It's easy. Just build a time machine and travel back to June 1, 2009 and you can buy Apple for $5 - split adjusted price.
OK. Stupid, right?
But let me ask you "Why didn't you buy a ton of Apple stock on June 1, 2009? It's at $187 today!
For a lot of people it wasn't fear, it was simply that their mind didn't let them see the opportunity. The financial crisis was just ending but there was still a lot of bad press on stocks. People's mindsets were looking for reasons not to buy, even though Apple increased revenue every year, even during the financial crisis (huge clue), going from roughly $1 billion in 2003 to $10 billion at the end of 2008.
Maybe they thought it had topped out at $10 billion? It went to $20 billion in 2009. Apple today has over $100 billion in earnings. A lot of wealthy people bought it back in 2009.
And that's exactly what I, and a lot of other real estate investors, see in Alberta right now. The clues are there - housing shortages, migration to Alberta - the real things that drive prices (like earnings does with Apple). But instead of investing, people put on their negative blinders like they did in 2009 and find a bunch of things that justify not investing. Guess what the wealthy are doing?
I know for a fact that many top investors and even some REITS are moving away from Toronto/Vancouver and are now buying Alberta. Boggles my mind that Albertans aren't doing this more.
I could be wrong, but my guess is there will be a lot of folks in 10 or 20 years saying "Man, if only I'd have bought one property back in 2023...". I actually think it'll be a lot less than that.
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