大C姐

你咁樣會招人妒忌的...
不過, 我都諗唔到有錢去買樓有乜野問題.
我有個朋友, 唔知係唔係細個成日玩大富 ...
mcjohnjohn 發表於 2010-9-6 01:01

唔會有人妒忌既....或者人哋身家過千萬不過覺得買樓死蠢﹐所以死都唔買姐﹗我唔覺得我值得人妒忌﹐聽好多人口氣句句鏗鏘落地有聲﹐我開始覺得呻笨添﹐原來租樓咁free又有保障﹗我覺得所有業主戇居囉﹐我就嚟放架啦﹐識得有蠢人買樓話過我知﹗

-- 水魚C

FiChai

如果錢好緊的話﹐我唔會建意買樓。點都係一個投資﹐係風險要蝕得起。

大C姐 發表於 2010-9-6 00:53

I agree 如果錢好緊的話﹐我唔會建意買樓。However, the reason is not because of the "risk" of this kind of investment. Based on the past 30+ years statistic, people NEVER lose money for holding any premises for more than 10 years but actually gained. As I said, it's not a short term investment but at least 10 years, you're 99.99% safe.
But as for the actual "risk", it's that if you got laid off you have no money to pay the mortgage and you'll bear the legal liability; but if you're only renting a unit and you have no money to pay for rent, you can just move out (providing no owing rent in the past).

大C姐

I agree 如果錢好緊的話﹐我唔會建意買樓。However, the reason is not because of the "risk" of this ki ...
FiChai 發表於 2010-9-6 09:56

    我無呢D statistic﹐我唔敢講一定賺。但係你講都岩一半﹐無錢係可以租平D﹐但係人點窮都要住(assuming唔可以同屋企人住)﹐平極有限。

反而我會覺得要有儲錢習慣﹐有樓的話平日apply定line of credit﹐不時之需突然手緊都有少少後備。另外買樓有好處係進可攻退可守﹐若然想囉D錢去做小生意﹐將棟樓加按去套現都仲得。

peter236

However, the recent trend (esp. downtown area) is suggesting that giving up the currently unit and ...
MSN04 發表於 2010-9-5 08:34

Is there a bubble in the Vancouver market? The Olympics village still has many vacant units. If they reduce the price, the city may have a loss in this investment.

mcjohnjohn

there will not be any big bubble la.  Your China people will keep coming in and putting money into ...
mukmuk2 發表於 2010-9-7 11:12

你呢d 擺明係撩交打... 唔要得唔要得... 不過, 我都好認同你所講既野.
溫哥華, 絕對係華人既天堂! 大把人想去天堂啦~ 唔駛擔心天堂既樓價會有大幅下跌wor.

FiChai

我無呢D statistic﹐我唔敢講一定賺。但係你講都岩一半﹐無錢係可以租平D﹐但係人點窮都要住(assumi ...
大C姐 發表於 2010-9-6 11:25

This is not rocket science, everyone can google for REBGV average price graph (REBGV: Real Estate Board of Greater Vancouver) and the statistic is just right there! No matter you bought at the lowest or highest point, you gained after 10 years. Here is for your convenience if you have no time to search it.
Jan 1977 - June 2010

BiscottiGelato

This is not rocket science, everyone can google for REBGV average price graph (REBGV: Real Estate B ...
FiChai 發表於 2010-9-6 23:40

True, but you did not take into account inflation. You really have to at least beat GIC to claim a 'gain'

Just wanted to share a really good article on SeekingAlpha in the Canadian Real Estate Market. Don't take his conclusion as definitive. I like some of the statistics presented tho. Much better than the immigrant centric-view that incoming immigrants are buying up all the housing prices, as I don't believe that's the majority:
http://seekingalpha.com/article/ ... bubble?source=hp_wc

A few highlights:
"Third, housing price-to-income ratios have also expanded across Canada's major cities. For the 20 years prior to 2000, housing prices remained between 3.0 and 4.0 times median annual incomes. Today, however, housing prices have increased to between 3.8 and 9.3 times median incomes according to Demographia's 6th Annual International Housing Affordability Survey, with Ottawa being the most affordable city and Vancouver being the most expensive."

"Vancouver people per dwelling, 1996: 2.6, 2001: 2.5, 2006: 2.4"

"According to Wikipedia, throughout 2007, the average Canadian home buyer who took out a mortgage had only 6% equity in their home, suggesting the risk of negative equity is high even if there is only a moderate correction."

"The CMHC insures mortgage lenders against mortgage default on mortgages with less than 20% deposits, thereby transferring the risk of default to the Government. So if the individual receiving the loan went bankrupt then the bank who gave the loan would not lose money, but instead would be reimbursed by the government via the CMHC. But by removing all the default risk, the CMHC enables Canada's banks to lend to people with little money, no savings history and little prospect of repaying their loans. Put another way, it enables the banks to provide the cheapest, lowest mortgage rates to those with the highest default risk - Canada's own version of sub-prime."

And saying that pricing is unpredictable is plain ignorance. Just because you cannot predict it, doesn't mean that there's no basis for future valuations. No one can predict with 100% accuracy however, but it does not have to be a gamble.

MSN04

True, but you did not take into account inflation. You really have to at least beat GIC to claim a ...
BiscottiGelato 發表於 2010-9-8 09:30

I suggest that you to save air lor hahaa...
You can never change people who blindly believes the real estate growth in recent years in Vacouver.  

I remember having a conversation with my friends.  They were like "real estate always increase if u look at the historical trend".  One thing they don't realize is that the increase is more in line with inflation, since housing is part of the fundamental.  If there is a big hike in price like we had in recent years, it is likely that we will have a correction.  Let say I buy now, and price correct by 20%.  Will the price get back this level?  Yes, for sure, in 5 years, 10 years? 15 years?  Remember the interest that is paid on the mortgage and the monthly expense.  Even if I have money to buy a property straight up, is that a good investment considering that the return is zero in the next... 10 years?

Just sit back and see how things unfold la

BiscottiGelato

回復 109# MSN04

Just sharing a good article with fellow LYKs jeh~