Tuesday, February 24, 2009

Inflammatory Headlines

I read this article today and thought well everyone knows that Vancouver's real estate market, especially the condo market is overpriced. So am I surprised? However, the headline is so misleading. How can anyone compare cross Canada Real Estate values in one sweep?

It's an effective scare tactic. If it's your home the value is in you living there and having a roof over your head. A home is not an asset unless it produces cash flow. Ask Rich Dad.

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