Ovaltine

Based on stat (not me), invest in real estate for a 10 YEAR TERM (NOT 1 or 2 YEAR SHORT TERM) is ALM ...
FiChai 發表於 2011-1-30 09:55

real estate is not safe at all, with so much economic uncertainty looming. it seems like the economy is rebounding, but lots of countries are going bankrupt, social unrest all over the world due to rising food prices and stagnant salary. population on earth will grow and grow until a tipping point, the next 30 years, we will either keep growing which means rising food prices, or war outbreak from poorer countries such as egypt and north korea. do you really think real estate prices will rise in an all out war? really depends if Canada is gonna be in combat. but i sure rather invest in stock market as I can pull out the money in a few days, but real estate will take couple months.

tsumorichisato

買得磚頭當然因為唔係好想理0甘多野, 股票都係要研究都要用好多時間架, 唔係快錢你估0甘容易賺...
唔識買股票, 都係磚頭穩陣D...我覺得0甘樣比較唔係好公平, 實際上係depends 個投資者既interest

anyway 當磚頭都有好唔掂既一日, 股票都應該係廢紙, 有幾多人真係react 得0甘快啊0知道幾時要放啊

icing

Buying a place is better than renting afterall.
Pay mortgage - you own a property (a portion)
Pay rent - expenses, when you retire, you probably can't afford the rent anymore....

FiChai

real estate is not safe at all, with so much economic uncertainty looming. it seems like the econo ...
Ovaltine 發表於 2011-1-31 03:03

I think nothing is gonna 100% safe investment. Not to challenge you, but please do let me (us) know what investment is 100% safe, during normal days and especially at war. As far as I know, stock could come to 0 value, but I never seen a 0 value house in general cases.

fibbi

有樓嘅話（供滿之後），就算無錢，都會有瓦遮頭，租嘅話就。。。

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.

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.

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!

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.