cornholio, my responses were in reply to GilmoreStations request for advice. I base my advice on a vast amount of past experience but don't predict future values or future rates of interest. I highly recommend real estate purchases, be it pre-sale or re-sale as long-term investments and 40 years of data clearly illustrates long-term investments in real estate in Greater Vancouver produce solid gains.
I don't recommend flipping a pre-sale upon completion for many reasons including the fact that it doesn't fall within my long-term strategy and it's typically a terrible time to sell as many others are doing the same which means a lot of competition and the risk of a 'distress sale' comparable.
Holding a real estate asset for 5 years or more will very likely insulate you from a correction as it did for my clients in 2008.
If you want a Realtor who recommends a short time or 'flip' strategy, you're talking to the wrong guy.
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