Wednesday, November 12, 2008
Saturday, November 8, 2008
I am thinking about creating a website that ranks the house and condo price in dollars compares to CAP Rate, Gold, Silver, Oil, and a index of some type. The time to buy is when housing undervalued and nobody wants to own it. We are not close the time to start buying real estate unless it has positive cashflow but CAP rate is over 10%. The GTA is still overvalued and people think the house is still worth more than they bought it.
Friday, November 7, 2008
Everyday on the main stream business media calls the bottoms in stocks and real estate everyday. The real bottom and value ratio is when one share of DOW equals one ounce of GOLD. It happened in 1980!!! Right now it's at about 11 onces.