Quote:
Originally Posted by Hondaracer
i know its not pennies were talking about but why would you buy a townhome in port moody for 900 when you could buy a detached with a suite in Burnaby for 1.2 to 1.4
like that is a lot of money in difference, but if you're getting 1500+ a month for a suite its a no brainer.. i guess qualifying for the difference is the hard part and taking on the greater burden of debt..
a detached property with mortgage helper as opposed to a strata townhome.. hard to beat
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The wife and I did exactly that last year when we were searching.
900K townhome in Richmond or 1.2-1.3 new house in queensborough with a mortgage helper.
Don't regret the decision one bit, I hate having to deal with strata