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Owning versus renting

IanO

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This is very true and something I do enjoy as well.

I'll refine my opinion on condo purchase a little more.... I would not buy into an unbuilt development again.

The first 2 years are usually the worst... well until year ~25.

Developers craft (guess at) their proposed condo budget/operating sheet 2-3 years before it becomes real. They generally underestimate things to make proposed condo fees look more attractive and conveniently leave things out.

Given best practices, inflation and prudent direction for these things, I would generally expect condo fees to increase 10-20% month 2 and another 10 year 2 or 3.
 

ChazYEG

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However, I do dislike the idea that it HAS to be either a small condo in a tower or a suburban car-dependent hellscape 40 minutes away from the city center.
I agree that we need to have more options, the famous "missing middle", and more options in the suburbs.

Personally, anything that's not a concrete jungle filled with high-rises, or a large and densely packed urban area with back-to-back mid-rises lining the streets (ie Barcelonas and Paris of the world) is a hellscape. I could never live anywhere where the average heigh of the buildings is less than 5 stories, hahahaha.

The very concept of being completely noise-free and quiet, at any given time, like any suburb will always be, regardless not density, sends shivers down my spine.
 

Calfaer

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The very concept of being completely noise-free and quiet, at any given time, like any suburb will always be, regardless not density, sends shivers down my spine.
I would somewhat agree - the quiet that is found in a typical car-dependent suburban wasteland is just creepy and lifeless.

But what's ironic about that is that most "city noise" comes from...well, cars. Revving engines, tires on road, honking, etc. constitutes most of the noise found in urban centers. Psychologically, that ends up causing irritation and annoyance in people. Urban centers that are primarily walkable and separated from car traffic are lively and nice, but relatively quiet. Having to shout just to be heard over the modded motorcycle 10 blocks down is probably not anyone's idea of lively.

More ironic is that the people who complain the most about not wanting to go to city centers because it's noisy and crowded are suburbanites who drive their cars there!
 

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