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If you don't know what you're doing, stay away from buying real estate, at least for the purposes of turning a profit.
More for me. :D
My family has done quite well in the Winnipeg market, since we all bought when the market was low. All our houses are worth 3 to as much as 7 times their original worth. I paid $70K for my rental house, it's now worth in the 150-200k range. My parents bought their house back in the 60's for less than $20k, similar homes in their area are now selling for over $250k.
I guess it's all a matter of perspective. :D
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