Buying a house? Yes or No?
Hello,
not a lot of discussion on these boards about the pros and cons of using a housing allowance to buy rather than rent in Honkers. As a relative newbie, would be keen to hear some opinions on buying.
Does anyone actually know of anyone who has LOST money or done badly by buying? I have heard the success stories around SARS etc. Over a longer time span real estate generally is a pretty forgiving investment even if you buy at the top of a cycle...would you say this holds true for HK?
Keen to hear some opinions and personal experiences....
DA