Comments by "Marvin Fine" (@torontovoice1) on "Why I Buy Homes Rather Than Rent" video.

  1. First of all, I enjoyed the video very much. It was not only entertaining but as a fluent Yiddish speaker, I want to thank you for your attempts to revive the language. You know I have been grappling with his very idea for the last couple of years. You make a lot of very valid points, but at the same time oh, there are many omissions. On a positive note, the idea appeals to me as well. I don't know if I would want as many as you have, but I was thinking of three maybe. In hot countries I am told that you have to leave the A/C on all the time. What if it breaks? There are many power failures in emerging markets! I guess you would need a property manager in each place not only checking on the property bi weekly, but have access to trades people whom you can trust X2 (the property manager & the person he hires) not only to do a good job, but to charge you fairly and not do work that is unnecessary. Next, what do you do about insurance / break ins? The word gets around that you are a westerner and the property is largely uninhabited. Have you ever had break ins? I spoke with my insurance company here in Israel and they told me that when you leave the property, the water & power must be switched off. Even going away for a few months, I came back to find a sticky coating on all of the plastic parts on electronics etc. So I guess you need to put everything away in sealed bags! I was looking at Panama for example (not anymore) but just as an example. The realtor told me that if the property is not "lived in", it will be trashed from the humid environment. So you would need to hire a live in person to maintain it. Its not that expensive, but might still cost you $800,.00 a month perhaps. There was a story I read in the Cyprus mail where a property manager rented out people vacation homes to refugees that trashed the place. Sure the guy went to jail, but I don't know if that is an insurable risk? I suspect not. Thanks again for the video. I'm going to do some extensive research on the topic. I'll read the rest of your comments and may comment further if I have the "koiah" to do so!
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  2.  @timstone84  I agree Tim. It can happen anywhere, and to anyone. The issue is how do you remedy the problem? Insurance, getting it fixed etc. Remember, you are not there. You are depending on others who may not speak English! Many are jealous as well, and hate anyone that has more than they do! Requires a lot of thought and cost/benefit analysis.
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  3. Very true, but he is doing this for lifestyle. As a creator, it is pretty hard to stay motivated living in someone elses property. Think about the pride of ownership.
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  4.  Pat Risberg  I also like to cook and eat healthy foods. For example, I don't eat salt.
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  5.  @garrettmgunderson  Ya eh! Ok, so you see a bunch of thieves on video. What do you do then? You are 8000 miles away! Think this through.
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  6.  @timstone84  that's very true to Tim. But most countries do not have Sharia law, like having your hand chopped off!
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  7. I dont think that is the message. Renting is always easier, but will you enjoy it? If you are a creator, your environment is very important.
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  8.  @matthewnirenberg  yes that's very true but some places are much more. I have an apartment in natanya with Seaview and it's almost 3.7 NIS. The other problem of course is what are the rules in the country to trigger residency? Here it's 141 days so you have to decide if it's all worth it. Especially if you are not spending that much time in a particular country
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  9. Its a matter of lifestyle. Look, I have expensive chef knives that I use and like. I also like to cook, and hate eating in restaurants. AIBNB mostly is the luck of the draw. When you have your own place, you know what to expect.
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  10. Not complicated, but might be uncertain. Depending on people when you are not there?
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  11.  @carollee3044  Yes, there is that uncertainty. But I think he has staff that go to these places and stay there from time to time as well. Another perc of working for the nomad capitalist!
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  12.  @carollee3044  it depends where. Very true. He is speaking of emerging markets (third world countries)
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  13.  @CashCatz  You don't. And you should expect a little backshiss!
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  14.  @carollee3044  there are arguments that can be made on both sides. What if you want to place that is renovated the way you like it
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  15. And want the lifestyle
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  16. I definitely think that's a good idea, especially because you want to get to know the area
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  17. To some people, it is a sport, just like having 30 passports
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  18.  @internetmarketerbr1800  you know whenever you go to a country where the standard of living is low, and incomes Are low, there's a good chance that they may be security issues. I like living in places that are safe
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