In what other business are you "guaranteed" more profits?

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cleacy
Posts: 200
Joined: July 12th, 2010, 10:44 pm

Re: In what other business are you "guaranteed" more profits

#61 Unread post by cleacy » September 18th, 2014, 8:31 pm

Greattenant wrote:With all the new rental condos advertised on Kijiji and Craigs there must be some sweet profits or people wouldn't invest in them.
Those aren't landlords. Those are gamblers putting money in real estate instead of the stock market with the hope/belief that the property price will increase and provide a better rate of return then the stock market. They're likely hoping for rental income to defray the carrying cost of the property until they do sell, with little knowledge of what they're getting themselves into.

JanetS
Posts: 3375
Joined: July 18th, 2010, 11:00 pm

Re: In what other business are you "guaranteed" more profits

#62 Unread post by JanetS » September 19th, 2014, 10:15 am

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