Quote:
Originally Posted by Cowboy89
From a financial perspective I'd like to offer that there's no reason for prices to rise substantially near term (6-18 months) and plenty of reasons for them to fall. We live in Calgary at $70 Oil, High labor costs, High materials cost, labor shortages, infrastructure shortcomings, and a glut of properties bought on spec over the past couple of years simply for investment purposes that have helped artificially increase prices further. If anything over time any number of these factors subsides. 'Concrete Equities' is advertising on Radio for the average joe to invest in real estate in Calgary and abroad. Note to anyone not in tune with the financial world: When investments come looking for Joe six-pack who listens to CJAY 92 as opposed to the other way around, something has fundamentally changed as their current investors who have already enriched themselves no longer have an appetite to invest more. This means that either the risk of the investment has increased substantially or the foreseeable profit has diminished, or a combination of both. Also another sign to get out is that one of my 'Get rich Quick' friends (who is still a 'thousandarie') is piling into a construction group that are starting a condo conversion project with what he says are "Guaranteed 40% returns" (heard different variations of that quote over the past 5 years from him but to no avail).
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Concrete Equities is, incidently, a horrible little company. <MOD EDIT: Removed baseless comment> They only stay a float because they pray on the uninformed and because the market has been even stronger then their own incompetence - which says more about the market then them....
Claeren.