downpayment 有屋企人幫嗎? 男女朋友, 香港

auyatyat

前排睇o左個香港節目講80後好難上車,其實溫哥華都唔好得去邊,當香港排第一o既時候,溫哥華都排o係第三位...兩邊都係咁唔affordable...香港d 同學好多想買屋先結婚,所以計劃一直推遲...依家有一pair 終於放棄o左,決定租屋結婚

自己終於儲夠down payment買屋 (其實只係一個downtown condo)...希望無上錯車....
爸爸媽媽有少少suprised 因為佢o地大部份時間o係香港,唔係好知我做乜.
我bf 成日話男女朋友,每人每年供RRSP max limit,其實過得幾年一定會買到屋(即使係10% down 都好過無) 不過又有幾多人真係咁乖....交稅交o左咁鬼多,自問節流無特別方法,平日o係屋企食早餐,pack lunch返工,夜晚食簡單晚餐..無乜特別娛樂,打o左波做o下gym 咁過,儲錢亦都靠開源,做o下秘撈,接o下side jobs,幫人補o下習...

FiChai

IMO, very low income means not too much spare money and can bear very little risk for investment. It might not be a bad idea for just putting money in bank savings or term deposit. For that VERY LITTLE MONEY (as you described), neither it's good to put in real estate nor stock market la.

FiChai

Not only they have $0 value, sometime they have neg value.

Remember the RE value in HK after 19 ...
Look4chrisng 發表於 2011-1-31 12:03

I want to compare the risk of real estate vs stock as investment, which real estate is territorial and stock is global. I'm talking about real estate investment here in Vancouver vs global stock market, which is more risky?

BiscottiGelato

You always make money buying real estate...... I thought I heard that some time ago before....

Oh ya, I remember, it must've been in the states back in 2008.

LOL

Yeah, you might make money if you invest long term on a 10 year span... if you can survive through -ive value of your real estate tho.

I'm not saying not to buy real estate as an investment. But if you buy with the expectation that you will 'always make money'. Then you seriously just shouldn't invest PERIOD. All investment carries risk. Herd mentality bubble carries the highest risk. Leveraging (mortgage/margin, really the same stuff) on these bubbles are essentially suicide.

This topic has been beaten to death before. If you need a place to live, check twice on your personal circumstances and see if rent or buy is a better option. Do not be misled that buying is ALWAYS better than rent. Do the math and make sure it's the case for your personal situation. Herd mentally have killed lots of people and it can just as easily be you.

Oh, and... don't leverage unless you can bear the worst case scenario. Good luck.

fibbi

senior has very low property tax rate, dunno about ON but that's the case in BC.
Maintenance fee is one thing, but the worst case can rent out basement to get some cash.

快樂牛郎

有樓嘅話（供滿之後），就算無錢，都會有瓦遮頭，租嘅話就。。。
fibbi 發表於 2011/1/31 11:42

but there is maintenance cost and property taxes
many retired seniors in Toronto sold their houses because they couldn't afford to pay the taxes

Ovaltine

i am not saying not buy real estate, i just  want people to understand, if you can't afford it, its okay to not buy it and use the money to invest on other things such as stock market or etf, which may have higher return. also if u have a house to live in already, i just don't see a point in buying another one, especially in lower mainland. my situation is probably different, i live a pretty nomadic lifestyle, so i probably don't need to buy properties to tie me down.

vancouver home prices are way over priced, i don't see why people are still planning to buy with little income, this really ties them down financially, and it will close doors of opportunity for them during their most efficient years in the workforce. they might have a chance to buy a business, or invest in some stocks but they can't because the mortgage is tying them down. i mean its atleast 15 years, so i beg all you to think twice, is there a better waY to grow the money elsewhere? christ, buy real esate in northern bc, or oregon. those are good deals, but definitely not in lower mainland.

habitrailspace

有樓嘅話（供滿之後），就算無錢，都會有瓦遮頭，租嘅話就。。。
fibbi 發表於 2011-1-31 11:42

点會無錢呀!賣咗層樓咪有囉!

Look4chrisng

In fact, for the $0 down/40yr mortgages.  The first moment they sign off the mortgage, their home is less than $0 value.

I am not trying to say RE is bad/good.  But before you sign off the biggest purchase of your life, you should at least know these concepts.

Look4chrisng

I think nothing is gonna 100% safe investment. Not to challenge you, but please do let me (us) know ...
FiChai 發表於 2011-1-31 11:38

Not only they have $0 value, sometime they have neg value.

Remember the RE value in HK after 1997?    How many people dead because of -ve value of the home/investment.