Quote:
Originally Posted by Buckhead
Same issue. No one really needs a million dollar house. If someone else made a poor investment choice that is their problem. Why would I go around asking people how to lose money. It doesn’t take much logic to figure out if you buy a house for $1.5 million you probably won’t find a bigger sucker to pay you $3 million. That is called speculation that’s not investing. Some people don’t know how to recognize the difference.
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Lots of guys in Vancouver dropped $1.5 on houses that were $2.5 3 years later. They thought they were smart as hell, but things can go the other way as well. I'm betting there are a few that dropped some serious coin on homes up in Fort Mac that they wish they could get rid of.