Said by a pig.I would rather have the money. You couldn't get me to live anywhere in that shithole of Toronto.
Cash is King!
I would take the cash over the home all day long.
The home will come with added carrying costs (Property Taxes, upkeep/maintenance, Utilities and costs to sell it later)
With the cash, you can do so many things with it.
I average 20+% returns on my investments..only because I work in the field and manage my portfolio. The lowest I have earned was 14%If you are asking an investment decision, it depends what the rate of return after expenses and taxes will be on renting/selling the home vs. holding the cash or investing it elsewhere.
If you're talking about a charity lottery win, I would take the cash, since a) I can save or spend it any way I can right away, and b) the sale of the home will attract taxes if it's not considered my principal residence.
I thought pigs liked shitholes?I would rather have the money. You couldn't get me to live anywhere in that shithole of Toronto.
Oshawa isn't exactly that far away from Toronto... maybe you should relocate further out.I would rather have the money. You couldn't get me to live anywhere in that shithole of Toronto.
Your right, it's not that far out, but it is not part of Toronto. I actually like it here.Oshawa isn't exactly that far away from Toronto... maybe you should relocate further out.
I average 20+% returns on my investments..only because I work in the field and manage my portfolio. The lowest I have earned was 14%
As for Taxes, I am referring to the $8K/year you would be paying in Property Taxes. The other loss will be the 3-5% you dish out as comission to the Agents..
With a house you bleed money even if you own it Free and Clear.
with $2M.. even at 5% return you can live comfy on 100K even after getting taxed.
Lotto wins are the worse... people come out of every bush seeking handouts