Quote:
Originally Posted by OMG!WTF!
I'm not sure there is much if anything a really great property buyer can do to change the over all market condition to his or her favor. A savvy stock picker can beat the market. But winding up with equity in property has very little to do with your skill as a buyer of houses. It is almost entirely the luck of your draw that determines your net asset at the end. I think that's something to consider in this equation.
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A few examples I see all the time:
1) Identifying up & coming areas before they gain mainstream traction.
2) Buying a property that is likely to get rezoned for higher density. There's many houses in Vancouver that went 4 or 5 times value along Cambie Street for example, once they were rezoned for condo density.
3) Buying presale condos through an insider agent. Disclaimer that I do this for a living, but we essentially get first pick, exclusive discounts and the best prices to high demand developments.
On the stock market this would be illegal.
But I do agree a savvy stock picker can do great. I just find there's not as many savvy stock pickers out there and real estate feels easier for a lot of people. It also has far less likelihood of going to zero.