Originally Posted by
Snoopy
Consider that entry into the retirement village 'property proxy business' now requires taking on a 'loss leader' nursing care service in tandem with it. Wouldn't you be better just buying a rental property? That way you avoid the 'loss leader' nursing attachment.
Property values depend on many things.
1/ The balance of people leaving a city offset by the number of immigrants coming in to boost the population.
2/ The income of the house owners needed to service the mortgage.
3/ The current loan to value ratio restrictions on buying property.
4/ The size of the average house on a particular section of land.
5/ The market mortgage interest rate.
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