Ozzie Jurock, President of Jurock Publishing Ltd. has written a great article for The Vancouver Sun entitled Why I will always buy real estate. His arguments are worth reading and pondering. Here's a short excerpt from his piece:
Three decades ago, had you bought good quality real estate you would not be concerned about your future today. That real estate would have kept up with inflation, remained secure in value, and steadily appreciated. Sure, there would have been some temporary dips. There has to be because real estate is cyclical in nature. But one thing is certain - over the years, the base values have been steadily increasing.