I read this article the other day. It's not bad advice, all markets crash, it's not news to anyone. Although sometimes is a bad surprise if you're in that tumbling market.
Part of being an investor is going through some really bad stuff, losing money, losing tenants, damaged properties and (gasp) the 3am toilet call.
The biggest problem is there is no Canadian market. There's the Vancouver market and the Galiano market and the Cape Breton market and though they are all Canadian they couldn't be any more different.
So, yes, your market will crash, hopefully you aren't over exposed. If you are learn something from it get up and start over. Certainly don't run away and never look back because "investing is dangerous".
Not investing is more dangerous.
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5 comments:
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Appreciating the persistence you put into your ideas and detailed information you provide. cesspool pumping
The point about real estate being highly local is very true—different markets can behave completely differently even within the same country. When evaluating a property, it also helps to consider practical features that affect comfort and long-term value, such as Double-glazed window installations and Double-glazed window options, which can contribute to better insulation and a more comfortable home.
Great point about how real estate conditions can vary dramatically from one region to another. The same principle applies when evaluating Northern real estate and property, where each city and local market can have its own opportunities, risks, and investment dynamics. Understanding the specific local market is essential before making an investment decision.
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