Quote:
Originally Posted by azndude69
Amen, why buy a place when your mortgage interest is $900 a month plus strata fees + property taxes, when you can rent the same apartment for $1,000 a month.
This doesn't even consider that there is a decent chance that property prices may drop in the next 1-3 years. So if the market drops say 10%, on a $300K condo that's $30 grand. for a person that makes $39,000 a year in that article, it would take her a a whole year to save that assuming her spending is zero and she makes $30K after taxes. 
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Would it be too much to ask for some rough calculations where you got the number of $900 mortgage interest?