Comments on: The Break Up http://www.torontorealtyblog.com/2009/11/24/the-break-up/ Fri, 30 Jul 2010 18:25:58 +0000 http://wordpress.org/?v=2.2.1 By: Duff http://www.torontorealtyblog.com/2009/11/24/the-break-up/#comment-2937 Duff Wed, 25 Nov 2009 05:01:27 +0000 http://www.torontorealtyblog.com/2009/11/24/the-break-up/#comment-2937 Regardless of when they sold, 2 months, or 2 years, they were going to incur that loss. Sure, waiting a few years would give them gains that negate this, but lost money is lost money. I'm starting to think that buying any property that you expect you'll need to sell without some outside reason (like moving due to work) is a poor decision. David, I'd love to hear your opinion as to whether the concept of a 'starter' home still makes sense considering the amount of leveraged borrowing people need to buy one these days. Does the exposed risk, upkeep expenses and potential gains add up to something that outweigh the costs of selling and buying a house on the 'next level'. Regardless of when they sold, 2 months, or 2 years, they were going to incur that loss. Sure, waiting a few years would give them gains that negate this, but lost money is lost money. I’m starting to think that buying any property that you expect you’ll need to sell without some outside reason (like moving due to work) is a poor decision.

David, I’d love to hear your opinion as to whether the concept of a ’starter’ home still makes sense considering the amount of leveraged borrowing people need to buy one these days. Does the exposed risk, upkeep expenses and potential gains add up to something that outweigh the costs of selling and buying a house on the ‘next level’.

]]> By: earth mother http://www.torontorealtyblog.com/2009/11/24/the-break-up/#comment-2935 earth mother Tue, 24 Nov 2009 12:54:32 +0000 http://www.torontorealtyblog.com/2009/11/24/the-break-up/#comment-2935 Ouch! no one likes to lose money... thanx for the number crunching & the cautionary tale! Then again, some cynics would say the financial loss is worth it to escape the union! Ouch! no one likes to lose money… thanx for the number crunching & the cautionary tale! Then again, some cynics would say the financial loss is worth it to escape the union!

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