Ozzie Jurock (local real estate investment educator) recently wrote a piece featured in the Vancouver Sun (”Why I will always buy real estate“). It’s an interesting read, and worth considering in light of our “rebalancing” market.
You can read the article for yourself right here, but here are a couple of expercpts for you:
If you place a good portion of your assets into real estate today, you won’t have to worry about tomorrow. It doesn’t matter how wild or turbulent the economy or the marketplace. It’s like riding a horse with one spur – if half the horse goes, the other half has to go along with it. No matter how deep or tempestuous the water, you’re going to be floating on top of it.
Home ownership (the most common form of real estate holding) has been the single largest factor in the accumulation of wealth for the average North American, firstly because of straight appreciation due to inflation, secondly, due to the leverage involved and thirdly real estate has a use and therefore always a value.
Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside
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