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A comment on Canada bans foreign home buyers for two years. Parent comment

Re:Canada bans foreign home buyers for two years by rank0 on Tuesday April 19, 2022 @02:25PM (#31086880)
> Renting is throwing away money; it goes into someone else's pocket and it's gone.

Holy shit this is insane. Do you actually believe renting has no benefits?

When you purchase a property you’re on the hook for that mortgage payment for the next 30 years. Buyers absorb an enormous amount of risk. Maintenance is time consuming and expensive.

Renters can leave whenever they like and have no long term financial ties to the state of the property.

I guess everyone needs someone to fight against huh?

[ Parent | on HN ]
Re:Canada bans foreign home buyers for two years by Drew_ on Tuesday April 19, 2022 @07:13PM (#31090611)
They didn't say renting has no benefits they said it's expensive and has no ROI.

You position renting as easy and buying as a burden and an "enormous risk" so I assume you will be renting apartments and leasing cars for the rest of your life surely?

[ Parent | on HN ]
Re:Canada bans foreign home buyers for two years by rank0 on Wednesday April 20, 2022 @03:44AM (#31093917)
Why should a renter get an ROI when they have zero investment in the property? No risk no reward.

> I assume you will be renting apartments and leasing cars for the rest of your life surely?

No. I will consider my current financial and life circumstances like a rational human being. Do you understand how the world works?

[ Parent | on HN ]