Hi, Guest
02-28-2006, 05:33 AM
You can't afford to live in TO on that kind of money. Period.
The only people who can, are ones who "bought in" to the market 10-20 years ago. They can play with their monopoly money, selling one house for an inflated price, and buying another even more inflated.
You'd be ill-advised to buy into that market at it's peak.
That's why I'm going to have to go to Barrie, to avoid that problem.
You're only "rich" if you sell your house and have your cash "in-hand". But cash won't keep you dry or warm. So you need to buy a new house, at the same inflated prices.
The really smart people, are selling their homes that they bought in TO 10-20 years ago, taking the cash, and moving somewhere cheaper, buying a nice luxury home, cash, and working a nice easy job to pay the hydro bills.
The only people who can, are ones who "bought in" to the market 10-20 years ago. They can play with their monopoly money, selling one house for an inflated price, and buying another even more inflated.
You'd be ill-advised to buy into that market at it's peak.
That's why I'm going to have to go to Barrie, to avoid that problem.
You're only "rich" if you sell your house and have your cash "in-hand". But cash won't keep you dry or warm. So you need to buy a new house, at the same inflated prices.
The really smart people, are selling their homes that they bought in TO 10-20 years ago, taking the cash, and moving somewhere cheaper, buying a nice luxury home, cash, and working a nice easy job to pay the hydro bills.