OT: Buying Stock

[Mr Chris Aitken]

ted leslie wrote:

>On Fri, 15 Feb 2008 20:08:55 -0500
>Stephen <stephen-d-bJEeYj9oJeDQT0dZR+AlfA at public.gmane.org> wrote:
>
>  
>
<snip>

>>The market is down, and you are, I assume, young, so buying stocks makes 
>>sense.
>>    
>>
>
>The market is down? you got a stock market crystal ball? you wanna sell it?
>There are some that say its about to tank.
>
>I'd say, if you havn't bought a home,
>use your first time home buyers RRSP contrib. allowance,
>  
>
What is that?

>by a property after the home market crashes in 4-8 months,
>by a condo in BLue mountain or somewhere and rent it out,
>or just by a condo somewhere and live in it (assuming you don't own already).
>Get your ass into at least a primary residence first, worry about stock later.
>Your appreciating home is tax free, and you can't get better loan rates then a mortgage.
>  
>
I own (and live in) a triplex.

>(house market crashing prediction isn't fact, just a "hunch",
>I am selling my home right now, and RA's are seeing it soften large now,
>  
>
"RA's"?

>I am hoping to bail into a apartment for 1 year and hopefully watch a
>major collapse from the sidelines, then come in later, but who knows.)
>
>If you can move to Windsor ... wow, they are in a depression there,
>you can buy stuff for half of what it was selling for 2 years ago,
>you can buy a house and lot for less then it cost to build the house
>2 years ago, its nuts, because Detroit has collapsed, and took Windsor with it.
>But then you gotta want to live in Windsor :(
>
>-tl
>
<snip>
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