or act better with them, either way, take some responsibility
Banks want you in a mortgage situation, so any report coming from a Bank favouring owning versus renting will biased! There are a lot of hidden costs in owning a home that I am sure they are not factoring into their reporting!
Very good video. I find it interesting about the rent vs owning and I have seen most people that buy property to rent out have mostly said its not worth buying. When they show the numbers they only provide the rent staying fixed and not take into account that rent tends to increase every year, or use the numbers like if you rent you pay $3k/month but if you own you are paying $3.5k/month for your mortgage but don't show it over time as your mortgage is paid down. I feel like they show the fixed numbers to scare people away from owning so there is less competition for buying a house.
You are forgetting upkeep on the house, months where it is vacant or tenants do not pay, fronting cash for capital items, repainting and cleaning between tenants, higher costs for insurance and taxes/heat and water that are often paid for by landlords. Also, needing to keep great tax records, then if you sell the property paying the highest level of capital gains. And needing to be available at all hours (or pay a property manager). I've done it and don't ever want to be a traditional landlord again--I would have been better off to invest in the stock market.
This is not even debatable. Most people anywhere in Canada who purchased a house since 2012 have won lottery. While their mortgage keeps going lower, renter has to deal with skyrocketing rents, annual inspections, and possibly losing their house. Owner just make sure you buy something you can afford.
My next door neighbor to the right payed 150k. I paid 400k in 2018, and my neighbor to the right just moved in and payed 750k. From 150 to 750. Pretty crazy when you think about it like that
A home isn't wealth. If you sell it you can not realize any profits because the next house you buy is gonna be just as expensive. Materials for a fixer upper is being astronomical so that's out of the question too.
@@carpentryfirst3048 your point was that you can’t realize any profits so it’s not wealth. But if you have equity in the home, you can realize those profits by selling and renting, regardless of how much the rent is
@@nickalvaro5834 nobody under 30 has equity in a house. That's what I'm talking about about. I was born in the 80's. First house at 19 with a line of credit. Us older people will be okay. My 3 sons will never own a home. They will be lucky if there isn't social credit scores by the time they are out of school and ready for work. Easy for us to say anything other than "we all fudged". But if your under 30.. you basically are.
@lazerhawk2192 It is absolutely not a REIT. As I understand it, more risk and less liquid than a REIT. Depending on the agreement for the investment, you may not be able to take the money out for up to 10 years.
@nickstark8479 I see you get to pick the property. They just manage it. A reit gets to pick what you invest from a broad asset base. Where Addy its property specific. Got it. I can almost garrentuee you that most of the profit is going to the property managers. I would rather just own dream unlimited that's where all the profits are probably going to end up.
If my memory is correct, Tim Cook never made more then 100M US$ being CEO of Apple. Also a reminder, Apple had a net income of 97B$ compared to 132M$... I understand that they are both very different companies at different stage in their growth phase, but such a pay if absolutely insane. I'd be pissed if I was a shareholder os Shopify..
I sold my home. Now I pay one payment a month instead of taxes, maintenance costs. Renting is so much manageable.
I lock my door and go on vacation. It will be great when I retire in 2 years.
For some retirees, who don’t have a large family coming over for family gatherings, and your landlord doesn’t sell or rentovict, it is fine, but for the rest of us who entertain often, enjoy our pool and garden, it is not something we would consider. We also lock the doors and spend our winters in Puerto Vallarta.
When you retire move to a country where the rent is even cheaper and the weather is warm all year ...
Until it goes up and you are elderly and have to move. Then will you be an elderly person crying victimhood - forgetting that you prioritized locking your door and going on vacation?
@@clarifyingquestions You don’t have to rent and lock the door to go on vacation We are gone almost 6 months every winter and have never rented. I learned at a young age, you are either going to pay for your mortgage, or you are going to pay someone else’s.
@@HamiltonRb hon I never responded to you but to a renter 2687
3 hours ago
I sold my home. Now I pay one payment a month instead of taxes, maintenance costs. Renting is so much manageable.
I lock my door and go on vacation. It will be great when I retire in 2 years.
I like this quick videos with useful information, feels like real financial news. You doing a great job in this project, keep up the good work! 👍
Thanks, Marcio. I appreciate your support.
Mark you are becoming a trusted source and doing a great job!! Thank you for your easy to understand communication style. Can you give your expertise on Intel. I bought when news of Cbips &Science investment and now is tumbling.
How do they figure out these stats about homeowners. Does this include single income homeowners the costs of maintenance, repairs, renovations, home and property insurance, and decades of interest rates
No one factors in the difficulty of finding a landlord that likes you. Then being able to trust he's investing in real estate rather than flipping it.
I’ve never had a landlord not like me and none of my friends complain about theirs. Why is your landlord not liking you?
@@atio5491 You also shit diamonds, I presume ?
@@AndyWarhol1962 Nope but if all your landlords don’t like you, Buddy, you’re doing something wrong.
Pick better landlords or act better with them, either way, take some responsibility
I like the tenants who pay their rent and cause no issues. I hate the ones who don't pay. Maybe you're just not paying rent on time
If a board feels like the company’s success lies so heavily in the leadership of one man, then that’s a company I’m going to keep my distance from.
To a great degree, I agree. Any company needs to be set up to withstand change, but no doubt certain leaders are above the rest. Thanks for watching.
Do you have those reports in pdf available? I'd love to read them!
First time I watch your channel. Good stuff, concise, relevant, will watch more!
Awesome, thank you, Frederic!
Banks want you in a mortgage situation, so any report coming from a Bank favouring owning versus renting will biased! There are a lot of hidden costs in owning a home that I am sure they are not factoring into their reporting!
Yes. If anything, renters have more disposable income. Owners have paper money, until they sell.
Love these videos Marc!
Very good video. I find it interesting about the rent vs owning and I have seen most people that buy property to rent out have mostly said its not worth buying. When they show the numbers they only provide the rent staying fixed and not take into account that rent tends to increase every year, or use the numbers like if you rent you pay $3k/month but if you own you are paying $3.5k/month for your mortgage but don't show it over time as your mortgage is paid down. I feel like they show the fixed numbers to scare people away from owning so there is less competition for buying a house.
You are forgetting upkeep on the house, months where it is vacant or tenants do not pay, fronting cash for capital items, repainting and cleaning between tenants, higher costs for insurance and taxes/heat and water that are often paid for by landlords. Also, needing to keep great tax records, then if you sell the property paying the highest level of capital gains. And needing to be available at all hours (or pay a property manager). I've done it and don't ever want to be a traditional landlord again--I would have been better off to invest in the stock market.
This is very good for info, please continue.
Thank you, Estelle. Cheers.
Many thanks Marc. I love the concise updates.
Hey Enid! Thanks, as always. Hope you're well.
This is not even debatable. Most people anywhere in Canada who purchased a house since 2012 have won lottery. While their mortgage keeps going lower, renter has to deal with skyrocketing rents, annual inspections, and possibly losing their house. Owner just make sure you buy something you can afford.
No doubt the tide has turned. Thanks for your comment.
My next door neighbor to the right payed 150k. I paid 400k in 2018, and my neighbor to the right just moved in and payed 750k. From 150 to 750. Pretty crazy when you think about it like that
A home isn't wealth. If you sell it you can not realize any profits because the next house you buy is gonna be just as expensive. Materials for a fixer upper is being astronomical so that's out of the question too.
If you sold and then rented you would be able to retain that wealth
@@nickalvaro5834 not sure where you live but the average rent for a basement apartment is significantly higher than the average mortgage where I live.
@@carpentryfirst3048 your point was that you can’t realize any profits so it’s not wealth. But if you have equity in the home, you can realize those profits by selling and renting, regardless of how much the rent is
@@nickalvaro5834 nobody under 30 has equity in a house. That's what I'm talking about about. I was born in the 80's. First house at 19 with a line of credit. Us older people will be okay. My 3 sons will never own a home. They will be lucky if there isn't social credit scores by the time they are out of school and ready for work.
Easy for us to say anything other than "we all fudged". But if your under 30.. you basically are.
Addy is interesting and thanks for the information
It's just a REIT. It's nothing special
@lazerhawk2192 It is absolutely not a REIT.
As I understand it, more risk and less liquid than a REIT. Depending on the agreement for the investment, you may not be able to take the money out for up to 10 years.
@nickstark8479 I see you get to pick the property. They just manage it. A reit gets to pick what you invest from a broad asset base. Where Addy its property specific. Got it. I can almost garrentuee you that most of the profit is going to the property managers. I would rather just own dream unlimited that's where all the profits are probably going to end up.
Discord link
If my memory is correct, Tim Cook never made more then 100M US$ being CEO of Apple. Also a reminder, Apple had a net income of 97B$ compared to 132M$... I understand that they are both very different companies at different stage in their growth phase, but such a pay if absolutely insane. I'd be pissed if I was a shareholder os Shopify..
Should you rent or should you own..
How about my parents basement.😂
$200M 💀