Monday, August 16, 2010

Buy property? Think again!

Ringo Lam, founder of Wisers Information Ltd, puts it succinctly:

一直租樓的林永君,認為不用供樓,壓力已經小得多。他說﹕「很多朋友工作幾年,儲錢買樓結婚,不久生仔。最初供樓跟着生仔,再供退休計劃,一世人供供吓就供到退休。」對此他一點不認同。

林永君解釋﹕「很簡單,一買樓已壓住筆首期,例如值300萬的樓,一開始付100萬,再加上每個月供的錢,比租金多出5至6千元。現時任何一個基金都可以提供每年5至7%的回報,以20年計,原本的100萬,與每個月多付的數千元,若用來供一個基金,每條數20年後都各自可以有100萬的利息回報。」他指若物業20年後升少過200至300萬,已是一盤虧本的數。
And that's why I've resisted the pressure to own a property, especially now that I'm in Hong Kong.


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