Quote:
Originally Posted by Gridlock
Yes and no. Here's a rule of thumb to consider...don't rent more than you can buy.
That works with cars and houses.
If you are forgoing the purchase of a modest condo that's within your budget so you can instead go and rent a pimpin' pad in Yaletown to show off to your friends-you are probably doing it wrong. Not saying its going to be the end of you, but your priorities probably aren't in order.
|
I disagree.
I rent and I don't own, but I have a ton of fun and the social status and circles afforded when you live downtown is FAR GREATER than what I could achieve by buying what I could afford.
I've blown a ton of money of frivolous cars, renting, and vacations, but I have very few moments of boredom and it has provided me with a personality that gets me in almost anywhere. The women I date are typically spectacular as well.
If your priorities are to save money and date regular women and work a 9-5 job, yes, live in Surrey and purchase.
If your priorities are to enjoy the best that urban life has to offer, and you're willing to risk security of savings to work a little harder than the rest to get more out of life, throw caution to the wind and live it up in the moment.