Correcting a mistake when you know it is a road less traveled. Professor Scott Pike wrote a set of popular psychology books "The Road Less Traveled", which is very classic. The protagonists in the book seem to be normal people in life, but in fact they are all patients who are unwilling to reconcile with themselves.
Not only do you not admit the mistakes you make, but you also spend your whole life persisting in them. This is the real world I have seen from my career: families with huge mortgages and huge RRSP investment portfolios will never sell their RRSP investment portfolios and repay their mortgages in advance; new immigrants have bought a house that is too big to afford, and would rather sublet the basement than move out; self-employed people, in order to save taxes, do not invest in real estate. The inherent paranoia and loss aversion of human beings have created many rational and short-sighted people who only care about the present and do not care about poetry or the distance. Only those who correct their mistakes and are willing to start over can gain a new lease of life in real estate investment.
Conclusion: In Canada, everyone has the right and ability to invest in real estate. It is up to you to decide how to invest. Rome was not built in a day. Families that have accumulated a large amount of real estate wealth have overcome the temptations of excessive consumption, resisted the paranoia of tax saving and control, and endured the pressure of negative cash flow. My daily job is to watch the hard-working Chinese friends accumulate real estate wealth, and watch the real estate investors’ wealth continue to grow, which gives me a sense of professional honor. This spring, I was really busy with work, but I still felt the responsibility and obligation to share my experience. Unfortunately, I had too little time to calm down and write articles, so I recorded two long videos and put them on my own YouTube channel. Everyone is welcome to watch and comment.
