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_ In today’ s real estate question F Paul Dreger of
the question: Which is.the best investment —a house ‘oran aparmcar?

There is no doubt that if
one has the finances:a single
family home will always be
an excellent:investment. The
general demand will always
be high. because of ‘the
limited supply of land and

a nice area are - selling
quickly ‘even now. . this is
because:of a: ‘combination’ of
lower initial cash. require-
ments and @ stronger desire
for more’ leisure’ ‘time.

Another yeason town-

homes available on the houses are good investments

North Shore. . is that they will keep pace
But because of the high . with future price increases

cost of buying a home more — rising at about 10 to 20

and more people are finding per cent a year.

it almost. impossible to

While strata arrangements
call for owners to contribute
to a general fund for building
maintenance. It is now’
‘wasted money when you
take into account the time
you save by having someone
else do the gardening, grass.
cutting, etc: that you usually
do yourself, it may even
‘work out to be a saving.

purchase and if they do, it
places too heavy a financial
burden to carry.

So for the average wage
earner today a strata town
house is actually a better |
buy.

Not only is there a lower
purchasing cos¢P but more
and more people are.
beginning to enjoy living in
smaller units that are easier
to upkeep and help free
people from onorous duties

The panel will at-

for extended leisure time. tempt to answer as
< PAUL DREGER :
Strata apartments will also many questions as
be easier to sell in the future THE PERMANENT

possible through © this

because, column, .but the

while housing

prices may accelerate _ to rintine of questions is

where they are | outside at the discretion of the

almost everyone's price .

range, apartments will still ; ry editor.

be affordable and therefore Please address all

they will be in great demand. a your real. estate
Today strata townhouses -

t t questions to Questions
” and = Answers, c/o
hon ; North ponere News,
m _ ¥139.. Lonsdale Ave.,
“, North Vancouver, B.C.

V™ 2H4.

or apartments are selling at
about one-third to one-half
the price of single dwellings. .
And while: most homes
listed for sale today are _
selling slowly, townhouses in

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