Quote:
Originally Posted by Tapioca
Unless you're in co-op housing or living at home/with relatives, it's pretty difficult to pursue a rent-and-invest strategy in Metro Vancouver. Market rent truly is crazy now.
|
Go back in this thread like 20 pages and there are a ton of posts by members about rental rates and renters were all spouting off about how rent was so cheap in this city compared to owning. They said everyone who bought anything is ridiculous, as the rent to own ratio was way out of wack, and renting was the only clear choice.
Sample:
Quote:
Originally Posted by CivicBlues
I live in a condo in Coal Harbour. My Price to rent ratio is 29.76.
Price-to-Rent Ratio Definition | Investopedia
My Landlord is practically paying me to live there. I reinvest the difference in Index funds and ETFs. Sure I didn't get 30% yoy but I'm not losing sleep either.
So trade my "greedy landlord" for a "greedy market" which is likely at it's peak?
Stop trying to tell people what to do, just live your life and don't try to time the market. If you need a house, buy one. If you don't wait a bit.
Oh, regarding buyers on the sidelines - don't try to catch a falling knife. |