tag:blogger.com,1999:blog-17649054.post2868020209127070841..comments2023-10-04T12:55:21.955-04:00Comments on Mississauga Real Estate, Homes, TREB & MLS Blog by Mark Argentino: How to Pay down your mortgage fasterMark Argentinohttp://www.blogger.com/profile/10720520986774448200noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17649054.post-30192461385692866172010-04-29T08:00:17.704-04:002010-04-29T08:00:17.704-04:00Good comments!
Over time real estate seems to incr...Good comments!<br />Over time real estate seems to increase at a rate of about 4 to 6% per year, every year.<br /><br />I've always thought of real estate principal residence as a forced savings. It's the investment properties that make you money.<br /><br />All the best!<br />MarkMark Argentinohttps://www.blogger.com/profile/10720520986774448200noreply@blogger.comtag:blogger.com,1999:blog-17649054.post-82678000645623384072010-04-28T22:59:36.633-04:002010-04-28T22:59:36.633-04:00Ok, but home owners will see their payments increa...Ok, but home owners will see their payments increase also in the form of heating costs, utility costs, maintenance costs, increase in taxes on the property, increase in interest rates in the future as the mortgage resets every 5 years. Additionally when real estate goes down the equity will be wiped out in the process if it does.<br /><br />I do own real estate, but renting is not waste of money in circumstances when real estate is so overvalued around the world that is not even funny.<br /><br />The problem today is that people look at their monthly payments and see if they can carry that debt and not the total debt payment that they have to pay off.Anonymousnoreply@blogger.com