Quote:
Originally Posted by no_clue
Every week I get a letter in the mail from a realtor asking me to list my house.
I'd like some opinions from you guys, should I sell my house now and live off the interest while waiting for the real estate to crash? I bought it in 2009 and if it sells at my reasonable asking price, I can make 55% including cost of renovations. However, I don't have a mortgage so it doesn't affect me too much if interest rates go up/housing market falls etc.
Anyone know how to short the Vancouver market? or specifically condos? lol
I bought SJR in the NYSE because I wanted a good US dividend. Personally I think their wi-fi tower will work out to their advantage for further growth. Lots of Asian cities have that + on public transit.
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chump advice would come from me (whcih would be to sell)
but do whatever you think is right - can you get better return on your money (opportunity cost of owning mortgage free) less cost to rent equivalent rent?
personally, i'd sell the place, buy a bunch of properties in the US and live off the income off of those, but that's just me - and i also have expertise in this area.
you could take the money and invest in preferred shared, dividend paying stocks, etc. and collect 6%+ after tax on your capital
or if you wanted to keep it - why not get a mortgage and invest that money, cost = 2.99%, if you can get the 6% return on pref. shares/div paying stocks, why not?
again, all the above are thoughts - do what you think is best for you
