In my opinion, a house can be a liability because it often requires ongoing expenses that don’t generate income, like mortgage payments, property taxes, maintenance, and insurance. While home values may appreciate, this isn’t guaranteed, and owning a home ties up capital that could be invested elsewhere for higher returns. Unlike assets that generate cash flow, a house usually incurs costs without producing direct income unless rented out. Additionally, property values can fluctuate, making it a less reliable investment. For many, the financial commitment of owning a home limits liquidity and can hinder wealth-building opportunities in more flexible, income-generating investments. Renting can be better because it offers flexibility, fewer maintenance costs, and no property tax. Renters avoid large down payments and can invest savings elsewhere. Renting also limits exposure to housing market risks while providing the freedom to move easily if circumstances change, supporting financial flexibility and mobility.
But for some people instead of renting, they rather pay mortgage and after some time will gain equity, to each his own.. its better if you have both, mortgage and investments with high return..
Both renting or having mortgage are liabilities. The only difference is rent is expense while paying off mortgage is investment. Your mortgage payments become your equity. Conversely, rent goes to the owner of the property, in other words gone. Joy’s house and the lot will appreciate within a year. So if they decide to move, they can sell the property with a margin.
@@wwhyte6479 i remembered before, when we first buy our house its in the 350k range, and a lot of people say do you expect you can sell it for 500k, and after a couple of yrs not even 5 we managed to sell it over 500k.. and the location is not even that great, so yeah, its an investment even you pay property taxes etc.. you still earn by buying and earning equity for sure after some time, i’m speaking from my own personal experience.. there is no tax from gaining capital gains in selling your primary house here in Canada
Congrats here in Vancouver our property is 600 k but onlly small property important is location it must be hindi liliblib na lugar away from civilization yes i agrree here in Canada maramiing cheap price brand new house pero nasa liblib ng Canada BORiNG people stay in BORING location like Edmonton ended DEPRESSION !! PLus the FRIGID weather 😅 nobody likes to saty lived in Edmonton people flocks here in Vancouver kahit Expensive causes they know DEPRESSION is number one problem in Canada specially with the Weather i hope yoy will realize soon good luck 😊
Your Welcome 😊 we Filipinos Asian has different mindset compare to white people western sanay tayo sa masaya festival hahanapin natin specially Filipino Asian Fooods here in Vancouver mostly multi culture Asian people stay here number one is ENVIROMENT and MILD WEATHER 😊 dyan da Edmonton geographically gitna ng Canada waling dagat at bundok 😅 sobrang lamig 😢 all year round baka winter clothes feels like you lived in the other planet like MOON or Jupiter 😅 all you eat is limited all frozen foods ! How will your family enjoy life in Edmonton middle of Canada FRIGID weather 😅😅😅😅😅
In my opinion, a house can be a liability because it often requires ongoing expenses that don’t generate income, like mortgage payments, property taxes, maintenance, and insurance. While home values may appreciate, this isn’t guaranteed, and owning a home ties up capital that could be invested elsewhere for higher returns. Unlike assets that generate cash flow, a house usually incurs costs without producing direct income unless rented out. Additionally, property values can fluctuate, making it a less reliable investment. For many, the financial commitment of owning a home limits liquidity and can hinder wealth-building opportunities in more flexible, income-generating investments. Renting can be better because it offers flexibility, fewer maintenance costs, and no property tax. Renters avoid large down payments and can invest savings elsewhere. Renting also limits exposure to housing market risks while providing the freedom to move easily if circumstances change, supporting financial flexibility and mobility.
But for some people instead of renting, they rather pay mortgage and after some time will gain equity, to each his own.. its better if you have both, mortgage and investments with high return..
Both renting or having mortgage are liabilities. The only difference is rent is expense while paying off mortgage is investment. Your mortgage payments become your equity. Conversely, rent goes to the owner of the property, in other words gone. Joy’s house and the lot will appreciate within a year. So if they decide to move, they can sell the property with a margin.
@@wwhyte6479 i remembered before, when we first buy our house its in the 350k range, and a lot of people say do you expect you can sell it for 500k, and after a couple of yrs not even 5 we managed to sell it over 500k.. and the location is not even that great, so yeah, its an investment even you pay property taxes etc.. you still earn by buying and earning equity for sure after some time, i’m speaking from my own personal experience.. there is no tax from gaining capital gains in selling your primary house here in Canada
You are right its liability unless you buy it in cash.
Salamat sa pag shout out 😂😂 di ko inexpect. Ingat kayo pag-uwi ng Pinas.
Isa ako sa nasa Pinas pa lang napapanood ko na kayo tapos ito nasa Canada na din. Kala ko nga maabutan ko kayo sa PEI.
maraming salamat po 🙏
@@madonnasanjose3923 nakakatuwa naman po, nasa PEI po kayo ngayon? Sana magkita kita tayo soon dito sa Canada😊
@@JoyInAlberta sana jan tayo sa Alberta magkita.
Hello from Vancouver! Congrats on your new channel! 😊
Hello po❤ Maraming maraming salamat po🙏
Hi sisssss! 😍😍😍😍 salamat sa pa shout out! 🎉🎉🎉🎉🎉
Nice video and a very nice house sis! 🎉🎉🎉
@@chie369 salamat Sis!😊 kita kits tayo soon
@ sana magkita tayu soon sis pag di na kayu medjo busy….
@ soon Sis!💯
Congratulations Sis Joy sa new channel at new home. 🙏🏼♥️ How much ang monthly utility bills sa new home niyo? Thank you 🙋🏻♀️
Hi Sis Maraming salamat!😊 magupdate ako dito sa Channel na to once mareceive namin ung unang bills. Maraming salamat uli🙏🙏🙏
Thank you, Sis ♥️
Kami nkakuha dito leduc Townhouse 3bedrooms $360k with no condo fee new build sis Sa calgary townhouse 2bedrooms lng $420k na
@@Sharonsouthvlog congrats po🙏 thank you for sharing po. Maraming salamat din po sa support samin😊
Hello sis Joy subscribe done congratulations for new house i live here in fort saskatchewan alberta close to edmonton 30mints drive
@@papinamatutinavlog3725 hello sis! Salamat ng madami🙏🙏🙏 sana mameet namin kayo soon
St. Albert is expensive
@@leighcruz6819 salamat po🙏
Oilers players live there.
@@haleluke7572 salamat po sa mga comments nyo and noted po
Congrats here in Vancouver our property is 600 k but onlly small property important is location it must be hindi liliblib na lugar away from civilization yes i agrree here in Canada maramiing cheap price brand new house pero nasa liblib ng Canada BORiNG people stay in BORING location like Edmonton ended DEPRESSION !! PLus the FRIGID weather 😅 nobody likes to saty lived in Edmonton people flocks here in Vancouver kahit Expensive causes they know DEPRESSION is number one problem in Canada specially with the Weather i hope yoy will realize soon good luck 😊
@@alexsalcedo8138 Thanks for watching, we respect your opinion. Salamat ulit
Your Welcome 😊 we Filipinos Asian has different mindset compare to white people western sanay tayo sa masaya festival hahanapin natin specially Filipino Asian Fooods here in Vancouver mostly multi culture Asian people stay here number one is ENVIROMENT and MILD WEATHER 😊 dyan da Edmonton geographically gitna ng Canada waling dagat at bundok 😅 sobrang lamig 😢 all year round baka winter clothes feels like you lived in the other planet like MOON or Jupiter 😅 all you eat is limited all frozen foods ! How will your family enjoy life in Edmonton middle of Canada FRIGID weather 😅😅😅😅😅