PPRuNe Forums - View Single Post - Hong Kong Property prices, Flu, etc.
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Old 23rd Mar 2008, 06:11
  #49 (permalink)  
stillalbatross
 
Join Date: May 2003
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Do the numbers, its cheaper to buy and service a mortgage at the moment than it is to rent so one of two things should happen. 30% rise from here a cakewalk!!
Really? The 59K I have for renting the 2000sq/ft $15 million property costs me nothing in deposit, virtually nothing in tax, nothing in management fees and nothing in wear and tear.

Please tell how I can do the numbers and purchase such a place and live comfortably in it. Me thinks plenty on here are living in shoeboxes in order to make money and their families are sacrificing quite a lot as a result.

Would also like to lock in my current interest rate for the next 10 years.
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