 times. Cosmo context. Hello Chicho. I have a question about renting versus home buying. I know it depends on many factors but does it ever make sense to rent for a long period of time or is it financially irresponsible if you have the means to buy a home? No, it is not financially irresponsible if you have the means to buy a home if you decide to rent. For example, if you're thinking about personal finance and investing, when you buy a home you're carrying a huge debt. So your liquidity is sort of not there if all of a sudden huge investment opportunities pop up for you. So for example, it basically is about return on investment. Let's assume you buy a home. A lot of people say you buy a home, return on investment, return on investment, return on investment, return on investment, return on investment. You can control a lot of money by having a little... that's the only advantage by the way for buying a home because you can go into the banks will give you a ton of debt for minimum down payment, right? 5%. It used to be in Canada, it was 10% or something. So let's assume it's 10%. So let's assume you're gonna buy a million dollar home, right? In Canada it was 5%, right? So if you're gonna buy a million dollar home, the banks will loan you no money, okay? As long as you put 5% down if you had good credits, right? And if you had a job and you could show all the stuff, you got co-signers. So for $50,000 you control a million dollars. Now you don't own that million dollars, right? The bank owns it. That's just... they've agreed to loan it to you, right? And you're paying interest on it for 20 years, 25 years, 30 years. Some people actually sign 30-year mortgages, right? So if you have that, right? Let's assume an opportunity comes up for you to invest money somewhere. And by the way, you're paying interest, you're paying mortgage on this and all this chess. Let's assume an opportunity comes up for you to buy something at very cheap value, right? But you don't have the capital to do it. You have to go get a second mortgage on your home, which means you're going to more debt. You're gonna pay more interest, right? Now just imagine if you didn't buy that, you're paying rent, right? You got no overhead other than your rent. Pipe burst called landlord, right? Roof leaking called the landlord. Dishwasher breaks called the landlord, right? Landlord in my area has to come and sweep the driveway of snow, right? They have to do gardening. You got zero responsibility and you're not a million dollars in debt or $950,000 in debt. You got $50,000 in the bank and if you have good credit, enough credit to buy a million dollar home, it means you can get more money. All of a sudden opportunity comes up. For example, a year ago when the stock market dropped 30%, there was a lot of cheap things to buy. So you go borrow another $50,000 or you just take your $50,000 and dump it into this, this, this, cannabis stocks, this, this, this, this. Right now, if you invested in cannabis stocks from six months ago, right, eight months ago, your money of $50,000 would have been anywhere between half a million to 1.5 million, right? Who, those people that say the home is the best investment you can make in your life are talking BS, okay? It might be the largest investment or largest opportunity for you to go into debt in one lump sum. Yes. Was it a good idea to buy a home? Sure. If you can get it a good deal and you're going to sit in there for a while and if you're going to live long term, like 30 years in one place, maybe, right? Sure, sure, buy a home. Right now, depending on where you are, certain land prices, house prices are through the roof, right? And it really depends on when you're buying. For example, those people who bought into the bubble in the 1980s in the housing market in Western Canada, right, would have had to wait 20 years to get their money back. 20 years to get your money back for the value of your property to the same level it was before. Okay. Well, that was in the 1980s. Well, just imagine if you bought Microsoft stock back then, right? So no, it really depends on your own personal, personal financial needs, right? If you're raising a family and you can't have a landlord saying, oh, I want to do rent eviction, they want to renovate to evict you so they can raise the rent, right? If you got no rent control in your area or if you have rent control in your area, right? Then yeah, sure, there's a certain amount of stability that comes with owning a property, right? There's more of a financial burden, you're less liquid, right? You have less maneuverability. Okay, it really depends.