Comments on: Live the subsidized lifestyle

By: Nick Berg

Nick Berg — Wed, 01 Oct 2008 01:02:28 +0000

Hey Condo Abbotsford,

You realize that you get absolutely no pagerank from linking your site as the links have rel=”external nofollow” set? So all your blathering here is not boosting your search ranking at all. If you really want to contribute, why not use your real name… or at least some semi-human pseudonym? You can still link to your site if you really hope that the cynics here are looking to buy from “the condo seller”.

By: Befuddled by BS

Befuddled by BS — Thu, 18 Sep 2008 10:41:45 +0000

Um… ah… oh. Ok. Now I get it. Kickback. As in misrepresenting the real price to CMHC and mortgage lender by doling out cash to a buyer. Geez.

Am I missing something here?

By: INFUNK

INFUNK — Tue, 09 Sep 2008 18:57:35 +0000

Just make a smart decision based on your situation. Lets put it that way and let there be peace.

By: Condo Abbotsford

Condo Abbotsford — Mon, 08 Sep 2008 16:37:27 +0000

Scullboy, I m not selling or promoting anything here, I am not even associated with any of the projects condohype is talking about. I just have my opinion, just like you have yours. Sooo..Just Chill… Keep renting…and keep hoping that rents never go up…:)

By: scullboy

scullboy — Mon, 08 Sep 2008 08:50:22 +0000

Hey Abbotsford,
knock it off. I don’t know about the others but I come to this blog for one reason only: Reading Condohype’s brilliant “disown the lifestyle” manifestos. Nobody, and I mean NOBODY here is stupid enough to buy what you are selling. Literally.

By: exx

exx — Mon, 01 Sep 2008 23:47:24 +0000

Mechie, lol…

By: Condo Abbotsford

Condo Abbotsford — Mon, 01 Sep 2008 18:36:12 +0000

Hey I am not trying to sell you anything by saying 20 years later you will be ahead.. sooo plz buy my listing…

Generally speaking, that’s what happens.. People don’t save when they don’t have obligations.. Carioca Canuck, you & your wife are one of the very few people who have the discipline to do the math and do the right thing .. that’s great… And you must have invested in “something good” for the last five years to do better than someone who bought five years ago..

I am not saying buy beyond your means.. like 0 down and 40 year mortgage… IF YOU CAN AFFORD TO BUY.. You will be ahead…there is nothing fraudulent about it…

By: Carioca Canuck

Carioca Canuck — Mon, 01 Sep 2008 16:57:56 +0000

after 20 years you WILL be ahead………another fraudulent statement from the REIC.

Wrong…….the wife and I rent…….and we have saved as much cash as someone who would have bought 5 years ago would now have in total from their equity and mortgage principal paydown combined. Wanna run the math for 35 years like your stupid mortgage deal ?

By: exx

exx — Mon, 01 Sep 2008 05:35:42 +0000

I'm sold. I'm going to stop loading up on cash while I rent for half the price of owning so that I can work my ass off and, after 25 years, be a proud owner! Or... after crunching some numbers, save up a significant downpayment as I watch property values come back down to Earth and, when I decide to buy, be able to bring my monthly payments to a level where I don't have to work my ass off. Thanks, but no thanks. And if you need an example, rent for $1150 or buy the exact same unit for $375,000!. And if you're still not convinced, not that you ever will be so this is just for fun, I looked at this property 3 months ago. I can only imagine that losing $70K that quick would be the equivalent of flying out to Vegas and putting down that same amount in my savings on Black. Double Zero - Hershey Squirts.

By: Condo Abbotsford

Condo Abbotsford — Mon, 01 Sep 2008 03:04:34 +0000

Dear Hypester,

Read the full comment then write your response.

Real estate is a good investment if you buy for the long term (like any other investment) and not speculate and try to time the “cycles”. If you need a home to live in, and you can afford to buy, why rent?

If you are smart enough to buy what you need, not what you want.. You will always be ahead by buying….

Its not always about number crunching of buy vs rent… even if renting makes sense on the calculator buying is still better for a lot of people. because you work harder, pay off your mortgage someday.. you try harder.. and after 20 years you WILL be ahead..