Quote:
Originally Posted by Unregistered_101
Hrmm my residence is fully paid for, investment properties 50% borrowed on asset value. They generate rental income so not too concern on paying them up, my war chest has enough to pay off all the loans but don't see a point really since that will leave me little to reinvest when the market goes down.
Debt has to be balance with income, there is good debt and bad debt so long as its not the latter its all good.
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Be prepared for your condo to be empty for a long time. Ghost condo. Ghosts staying in your empty condo.
Big downside economic risk due to the massive oversupply.