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"luxury"
(sh.itjust.works)
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this post was submitted on 22 Aug 2024
599 points (98.9% liked)
Canada Housing
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This is a community to discuss the housing crisis in Canada.
All so Canadians can find a decent home to live in.
Racism is still absolutely prohibited, but you are welcome to debate population growth, immigration rate, foreign home buyers, and the merits of single family homes or the green zone.
A merge of r/canadahousing and r/canadahousing2 for those coming from Reddit.
Bits of the sidebar and logo taken from those subs and will be going through a slight revision as things get settled.
founded 1 year ago
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How do you define "profit" here? Do you subtract mortgage payment? Because you only lose the interest portion of that; the principal payment is also profit (just not as a liquid asset).
Yeah if that's after mortgage payments then that extra is really just a dividend. You have to also look at property value increase as a potential proffit as well as the payment on principle since you could sell the property in a few years and make money on that sale.