View Single Post
  #54  
Old Posted May 15, 2008, 8:03 AM
cornholio cornholio is offline
Registered User
 
Join Date: Jun 2006
Posts: 3,911
a single family home is by far cheaper then a condo or townhome in Vancouver. You have to factor in the fact that you can rent out the basement which over 30 years can give you well over $400,000+ in rent fees. So suddenly that $500,000 home really costs around a $100,000 unlike that condo that costs $300,000+(for much, much, much less space). Then you also have to remeber that with the home you own land, with the condo you own nothing. With the home your great grandchildren will have a home, with the condo your great grandchildren will have nothing. Personally if I knew that there could have been a home passed down to me but my great, great grandpa rather choose to buy a condo instead then I would be mighty pissed at the dumbass. With a condo all you pay for is a lease on land probably smaller then a parking space when you divide the occupied land by the number of residents in the building and the costs to build the thing.
Reply With Quote