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Why is that better? In Toronto property taxes pay for a lot of services. Let the rich Chinese foreigners subsidize those services; I'll continue to rent from t
by aianus 11y ago
Why is that better?
In Toronto property taxes pay for a lot of services. Let the rich Chinese foreigners subsidize those services; I'll continue to rent from them at monthly rates I know they're losing money on (after taxes, maintenance, and opportunity cost).
Owning a home is a poor investment, there's a good reason companies lease office space and don't waste their time and capital owning and maintaining it themselves.
- eru 11y ago> Owning a home is a poor investment, [...] Depends on the tax treatment. Lots of places have tax breaks for owner occupied property; and some places like Australia go really crazy. (https://en.wikipedia.org/wiki/Negative_gearing https://en.wikipedia.org/wiki/Negative_gearing)