Comments on: No Olympic Gold For Vancouver Real Estate Investors http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: admin http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/comment-page-1/#comment-8947 admin Sat, 12 Apr 2008 17:17:42 +0000 http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/#comment-8947 FJ- no problems. Thanks for the great contribution! FJ- no problems. Thanks for the great contribution!

]]> By: FinancialJungle http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/comment-page-1/#comment-8930 FinancialJungle Sat, 12 Apr 2008 01:05:04 +0000 http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/#comment-8930 Pitz - you're probably right about the costs being underestimated, but that's okay. Lest people accusing me of exaggeration, I try to be conservative with my numbers. Interestingly there were 3 open houses in my building today. ThickenMyWallet, if you don't mind, I like to repost a variation of this article on my blog sometime in the next 2 weeks. I'll reference your blog, of course. Pitz – you’re probably right about the costs being underestimated, but that’s okay. Lest people accusing me of exaggeration, I try to be conservative with my numbers.

Interestingly there were 3 open houses in my building today.

ThickenMyWallet, if you don’t mind, I like to repost a variation of this article on my blog sometime in the next 2 weeks. I’ll reference your blog, of course.

]]> By: pitz http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/comment-page-1/#comment-8922 pitz Fri, 11 Apr 2008 20:54:40 +0000 http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/#comment-8922 ...true long-term <b>loans</b> that cannot be called... …true long-term loans that cannot be called…

]]> By: pitz http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/comment-page-1/#comment-8921 pitz Fri, 11 Apr 2008 20:52:13 +0000 http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/#comment-8921 $2640 is seriously understating the long-term cost of maintaining a typical condo development, IMHO, and even then, $2640 would be mostly comprised of operating expenses. So the earning yield is likely far worse than even your simple math implies. 5-year financing is pretty risky too. At least in the bubbly US markets, they have true long-term that cannot be called except in the instance of default. Getting a margin call every 5 years against an overpriced Canadian property can be extremely risky. $2640 is seriously understating the long-term cost of maintaining a typical condo development, IMHO, and even then, $2640 would be mostly comprised of operating expenses.

So the earning yield is likely far worse than even your simple math implies.

5-year financing is pretty risky too. At least in the bubbly US markets, they have true long-term that cannot be called except in the instance of default. Getting a margin call every 5 years against an overpriced Canadian property can be extremely risky.

]]> By: moneygardener http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/comment-page-1/#comment-8881 moneygardener Thu, 10 Apr 2008 01:26:46 +0000 http://www.thickenmywallet.com/blog/wp/2008/04/09/no-olympic-gold-for-vancouver-real-estate-investors/#comment-8881 Interesting post, and good insight. Interesting post, and good insight.

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