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Old 07-29-2010, 09:48 AM   #1128
Cowboy89
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Quote:
Originally Posted by Slava View Post
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.

I don't know what prices are going to do over the next short while...maybe drop by 5-10%, but maybe just stay pretty flat. Interest rates aren't exactly rocketing up here, and mortgage rates are pretty flat. Last I saw mortgage rates were dropping...sure that won't last forever, but its not a time to panic one way or the other either.
You can also diversify better with other investments (You can't own a garage in Vancouver, a living room in Toronto and a kitchen in Calgary) and keep a level of liquidity unmatched by real estate.
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