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INVESTS Tey stati are wil
der their sage read estate adic

From where did veru ebtain the exper
chee and knowledgeable advice thar tonn
vour decision to not a. quae aw
mvestment property?) Perbaps iis time be
sist that decmon,

B Required Down Payments
Are Too High.

Only af you want to pay them. As E stated
Ina past column you can acquire many prop:
erties tor avery modest and in some cases nO
cash down payment at all. Believe tt cannot
be done? You're right... vou can’t... vet
other people are doing it.
® The Real Estate Market [s Too Volatile.

Yes, real estate prices are cyclical. Yer the
only times a drop in: market value of a prop:
erty can affect you would be ifyou need to
sell or refinance when the market is in
decline. With proper investment stewardship
this can be avoided. Yes, real estate is cvelicat,
unlike the stock, nvutual fund and bond mar-
kets, right?
® Fear Of Losing.

Here it is, the great Canadian malaise.
Fear.

I’ve been privileged to teach ail over
North America and Pve discove. one huge,
distinctly Canadian trait. Spell out a way an
American can safely build wealth and they are
all cars and smiles. They think “opportunity.”

Sav the same thing toa Canadian and just
wateh the body language —-arms cross, legs
cross, face scowls and head bows, Canadians,

ped fy
RUC) ees
tovadts

Mianbe we deserve dt Weare aperiets and
wecatten hl te ger pavaned or sp up We
ONeT sce na pornh in prope. SEP LOS
down and view the world through skeptical
eves and a suspicious mature Fearcipwe det at,
ae paralvec usta) mghtmarish fature
Rusk ws a partot hte

The pomt os, we must accept thar risk
evises and through education learn to deal
with it and win despite the risky involve
The greatest way te reduce of chimmate tear
{nskjos to go through it with your eves open
and a prudent plan in hand. Thats the only
wav we humans have ever conquered
tear / risk.

Our future is coming and we all have to
live there. What that future will be tn terms
of our personal financial secunty and our
society asa whole depends entirely on the
actions we take tod

In the words of Elbert Hubbard, “The
greatest mistake we can make in tite ts fearing
thar we will make one.”

Life is about ask and our future as buslt
upon the mks we successfully undertake
today.

Build veur future based an know led,
not hearsay and myths. Or course, the kev as
in knowing the difference. wt?

— Michael Dowes ts a realtor specializing
in teaching, cousclianion and coacdanun. He can
be reached at 925-0453

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