Quote:
Originally Posted by sonick
Aren't these people in an 'ideal' situation while sucker homeowners (full disclosure: I am now one of them) have their cash locked away in real estate with these imaginary 'unrealized gains' from the market?
|
i guess the argument here would be that in today's market, housing is almost considered a liquid asset (if said sucker homeowners ever decide to cash out with potentially bigger gains vs john smith's RRSP). so if someone has bought into the market in the last 2-3 years, the option of walking away with 30-50% gains on a whim has some value to it imo.