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by refurb
1895 days ago
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Two things I’ve noticed: 1. Price speculation. Owners are willing to take a loss each month assuming they will make it up on appreciation. This is very true for condos in Toronto for example. Rent is about $500-1000/month less than carrying costs of ownership. 2. Long-term ownership. Landlord bought the property for half the current market rate so carrying costs are way lower than if you’d bought today. |
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