HK micro flat sells for record price
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Martgage parents house ?
And what exactly happens say when he gets sick for a year with no income or say if the property market corrects 50% in the wrong direction.. Same thing happened with the fuel hedging nerds.. This is where peoples lives get ruined.
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Zhuhai ?
Come live in Zhuhai, enjoy the fresh air and the sparkling clean water, wide open spaces where you can frolic in the endless green fields and open spaces...
Get real
Join Date: Apr 2002
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Doesn't that sound nice and safe.. Put ALL your eggs into one basket then add ALL your parents eggs into the same basket just to buy a 600 sq/ft shoe box with a 30 year mortgage.
And what exactly happens say when he gets sick for a year with no income or say if the property market corrects 50% in the wrong direction.. Same thing happened with the fuel hedging nerds.. This is where peoples lives get ruined.
And what exactly happens say when he gets sick for a year with no income or say if the property market corrects 50% in the wrong direction.. Same thing happened with the fuel hedging nerds.. This is where peoples lives get ruined.
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Social housing
And then look at it from another view, it's disgusting that any conversation at all in a career such as this that the topic of "subsidised" or "social" housing should even be mentioned..
But then, the DFO gets a bigger bonus, right ??
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You are correct FH, in HK it's called "subsidised housing". The problem, regarding the C, D, E, F. scale pilot workers is that your pay hits that perfect sweet spot where you will never qualify..ever.
And then look at it from another view, it's disgusting that any conversation at all in a career such as this that the topic of "subsidised" or "social" housing should even be mentioned..
But then, the DFO gets a bigger bonus, right ??
And then look at it from another view, it's disgusting that any conversation at all in a career such as this that the topic of "subsidised" or "social" housing should even be mentioned..
But then, the DFO gets a bigger bonus, right ??
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Join Date: Sep 2002
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Forget MicroFLats..why live in a shoe box when you can live in a OPOD in HOng kong.. Looks cozy and safe from the nasty elements of mother nature..and maybe cheaper. its a thought.
Hong Kong Startup Turns Concrete Water Pipes into Stylish Micro-Houses
Hong Kong Startup Turns Concrete Water Pipes into Stylish Micro-Houses
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Flat prices
In the paper the last few days for all those thinking about buying/renting..
US interest rates now on the way up.
What this means.
1. Mortgage payments in HK are going up...
2. Those who own (landlords) are going to have higher mortgage payments therefore rents will go up proportionately..
3. If the rates go high enough to the point where you can no longer make payments, you default and loose your shoe box (and your parents shoe box re the one above who mortgaged his parents appt to get down payment)..
OR
If interest rates go high enough - a property crash where you wake up and your shoe box has lost 50% of its value BUT your mortgage has NOT...
This has happened in HK - Caveat Emptor
US interest rates now on the way up.
What this means.
1. Mortgage payments in HK are going up...
2. Those who own (landlords) are going to have higher mortgage payments therefore rents will go up proportionately..
3. If the rates go high enough to the point where you can no longer make payments, you default and loose your shoe box (and your parents shoe box re the one above who mortgaged his parents appt to get down payment)..
OR
If interest rates go high enough - a property crash where you wake up and your shoe box has lost 50% of its value BUT your mortgage has NOT...
This has happened in HK - Caveat Emptor
Join Date: Apr 2002
Location: HK
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In the paper the last few days for all those thinking about buying/renting..
US interest rates now on the way up.
What this means.
1. Mortgage payments in HK are going up...
2. Those who own (landlords) are going to have higher mortgage payments therefore rents will go up proportionately..
3. If the rates go high enough to the point where you can no longer make payments, you default and loose your shoe box (and your parents shoe box re the one above who mortgaged his parents appt to get down payment)..
OR
If interest rates go high enough - a property crash where you wake up and your shoe box has lost 50% of its value BUT your mortgage has NOT...
This has happened in HK - Caveat Emptor
US interest rates now on the way up.
What this means.
1. Mortgage payments in HK are going up...
2. Those who own (landlords) are going to have higher mortgage payments therefore rents will go up proportionately..
3. If the rates go high enough to the point where you can no longer make payments, you default and loose your shoe box (and your parents shoe box re the one above who mortgaged his parents appt to get down payment)..
OR
If interest rates go high enough - a property crash where you wake up and your shoe box has lost 50% of its value BUT your mortgage has NOT...
This has happened in HK - Caveat Emptor
Same was seen in UK when the govt increased the taxes/ decreased the tax advantages for landlords. Landlords all claimed they would need to put their rents up due to the higher costs, but it didn't happen - rents in many places have gone down - as it is supply/ demand that determines rents. not cost
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Hong Kong is an unusual place something like 70% of properties have NO mortgage outstanding.
This is why you see the mentality where locals will happily leave a place empty for months or see a long standing tennent (like you or me) move out because they've decided to up the rent. They couldn't care less because they don't have a mortgage to pay and it's a loss of face to not get the rent they're asking for, same for commercial property.
Only the few like us and beginners will struggle with a mortgage payment rise, the vultures with all the cash will step in after the default and pay it all off without needing a loan.
This is why you see the mentality where locals will happily leave a place empty for months or see a long standing tennent (like you or me) move out because they've decided to up the rent. They couldn't care less because they don't have a mortgage to pay and it's a loss of face to not get the rent they're asking for, same for commercial property.
Only the few like us and beginners will struggle with a mortgage payment rise, the vultures with all the cash will step in after the default and pay it all off without needing a loan.
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I must say, i've accrued my bonus through other 'alternative' means. 
(with more such 'bonuses' to be accrued throughout the year 
)
"time is money". you can figure that one out...
(with more such 'bonuses' to be accrued throughout the year )"time is money". you can figure that one out...
