(public).sospep.events ~ view task ~ CREATE-article-why-RE-is-good-investment-at-todays-prices

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<li>[2017-01-dd][00:00] NEW task IN ?</li>
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<li>[00:00] NEW article IN&nbsp;</li>
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<li>[] reasons =&nbsp;</li>
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<li>] keeps going up ,&nbsp;</li>
<li>] only 5% down to buy (leverage),&nbsp;</li>
<li>] tax free gains on principle residences,&nbsp;</li>
<li>] rrsp home buyers plan&nbsp;</li>
<li>] some .gov programs , ex BC first time buyers, offering favorable loan terms for ...</li>
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<li>] SRC = http://www.greaterfool.ca/2017/10/20/no-escape-2/#comments&nbsp;</li>
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# 144 Ace Goodheart.&nbsp;on 10.21.17 at 12:31 am
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Yes but if you wish to buy 2 million Canadian dollars worth of bit coins, can you purchase them through the use of a 35 year 2.5% mortgage, with zero down and secondary financing?&nbsp;
Real estate continues to be the only mainstream investment in which it is possible to invest large amounts of money on &ldquo;margin&rdquo;&nbsp;
There is nothing comparable.&nbsp;
You cannot buy 2 million dollars worth of stock with 5% down and a 2.5% margin call. You cannot do that with anything else.&nbsp;
The fuzzy warm notion of Every one having a house to raise their happy smelly and warped little nuclear families in has created the monster that is investment real estate.&nbsp;
An entire industry fueled by a false pretence. A cute, cozy, dreamy lie.&nbsp;
And it is insanely profitable. The nesting instinct of beings with finite life spans and the urge to replicate their DNA is a powerful force.&nbsp;
You cannot generate that sort of leverage with Bit Coin.&nbsp;
As long as we are livin&rsquo; the lie real estate will continue to beat other investments by sheer force of leverage. You can make more off of a borrowed million than you can from your actual savings so long as the prices keep going up.&nbsp;
But you are playing the same dangerous game as the bond traders.&nbsp;
You need to always be buying into an interest rate slump. That is the only way to make money in real estate with out a bet.&nbsp;
As soon as rates rise, anyone who didn&rsquo;t bet something is toast.&nbsp;
And should have bought some bitcoin
# 146 Bitcoinaire
<dl id="comment_list" style="padding: 0px; margin: 0px; color: #222222; font-family: Verdana, sans-serif;"><dd class="entry" style="padding: 0px 20px; margin: 0px 0px 1.5385em; font-size: 1.3em; line-height: 1.5385em; width: 428px; background-image: url('http://www.greaterfool.ca/wp-content/themes/copyblogger/images/comment_bottom.gif'); background-color: #dfdfdf; background-position: 0px 100%; background-repeat: no-repeat no-repeat;">
A single Bitcoin now costs $6,000 USD.
Every day you dogmatically spend harumphing about the Millennial magic internet money, you&rsquo;re bleeding potential prosperity.
It was $3,000 in September. You could have easily doubled your money in 4 weeks.
Beat that YVR real estate.
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# 144 Ace Goodheart
<dl id="comment_list" style="padding: 0px; margin: 0px; color: #222222; font-family: Verdana, sans-serif;"><dd class="entry" style="padding: 0px 20px; margin: 0px 0px 1.5385em; font-size: 1.3em; line-height: 1.5385em; width: 428px; background-image: url('http://www.greaterfool.ca/wp-content/themes/copyblogger/images/comment_bottom.gif'); background-color: #dfdfdf; background-position: 0px 100%; background-repeat: no-repeat no-repeat;">
Yes it would appear that the conspiracy theories as to famous musician deaths are alive and well (remember Elvis?).
Only Hip song I ever could stand was Grace,Too. Hated the rest of their stuff with a passion (sorry Gord).&nbsp;
So one of the cockroach infested dumps in our &lsquo;hood (only affordable Toronto hood other than Parkdale) just went for 1.375 million. I actually had a look at it back in 2012 when it was selling for 389,000. Looked too far gone. Ended up buying the dump across the street for 279,000 instead (it had a functional heating system and the toilets worked).&nbsp;
Now everyone is excited about the new subway.&nbsp;
And that building, that could have been featured in an episode of hoarders, just made a mil tax free for some dude with a bit of an ability to see into the future. And right in the middle of a housing price crash.&nbsp;
Mine, across the street, worth slightly more, will unfortunately be subject to taxation (it&rsquo;s a three unit rental).&nbsp;
I learned real estate investing from my crazy neighbour back when I was 12. He had a bad back. Every so often it would go out on him and they&rsquo;d rush him screaming to the hospital. Invariably the hospital would refuse to take him (one time they thought he was high on drugs. And other time they figured he was insane). Eventually his back would sort itself out on its own.&nbsp;
He bought junk real estate. A group of three houses in a bad area (That then became a major thoroughfare due to a change in zoning and the City moving a road). Bought for a song. Sold for millions to a company that taxed the houses and built a car service garage and gas station.&nbsp;
Vacant piece of land in the middle of Hell&rsquo;s high acre. That became a housing subdivision ten years after he bought it. Paid five figures for it. Sold it for the low sevens.&nbsp;
Drove around in an old blue Cadillac. Fins to die for. Hood like a pool table. Could have afforded to drive anything. But he likes the old Caddy. This guy was the Warren Buffett of real estate. As old as the hills, richer than a Saudi Prince.&nbsp;
I&rsquo;ll always remember what he told me. Said listen, if you want to win, you have to have a bet. Bet that something will happen. Have a reason for thinking that. Always always have a bet.
Best advice I&rsquo;ve ever been given
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