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People don't think on numbers when it comes to perhaps their biggest purchase of their life or one of the biggest. And coming from a family who invested heavily in RE in different part of the world, I never understood what's so hard about it.
It's all opportunity cost. Let's say you could borrow half a mil, and just think what you can do with that here in Van. With some luck, you could get a condo that rents for 1.5K a month. Do you know what could you get in Argentina? in US? or any other country for that matter.
Seriously, if you are fortunate enough to be born in a wealthy family, take the opportunity and go see more. I am into commercial real estate myself and I have travel through many cities in the world to have a better understanding what makes a location attractive.
My friend, on the other hand, he spent some serious time and money playing stocks. Now he manages funds for his parents and friends to invest in the stock market.
He only lose about 12% during the meltdown and he is up 30%+ this year alone.
What I really want to say is, if you don't know what to do with the money, invest it in yourself rather than buying something you have no idea in.
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Nothing for now
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