April 2008 Update: Nanaimo BC

So what does it all mean Mike! Do I sell the Lang property and buy 2 more with the profits, or hold off, wait until things peak completely (If they ever do) then make out like a bandit with an underpriced (timely of course) sale right before it all falls back down to earth.

Morgan as we all know or most of us anyway. Holding as much real estate over time is the best investment there is. The market of course changes over time and so the recommendation by me is to buy more and keep what you have if at all possible. If more cash is needed to do so then the best suggestion is to take out some equity from your current real estate holdings and use that to purchase more. Always keeping in mind to not over extend your financial abilities. The market is always and ever changing as for selling at the peak well that is of course the best time and of course buying at the bottom of a market is as well the best timing. But how do we know when that is? The only way to be sure is of course to watch all the signs and as it starts to happen you will see it taking place. You may not be the first to sell or buy but as long as you catch the fall or rise in a market within a few months of it happening you will be a winner in doing so. Back to my first statement which is keep as much as you can as even when the market takes a drop it will most likely never go back to the lower prices of yesteryear and as we have experienced through the history of real estate holding long term is always a winner in the end. Many of the wealthiest people in the world have made their fortunes in Real Estate. So the time to sell is perhaps never!!! If at all possible.