REITs Are In Trouble - Page 4
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Thread: REITs Are In Trouble

  1. #31
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    Lonewolf BC real estate prices went straight up last year and $100,000 dollars is not much in the scheme of things for people who are already in the game. I could have got 1.8 million last year for my house for a very brief time but that is the way it is. Still I sold in 2011 and went mortgage free and still own a property very near to my last property and I will let my life situation dictate my next move as I have always done.


  2. #32
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    Quote Originally Posted by lonewolf :) View Post
    BC average home sale price has dropped almost $100,000 (96,000) YOY every month this year. No province or state has ever experienced this type of decline ever. Divergence is huge this is not a healthy market. The gains n TO were parabolic while BC is crashing. The average home owner in BC now has 100,000 less cash & no one seams to be noticing.
    Prices should drop 50% to catch up with the rest of Canada
    Hidden Content - Working on a $1 million portfolio and $30k per year from it.

  3. #33
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    Quote Originally Posted by new dog View Post
    Lonewolf BC real estate prices went straight up last year and $100,000 dollars is not much in the scheme of things for people who are already in the game. I could have got 1.8 million last year for my house for a very brief time but that is the way it is. Still I sold in 2011 and went mortgage free and still own a property very near to my last property and I will let my life situation dictate my next move as I have always done.
    Wow. $1.8 M. Crazy. If you got 3/4 of that you're laughing!
    Hidden Content - Working on a $1 million portfolio and $30k per year from it.

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  5. #34
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    New dog job well done The problem with real estate in Canada & could be a big reason for bubble is almost all real estate agents represents both buyers & sellers a huge conflict of interest If going to buy real estate look for a company that only represents the buyer only though most likely are not going to find one. Then there are companies that are lying about only represent buyer.

  6. #35
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    The stock market, art, collectables real estate and so on are a product of the crazy world of QE and the money sloshing around and finding a home. I could have cashed out many times over the last 30 years and made a lot of money but it is my home and I just hold on until something comes up and I make the trade. That day may come again soon or in 10 years if it makes sense for me to do so.

    If not then I lose a bunch of paper value I suppose but I still feel I have done far better just staying put. Many here feel the same about their investments like the REIT's I suppose and they will decide when the time is right to sell or change their positions. As long as one can sleep at night knowing you could take a big haircut at some point then it is fine.

    MyOwn Advisor if we did get a massive 75 percent off correction in Vancouver real estate or even the REITS that might be a great opportunity. I say might because who knows what kind of world we will be living in after that event. Hopefully it will be the world of opportunity that we find ourselves in.


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