QUOTE (Rickson9 @ Feb 14 2010, 12:45 PM) As an investor I always pray for asset prices to collapse. My wife and I have always done well buying during asset meltdowns - since we`re not as sophisticated, it`s the easiest way for us to build wealth.
Having said that, I want to add that although I don`t know what triggers the implosion of a bubble; I have noticed that it is usually something that nobody saw coming.
In my opinion (I can only speak for myself), predicting the future is a waste of my time. I would rather play video games.
I don`t because my properties go in value down as well. This could get nasty when mortgage renewal and refinancing comes to mind. Just buy when the price is right with positive cashflow. How many times can you go wrong with market timing before you go bankrupt?
I am still amazed about the number of investors who feel they can do market timing. It seems like Don and many others are just talking to a concrete wall. REIN`s strategy is mostly buy and hold. Have flippers not lost enough money, should your`s be added?
As for bubbles, it really depends where you are in Canada. I think Calgary is still somewhat depressed regardless of the cheery news paper articles.