Quote:
Originally Posted by Tapioca
The financial analysis that people are doing here is not typically done by people who purchase investment condos.
The mentality is often rooted in the stock market = bad and real estate = safe. The typical real estate investor in this market is willing to take a loss because the equity makes up for it in their minds. And that real estate is far easier to leverage for more real estate and assets than stocks are.
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100p
I grew up with a bunch of viet people, almost all first gen Canadians with their parents coming here. The parents unanimously see the stock market as a fools game and want tangible assets
Many ended up buying condos in Calgary and Edmonton and took huge losses on them lol, but at least it’s an actual thing! Lol