What's the point high priced residential property?
What's the point of sitting on high priced residential property (fully paid out) when you never plan to sell it? This is kind of money that can never be materialized.
Apr 15th, 2020 1:44 pm
Apr 15th, 2020 1:47 pm
Apr 15th, 2020 1:51 pm
To pass it to the next generation so that they will have the advantage against the other who doesn't have what you have.
Apr 15th, 2020 2:08 pm
Especially if you don’t come from money. It’s the one great equalizer.Silver1234 wrote: ↑ To pass it to the next generation so that they will have the advantage against the other who doesn't have what you have.
Apr 15th, 2020 2:20 pm
Apr 15th, 2020 2:47 pm
Apr 15th, 2020 2:48 pm
Apr 15th, 2020 2:58 pm
Apr 15th, 2020 3:05 pm
Apr 15th, 2020 4:28 pm
Apr 15th, 2020 4:32 pm
Apr 15th, 2020 4:56 pm
To live in a comfortable environment without the headache that comes along with having debt or rent. Sometimes there really is more to life than money
Apr 15th, 2020 5:08 pm
"High priced residential property" is priced that way for a reason. Typically a combination of location and other features like finishes, size, etc. Those things appeal to an owner just like they do to a prospective buyer (thus increasing the price).
Apr 15th, 2020 5:27 pm
Apr 15th, 2020 5:32 pm
Apr 15th, 2020 9:24 pm
Well, it's not like everyone can afford high priced property.
Apr 15th, 2020 9:26 pm
If I could point to one post that demonstrates the problem with today's market, this would be it.
Apr 15th, 2020 10:15 pm
Why would anyone choose to own a $7 million dollar Rosedale or $10+ million dollar Bridal Path property as a tax free principal residence that they can afford to carry through instead of dumping their funds into cash that barely returns 2% interest if they're lucky, where all of it is taxed at income level?
Apr 15th, 2020 10:27 pm
Counter-argument here
Apr 15th, 2020 10:54 pm
I disagree with this statement.Silver1234 wrote: ↑ To pass it to the next generation so that they will have the advantage against the other who doesn't have what you have.
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