Quote:
Originally Posted by SumAznGuy
It's easy to show a loss of money in the short term when comparing owning vs renting, but once you look at it over a longer period than 10 years, even at the current market situation, owning doesn't seem that bad of an idea. But of course it does sound like 4444 might have some commitment issues since he needs to be able to move on a whim. But I digress.
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i can't disagree more about owning a place for the next 10 years being a good idea at current values, but i've gone over that in great length numerous times.
i certainly hope your comments about my 'commitment' don't made with any negative connotations, owning a place, to me, has nothing to do with commitment, is one really committed to a city? just becuase i like the freedom to move at a moment's warning, doesn't mean i'm not committed to my partner (who supports me in my career, especially where i've gone somewhere that is WAY better, socially, and historically, than vancouver - but more importantly where we can both push our careers forward 10 years in a space of 1 move).
even if i had the job of my dreams in vancouver, i still wouldn't buy on financial reasons - but also because there are places i want to live in the world before i have kids, vancouver is not the be all and end all of cities, like how the main stream media like to tell you, it's a city, a pretty one, a nice one to retire, a safe one to raise kids, but equally a relatively expensive one with few very good career prospects.
if it were financially viable (that is returns at or higher than investing in equities given the illiquidity) to invest in real estate. i'd buy, of course i would, whether i live in that place or not is actually a decision i would make based on my current living situation.
i just don't understand the obsession people have with owning where they sleep - most people move every 6 years, is it? so is there really that great of an advantage to owning if you're just moving every decade?
i dunno, i have that view, i respect people who want to make roots in a community (especially once they have a family).
but, please, never question my commitment to people - freedom and commitment have nothing to do with one another (that is, unless i were moving and leaving my partner and fucking around, which i most certainly do not)