Quote:
Originally Posted by GigoloMason
He's taking making (simple numbers) a 100k investment when he doesn't actually HAVE 100k. That's great if the house appreciates ahead of his additional expenses as he generates a return on money he 'doesn't have'...
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That's the key point most people in this thread ignore. Deposit, Cashdown, Initial Investment... that's the only reference that should be used. Leverage is done by the bank.
I don't see the real estate market going anywhere but UP... except in USA and some high class place in Canada. Would I buy a condo in Florida? Hell NO!