Housing Prices
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Housing Prices
MOST OVER-VALUED HOUSES COMPARED TO LONG-RUN AVERAGE
* Hong Kong 64%
* Singapore 58%
* Belgium 55%
* Canada 54%
* New Zealand 44%
* France 43%
* Australia 36%
* Britain 20%
MOST OVER-VALUED HOUSE PRICES COMPARED TO RENTS
* Canada 77%
* New Zealand 66%
* Belgium, Hong Kong 64%
* Singapore 58%
* France 49%
* Australia 45%
* Sweden 32%
* Spain 22%
Source: The Economist global house price index
* Hong Kong 64%
* Singapore 58%
* Belgium 55%
* Canada 54%
* New Zealand 44%
* France 43%
* Australia 36%
* Britain 20%
MOST OVER-VALUED HOUSE PRICES COMPARED TO RENTS
* Canada 77%
* New Zealand 66%
* Belgium, Hong Kong 64%
* Singapore 58%
* France 49%
* Australia 45%
* Sweden 32%
* Spain 22%
Source: The Economist global house price index
Last edited by arse; 21st Aug 2012 at 00:48.
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Number of rats in NYC:
(Standardized Results)
New York Times. 12 July 2000.
"No one knows how many rats live in the city. Some citizens have lamented that there have to be at least eight or nine rats per person. A more common conclusion is one rat per human. City health officials say these are all guesses. "We don't do rat tail counts,"a Health Department spokeswoman said."
Estimate = 64–72 million
Rudy Giuliani. 2002.
"There is currently an ongoing 'Rat Summit' in NYC to discuss our 12:1 ratio of rats to human in NYC."
Estimate = 96 million
NYC Struggles With Millions of Rats. Agrizap. 9 July 2000.
"New York's rat problem extends far beyond the halls of its public housing. Bill Perkins, chairman of the City Council's Select Committee on Pest Control, estimates that there are nine rats for every person in the city - a rat population of about 70 million."
Estimate = 70 million
Pests or Pet? Gotham Gazette.
"Some estimates tell us that there are as many as six rats for every one New Yorker. If that is accurate (and nobody really knows), that means there are close to 44 million rats in New York City."
Estimate = 44 million
Heaven or Hell? 29 May 2002. NYC Rats.
"And in just one year, a single female rat can produce as many as 285 brand new rats who are up and running in a matter of weeks. Rats, according to conservative estimates, outnumber human New Yorkers about 6 to 1."
Estimate = 48 million
(Standardized Results)
New York Times. 12 July 2000.
"No one knows how many rats live in the city. Some citizens have lamented that there have to be at least eight or nine rats per person. A more common conclusion is one rat per human. City health officials say these are all guesses. "We don't do rat tail counts,"a Health Department spokeswoman said."
Estimate = 64–72 million
Rudy Giuliani. 2002.
"There is currently an ongoing 'Rat Summit' in NYC to discuss our 12:1 ratio of rats to human in NYC."
Estimate = 96 million
NYC Struggles With Millions of Rats. Agrizap. 9 July 2000.
"New York's rat problem extends far beyond the halls of its public housing. Bill Perkins, chairman of the City Council's Select Committee on Pest Control, estimates that there are nine rats for every person in the city - a rat population of about 70 million."
Estimate = 70 million
Pests or Pet? Gotham Gazette.
"Some estimates tell us that there are as many as six rats for every one New Yorker. If that is accurate (and nobody really knows), that means there are close to 44 million rats in New York City."
Estimate = 44 million
Heaven or Hell? 29 May 2002. NYC Rats.
"And in just one year, a single female rat can produce as many as 285 brand new rats who are up and running in a matter of weeks. Rats, according to conservative estimates, outnumber human New Yorkers about 6 to 1."
Estimate = 48 million
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Location: hongkers
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Arse.
So what your saying is HK is expensive to buy, but relatively cheap ( compared to house price) to rent.
So the answer is rent here and buy a place in a country you get a better return in. Simple
By the way. The reason HK real estate is so expensive is because the HK$ is linked to the US$. HK has a relatively strong economy which should translate to higher interest rates. Instead we have the low US rates foisted upon us. This leads to inflation and the cheap money leads to speculation. Both of which make the price of real estate go up.
Prices won't be coming down until the US starts to raise interest rates ( 2014 at the earliest) or there is a major event worldwide.( Eurozone implosion, revolution in China etc). So if you can't afford to buy now you may have to sit tight for a while.
So what your saying is HK is expensive to buy, but relatively cheap ( compared to house price) to rent.
So the answer is rent here and buy a place in a country you get a better return in. Simple
By the way. The reason HK real estate is so expensive is because the HK$ is linked to the US$. HK has a relatively strong economy which should translate to higher interest rates. Instead we have the low US rates foisted upon us. This leads to inflation and the cheap money leads to speculation. Both of which make the price of real estate go up.
Prices won't be coming down until the US starts to raise interest rates ( 2014 at the earliest) or there is a major event worldwide.( Eurozone implosion, revolution in China etc). So if you can't afford to buy now you may have to sit tight for a while.
