/biz/ - Business & Finance

>>8405836

>Muh conspiracy
>Muh niglet

Wow you're stupid.

If you can't formulate a tenable argument against a midget nigger Redditor, than you're in worse shape than you even imagine...

>>2480073
that's bad news senpai, it means your landlord is broke, still has your rent + deposit, but you're squatters now, right? you're going to have to move and pay another deposit and all that shit?

>*demands unpaid taxes on your crypto gains*

Wat do?

>>2333648
>what countries does this?

Pic related.

Moscow tax police.

>Pay denbts citizen

>>877942

You're absolutely wrong.

With closing costs, the average condo in my town comes in at about $500,000 and to avoid mortgage insurance you need a hundred grand down. The mortgage costs $1,900 a month (5-year, closed), with strata fees and insurance adding $500 and property tax at least another hundred. The $100,000 downpayment is not without cost, either, since if invested at 7% over five years it would grow by $580 a month. Total nut for owning is $3,080 a month.

Over five years, then, ownership costs are $184,800 as opposed to rental costs of $150,000, for a $34,800 premium. Now let’s say the condo retained its full value and was sold in five years for $500,000. After commission, HST and mortgage repayment ($343,000 remaining on the loan), plus getting the deposit back, the owner would walk away with $28,450.

Yeah... No thanks.

Only idiots fall for this scheme. Buy what increases in value, rent what deflates. Simple.

I invest in real estate, but I do it indirectly through a real estate investment trust.