Quote:
Originally Posted by Red
Your best bet is to HELOC your current residence and with those proceeds buy a condo as an investment. There was never a better time to buy, inventory is up 100% percent (yup, that is one.hundred.percent) and sales are way down so not only do you have a great selection, but you can also take your time to choose as everyone else is out there doing stupid things like paying off their debts instead of buying the new great condo in east village.
Pretty sure the BOC had to lower the interest rate because people just don't have enough debts. We need to support this PC government by holding this economy together for just a little bit longer. Say, next elections?
And what better way to boost the TSX but borrow money and buy in at these bargain prices. The TSX has never been this low, you'd be stupid to pass that opportunity. Buy now before you are priced out, the overall economy is great as seen by this morning's announcement so it's noting but up, up , up.
Where's that green text?
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Laugh, you actually had me for a second there.
Goes to show just how lubed up everyone is on real estate mania and discussion in all corners of media and the office.