Hello Everyone Who Invests in Hamilton Real Estate!!
Remember how Iâ€™ve written here about my fear of heights? Hereâ€™s the picture of me again, petrified after already visualizing myself falling off the roof while hanging Christmas lights. But I donâ€™t let my kids know howÂ scared I am in order to set a good example. You know the whole nature vs. nurture on a personâ€™s development?
Well, I think fears are at least partly learned, so I pretend I’m not afraidÂ for my kidsâ€™ sake and look what happened!!! Needless to say, my wife Cherry and I are fearful for our daughterâ€™s safety, but what can you do? I just contacted my local indoor rock climbing gym, and if theyâ€™ll take a 2.5 year old then at least I can strap her in 😛
Bringing this back to real estate, have you noticed how several successful Hamilton real estate investors you know have parents who are successful investors? I know several of them. You know the saying, investing is about time in the market vs. timing the market? Well they all started young, thanks to the mentorship from their parents. Is that something youâ€™d want for your children? To teach them about investing and entrepreneurship?Â Unemployment is highest among the youngest age group and, as Mark Cuban said, and I paraphrase, the best entrepreneur is a guy/gal and their two buddies in their parentsâ€™ garage working on a start-up. Why is that? Because they donâ€™t have crushing student debt payments or costs of living, like a mortgage, so instead of the stress and pressure of settling for any job, they can focus on development.Â Food for thought!
This past Saturday was our monthly Mr. Hamiltonâ€™s Inner Circle meeting, and thank you to the almost 50 people who took time out of their busy schedules to advance their learning about Hamilton real estate investing. We even had one gentleman kind enough to compliment us on how our analytics was on par with the Financial Analysts as his place of employment, an asset manager (they manage big portfolios of stocks, bonds, sometimes private equity and some real estate), BUT our content around economic fundamentals and understanding of market drivers exceeded what his analysts have presented. Weâ€™re always grateful for compliments and even more so when it comes from other real estate industry professionals.
Hereâ€™s a couple slides from my market update, and if you want to hear the latest going ons in Hamilton and surround areas, you really should attend our next meeting where yours truly will be presenting one of those surrounding areas and the top neighbourhoods for investment on Saturday, August 13th. You can reserve your seat here:Â http://mrhamilton.ca/innercircle/
Check out how much it costs to own a detached house in Toronto!! Around 70% of one’s gross income is needed afford the housing costs. One still needs to, you know, pay for groceries, make car payments, and that thing called income taxes… Needless to say, Hamilton real estate is considerably more affordable…
Think the sellers’ market is bad in Toronto? Statistically it’s worse in Hamilton, but not so stupid-crazy in St. Catharines.
Hamilton has less than ONE month’s inventory for freehold housing…
For comparison purposes, here is Ottawa, widely considered to be a top 10 town for investment in Ontario. Prices are down and they have over FOUR months of inventory.
This is just a small sampling of what we covered in our market update as we shared specific deals we executed for clients, financials, fundamentals for the property, etc… plus what our clients have been up to in Kitchener-Waterloo including top neighbourhoods. Â Again you can save your seat here so you don’t miss out: Â http://mrhamilton.ca/innercircle/
Thanks for reading and happy Hamilton real estate investing everyone!
Erwin Szeto |Â MrHamilton.ca
Rock Star Real Estate Inc., Brokerage
PS:Â If you are just starting out investing, start byÂ spending more time with like minded people and take guided tour of Hamilton by joining us for the next Mr. Hamilton Inner Circle by clicking here!!!