Comments on: BC (Before Crash) http://www.greaterfool.ca/2009/06/18/bc-before-crash/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 19:37:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ali Yen http://www.greaterfool.ca/2009/06/18/bc-before-crash/comment-page-3/#comment-46935 Ali Yen Tue, 20 Oct 2009 15:33:47 +0000 http://www.greaterfool.ca/?p=2719#comment-46935 How to buy a house at 20 with 3.5% down, one full time job and two extras to keep afloat, but houses price in U.S are going up aren't they ? http://www.businessinsider.com/20-year-old-buys-home-with-183000-fha-loan-and-just-35-down-2009-10?ref=patrick.net How to buy a house at 20 with 3.5% down, one full time job and two extras to keep afloat, but houses price in U.S are going up aren’t they ?

http://www.businessinsider.com/20-year-old-buys-home-with-183000-fha-loan-and-just-35-down-2009-10?ref=patrick.net

]]> By: randy jeannotte http://www.greaterfool.ca/2009/06/18/bc-before-crash/comment-page-3/#comment-34744 randy jeannotte Wed, 08 Jul 2009 05:04:43 +0000 http://www.greaterfool.ca/?p=2719#comment-34744 Where do I start. I have experience as an investor (stocks, mutual funds etc.) and as a real estate investor. Real Estate is where I have made money and stocks/mutual funds are where I have lost money. I feel mutual funds are terrible with the high MERS and average returns, why would you invest? I bought 21 rental condos in Courtenay BC in 2004 for an average cost of just over $50K per unit. My rent is $750 per month and they are now worth $125K. I don't know of anyone personally or through my large network of friends that have made their fortune in stocks/mutual funds BUT know many that have done it through real estate. Are there a few headaches with RE? Yes, very few But I can buy a lot of advil with 1.5 million. Stop and think...you put down 25%, your tenant pays your mortgage, you can depreciate the rental despite the fact over the long haul it goes up, you get income from rents...no brainer....maybe I could have done as well in stocks etc had I invested with a "professional" like Madoff or Ian Thow...lets see if this get posted ...PS read the online book Conspiracy Of The Rich by Robert Kiyosaki...and get the truth. Where do I start. I have experience as an investor (stocks, mutual funds etc.) and as a real estate investor. Real Estate is where I have made money and stocks/mutual funds are where I have lost money. I feel mutual funds are terrible with the high MERS and average returns, why would you invest? I bought 21 rental condos in Courtenay BC in 2004 for an average cost of just over $50K per unit. My rent is $750 per month and they are now worth $125K. I don’t know of anyone personally or through my large network of friends that have made their fortune in stocks/mutual funds BUT know many that have done it through real estate. Are there a few headaches with RE? Yes, very few But I can buy a lot of advil with 1.5 million. Stop and think…you put down 25%, your tenant pays your mortgage, you can depreciate the rental despite the fact over the long haul it goes up, you get income from rents…no brainer….maybe I could have done as well in stocks etc had I invested with a “professional” like Madoff or Ian Thow…lets see if this get posted …PS read the online book Conspiracy Of The Rich by Robert Kiyosaki…and get the truth.

]]> By: Tony http://www.greaterfool.ca/2009/06/18/bc-before-crash/comment-page-3/#comment-33169 Tony Tue, 23 Jun 2009 12:17:33 +0000 http://www.greaterfool.ca/?p=2719#comment-33169 RE: #131 Tony http://www.financialpost.com/news-sectors/story.html?id=1723972 Note the part about the Russian stock market. RE: #131 Tony
http://www.financialpost.com/news-sectors/story.html?id=1723972

Note the part about the Russian stock market.

]]> By: Mike (Authentic) http://www.greaterfool.ca/2009/06/18/bc-before-crash/comment-page-3/#comment-33043 Mike (Authentic) Mon, 22 Jun 2009 07:36:49 +0000 http://www.greaterfool.ca/?p=2719#comment-33043 Great post. Interesting timing with the topic as we have my in-laws over from BC here in London. They are from a small coastal town, 2 ferry rides away from Vancouver (that just called themself a city at 18,000 people!) and are completely convinced that their small lumber town is "different and special" from the world economy! No RE bubble there, $400k homes in the middle of nowhere in a retail town with no future is perfectly normal. No roads lead to anywhere from there. Mike Great post.

Interesting timing with the topic as we have my in-laws over from BC here in London. They are from a small coastal town, 2 ferry rides away from Vancouver (that just called themself a city at 18,000 people!) and are completely convinced that their small lumber town is “different and special” from the world economy!

No RE bubble there, $400k homes in the middle of nowhere in a retail town with no future is perfectly normal.

No roads lead to anywhere from there.

Mike

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