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by gonepostal
5412 days ago
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This graphic only tells part of the story and the easiest part of the story. What the rental/some of the economic fundamentals are right now. When deciding to purchase for investment and to a lesser degree a personal residence, the decision to purchase or not should be driven by the future not the present. I am more then willing to invest in any city on that chart if I know some or better, all of these:
- population is increasing
- employment is increasing
- income is increasing
- the neighbourhoods I'm buying show pride of ownership
- public transit improvements (highway, LRT, subway)
- supportive government (proactive business development office) Though this infographic is very cool/informative, buyers should concentrate more on the future then the present. Just because it's cheap isn't sufficient reason to purchase. And if you want to live in an area with a negative outlook renting IMO is best. |
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