I bought my first house in Laguna City in 96, then I changed it to the present location in 1998. (I think it's a right decision, not just from investment point of view, but also from quality of life aspect).
Now it's 2008, I changed my house again, actually I bought the other block, with higher floor zone, better layout and bigger size, and I just sold my old flat and the discovery bay flat. I always treat a self occupant flat like a car (a consumable), therefore during the price fall in the past, I didn't feel bad at all. And to my surprise, it goes back to the original price now. So I believe even if the market falls again this time, my new flat will go back to the original price again in the future, just like HSBC.
From investment point of view, I still think stock is a more suitable tool for me, trading property is so exhausted, the only good thing is the leverage at low cost. So I use the leverage to get a better place to live, and will continue to accumulate stocks. The most important thing is to make sure that the mortgage installment will not affect the cashflow, then one can really forget the purchase price for awhile and enjoy the new home.
Remember, life is short.
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