The recession will end one day.
The real question is: Will you take advantage of what was learned from previous recessions?
What if:During the recession opportunity from 1983 to 1986 you had purchased an income property at the then average price of $75,000?
You would be better off today!
Or what if:During the recession opportunity from 1994 to 1997 you had purchased an income property at the then average price of $175,000?
You would be better off today!
Which one of these scenarios don't you want?
1. You would now own a property worth $476,000 which you have lived in and enjoyed for years.
2. You would now own a rental property worth $476,000 that your tenants paid for.
Now the "Nay-Sayers" will say:“But your $476,000 property might drop by 10% to $428,000 or horrors 20% to $381,000”. So What!
That is still a huge gain. You would be better off today!
They will also say:“It won’t happen again”.
That’s what they said in 1986 and 1997. The nay-sayers didn’t buy then either.Look at the Attached graph of the average residential Real Estate prices in the Central Okanagan from 1983 to 2008 (compiled from Okanagan Mainland Real Es
tate Board average sale stats).
To me it says:
1. You should have bought in the 1983 to 1986 recession opportunitywhen the average price was $75,000. But the nay-sayers said "Nay Nay!"
2. You should have bought in the 1993 to 1997 recession opportunity when the average price was $175,000, but the nay-sayers said "Nay nay!"
3. You should buy now in the 2008-2012 recession opportunity when the average price is $476,000. Let them nay, Do it anyway!
A good plan: would be to buy some Real Estate in the next 4 years.
A great plan: would be to buy some Real Estate in each of the next 4 years.
You will be better off tomorrow!
“The secret to success in life is to be ready for the opportunity when it comes”.
That time is now!*
Interest rates are low.Vacancy rates are low.Rents are high.There is a good selection of properties for sale.
*Prices are lowest from December to February when the snow flies on the Coquihalla Highway and Rogers Pass because 28% of buyers are from Alberta and 20% from Vancouver.
They don’t like to drive in the snow.
You should buy in the snow!
Bert Chapman
Office: 6-3185 Via Centrale,
Kelowna, B.C, V1V 2A7
Phone: (250) 765-0570
TollFree: 1-866-765-0579
Fax: (250) 765-0577
Email: bert@pcrealty.ca
Website: http://www.premiercanadianproperties.ca/
The real question is: Will you take advantage of what was learned from previous recessions?
What if:During the recession opportunity from 1983 to 1986 you had purchased an income property at the then average price of $75,000?
You would be better off today!
Or what if:During the recession opportunity from 1994 to 1997 you had purchased an income property at the then average price of $175,000?
You would be better off today!
Which one of these scenarios don't you want?
1. You would now own a property worth $476,000 which you have lived in and enjoyed for years.
2. You would now own a rental property worth $476,000 that your tenants paid for.
Now the "Nay-Sayers" will say:“But your $476,000 property might drop by 10% to $428,000 or horrors 20% to $381,000”. So What!
That is still a huge gain. You would be better off today!
They will also say:“It won’t happen again”.
That’s what they said in 1986 and 1997. The nay-sayers didn’t buy then either.Look at the Attached graph of the average residential Real Estate prices in the Central Okanagan from 1983 to 2008 (compiled from Okanagan Mainland Real Es
tate Board average sale stats).To me it says:
1. You should have bought in the 1983 to 1986 recession opportunitywhen the average price was $75,000. But the nay-sayers said "Nay Nay!"
2. You should have bought in the 1993 to 1997 recession opportunity when the average price was $175,000, but the nay-sayers said "Nay nay!"
3. You should buy now in the 2008-2012 recession opportunity when the average price is $476,000. Let them nay, Do it anyway!
A good plan: would be to buy some Real Estate in the next 4 years.
A great plan: would be to buy some Real Estate in each of the next 4 years.
You will be better off tomorrow!
“The secret to success in life is to be ready for the opportunity when it comes”.
That time is now!*
Interest rates are low.Vacancy rates are low.Rents are high.There is a good selection of properties for sale.
*Prices are lowest from December to February when the snow flies on the Coquihalla Highway and Rogers Pass because 28% of buyers are from Alberta and 20% from Vancouver.
They don’t like to drive in the snow.
You should buy in the snow!
Bert Chapman
Office: 6-3185 Via Centrale,
Kelowna, B.C, V1V 2A7
Phone: (250) 765-0570
TollFree: 1-866-765-0579
Fax: (250) 765-0577
Email: bert@pcrealty.ca
Website: http://www.premiercanadianproperties.ca/
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