At what price points do some home-owners cash out because the money becomes too attractive, too life-changing, to ignore? -vreaa
This from comments by robercarter at CBC.ca 24 Feb 2010 11:00 pm and 11:08 pm -
“I just sold a $1Million+ home in Vancouver through ReMax and yes…the listings were minimal which was good for me. I doubt that this trend will continue but if it does….good luck everybody. I wouldn’t buy a house in Vancouver right now if I had a hundred million dollars. Far better places to invest right now. If you want to live in Vancouver, rent. I’ve heard time and time again that your house is your home, not an investment. This is surely warm & fuzzy but completely stupid. Your home (house) is the most expensive purchase of your lives. If its value goes through the roof it only makes sense to sell. Move farther out and smaller and do it again. Do this twice and you can retire. We did. Just take the emotion out of your home (house) and you can make more than almost any other investment. Just a thought…”
