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CASH IS TRASH & CMHC was Wrong!!!!! WATCH THIS VIDEO TO FIND OUT WHY!
Cash is TRASH! Why you ask? if you’re still with the belief that holding cash and keeping savings in bank deposits, GICs, and short-term notes are the path to financial freedom and building wealth, then my friend, you are truly mistaken!
In this video, you’ll hear why holding cash is actually losing you purchasing power by 2% per year AND why your house made more than YOU did last year!
PLUS the so-called experts at CMHC (Canada Mortgage and Housing Corp) in May of 2020 predicted a drop of 9-18% in housing prices (link is in the vlog but here’s an excerpt 🙂
————————————————— Housing prices will dip but recover in 2021
Our forecasts indicate that the average MLS® price will decline by 9% to 18% from its pre-COVID-19 level. Prices will begin to recover in the first half of 2021. ——————————————————
Well here’s my advice and part of it is from other sources: My friends! Buy more Real Estate because they’re NOT making any more of it and BUY & HOLD!!!!