Quote:
Originally Posted by flamesfever
It's interesting to look back a couple of years in this thread and read about what the posters were saying about purchasing condos. The general feeling was that they were a terrible investment because of things like poor condo boards, rising costs, special assessments, past history of stagnant and falling prices, etc. And yet, that was the time to buy.
I have always felt that one should always keep a little bit of a contrarian point of view, and avoid the herd mentality, especially when it comes to investing.
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I won't disagree there there was an arbitrage opportunity from say, 2021-2023, but all the negative fundamentals you mentioned are actually magnified in these times of inflationary and distrust of authority. Going long on Calgary condos has significant holding costs, which, as a few posts above me exemplifies - is a risky proposition.