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

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.

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.

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?

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.