I'm Upsizing - Should I Keep My Current Home as a Rental Property? - ‘The Situation’ Consumer Q&A

[@lettuceforbuns]

"people gravitate to the people who tell them what they want to hear" - that pretty much sums up society these days

[@lak1294]

Really like hearing John's personal perspective, which isn't typical realtor talk. These days, it's so much harder to buy and hold multiple properties due to their sky-high valuations. Obviously if you bought pre-Covid or earlier, you benefited from lower prices (although still overpriced compared to international markets including the US).

[@aimalbaraket411]

You are so honest wish you best of luck

Can't get enough of this show and I am not even into real estate.

[@MoisesEsquirolet]

My advice: find an investment that doesn't involve permanent damage to a huge sector of society.

[@justindeseckrealtor]

Great show as always!

[@Relaxlifeisshort2]

Your dad sounds like my dad he is 100 % correct Realestate has been good to my family If yiu can handle the worst you are good😊

[@jeffotoole4509]

Awesome advice. Thanks guys

[@rh3108]

790k for a townhouse in Thorold is wild

[@svetlanachen6686]

These people are not investors, they are gamblers. Investors know that past performance does not dictate future returns.

[@JanewDLCYBMGroup]

Haunted by an Overleveraged FOMO decision!

[@CanadianRealEstateChannel]

Great Q&A session!

[@briansmith5239]

The response to the first question should be a firm 'no' if they still have a mortgage on the property. In addition the CAP rates are poor for townhomes and especially at current interest rates.

[@ElectronicWasteland-p2x]

People should listen to Dennis O'leary's investing advice and never put more than 20% of your money into a single sector. Having 100% of your investment in Canadian real estate is a bad idea, despite the last 20 years being so lucrative. The fact a lot of Canadians are also using leverage means they have more than 100% invested in real estate, adding even more risk.

[@fatimaalzahra2644]

people buying near subway stations will expereince vibration and noise from the subway, just ask people who live near subways. It is not always good.

[@jpscali1386]

John Pasalis for PM

[@Julie-rg3mb]

A 65-year old putting themselves in a situation where they need to work 5 more years is a risky plan. The economy is in a downturn and unemployment is going up. They are one layoff or health event away from disaster.