- Joined
- Aug 27, 2008
- Messages
- 94
I was speaking with a older gentleman today and he mentioned like most people are these days to stay away from real estate for a while. He even compared his house falling 30% during the early 90`s and taking 12 years to come back to prior levels.
My point was that yes, times might be challenging but using REIN`s methods to purchase you can find opportunities where others are not looking. That being said it does make me ask the question what could happen to for example Multi residential buildings in Ontario, could they go down by 30% or are they valued differently?
Does anyone have any stats on Multi Res property prices and how they have performed during down periods? i would assume that they would perform better then single family homes but I just don`t know.
My point was that yes, times might be challenging but using REIN`s methods to purchase you can find opportunities where others are not looking. That being said it does make me ask the question what could happen to for example Multi residential buildings in Ontario, could they go down by 30% or are they valued differently?
Does anyone have any stats on Multi Res property prices and how they have performed during down periods? i would assume that they would perform better then single family homes but I just don`t know.