MSN04

btw...

I just read an ad on the newspaper advertising new condo in Surrey starting at $149,000. I k ...
大C姐 發表於 2010-9-29 12:52

U ever think about why Surrey offer such discount on housing?
If Vancouver is running out of land, rich people are buying up properties, i would think the price in the outer cities would hold pretty strong b/c there must be a high demand from poor people.

Oh... If downtown is really that affordable, why would someone even care to consider living in surrey?

MSN04

I think now they're developing surrey, building/expanding bridges, so perhaps for some people ...
大C姐 發表於 2010-9-29 13:44

LOL!!! they are developing surrey??  
ok... I guess u are not familiar with surrey.. better find out how much similar units were priced few months back.

MSN04

回復 205# 大C姐

你就真係幾戇九, 做野唔為錢, 為乜呀? 你又識好多人為興趣去打工呀? 做生意既就因為鐘意享受 trading / bargaining 既過程?
果然係 80 後既思想.  無腦.

MSN04

"Interest rate increase? how much more do you have to pay a month if your property is only 150K even ...
samsung 發表於 2010-9-29 14:15

My god, I can't believe you would say such stupid thing.
it depends on the mortgage, not the property.
Take 150k as a mortgage for 25 years.  
Monthly payment for 4% is $700 ish.
Monthly payment for 10% is $1300 ish.
Of course, u can argue that u have some principle or whatever crap paid already, but you get the idea.  If you don't believe it, go run any mortgage calculator and stop pulling sth out from the air.

MSN04

hey... look closer, I just quoted what Ms C said ja
samsung 發表於 2010-9-29 15:08

lol, i am sorry, my bad.  just too busy today and did not read carefully rofl.

MSN04

If you think i am 無腦, then i think you have no guts... if you plan your life around the pos ...
大C姐 發表於 2010-9-29 15:24

How the hell are you able to assess risk if stat/report does not matter?
I gotta admit that you are good.

MSN04

and also, the interest rate wouldn't just shoot up 7% over night for no reason! people quote  ...
大C姐 發表於 2010-9-29 15:13

Do you even think that people can sell when other people are also thinking the same?  

Wrong again.  Government can not just look at real estate to determine rate increase.  The cost of food and other essentials has gone up.  (I hope u realize that too)
That is called inflation.
Our retarded government put themselves in this bad situation, so there is nth we can do about it.

You are right, rate does not increase madly over night.  But just in case if you have amnesia, most people carry 35-yr mortgage nowadays b/c of the insane price.  Can rate remain low in 5 years? 10 years?  Does low rate really help prevent a melt down?  (look at US)  May be...

MSN04

answer: common sense + experience

many people (esp older generation) run successful businesse ...
大C姐 發表於 2010-9-29 15:57

Based on what you have posted, I think you are lack of common sense tho...

There are also lots of failures running business blindly.  So what is ur point?

MSN04

if you think i lack common sense, you need not to ask for my "point" [of view].
大C姐 發表於 2010-9-29 16:17

Just interested in what people are thinking

MSN04

回復 250# fibbi

hmm... just want to talk about your point of "租一年都唔見成萬蚊"
Buying a house with mortgage is also like renting.  Just that the person is "renting money" for ownership.  Also, there is also a carrying cost to own.
All in all, i just want to point out that owning is not necessary "cheaper" than renting.  esp. with the current economy.