Quote:
Originally Posted by Jason00S2000
The place I lease for my business/home is $2050 a month, but worth something like 700-800k I think.
I cannot even imagine buying here. I would definitely lease a Lamborghini or Ferrari before putting money down to buy a condo. I would get 1000 times more enjoyment out of the car+lifestyle than out of a piece of paper that says I own a place instead of lease.
|
That and because it's PROBABLY not affordable for YOU. I'm sure if you could afford it, you would live in your own house. How would it make sense, unless depreciation is a factor, to lease something rather than own it.
Leasing a high-end vehicle has it's advantages. The vehicle will certainly depreciate in value as you use it and you will eventually take a loss on it when you want to get rid of it. Leasing a vehicle for work has its advantages, if you're going to end up claiming it towards a business expense...
I'm not surprised why you don't understand the reasoning behind not giving your neighbour a chunk of your land to build a BBQ...it's because you don't own property and don't understand the value of it.
As for Vancouver's Waldorf Hotel closing...perhaps those who are upset about it now should have gone there more often to ensure that business was solid and that owners and lessees weren't loosing money. No one is going to give up their own money for years and years just to ensure a landmark property stays present while business is hurting. Head out to that street where the hotel is and look to your left and your right, you will see vacant buildings up for sale or lease because business simply isn't there.