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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: tejek who wrote (1458)	3/23/2013 11:59:28 PM
From: John Vosilla	Read Replies (4) of 2722

I think continuing on the current trend of the past couple years will create a massive bubble all over again well before the end of the decade. No one ever learns it seems and this time they are keeping J6P out of the game while prices are still low (so they can have years and years of pent up demand driving high appreciation when credit gets loose again?).. We can support maybe a 40-50% rise especially at these low rates but most critical is a real economy, jobs and incomes. Not trying to be another overpriced Vancouver of today or Phoenix in 2006.... Anybody home? Posh Vancouver neighbourhood rife with vacancies Nearly a quarter of the condos in one of Vancouver’s swankiest neighbourhoods are either vacant or occupied by non-residents, according to a UBC planning professor. Andrew Yan analyzed the 2011 census data and discovered a shocking number of empty homes in Vancouver, particularly in the Coal Harbour area, where 23 per cent were not resident-occupied. Experts say the phenomenon is likely explained by investors parking money in the city’s stable real estate market, though Yan said other factors may have contributed. Read more: bc.ctvnews.ca

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