Quote:
Originally Posted by V
Not really. You sound like 1 of 2 things:
1) A liar that is trying to misrepresent his position.
2) A masochist. No one normal prognosticates the fact that they're going to lose 50 grand in a month, then loses 50 grand in a month and is happy about losing 50 grand in a month.
I'm not sure which one it is, but I'm leaning towards 1.
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What is there to misrepresent? That I own a home and have an investment property? LOL, what would lying about that get me here? As for being "happy", like I said before, it's the economy factors and how they work that interest me. Cashing out on the real estate investment it not my call alone and I'm lucky enough to not be overly concerned with the value of my current home (and as mentioned I'm looking for a larger one perhaps.)
Why all the directed angst sir? I'd like to think I'm listing factual numbers and trying to interpret them logically given my little amateur knowledge - it's not like I'm saying the "world is gonna implode omgomgomg."
I try to look at finances logically and not emotionally - and that logic also requires me to look at my own situation and say hey, you know, I might lose some value here. Though to be fair, I realize housing can be an emotional topic.
Quote:
Originally Posted by Slava
That is just because of borrowed money though. You could borrow a bunch of money and have the same impact with a lot of other investments actually.
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He is somewhat right in that you can leverage yourself pretty heavily/quickly in real estate as compared stocks for example. It's also a problem if you don't pay attention to the market and leverage yourself too much and things shift downwards.
Quote:
Originally Posted by newts
Interest rate increases are a function of the economy improving as a whole. Hopefully as rates start to rise, the BOC is making those adjustments to coincide with an improving economy, and hopefully coincide with an improving US economy as well.
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I'd agree with you normally, but as mentioned before the increased debt levels during a recession is kinda scary. That ~$40,000 consumer debt for every man, woman and child thingy could be an upper limit that people can carry. Who knows though, maybe people can continue to borrow more.