Saturday, November 8, 2008
Cap Rate and Silver are Important in Buying a Home
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.