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Best x-mas present for your young child

Blog by | December 22nd, 2010

The best Christmas present a parent can give their young child is a down payment on a condo in small town BC. Say the condo is worth $80,000 and rents for $800 (or some such). With a minimum down payment the tenant pays it off for them in 17 years ... so by the time they start college they'd have $800 a month for the rest of their lives. Do it 5 times ... and very likely – almost guaranteed to out perform stocks, bonds etc. (because of leverage).