this post was submitted on 12 Oct 2023
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I don’t know where you got the idea that profiting off of land value is some exotic and untenable investment strategy, one that requires “insane risk” and “passion”. Your example of landlords being reduced to desperate concerts is very silly.
You dismiss this as “personal opinion” without explanation, but the objective fact is that land value has gone up a lot in Canada, and real estate has tons of arbitrary tax advantages (like the Smith Maneuver). This has made real estate a remunerative investment. That’s been the consensus of the domestic and international investment community, which has poured money into Canadian real estate. This is so obvious, I’m surprised I’m having to say it!
Yes it's very remunerative. But have you stopped to consider it could be even more so? /s