Quote:
Originally Posted by Z3guy
4444 can preach whatever he wants. I bought my house in Vancouver in 2007 and it has been the best investment I have ever made. Especially being tax free. I am by no means saying I am savvy real estate investor, the timing just worked out for me because I wanted my son to start Grade 1 at the right school.
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illiquid paper gains suck.
You can claim your real estate investmetn has been great, but great compared to what? a GIC? risk adjusted, it is probably better, but S&P500, probably shits all over your vancouver real estate investment given the fact that you can't quickly liquidate, would have move to liquidate, and have most of your eggs in 1 basket.
don't give me 2007 S&P500 value vs. today, you would invest over the same time as you've paid off your mortgage (above your cost to rent).