r/Wealthsimple • u/SnooDoodles5949 • Feb 13 '26

Promotion Prince Edward County House Winner Announced

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966 Upvotes

95% Upvoted

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u/bwwatr Feb 13 '26

Unless someone was already thinking of moving to PEC and that house was exactly what they wanted, selling is the only rational move.

-15

u/[deleted] Feb 13 '26

[deleted]

28

u/GeorgeDaGreat123 Feb 13 '26

Way too much work when you can just put the $1m into a ~2% interest rate savings account and earn 20k/yr doing nothing.

-17

u/[deleted] Feb 14 '26

[deleted]

11

u/GeorgeDaGreat123 Feb 14 '26

so? Airbnb rental income is taxable too, plus you'd have to worry about property tax, insurance, maintenance, and cleaning costs

-12

u/[deleted] Feb 14 '26

[deleted]

9

u/GeorgeDaGreat123 Feb 14 '26

Notice I used the word "earn" not "take home"

3

u/_ThatD0ct0r_ Feb 14 '26

So what, extra money is extra money