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Old 08-08-2010, 03:22 PM   #105
calbert1999
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Drives: 2010 Camaro 2SS/RS Black IOM
Join Date: Jun 2010
Location: Toronto, Ontario (Canada)
Posts: 2,862
Probably, a better idea to pickup some cheap properties. Americans are lucky, propery values seem to fluctuate there, unlike here in Canada where property values keep going up 3-5% every year due to inflated home values created by bidding wars by Asians thinking in comparison house values are substantially less than in Asia, not realizing the market isn't the same. Also, when the markets are not doing well, everyone here invests in property, so again creates bidding wars and inflated values. So, eventually the housing market will bust (personally can't wait so I can get in on some deals), but so far no decline in inflated values.
Personally, real estate is the best way to go, especially when times are tough. Unless of course you get some insider trading secret, and that' illegal (for everyday people). I wish our banks would go bust due to overselling homes, with high interest rates. Here they just sell the house at market split the diff between former owner and mortgage company, and the cycle goes on. There, the banks take a loss on the mortgage and the home get's sold at an auction at city hall. Wow, ya'll lucky folks. Screww the markets, let me pick-up a few 300k homes for 100k. LOL
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