Quote:
Originally Posted by 4444
It's ok, there are many different assets you should be investing in, people are way too obsessed with owning real estate.
To me, it's buy low, take the positive cf whilst you own it (hard to do locally, when considering opportunity cost of downpayment), then sell high
There are loads of great etfs that you can do the same with, and the great thing is you can buy ones with extremely low volatility that pay you whilst you own then (healthily too)
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Yeah, but I work in construction doing renovations and want to truly work for myself on my own projects. Be completely and truly independent.
So for me, its not specifically returns that I'm looking for...obvious it needs to be profitable, but its not a matter of returns for the sake of returns.
As we've been effectively shut out of doing so in Vancouver, I liked the idea of Nevada or Arizona.
The only money left to be made in (Greater)Vancouver is leveling a couple shit houses and building low rise condos, and all the ones I've been watching are stalled in sales.