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219
Peter P
2005 Sep 22, 10:37am
Peter P
2005 Sep 22, 10:37am
Condos look pretty toppy just now, but the general market looks surprisingly firm–might be different tomorrow.
What is the P/E ratio for a 2/2 semi-prime condo up there?
220
Peter P
2005 Sep 22, 11:18am
Peter P
2005 Sep 22, 11:18am
Peter P–I just looked– $450000 is a more reasonable estimate, some a bit cheaper. Rent is as low as 1175 per month, and up to abt 1700 for similar.
P/E is very high indeed.
221
Peter P
2005 Sep 23, 4:55am
Peter P
2005 Sep 23, 4:55am
Van Kouver, my wife just showed me a price list of some condos in Mariner (?), a 2B+Den is asking for about 1M Canadian. This is madness!
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Per: Owneroccupier in his/her own words
I would suggest opening a new thread where we can collectively think about how this RE bubble will end. We can toss around a few scenarios, and devise plans accordingly about how we can
1) protect our asset/money/portfolio
2) minimize our contribution in whichever legal way in the bail-out effort following the burst
3) and best of all, take advantage of the bubble burst.
It is better than just griping to no end. Let’s take some more constructive steps to build a fortune during the downtime. I am sure even during the 1929 Depression, some people benefit from it. It just depends on how you set yourself up to be among the few.
#bubbles