pr operty
it ines

Real Estate is a high
risk invesument. Right?

Manv investors tend to

Jink investments in real estate

with unacceptable risk. Yer
over the past 40 years real
estate has proven to be one
of the satest dong term
investments one can make.
fn attaching “high risk”

to real estate, mvestors arc
misunderstanding one of the
fundamerital axioms of
investing, uamedly differenti-
ating berween ar invesrment
Versus a speculative venture,
A tendency that severely
inhibits many investors is
their inclination towards
short term thinking.

The need for instant grat-

_ ification has been heartily
embraced over the past few
decades.

Thus, the very idea of set-
‘ting objectives that will not
be realized for 15 or more
years is forcign to our
thought process.

Paossibdiy, unlike any other
type of invest one, real
estate can cleariy be speciila-
tive or an investment ven-
iure. Speculation, by its very
definition is, Sbity g ar selt-
ing in expectation of profit-
ing trom market fluctua-
tions.”

From this generates the

“Buy Low — Scli High”
mentality, a strategy “hat is as
much riddied with risk as it
ofters in possible reward.

Virtually, all reports we
hear about investor losses
havalve real estate vertices
based upon this notion of

the qaick (three-tive year)
prohr, Le. reel estate spee
tion, Real estate speculation
has long, Ocesn the mantra of
late night TV evangelists
who, accompanied with their
companion beoks, ape pro
§F Pats and SCHUNars, premote
this get rich guick approach.

They iniss te very heart
hehiad the “real” wealth
building power of real estate
investments

Consider this. Can you
name just Nwo favestracnrs
that carn be acquired where
you have: a) total control,
ibja lender who will foan
you up to 85% of the
chase price. (co) another party
voluntezring, re pav the
monthly financing costs,
(d) you one reap all the
forure rew ards the invesr-
ment wii produc

Real estate is the only

vestment | know that

all these advantages.

Yecin order to pradtice its
fuil petesiial a real estate
investment requires time:
time to pay down the mort-
gage and time to allow the
property to slowly appreciate
in value.

But time is a commodity
iew investors are willing to
spend. They want thei

and

rewards now. In real estate, if

you wane immediate rewards
you must be wilting co
accept very high Jevels of
risk.

In chasing short term
speculotive prestits, besides
the high risk, there are also
cxorbrant levels of taxation.

Additionally, speculators
miss out on the very lucra-
tive compounding after that
time will have on the valuc
and furure cash flow of their
property.

When looking through
the eyes of long term owner-
ship of investment real estate
(even if the property has not
exceeded the rate of infla-
don} atthe end of 20 years

you will own A property that
is Ly tree and clear of debt
(2) produces a considerable
monthly net income, (33 will
offer a degree of taxation
relief and (A) will prowie
valuable equity veu can tien
co for emergency or special
foan reyqairements. fr can
also provide additional Risk is ahwa

trate
Ing power of an inves

in real estaie. This power
reosuited ina comfortably
reliremeat become tor
thousands of Cana
date.

These four benefits iffus-
the true wealth build:

tens of
diaps to

San invest:

selected”
ty remains relate

mvc stneag Praper-

“risk-

imvenmenr
decisions Pon misintor:
mation,

Also. ke aware thar too
caunious an investment
approach mey result it noc
having the iawome you will

lent

years age, and stili owned it
today, would you feel 2

greater degree of financial

Most of us we

Afichael Dontey es a West
Viticrsever realtar wita sas
specialised in Hives a real
estris for 28 wars, Lack fer his
cola weekly ta ibs Homes
seciian of ihe North Saore
News,

monthly income by forming oo ment cuncern. Yer an invest-
the basis of au income annu- ment, in whar f term, “werk

need in vour “golden”
ifyeu hac

years.
acquired an
pent property 20

i Vogue fashions

NEWS photo Terry Peters.

CLIFF Armstrong, marketing and sales manager for
Vogue, a new development on West 3rd Street, points
out the buiiding’s multi-layered approach to keeping the
water out.

| new ‘Rain Guard’

Deana Lancaster
News Reporter dcana@nsnews.com

THESE days buying a condo seems a risky
venture. Will ic leak? Will it keep the water

our?

Bavers at Vogue can breathe a hitrle casier.

Tmasco Minerals Inc, the largest supplier of stucco in
Western Canada, has chosen the new North Vancouver
development on which to prove the watcraghiness of its
product.

“Of ail the bui! ‘dings iu the Lower Sisiniand, this is the
ealy one which will come with a 10-vear building envelope

; i Annstzong, marketing and

aver for Vogue. The warranty is milly caasferrable

buyers aid i's in addinon co the Five Yesr New
Home Warranty.

Imasco decided on Vogue, based on the wack record of its
developer Marcon, as the building ir would lay its reparation
on the tine with — by pioneering 3 new wail protection sys-
rem caked “Rain Guard” and baching (up with the gaaran-
Wwe.

Ios a drainage system designed with multiple layers of

ed weather barrier. and a 4" drainage cavity thai allows
moisture to drata out ef che wall.

The waterproofing technofogy is added peace-of-mind tor
buvers of the 40 homes ar Vout. Marcoa’s high standards
lor its construction atready included resilient sound. bars
between parc walls and ceiferes, double lavers of drywall and
insulated cast yor plumbing pipes for extra soundproofing.

The buildurg is in the heart of Lower Lonulale, steps
trom Tonsdale Quay, cates, restaurants, potbs, shops and
nyore, Visit the presentaiien centre at P24 West Third Sweet,
open every dav exceet Friday from 1 re 6 p.m. Or cali 623-
7215 tor more information.

Feature Listing |

AT A GLANCE...

NONE TOU UD a rer erate ore renner sea eereeneese rene

ADDRESS: 5452 West Vista Cr.

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LOT Sizé: 7128 SQ FT.

Bede eer e ere e ence eame ate enar eens ates eevee

INTERIOR SIZE: 2785 SQ. FY.

NUMBER OF BEDROOMS: 4

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NUMBER UF FLOORS: 3

Pee ee ee eee eee eee ee eee eee eee errr es

ASKING PRICE: $739,000

OPEN HOUSE: Saturday 2-4) Sunday 1-3

eannece WO erm ewe tu ate seneaaseearasr

LISTING AGENT: Jasan Sopravict, Gi 2911

POTD reed ams cerstavene vee nersoree

SPECIAL FEATURES: Ocean views, private, 3
full levels.

The excellence
privileged faw who share an exclusive cul-de-sac setting
with spactacular osean views and @ naturally wooded
enclave. With four bedrooms and three pathroams, this
luxurious hama was built with a growing family in pind.
Excompassing epprex. 2,600 sa.

i. of buautifuliy appainied

interior snece,
mcliaes a formal lvingroam and
diningraom, gourmat kitchen ard
adjacont family roum, spaciors
dea, maple }
accents,
on three fully finished ievels.
propeny offers private sundecks,
level play yard and @ gorgeous
sunset view tu Bawen Ista.

452 Vest Vista Crt.

than ~S

The perfect point of view!

of West Vista Court is availabia to only a

this borne

fouring, gramie
and large rec. roam, all
The

Jason Soprovich

Prudential Sussex
Realty-Jagon .

Soprovich