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The Worst Investment You Can Make: Buying a Home
- Thread starter winnipegjets
- Start date
rubbish,how many people can afford a property worth 2.4 million?most people are fooled and scammed into owning useless blocks of concrete by HDB,their CPF are bled dry,and their first born and children are forced into a lifetime of servitude just to put a roof over their heads.
in new zealand,not only can u drive a beemer and a chick magnet,at 40 when u are jobless and broke....the state will feed you and cloth you and give you free iphone and ipad for communications and education and best of all free section 8 housing!!!!
[video=youtube;NzspsovNvII]http://www.youtube.com/watch?v=NzspsovNvII[/video]
in new zealand,not only can u drive a beemer and a chick magnet,at 40 when u are jobless and broke....the state will feed you and cloth you and give you free iphone and ipad for communications and education and best of all free section 8 housing!!!!
[video=youtube;NzspsovNvII]http://www.youtube.com/watch?v=NzspsovNvII[/video]
The worst investment you can make is buying ONE home not "a home".
Always buy two at the very least. Live in one, rent out the other. You will find that your overall costs of owning two is essentially the same as owning one. Your tenant pays the mortgage for your other home and helps you own it.
Of course the assumption is that you can rent out the other home. "What if you cannot?" That is invariably the fear statement everyone is told and hears. The truth is, you can always rent it out, it's just a matter of what price and which tenant.
The other challenge is of course coming up with the downpayment for 2 properties. It's not easy but it is worth the pay off I can attest to that. Real estate is different from stocks because you can get a loan from the bank to invest in that class of asset. So leverage comes to play. $1 downpayment, can be actually $5 invested in the asset.
In stocks there is no leverage. Those who can play the leverage game get better returns if their investment pays off.
The home you live in is not really an asset or investment unless it in itself is somehow generating income for you eg rent out rooms, home business etc.
Always buy two at the very least. Live in one, rent out the other. You will find that your overall costs of owning two is essentially the same as owning one. Your tenant pays the mortgage for your other home and helps you own it.
Of course the assumption is that you can rent out the other home. "What if you cannot?" That is invariably the fear statement everyone is told and hears. The truth is, you can always rent it out, it's just a matter of what price and which tenant.
The other challenge is of course coming up with the downpayment for 2 properties. It's not easy but it is worth the pay off I can attest to that. Real estate is different from stocks because you can get a loan from the bank to invest in that class of asset. So leverage comes to play. $1 downpayment, can be actually $5 invested in the asset.
In stocks there is no leverage. Those who can play the leverage game get better returns if their investment pays off.
The home you live in is not really an asset or investment unless it in itself is somehow generating income for you eg rent out rooms, home business etc.
There are enough people out there who can afford a 2.4 million dollar home to buy the one I put on the market.
In NZ, while the down and out may be pampered to a greater degree compared to Singapore, the chances of Kiwis making big money and retiring early is far slimmer. They depend far too much on the state for their existence.
Real Estate has never failed me.
The house I bought in Singapore for $450,000 sold for more than $2 million 6 years later.
The house I then bought in Perth doubled in value in 8 years.
The apartment I bought in Sydney doubled in value in the same period.
The home I am living in now is worth 3 times what I paid for it 10 years ago.
If I had rented all my life, I'd be a pauper.
The formula is simple... buy in the best neighborhood you can afford regardless of the condition of the house.
2100 are u living in new york or tokyo?
u should be become a real estate agent instead,u could be donald trump by now with a chinese combover.my god so many doubling and tripling and quadrupling....if i calculated correctly a house just by the virtue of leong sam's backside squatting in the toilet can quintutruoctaple from $450k to $24 million in just 24 years!!!!
If you can do it, everybody can?
Flipping properties is not everybody's cup of tea. It all depends on when you buy.
Property taxes & maintenance cost? Is your $2100 mortgage fixed for the 30 years?
Dumbfuck angmo dunno about pappy owned paradise island sinkieland.
If you bought any property here 30 years ago now confirm multi millionaire liao
If you bought any property here 30 years ago now confirm multi millionaire liao
Yes, I believe that the PAP uses the same philosophy to force people to rent from them.
I didn't time my purchases to make money. I bought when I needed a house. You will never lose money with real estate because good land in choice areas is finite. A view of Sydney harbor in a good neighborhood cannot be replicated somewhere else.
Tell me during which 6 years period you bought your Singapore property. Your property value increase by 5X within a 6-year period. Totally unbelievable.
I bought in 1988 and sold in 1994.
Pathetic!
Need to rely on chick magnets instead of your own cock.
My prick is the magnet , and his ability to fuck hard and fuck good and fuck for hours standing up or squatting down or frontside up or on side in positions over and beyond Kamasutra and Japanese manga
My prick ability to make gals see ten thousand shades of colors and reach and know nirvana is my magnet
Any of your gals, once they know my prick, drop you and cum to me and ride with me to lands beyond the starlight.
My Econs Teachers always recommend us to buy homes to hedge against inflation!
Inflation is always there.
Once your kids need to go Harvard or Princeton, you definitely be prepared to pay for their first year tuition fees!
If you throw all your money on new cars. Once it hit the ground, it has already started to depreciate substantially.
I prefer to buy homes than new cars!
LAO GOH is good to suggest we help ourselves through asset inflation!
Inflation is always there.
Once your kids need to go Harvard or Princeton, you definitely be prepared to pay for their first year tuition fees!
If you throw all your money on new cars. Once it hit the ground, it has already started to depreciate substantially.
I prefer to buy homes than new cars!
LAO GOH is good to suggest we help ourselves through asset inflation!
Property has been the best investment of the 20th century. The question is, will it continue to be in the 21st?
I don't think so.
That is why you must also invest in stocks and businesses, IN ADDITION to property.
I put more than $200,000 into my business.
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