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11-02-2012, 10:53 AM
  #88
Mike8
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Join Date: Jun 2002
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Quote:
Originally Posted by LyricalLyricist View Post
Serious question.

With all the condos being built isn't this not as optimal an investment as it would be owning one in the present time?

Also, people bring up baby boomers and all that. My parents are baby boomers, my dad is 67 years old. Not for anything but in 10 years he might not even be around anymore(knock on wood) and people are talking like they will be desperately seeking out condos are driving the price up. I kind of feel entirely different, I kind of feel when this large group of individuals gets older and starts passing away many houses will be up for sale and much of the population may decline. I don't see how this drives the demand for condos up. The supply will continue to grow but demand won't.
Immigration and foreign investors are the primary drivers for the real estate market.

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