Many people miss the leverage factor in RE. eg Buy a condo for $500k with 10% down. 3 yrs later that condo has appreciated to $550k many look at it as a 10% return when its actually a 100% return. Leverage is how true wealth is built. You need to get your money working. #vanre
这一观点发布后,立刻被CMHC CEO Siddall反驳,他说,你这套理论都是建立在你所描绘的“房价只涨不跌”的前提下。这就像是股票市场低价买入股票一个原理。但如果房价下跌呢?还记得2008-2009年金融危机时的情景吗?
Sigh .... Because in your made-up world, house prices only go up. This kind of investment advice is like selling penny stocks because theyre cheap. You DO realize leverage works just as powerfully when prices go down ... or were you not alive in 2008-2009?