Comments on: A Lot of Canadian Real Estate Owners Decided To Own 4 Or More Homes In 2020

By: Beat the system yourself and not the landlords.

Beat the system yourself and not the landlords. — Wed, 27 Jul 2022 02:18:15 +0000

Sound like there is people that have extreme jealousy issues posting in this comment section. And no I do not own multiple houses. I started out with nothing 30 years ago at age 20 and now at 50 I own one house that is 90% and 10% the banks. Then I wanted a better retirement but had no desire to deal with tenant issues, so guess what. I invested in farm land and that’s less return then housing but higher value market increase. Secret is they build new house everyday but they don’t make anymore farm land. So I guess I am also someone you can be upset as well. However anyone 30 and older could have done the same thing. After I read comments like this or on Facebook makes all the more happy I don’t have to deal with housing tenants.

By: dan

dan — Mon, 25 Jul 2022 14:39:24 +0000

they all bought on helocs. assets of one house used to leverage the next. watch the dominoes fall over in the next year. hahahaha

By: Concern investor

Concern investor — Mon, 25 Jul 2022 08:30:38 +0000

Sorry you feel this way. We have been a 10 year renter I know the challenges and uncertainty that comes with it. We worked our way up to hose ownership and rental property investment. I would not call it greed, it is an attempt to make a chance of having reasonable retirement.
As to prices, it is Supply and demand of the free market. Very hard to go against that

By: Noitall

Noitall — Mon, 25 Jul 2022 01:07:10 +0000

In reply to Gerald Silva. For anyone who has lived through 20% mortgages 5%-7% is not a big deal. The sky is not falling and long term real estate invesyors will be just fine. Especially millenials. Remember that with home buying comes renos, appliances, windows and coverings, landscap, etc. That means the movement of money which always translates into good paying jobs. Kill the housing market and down goes the economy. Just thoughts from another point of view.

By: Noitall

Noitall — Mon, 25 Jul 2022 00:57:59 +0000

In reply to G.A. BROWNE. Cash comes from real estate

By: Noitall

Noitall — Mon, 25 Jul 2022 00:56:30 +0000

No guts.
No glory

By: Noitall

Noitall — Mon, 25 Jul 2022 00:53:30 +0000

So when rates go up the banks make more and that’s a good thing? Pay the sellers or pay the banks. Pay the rent or pay the mortgage….There’s always 2 paths fir you to choose. Wishing ill on others will only come back to bite.

By: Noitall

Noitall — Mon, 25 Jul 2022 00:52:50 +0000

In reply to BCModerate. So when rates go up the banks make more and that's a good thing? Pay the sellers or pay the banks. Pay the rent or pay the mortgage....There's always 2 paths fir you to choose. Wishing ill on others will only come back to bite.

By: Matt

Matt — Sun, 24 Jul 2022 18:39:20 +0000

Lots of comments talking smack here. My wife and I invested in an income producing property that we bought and fixed up because traditionally, real estate has been the main driver of family generational wealth. We did not buy it because we are “greedy”. We bought it because we hope it to be a small nest egg we can pass down to our children for school, down payment, starting a business, etc. Although there are some greedy people out there, many investors are average every day, middle class workers looking to create a slightly better life for their family. Stop hating and start working towards lessening your financial burden. No one way is perfect. Obviously the guv does not want the average person to gain wealth so they will do everything in their power to raise rates and tax us. The loser cheering this on are exactly that. Losers. Losers with weak will. I am a minority and my family immigrated here for a better life. I support the average person having a shot instead of ultra wealthy people who can find tax loop holes and have access to cheap money buy up all the real estate. I guarantee not much will change if the guv lays the hammer down on the little. Slight drop in prices before it being bought up for “cheap”? This country is ran on credit. Wake up fools.

By: BCModerate

BCModerate — Sat, 23 Jul 2022 21:58:40 +0000

In reply to Brian G. Amazing rant Brian! *Fist raised in solidarity!*