59 Likes 7 Dislikes
I have always advocated the advantages of simply buying and holding your principal residence. Taking advantage of the principal residence exemption and enjoying the home. After all, you need shelter and owning your home certainly beats renting in a city like Vancouver. However in this unprecedented sellers market with record setting condo prices, bidding wars and ultra low inventory - buyers need to be careful. Every week on the MLS i’m seeing condo units sell at what I believe to be overpriced levels. That doesn’t mean we should throw the baby out with the bathwater. I still see units selling every week at what I feel are a good value. It’s a crazy market these days and we are overdue for a correction. That’s why today's buyers must buy right and have at least a 8-10 year holding period to outride any short term correction that will eventually come.
Thanks to all the viewers and commenters on all my videos. Unfortunately, due to the number of comments I'm getting, I don't have the time to reply to all. There are some great moderators here who think like I do (and some who have read my book). I encourage you all to continue the great conversations amongst yourselves.
Watch more in depth topics on real estate, investing and my book in these PLAYLISTS:
- HOT & Helpful Topics on Real Estate: https://www.youtube.com/watch?v=yB15NWMG_Es&index=1&t=25s&list=PLfJDYyEjdB9DWpBcmOMd7gMi9s3zlzqAe
- My Book "Along for the Ride" Videos: https://www.youtube.com/watch?v=411WvkJ6zE4&index=1&list=PLfJDYyEjdB9AH6amDEgcaHn8gDoEgw7en&t=25s
- My Investment Strategies & Tips: https://www.youtube.com/watch?v=f7O3HAlEWUU&t=7s&list=PLfJDYyEjdB9DF_cOXQPru2uOMsJDXZrd-&index=1
- Real Estate 101 Series: https://www.youtube.com/watch?v=-Dc3ssi49Fw&t=16s&index=1&list=PLfJDYyEjdB9D3GC-sBh0QoC6v04RJr-ti
Stay in touch on social:
If you want to get in touch with me, please email me at email@example.com.
Thanks for watching!
Get my new book "Along for the Ride" available at:
Direct Ph: 604.889.1118
VANCOUVER BC HOMES & CONDOS
GREATER VANCOUVER BC REAL ESTATE FOR SALE