REM 300 Lecture Notes - Lecture 11: Cash Flow, Nuisance, Liability Insurance

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 300
• Professor: David Scofield

Document Summary

Individuals were better off in economic terms, on average, to have rented for most of the years in the study period. 2 fundamental drivers appear to be in place that favour homeownership over renting in the near-term future. Values are going up when leverage into an asset, creating expediential returns periodic mortgage payments . Renter in the model has to be really strict in investing the difference, unfortunately many would not do that (reinvest) & use it for consumptions goods such as buying cars. Renting can be better than buying depending on how strict renter & its costs. Can be standard properties that are only rented to over 55 age cohort. Residences where tenants receive a very high level of care similar to hospital. Richer, may have more capital, more demands. . 7 billion to meet existing commitments in social housing that support about 600,000 households.