auyatyat

回復 29# 大C姐


    唔理佢啦.既然佢有restrictions,我睇第二間.

大C姐

All because of this potential, most of the strata in DT area have straighter restrictions like that ...
FiChai 發表於 2010-8-31 00:25

    所以果棟咪底過市價都賣唔出囉﹗Downtown唔係好多棟敢做到咁串﹐又唔係Grace又唔係w cordova地段﹐普普通通一棟唔係甚麼高檔次downtown apartment無啦啦加rental restrictions我都唔會買啦﹗

auyatyat

回復 30# FiChai


agree...same channel...
a lot of condos in DT have rental restrictions or rentals not allowed

auyatyat

回復 32# 大C姐

For market value, we should compare apple to apple.
Compare this unit with units with similar restrictions, not to compare it with those without restriction or with those rental not allowed.
We are buyers in different sub markets.
Reasonable investors will not even think about buying units which are not allowed for rental purposes.

samsung

回復  大C姐

For market value, we should compare apple to apple.
Compare this unit with units with  ...
auyatyat 發表於 2010-8-31 10:11

do you find it (buying a home) headache, auyatyat? I totally found it, even from your posts...

samsung

is it really a good time to buy? or shall we wait until it drops more?

auyatyat

回復 35# samsung

I think I have some money in the bank, I put it in saving, the return is super low.
I'm thinking to buy something afforadable, with rental income more than the mortgage payment + management fee + property tax. Then I can hold the property for long term investment. So, it doesn't matter when the market is going to be good or bad during my holding period. As long as the tenant pays for the mortgage, I already have a better return than putting the money in the saving account. I personally don't trust mutual funds or stocks...

auyatyat

回復 36# samsung

Do you have the need to buy? If you are not living with parents, you have to pay rent anyway. Given that some one bedroom units are still affordable.

According to some BC Stats, the average annual personal income is about $40,000/year. If young couple can save $10,000/person to put it in RRSP saving, within 3 years, they can save $10000x2x3 = $60,000 + (min return from saving)
$60,000 should be good for a $300,000 property as 20% down.
(This is based on the assumption that young people can really earn $40,000/yr, have good saving habit, and $300,000 is still ok to buy a condo unit...also need to assume that they are not over spending on handbags, clothing, travelling, or leasing cars)

samsung

回復 38# auyatyat


    ic... but isn't the market too high now? what about HST & commission to agent? I think considering all these factors, should we wait until the situation is improved.. e.g. hse market going down or HST is cancelled, etc.?

samsung

回復 38# auyatyat

I think my focus is on whether or not it's good price and the rental market, as I heard lots of stories about how bad the 租客 can be, which stopped me from considering it as an investment for myself.... esp those white ppl 租客, they can owe rent, or destroy furnitures, etc., and you would not know in advance, they can look like a normal couple but they can turned out to be bad 租客...

No I don't pay rent, I live with parents.