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My stupid new neighbour
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| Jayx1 |
This new guy down the hall is hilarious. Not only does he leave the shopping carts outside the front door (there are 5 now) but he is stealing power from the landlord. Apparently he has not turned on the electricity in the apartment and is running extension cords to the power outlets in the hallway. The landlord has cut the ends off them twice now and he is at it again! LOL LOL!!
I hope they kick him out of here. I live in a decent place. How the hell did someone like that get in here?
:eek: |
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| MaxTO |
| quote: | | but he is stealing power from the landlord. Apparently he has not turned on the electricity in the apartment and is running extension cords to the power outlets in the hallway |
Brilliant! haha |
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| MarkT |
| quote: | Originally posted by Jayx1
...
I hope they kick him out of here. I live in a decent place. How the hell did someone like that get in here?
:eek: |
lol...because your landlord is an idiot and the rental market sucks, so they take whoever they can get, haha.
I intend to purchase rental properties in the coming years, rather than go 100% into RRSPs and investments...I like the idea of cash flow when I retire...but it will only be condos or houses where a certain...how shall I say it..."standard" of tenant can afford to live ;)
I'm not saying all crazy tenants are "poor"...and not all "well off" people make good tenants...but I'll play those odds :D |
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| Jayx1 |
| I dont think hes poor living here. Probably just wierd. |
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| Playa24_7 |
| hahaha extension cords from the hallway lol! How many did he have?? |
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| Jayx1 |
| quote: | Originally posted by Playa24_7
hahaha extension cords from the hallway lol! How many did he have?? |
Just one but its all he needs for a heater and a fridge i suppose |
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| Jem_hadar |
| quote: | Originally posted by Jayx1
but he is stealing power from the landlord. Apparently he has not turned on the electricity in the apartment and is running extension cords to the power outlets in the hallway. The landlord has cut the ends off them twice now and he is at it again! LOL LOL!!
:eek: |
:stongue: :stongue: :stongue: :stongue: Bwahahahahahahahahaha
That is n gold... so hilarious! OMG... |
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| AwakenedAddict |
| quote: | Originally posted by MarkT
I like the idea of cash flow when I retire... |
That's how an RRSP works.. you put money in now and you can portion it out in a "flow" when you retire. In addition your money compounds and you have no costs.
Buying rental properties now will give you a cash flow when you don't want it.. in the present and near future. And unless you reinvest that money right away, your profits won't compound. That is if you have any profits. Compared to an RRSP (with none, or very little cost) rental properties take an initial investment (you have to buy the property) and you have to pay for upkeep to it. You could sell the property when you retire, but that will hit you with taxes because you will realize all the profits from the sell in one fiscal year and thus you will be in a high tax bracket for that year. |
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| MarkT |
same thing...different method...but I'm not getting drawn into the RRSP vs. rental income debate again...that was exhausted in another thread.
investment property requires a downpayment, nothing more...a tenant can pay the mortgage...the mortgage interest on investment properties is tax deductible. Real estate is also an appreciating asset.
It's hardly a "bad" way to invest money... |
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| DancingQueen169 |
| quote: | Originally posted by Jayx1
he is stealing power from the landlord. Apparently he has not turned on the electricity in the apartment and is running extension cords to the power outlets in the hallway. The landlord has cut the ends off them twice now and he is at it again! LOL LOL!! |
hmmm that's a good idea.... :rolleyes: |
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| baystreetboi |
| Appreciating for the time being, but just wait until interest rates start to climb again. My guess is that within a year or two of prime hitting about 6-7% (2-3% higher than it is now), there will be a flood of condos / houses on the market as both purchasers for occupation and for investment purposes are no longer able to carry the higher mortgage costs. Probably wiser to wait until this time. :) |
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| AwakenedAddict |
| quote: | Originally posted by MarkT
same thing...different method...but I'm not getting drawn into the RRSP vs. rental income debate again...that was exhausted in another thread. |
Haha ok..
| quote: | Originally posted by MarkT
It's hardly a "bad" way to invest money... |
I wasn't implying that it was a bad way to invest your money.. only that it is not one that would be suited to providing an investor with a sustained flow of money in the future term. |
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