tjvikings wrote:
Homes bought a couple years ago were good investments from a cash flow perspective. If you are investing hoping for appreciation only and not cash flow be careful.....
Quote:
Said almost everyone a few years back as well...
Quote:
I agree, I see another 30-40% increase year over year in Milton. That's why if you buy one property at 1M next time this year will be 1.3-1.4m. Rental at 2k a month is meaningless, what is 30-40k expense when you're making 300-400k end of year. Mattamy should be releasing more supply to market so more people can take advantage before prices get too high
Quote:
This is the difference between true investors and speculators. Expecting that type of return based on a hunch when all experts are calling for a modest increase us pure speculation. Investors uses true numbers.
Everyone has their own way of doing things. Best of luck to you.
I wish you the best as well but we all know two things:
price difference from 30' to 36' to 43' has almost doubled. from 70-80k to 130-160k.
If mattamy can raise such prices and demand is there, trend will continue. Only problem is how many we can buy at a time, this is why it's like a gold mine with limited minerals. How can you access more, if the supply has shortage? My opinion is buy as many as you can get, while you can!!!