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That house was obviously over-priced. Even with latest price, it is not a good investment.( v* ~2 k' z! n1 [7 F) B- u' s
If you like to invest in current market, get some condos and rent them to cover your mortgage.
$ E2 O" X7 Y8 kIf you want buy your first house, it totally depends on what do think of this market and can you afford it.
" I1 h5 G/ f" @, @ v" l9 FThis market may go down (not like last year). However, if it doesn't go down and keep increase 4% a year.
$ g; `1 b* l, |/ ]. l. X, uWhat are you going to do about that? For condo investment, you can have 4% of the whole condo value as return while ) @$ k L: W% L( u8 `, j% h4 o ]
you only pay 20% downpayment. For renter, you will have to save more for next down payment.
% n0 K9 I; |& N/ o0 IJust for the record, I still cannot find any condos match what I bought this May. I don't know why everybody (including me)
+ K' F3 u- \( }" W' \" j4 Xthink this market is going down now.
, ~8 `* c. N, s$ UI think I will invest another unit if I can find another one which can match my last one. |
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