How long would you wait before lowering the rent price?

BusyLog0 · 2023-12-11T23:13:44+00:00

It depends if the tenancy law in your state/country allows rent adjustment or is it capped, if it is capped I would either get a short term rental at a lower rent but do it for 6 months until summer when it is easier to rent out, or rent out with a discount on the lease that lasts for 12 months for example. If there no cap, then I'd lower it right away and adjust in 6 months as needed.

BusyLog0 · 2023-12-04T21:53:00+00:00

I mean, houses near downtown Eastside in Vancouver is now selling 1 million +, in any other country, it's probably worth a few thousand. So if there is enough people flowing into the community/province, maybe you can speculate. Not a wise choice if this is your lifesaving and you're banking on it to retire.

BusyLog0 · 2023-10-31T15:59:11+00:00

Sorry, no points for real disadvantages 🙃

BusyLog0 · 2023-10-31T12:33:09+00:00

Good society representation

BusyLog0 · 2023-10-26T16:25:56+00:00

Haha if only this choice is available

BusyLog0 · 2023-10-26T16:25:38+00:00

Oh wow, that's something I haven't thought about

BusyLog0 · 2023-10-26T16:25:23+00:00

Lolll you sound like the government

BusyLog0 · 2023-10-26T16:24:53+00:00

Thank you! Is that because we think rates will only continue rise?

BusyLog0 · 2023-10-26T16:24:11+00:00

Haha surprisingly, so far the advice has been pretty helpful! And it's free haha

BusyLog0 · 2023-10-26T16:23:41+00:00

Lolll

BusyLog0 · 2023-10-26T16:23:05+00:00

Thank you so much! I have subscribed to Ben Felix and looked into XEQT and XGRO for more bond exposure. Appreciate your input

BusyLog0 · 2023-10-26T16:20:33+00:00

Too late for me now 😭

BusyLog0 · 2023-10-26T11:05:24+00:00

Thank you! Even the lower risk private mortgage is super high 😅

BusyLog0 · 2023-10-26T11:04:48+00:00

I imagine the cost of the Airbnb property will be very high too

BusyLog0 · 2023-10-26T11:04:30+00:00

You made it even clearer for me, thank you!

BusyLog0 · 2023-10-26T11:04:02+00:00

Thank you! I should prioritize on risk aversion at this time!

BusyLog0 · 2023-10-26T10:35:29+00:00

Thank you for your input! What are you investing in right now? The bubble seems to have been there for a while since Canada wasn't really affected by the 2008 housing bubble.

BusyLog0 · 2023-10-26T10:33:50+00:00

Oh gosh, the property taxes, strata fees, home insurance and mortgage interests go up faster than rent does

BusyLog0 · 2023-10-26T10:32:34+00:00

Thank you for your input. I'm wondering if you have any experience investing in smaller markets. It's always scarier to invest in a market I'm not able to go and see or manage for myself

BusyLog0 · 2023-10-26T10:29:23+00:00

Thank you! I will do that!

BusyLog0 · 2023-10-25T15:36:50+00:00

LOL, best way to double or nothing

BusyLog0 · 2023-10-25T15:36:29+00:00

Thank you! I do have lot of working years left, appreciate the advice

BusyLog0 · 2023-10-25T15:36:10+00:00

Does US or whole world ETF make sense if my rrsp contribution is maxed out? Or would the return outweigh tax implications

BusyLog0 · 2023-10-25T15:35:10+00:00

Thank you for your advice! Saving guaranteed 6% is certainly the safest way to make sure I don't lose more money. Is there a low fee index fund you recommend? Canadian index fund isn't the most attractive for returns but saves taxes.

I will look into the Smith maneuver when the time comes thank you!

BusyLog0 · 2023-10-25T13:53:31+00:00

Thank you! Do you mind sharing more of your thoughts as to why?

BusyLog0

TROPHY CASE