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think like a MILLIONAIRE!

Would you like an investment that DOUBLES YOUR MONEY every year to infinity? Would you like to become RICHER and RICHER without any effort while everyone around you scrapes and saves every last penny? Would you like to enjoy 4 meals a day at fancy restaraunts where the waitstaff is envious and frightened of your economic might?

Of course you would! Who wouldn’t?

So go where the smart money goes: VANCOUVER REAL ESTATE! Its the investment that can never go wrong. Just look at this graph:


graph taken from the vancouver housing market blog)

Over the last two years real-estate prices in vancouver have risen dramatically.. What happens when we extrapolate these increases into the future? LIMITLESS RICHES! You can still purchase a 600 sq ft condo in Vancouver with a pleasant alley view and minor water ingress issues for under $400k. In just four years that same condo will be worth over THREE MILLION DOLLARS!

And the best thing about a real-estate investment is that it can make you money while it gains value! With a healthy downpayment you’ll pay just under $2000 per month for that condo, and you can rent it out for up to $800 per month. That might seem like a money-losing proposition at first glance, but you’ve got to THINK LIKE A MILLIONAIRE. How do you make money when you’re subsidizing your renters by $1200 a month? VOLUME! Rent that condo out four times over and you’re pulling in an easy TWO THOUSAND DOLLARS A MONTH!!

Get in now before it’s too late!

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14 Responses to “think like a MILLIONAIRE!”

  1. 1
    Anonymous Says:
    June 5th, 2006 at 2:17 pm
    This seems too good to be true! Even with no money down can I become a millionairee?

    Current score: -12
  2. 2
    Taurine Says:
    June 5th, 2006 at 2:19 pm
    ok.. I’m thinking like a millionaire, but I don’t get it. How do you rent out a condo 4 times? How do you get rent to cover the purchase price of a condo in vancouver, even with 100k down?

    This is a joke right?

    Current score: 0
  3. 3
    the pope Says:
    June 5th, 2006 at 2:28 pm
    No joke - it’s simple economy of scale. Just subdivide that 600 sq foot condo into multiple dwelling units. Thats how it works all over the city.. They recently knocked down a single-family house in my neighborhood and are putting up a 32 unit apartment building in its place.

    It’s called densification and it can work wonders on your bank account. It’s not uncommon to see studio appartments around 300 sq ft in size, and these will become all the more common as the city grows.

    And while you’re thinking about that- think about this: There are numerous people out there employed in shift work that are not home at night. What this means is that the real-estate value of a bed is actually devalued by at least half. Its simply not in use for more than half the day. In fact, the average person sleeps 6-8 hours a night which means there are actually 3 sleeping shifts in a 24 hour day! Make full use of that potential and you’ve got a license to print money!

    This is just one of the ways you can GET FILTHY RICH in vancouver real-estate!

    Current score: 0
  4. 4
    the pope Says:
    June 5th, 2006 at 2:34 pm
    -anonymous: YES! even with NO MONEY DOWN you can become a millionaire. You can buy that vancouver condo with ZERO DOLLARS DOWN and once you divide it up into INCOME GENERATING RENTAL UNITS you will be FLOODED WITH LIQUID CASH INCOME!

    Current score: 0
  5. 5
    Anonymous Says:
    June 5th, 2006 at 9:27 pm
    Ahahaha… I love this website

    Current score: 0
  6. 6
    dingus Says:
    June 6th, 2006 at 11:16 am
    Why stop there? How much space does 1 bitter renter really need anyway? After all where I’m standing right now is really only 1 sf. Add an extra sf or two in case the renter needs to make hand gestures while talking or sneeze or whatever, and you have potentially up to 200 renters in that 600 sf studio! If they need to move around, well, just trade spots with another roomate. Sky’s the limit! If they complain, just flash your statement of net worth under their noses and taunt them for being bitter jealous losers who aren’t worthy of the lifestyle that ownership provides.

    I’m sure it’ll be no problem finding occupants. Look at all the people on the street! Most won’t be able to attain that precious “owner” status. And EVERYBODY in the whole wide freakin WORLD wants to live here and will need a place. Look around! How many people on the street LOOK foreign? LOTS of ‘em! Think they own? Not likely! And those foreigners are totally used to being crammed into substandard crowded hamster cages. But if you’re going to leave your Third World sh*thole behind to come to a world class city that has the OLYMPICs coming fer pete’s sakes, then you gotta make some sacrifices!

    Anyway, remember those Japanese hotels that offered a little person sized tube to sleep in? Well, it’s the trend of the future. Grab hold of it and profit!

    Current score: 0
  7. 7
    Sell The View Says:
    June 6th, 2006 at 1:58 pm
    Reducing the sq footage per person would mean compromising on quality.

    The real answer to “how to sell a condo N times over” is “timeshare”. Every owner stays in the condo only for 1/N part of the year. What do they do for the part they don’t stay in the condo you ask? Why rent of course — after all renting makes real economic sense. This way the condo “owner” gets the best of bosth worlds.

    Current score: 0
  8. 8
    bearette Says:
    June 6th, 2006 at 6:51 pm
    Thank you for the best laugh I have had in ages. I howled. I am so printing this graph on a T-shirt.

    Current score: 0
  9. 9
    Michael Randallbard Says:
    June 6th, 2006 at 10:33 pm
    bearette….if you contact a screen printer and want to make a quantity of them I would be interested in buying some. I think that the graph should be used by the owner of the site as a permanent fixture and perhaps he would offer the shirts on this site. I’m POSITIVE that this shirt (not in white please) would be popular with thousands of people in Vancouver and that T-shirt shops would buy them for re-sale

    Current score: 0
  10. 10
    the pope Says:
    June 7th, 2006 at 8:23 am
    Hey! If you guys want to put that chart on T-shirts at least let me make a crisp full-res version for printing.. Gimme until the end of the weekend and I should be able to post a file suitable for printing.

    Does anyone know of a print-on-demand service like cafepress.com that is located in Canada? I’ve been very happy with their service, but the shipping from the states is a draaag.

    Current score: 0
  11. 11
    northvan Says:
    June 7th, 2006 at 9:52 pm
    Since I’m frugal, I will wait till those T’s show up in Value village.

    Or if I really feel I must have it now, could use permanent markers on an old T.

    I’ll wait till the housing market can be found in Value village too.

    A penny saved, 3 pennies earned, or 5 maybe…? my friend Time will tell.

    Current score: 0
  12. 12
    the pope Says:
    June 8th, 2006 at 8:48 am
    Oh no, that would be a mistake. Although historically some T-shirts have gone down in value, these T-shirts are different. They’ll never show up for a lower price and they don’t even exist yet! They’ll keep going up up up as demand grows. I suspect that demand from wealthy foreign investors will make these T-shirts a very good investment (should they ever actually exist)

    Current score: 0
  13. 13
    dingus Says:
    June 10th, 2006 at 1:31 pm
    Could I get a wristband to reserve my place for a T?

    Current score: 0
  14. 14
    MillionPitfall Says:
    March 10th, 2007 at 8:47 am
    If you subdivide futher and people sleep standing up; I’m sure you can make another million or two. Better yet, a bed that doubles as a shower, why take up extra space.

    Current score: 0