Financial Should i buy the house?, Help me please...
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 Mar 26 2009, 05:17 PM, updated 17y ago
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#1
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Junior Member
18 posts Joined: Jan 2006  
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Hi everyone,
I found a condo from my agent. This condo cost 148k (2nd hand) located at my desire location. and i like the house once i see it. The problem is, it's a least hold unit and left about 70 years. I plan to buy it to stay with my family. So anyone have any suggestion? Should i buy this least hold unit? I worry about no value in the future. Please advice, thanks. |
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Mar 27 2009, 11:12 PM
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#2
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Junior Member
18 posts Joined: Jan 2006
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thanks everyone, i have a decision not to buy it. Because as dreamer says, 148k is a big amount for me.
And i have a plan that i will move to another house maybe another 6-10 years. So LH cant make a good investment for me now. I will go for FH house with higher price. LH will make me like paying "rental". Thanks everyone, appreciate it. |
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Mar 30 2009, 09:20 AM
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#3
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Junior Member
18 posts Joined: Jan 2006
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QUOTE(cherroy @ Mar 28 2009, 10:14 AM) Hope you make up a wise decision based on financial ability. I worry that i going to sell it after maybe 10 years. When the LH left about 60 years, the buyer might not be able to get loan or full loan from the bank, so i can only sell it to the buyer with cash. But you and me know that not much this kind of buyer around the world. In term of ROI, a lot of time, FH and LH makes not much different actually, some LH properties may be more valuable or appreciate more than FH because of location. Unless the LH left short LH tenure, like 30 years or so then may be, but if reaching that stage, LH properties should be quite cheap though. It is always a trade off between FH and LH. FH may be more valuable but you may pay high premium. While LH is may not that valuable, but you pay cheaper than FH counterpart. So we can't say which is good or bad just based on LH and FH. 70 or 99 years, we won't be around anymore.   Thanks anyway.. |
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