In the predecessor post, I touched on some clichés, facts and fallacies about the Greater Vancouver housing market as an investment. That word is thrown around very loosely and often by unqualified propagandists with a vested interest.
But hey, if it’s your money-maker, you have to sell sell sell!
Truth is, people spend more time reading the Nutrition Facts on the back of a bag of Doritos Cool Ranch than they do researching claims that “Housing is the best investment”.
Your friends, your parents, your brokers and especially your real estate agent will always tell you that “housing is the best investment.” There might be some skewed truth to that (depending on many factors).
The truth is, for something to be “the best investment” it has to
a) Pay for itself
b) Pay you
c) Appreciate in value
So where can we find this?
But hey, if it’s your money-maker, you have to sell sell sell!
Truth is, people spend more time reading the Nutrition Facts on the back of a bag of Doritos Cool Ranch than they do researching claims that “Housing is the best investment”.
Your friends, your parents, your brokers and especially your real estate agent will always tell you that “housing is the best investment.” There might be some skewed truth to that (depending on many factors).
The truth is, for something to be “the best investment” it has to
a) Pay for itself
b) Pay you
c) Appreciate in value
So where can we find this?