Tuesday, 21 June 2011
bigger is not always better
You know, ever once in awhile, an article comes along to say how big a house you can get if you move away to a smaller market like Windsor where houses are cheap and plentiful. What they never seem to mention: You better be staying in Windsor because you won't be able to afford to get in any where else. There are a few places that are still inexpensive, like Hamilton, that i think will be worth more some day, but unless you're retiring, more is not always better from an investment perspective. If you buy a hugh house in Windsor for 300K or a tiny condo in Toronto for 300K, you would have more space and a better standard of living in Windsor, but the appreciation on your asset will be much better in Toronto.