The Globe and Mail has a ‘financial facelift‘ featuring a realtor couple from BC.
If you thought real estate was always the road to riches you might be surprised by some of the numbers in this article.
She is 52, he is 66. With commission income sagging, they are revisiting their retirement plan, which is to pay off their real estate loans and sell their two rental properties when the market recovers. The rentals are operating at a loss.
This couple has a cash flow problem, and this while the market has been flat as Dave would say.
What happens if we see a sharper correction in our high prices and how many other salespeople are in the same boat?
Read the full article here.