Quote:
Originally Posted by Knight_KB
all i've got to add to this thread is that basements are awesome. we've got 2, 1 bedroom suites rented @ $600 each. mortgage is $1800/month. rough life living in the lower mainland having to pay $600 towards a mortgage every month living in a 5000 sqft house. not bragging, just sayin...
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Sorry for all these replies, but I've not read the thread for a while,
Good for you, you pay $600 a month in mortgage (plus all the other ownership costs).
But you also share your house and common outdoor property with strangers, ergo, you get little privacy.
If you're fine with that, good for you, but I'd rather live in a more modest place and have my privacy, peace, and ability to do what I want in my house when I want, you can claim you have all these things, but I don't see it this way.
What ur really doing is financing a multiple family unit, not a single family house. This is one thing I hated about Vancouver, Surrey, Burnaby, all the basement suites - it's grim, it's trashy, it makes a neighbourhood undesirable to higher net worth individuals, this you property value is restricted