Have a good week dude

I think you may have cherry picked one where landlord wants to lose money? Landlords typically price the units so it is self supporting and covers all fees etc.

I had counter examples but figured its not worth the back and forth. Ive run the calculators and here the mortgage including fees ends up way less than rental over 25 year period, and at end of 25 years I stop paying a mortgage, and a renter keeps paying till they die. You mentioned a smart renter would invest, but honestly I couldn’t afford to live in this place if it was rental, it would be over half my income. I’m better off owning and putting the difference from what it would rent for compared to my mortgage and fee, into an investment

Not sure where you live but as I mentioned my friend pays $1200 for a room in a house. A another lady pays $2200 for a coach house above a garage. My place could rent for $3500 While a mortgage is way less.
Out here at least landlords charge way more than their mortgage coat plus maintenance because they are income properties and the scarcity.

There is no cash flow surplus in BC and Ontario though, housing market is too high, rent is way too high, that people spend majority of income on housing. The person working and paying the amounts I quoted you is working to live. The old days of cheap rent where the metric make sense are gone out here.

I do understand. Our property tax is cheap here, mine is $100 a month. Insurance is $50. Ontario and British Columbia have very high real estate market, people get stuck renting because the 5% down payment is hard to save (for some) a 1 bedroom basement suite can be $1500-$1800 to rent. My friend pays $1200 to rent a single room in somebody’s house.

Mortgage is the way to go if you can have enough income to qualify for it and have the down payment. However back in early 2000 before Toronto prices spread to rest of Southern Ontario my mortgage was around $800 a month and the same house across the street was being rented for $400 a month. I agree in that scenario it would make sense to rent…but only for a time…eventually you have to retire and don’t want to be paying rent that has increased year over year. I.e. here rent can go up 3-4% y over year.

Yeah HOA in USA often seems like the current HOA owns the property sale rights, and can block a sale. Strata has no say in the sale, it is an owner to owner deal.

A lot of people complain about strata being restrictive, but guess who doesn’t show up to vote at the meetings; Same people who don’t want to join council when the new one is voted in each year.

Yes I did math, our mortgage at 2% interest is $1700, to rent this condo from a landlord would be $3500. In 5 years the property value has gone up $200K. So our equity is now close to $300k after 5 years. I could sell this year and have 300k cash. What would you have at 3500 a month to a landlord?

Summer tires maybe?

Bit different. The condo is a legal company ,collects fees To operate the building maintenance and repair, insurance, snow removal, etc. All owners vote yearly on changes to bylaws, or projects to be done.
I.e.hypothetically there could be laws about no blue patio furniture, however if majority of owners vote for allowing blue, then it gets changed. Its an owner run corporation.

Fees vary here in Vancouver Metro area. Some at $300, ours went up to $500. Part of the problem is your fees are supposed to build a contingency fund this cover prescribed maintenance, and emergency repairs, however you vote yearly to approve the budgets. Most owners don’t want higher fees so vote to keep the fee low. This means the operating budget suffers and preventative work may be delayed or skipped. This turns into higher emergency repairs, or higher cost as delayed projects deal with vendor inflation. So at some point fees sky rocket to catch up.

As a former homeowner and former renter, now living in a condo, its also the best of those. We are building equity rather than losing rent money monthly, and when things break somebody else fixes it.

Escambia County Public Schools Superintendent Keith Leonard said district policy is to use students’ legal name

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More bloat?

Yeah people subscribing to things like heated car seats, pressure cooker timer, software as a service, are not only financially ignorant they are feeding corporations that come up with the next stupid subscription.

I got lucky and picked one up for $200

I got lucky and picked one up for $200

Fanleas cases, no fan, no noise. https://www.monsterlabo.com/

Silent and fanless: look for a Monsterlabo case. It is all heatsink. Buy a fankess power supply, or buy a PSU that is overrates for the load and fanless under 30% load.

Its the setup I have. I can render video and other work loads and you don’t even know the system is on

Pixma just worked for me with GNOME ams the built in scanner app. If you mean network scanning, that’s a different story