Certain factors to consider

@ivan88 (193)
Canada
December 30, 2012 11:25pm CST
I don't know how it is in other countries, but it is the best and the most reliable investment here, in Canada. The things that play a role here are the following: the cost of the land around the house; the property tax level and growth rate; the price growth rate of a house in the market in comparison to the area of the house (whether it is a popular area or not. Some time ago, some entrepreneurs were selling cheap houses in Brampton, a local Ontario town. Turned out the whole business endeavour failed miserably. Why? Because the area was one of the most (if not the most) criminal in the province of Ontario. It's popularity was next to nothing. Therefore, those entrepreneurs who wanted to earn big money fast, failed and went almost bankrupt. So, if any one of you considers investing into a house, consider everything I have written in the first paragraph.
1 response
@ctryhnny (3463)
• United States
31 Dec 12
I have never been to Canada but I'm always hearing from people that they want to move there. My son is especially interested in moving to Canada but then he realizes he can't leave MA for some reason. I'm happy he's changed his mind because that is too far for me to visit.