Quote:
Originally Posted by jasonturbo
An interesting concept with real estate investment is the comparison to other financial instruments that rely on leverage. As an example, say you buy an 800K house with 80K down and it appreciates to 1.2M in two years, the realized gain in % is much higher than 50% as you've really only had to front 80K down and about 90K between mortgage payments, property taxes, etc. your return on 170K over 2 years would have been roughly 240% based on the amount actually invested. Any retard is now a brilliant investor - the downside? Exposure to risk is very very high and liquidity is very low... great strategy until the party stops.. but hey, maybe it never will.
I love the attacks on 4444, it's as if there is no better way to make money than buying Vancouver real estate... anyone who didn't buy was a total idiot... regardless of whether or not they made more money through other investments.
IE: I've made >1000% return on a private investment over the last 4 years while remaining fairly liquid, yet according to some of the comments in this thread, I'm a moron for not buying a house in Van.
In response I would tell everyone in this thread you are an idiot for not investing in the right tech startups, we will both own a house in a couple years, the difference is that I won't owe any money on it.
Such bias  if you can't be impartial and un-emotional in this thread perhaps you need to reconsider the situation from an objective perspective... you never know what you might come away with from it.
If I could turn back time would I have bought a house when I moved to Nvan in 2007? Yes I would have, 100%. Would I buy a house today at these prices? Yes, but I wouldn't if I had to be savagely leveraged, and I say that because it would be my home and a 50% drop in value wouldn't matter to me because it is my home, not an investment... I don't plan on flipping my home, I plan to live there. |
People are not attacking him lie cause he's wrong. It's the way he says things. I agree with most if not all his posts 100%. But to think you're doing it right while everyone else is doing it wrong is just being stubborn.
And also to think the market will ever drop 50% is ridiculous. 50%!!
Also, you guys are discussing a lot about people buying properties as investments and if the housing market ever crashes, they'll be doomed. I don't know where you guys live to not see this, but these foreigners buying up all these properties don't give two shits if it drops. These guys hold millions upon millions of dollars. It'll only put on small dent on there networth.
@jason you've made great returns on your investments and that is great for you but a lot of people either don't have the knowledge or capital to ever make the gains that you did.
Let me ask you this? Can you make a million dollars in a day doing investments? Probably not, unless you're a wall street guy but it seems a lot of these guys are doing it by flipping houses.
More risk but more reward. Money can be made anywhere. It's just do you have the balls to do it is all