It costs more for 2 bedrooms in Vancouver like around $2500/m + utilities. One bedroom is around $1600+ depending location. I have been renting most of my life but it has gotten more expensive due to massive immigration and lack of housing. I was kicked out by my landlord after living in their basement for 10 years due to reason that his daughter needs to use it which I believe it's lie.
Yeah.... that's always a tough one. You really will never know exactly why. and yes renting in Vancouver is getting out of hand, that's for sure. We got just a few problems here in Canada 😬
For me, renting vs buying isn't about owning an investment down the road - it's about how much I spend per month and "CAN I SAVE"?. There's no point for me owning if I can't enjoy my home, and I can't save for something in the future. In a nuthsell? As a forever bachelor man, I don't see myself ever owning anything but my car and personal posessions. I was actually going to rent a 1=bed condo for $1900/mo...but then it was plus utlities.....plus parking.....plus storage unit.....plus lack of space.....Renting a $2200/mo basement apartment all inclusive with plenty of space was a savvier way. If you're going to do a video like this....please pick a more realistic cost of a 2 bedroom. I want to ask though, what's the point in earning the equity on a home if you only get it when you sell, only for it to disappear into your next property? If you're upgrading a house for a growing family, perhaps.....but not in most cases I believe.
Thanks for watching and taking time to write this out. Curious, what province you live in? As, the $2000 for 2 bed 1 bath rent I got from my local Facebook Market Place rental section. There was quite a few around the $2000 mark (Which is market rent where I live) To your ask of "whats the point" its a great way to save money and often times leads to a better return than stocks, especially if you factor in the tax benefits. Stocks/investments you get taxed at what rate your income is that year. With real estate, in almost all cases don't have to pay tax on those gains, which is a nice perk. Like you mentioned, most people need more space or room as family grows, so thats the main driver behind upgrading.
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Great video!
Much Appreciated!
It costs more for 2 bedrooms in Vancouver like around $2500/m + utilities. One bedroom is around $1600+ depending location. I have been renting most of my life but it has gotten more expensive due to massive immigration and lack of housing. I was kicked out by my landlord after living in their basement for 10 years due to reason that his daughter needs to use it which I believe it's lie.
Yeah.... that's always a tough one. You really will never know exactly why. and yes renting in Vancouver is getting out of hand, that's for sure. We got just a few problems here in Canada 😬
For me, renting vs buying isn't about owning an investment down the road - it's about how much I spend per month and "CAN I SAVE"?. There's no point for me owning if I can't enjoy my home, and I can't save for something in the future. In a nuthsell? As a forever bachelor man, I don't see myself ever owning anything but my car and personal posessions. I was actually going to rent a 1=bed condo for $1900/mo...but then it was plus utlities.....plus parking.....plus storage unit.....plus lack of space.....Renting a $2200/mo basement apartment all inclusive with plenty of space was a savvier way. If you're going to do a video like this....please pick a more realistic cost of a 2 bedroom. I want to ask though, what's the point in earning the equity on a home if you only get it when you sell, only for it to disappear into your next property? If you're upgrading a house for a growing family, perhaps.....but not in most cases I believe.
Thanks for watching and taking time to write this out. Curious, what province you live in? As, the $2000 for 2 bed 1 bath rent I got from my local Facebook Market Place rental section. There was quite a few around the $2000 mark (Which is market rent where I live) To your ask of "whats the point" its a great way to save money and often times leads to a better return than stocks, especially if you factor in the tax benefits. Stocks/investments you get taxed at what rate your income is that year. With real estate, in almost all cases don't have to pay tax on those gains, which is a nice perk. Like you mentioned, most people need more space or room as family grows, so thats the main driver behind upgrading.