Quote:
Originally Posted by Mr.C
lol 3 million. 600k down and then it becomes a 12k/month mortgage for 25 years?
Waiting for someone who's going to tell me how its an excellent investment vs renting.
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Problem is, the Chinese are coming in and buying with cash. Only poor people like us would need a mortgage.
It could possibly be an excellent investment. "What if" next year it can sell for $4 million? That's a million in one year, way more than what that guy is pocketing.
It sure beats buying that 100 year old shack in Vancouver a few pages back for like 2.5 million.