Dave Chilton
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Appearances Over Time
Podcast Appearances
And the grandparents wouldn't be too enthused either.
And did you rent an actual detached home or did you rent a condo?
What kind of place?
A lot of people with young kids worry about renting because they think there's a chance they could get kicked out at some point.
The landlord goes a different direction and then they're forced to move and they may have to change schools and that could be psychologically impactful on the kids.
What was your thinking there and how do you protect against that?
And then now you're saying I'm nutty.
It doesn't matter as much until they get to high school.
You know, where you have those friends that you're bonding with in a different kind of environment as you become young adults.
Not to say it doesn't matter at all, but it doesn't matter as much until that age.
But you've obviously given a lot of thought.
You also mentioned that you weren't the landlord type person, that it just didn't go for you.
What about that experience left a bad taste in your mouth?
You know, it's interesting.
Like I'm pro home ownership.
You know, when people listen to the podcast, they hear me trying to give both sides and Ben giving both sides and I get criticism online, but I own my own home and
My kids own their own homes now.
I'm pro-home ownership.
But I find it fascinating how when you sit down with very smart people, how few of them recognize how much they've had to spend on their home over the years in terms of ongoing maintenance, small improvements, and of course, major refurbishings.
They're completely out of touch with the math of that because in Canada, we have the tax-free capital gains on sale to principal residents.