You don’t pay off a $40 billion deficit with a revenue-neutral tax. — Garth”

Correct. And measures such as a 3% surtax on income tax were proposed in 1986, then removed years later:

“Mr. Speaker, in 1986, the previous government introduced a 3-per-cent general surtax — a tax on tax — in order to help bring the deficit down.”

- Paul Martin, 1999 Budget

The point being that you should at least be honest when presenting facts, and not skewing them to favour your arguments.

Something you have to pay for after you’re dead isn’t as bad as something you have to pay for while you’re alive and kicking.

Unless the problem is that there won’t be enough people dying in time for this to work.

all my properties cash flow. always have and always will. why you may ask? because i have purchased properties that are and will continue to cashflow no matter what the interest rates are or how the market is.

if you do not know how to properly buy & finance a rental property than you should not invest in rentals at all. This gig isn’t for you.

do i think the market will correct? yes, but i don’t really care because i invest for cash flow and will not be selling anytime soon.

most first time real estate novice investors and some of you here that have been in the game for a while (but still haven’t learned much) continue to make the same mistakes over and over.

one of the most common mistakes is that most of you look to mls for current listings. did you know that 90% of the good properties never make it on mls? and if the odd one does make it out of the realtor’s office and land on mls, that a smart investor would have an offer to purchase in place the same day?

I could go on and on about the mistakes novice investors and some so called long time in the field real estate investors make.

while most of you worry about interest rates, bubbles and all the negatives to buying now. my partner and i laugh while reading this stuff, as you are the types of people we buy from.

never fixed a toliet or had to deal with any challenges in 21 years. i leverage people that are better at doing that stuff than me.

great reads on this site but see that most here don’t know much about real estate investing and tax advoidence. if any of you are paying more than 16% tax on any income (don’t care if you make $500K or more) you need to seek out a better accountant.

most of my wealthy friends make much more money than i do but are taxed twice as much because they don’t think like the rich do. they will always be upper middle class and never reach it to be very wealthy.

rich business men wrote the tax code and the working middle class are paying dearly. hope this gets a few of you thinking…………..already bought two properties this year and look for more. i hope to see a correction as well, so that i can find better deals. if you can take one thing from this post, please stop looking at mls listings, thats where they list the junk most of us don’t want. god bless canada!

http://www.calgaryherald.com/Report+finds+plunging+office+rental+rates+Calgary/2603200/story.html

Plunging office rental…
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Yep and the Encana office tower-is under construction– (highest west of Toronto)

Insanity blowoff–extra ordinary popular delusions–