Early this summer I re-invested some US Money in mutual funds, canadian & a bit in precious metals south american fund and it's doing well. My financial advisor spend over 2 hours with me and I'm pretty happy for now.
My friend on the other hand bought some stocks and she has lost 2 g's already.
A House hardly will decrease its value if it's a secon house you can use it as a rental unit and the renters pay for it and the equity get's bigger as time pass by.
-- Edited by God at 11:37, 2008-11-06
The rental market is not what is used to be. It's not that easy to buy a property and have it rented, just like that anymore. So many people have bought their own home that there's not so much demand any more. In the past one would have a hard time finding a good/nice place for rent in TO. Now they are everywhere. Not to mention that real estate is so overpriced, that with what you could charge in rent, you'd barely make the mortgage payment (you actually wouldn't even make the mortgage payment)
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I think -only based on common sense- that once stocks settle a bit (I say a couple of months), it wouldn't be a bad idea to buy, and you can get in with whatever you can afford. Real estate is obviously not a bad choice (however, I don't think they've hit bottom. I think it will be even better to buy by next fall) but you have to have a significant amount of money to get in, ,OR be able to qualify for a large mortgage and get in with little down, which I think -if you have no back up- might be a bit risky
X~ Welcome back!
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The opinions expressed by this poster should always be considered offensive to Guadalupipi.
A House hardly will decrease its value if it's a secon house you can use it as a rental unit and the renters pay for it and the equity get's bigger as time pass by.
