pre-construction condos are only bought in 2014 by four groups of people
DESCRIPTION
Let me sum this up in two words: buy resale Pre-construction condos are only bought in 2014 by four groups of people: 1) Overseas investors who are using Canadian real estate as a piggy-bank, rather than put their money in their communist banks, and who have no problem leaving the condo empty, and losing money. 2) Young people who are duped by unscrupulous agents who chase 6% commissions. 3) So-called “investors” who are about eight-years too late to the party. 4) Actual “users,” who intend to move into the condo in two, three, four, or five years, whenever it’s ready, who own and live in a home today, and represent the only type of pre-construction condo-buyer who likely won’t be greatly affected by all that plagues the industry today.TRANSCRIPT
Actual “users,” who intend to move into the condo in two, three, four, or five years, whenever it’s ready, who own and live in a home today, and
represent the only type of pre-construction condo-buyer who likely won’t be greatly affected by all that
plagues the industry today.
Pre-construction condos are only bought in 2014 by four groups of
people:Overseas investors who are using Canadian real estate as a piggy-bank, rather than put their money in their communist banks, and
who have no problem leaving the condo empty, and losing money.
Young people who are duped by unscrupulous agents who chase
6% commissions.
So-called “investors” who are about eight-years too late to the
party.
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