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Sprawling Cities? Bad News for Most: Good News for Investors
Best-selling Canadian author Mark Loeffler discusses how property investors who do their homework can thrive in major cities with urban sprawl.
TORONTO, ON, September 30, 2010 /Books PR News/ -- Just about every day, especially in major cities, people wake up to find things are more expensive and further away.
The highway's been delayed until 2015.
The new transit line is bogged down in city council fights.
No one wants to pay for the new bridge downtown.
The schools are overcrowded; nobody wants their kid in a portable
Traffic gets worse every year
According to local expert Mark Loeffler, whose most recent book is a Canadian bestseller, not all of this is bad news.
"Cities grow because people want to live there. You never hear any stories about high prices in Nunavut, because not everyone wants it to be -55 when the sun sets at 1 pm. Prices are high in Toronto, Montreal & Vancouver because they're gorgeous livable cities where people are free to do what they want."
"And it's in these cities where sharp eyed investors who do their homework can thrive. Neighbourhoods near good roads or quick mass transit go up in value when cities sprawl. Take the new Canada Line in Vancouver. It was hell during construction--you couldn't give away houses on Cambie St or anywhere near the noise or mess. But good investors bought up properties in the area & are now thriving, since now EVERYONE wants to be on the Canada Line--you're 10 minutes from downtown, 15 minutes from the airport."
"There are deals like that everywhere: you just have to work than anyone else."
Mark's new book, Investing In Rent-To-Own Property, is already #1 in several categories and is available at bookstores everywhere. For more information visit: http://www.theversatileinvestor.com/
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rachel@gal-fridaypublicity.com
604-931-7099
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