- Joined
- Sep 18, 2007
- Messages
- 297
Hey Fellow REIN Investors,
I heard Russell Westcott mention this at a recent REIN workshop and it struck a cord within me.
How would have this impacted your life today?
In 1986 ` 25 years ago ` The average price in Toronto was $138,000. In 2011 ` The average price in Toronto was $460,000. That`s an increase of $322,000!!! Or 233% Increase in 25 years OR 4.95% per year approximately.
Someone had to pay that mortgage right? IF YOU RENTED IT OUT`the tenants would have paid for that mortgage. Today, your parents would have had a $460,000 property ` FREE AND CLEAR of any mortgage.
SO AGAIN I ASK YOU`what if your parents bought 1 more property 25 years ago? How would have this impacted your life today? If you see value in this`then I ask you one more question:
If you buy 1 more property today at $460,000`How will this impact your family in 25 years from now?
I did a video blog on this topic: Looking At Past House Values
I heard Russell Westcott mention this at a recent REIN workshop and it struck a cord within me.
How would have this impacted your life today?
In 1986 ` 25 years ago ` The average price in Toronto was $138,000. In 2011 ` The average price in Toronto was $460,000. That`s an increase of $322,000!!! Or 233% Increase in 25 years OR 4.95% per year approximately.
Someone had to pay that mortgage right? IF YOU RENTED IT OUT`the tenants would have paid for that mortgage. Today, your parents would have had a $460,000 property ` FREE AND CLEAR of any mortgage.
SO AGAIN I ASK YOU`what if your parents bought 1 more property 25 years ago? How would have this impacted your life today? If you see value in this`then I ask you one more question:
If you buy 1 more property today at $460,000`How will this impact your family in 25 years from now?
I did a video blog on this topic: Looking At Past House Values