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Old 08-25-2008, 05:20 PM   #298
photon
The new goggles also do nothing.
 
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Join Date: Oct 2001
Location: Calgary
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What do I have to say now? It was obvious it couldn't continue the way it was and that there'd be a correction... I thought the landing would be soft and it has been (unless you're stuck with a bunch of properties you can't pay, then it doesn't feel soft).

I won't pretend to predict if the market has bottomed for houses, but I don't think it's going to go down massive amounts.. condos still have a lot of room to go down.

I never took a real-estate never goes down stance and didn't buy my places with that in mind; I made sure the stuff I purchased made sense when the market turned around too, not just for when things were going crazy. So my stuff is quietly sitting there being paid off by my tenants and worth more than what I paid for it, so I can't complain. I have one property where I made a mistake buying it, but it isn't hurting me very much so I'll just be patient with it.

I wish I had more money to buy, there's some really good cash-flowing stuff out there at the moment.
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