Whether it is worth the price with today crazy RE market, it is hard to say. But lot of people have been holding on not to buy in the last 10 years and hoping for the market correction. To them, they sure want to find the justification for themselves why they didn't buytraderjay wrote: ↑Thanks again for your warning and concern and you crack me up. I don't get it why you are overly obsessed with my 8X leverage and believes so strongly that I am still levered up 8X since it has been over a year since I moved. Do you know that as you keep paying down your mortgage, the leverage goes down significantly? Maybe basic financial math is outside of your realm and it is something you need to brush up.
Oh the best part is, in order for my mortgage to be under water, there needs to be a 70%+ drop in RE price and if that happens, you and I have much bigger things to worry about. The difference is, I will have plenty of ways and instruments and hedges to minimize my downside and still have a very nice roof on top of my head while you can keep engage in your keyboard war
With 100k+ immigrants coming to Toronto EVERY YEAR, significant price drop is very unlikely to happen.