Re:Chinese Buy One-Third of Vancouver Homes: National Bank E...
by trevelyan on Thursday March 24, 2016 @06:03AM
(#11351647)
Renting isn't a short because you don't profit when the market goes down. And you are still out rent.
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Re:Chinese Buy One-Third of Vancouver Homes: National Bank E...
by mahyarm on Thursday March 24, 2016 @02:50PM
(#11355320)
It isn't but it is a hedge. You put that down payment in some other asset class (stocks?), pay about half of what a mortgage would be currently and then profit when the RE asset bubble pops and buy when it's cheaper. And while your waiting the stocks themselves will probably have a gain of some sort.
Re:Chinese Buy One-Third of Vancouver Homes: National Bank E...
by kazinator on Thursday March 24, 2016 @11:36AM
(#11353631)
The correct stock/equity analogy of renting is that you don't own shares of XYZ; you do volunteer work for XYZ. You pay XYZ regular dividends instead of the other way around, you maintain the equipment of XYZ and so on.