Suppose you borrowed $500,000, almost all net gain is actually buried in the principal payment.
You will have to inject cash if there is any vacancy.
However, it is not bad, you are doing quite well. After all, this is Vancouver, where cash flow negative is a norm, and you will capital appreciation in the future, as long as there are cash inflows from who knows where in the world, which is currently mostly from China.
Haha, I am not saying it will not go down, but Vancouver in Canada is comparable to San Francisco or New York in US, San Diego in US is not comparable to Vancouver in Canada.
For the record, price in Vancouver did go down with the financial crisis from 2008 to 2009.
只有一个出租房,在温哥华最贵的地方之一。
A two-bedroom apartment, about 900 square ft.
For the past 6 month:
Interest: $6,247 ($1,042 / month）
Property tax $746.50 ($124.41)
Condo fee $1,608 ($268) (similar to HOA in US)
Other, repair, etc $400
Total cost: $9,001.50
Rental income: $13,500 ($2,250)
Net gain: about $4,500 (downpayment for this condo: $150,000)
十五万的投入，即使没有空置，每年也只有6%的回报，太低了。要是房价不涨，这绝对不是什么好投资。
回报是不高。加上房价升值才2％，但是这钱放在银行利率1.1%。
你最大的风险在于房价下跌。上涨少一点还可以接受，但如果房市转软，condo 的下跌幅度将远远超过 SFH。温哥华也许是个特殊的地方，但俺不相信世界上哪个地方的房价是只涨不跌的。而进场的时机主要取决于运气。俺祝你好运。
Suppose you borrowed $500,000, almost all net gain is actually buried in the principal payment.
You will have to inject cash if there is any vacancy.
However, it is not bad, you are doing quite well. After all, this is Vancouver, where cash flow negative is a norm, and you will capital appreciation in the future, as long as there are cash inflows from who knows where in the world, which is currently mostly from China.
是领导向银行借了450，000。
在温哥华房地产投资需要大钱，比如买块地，一百万，盖个房，五十万，二百万卖掉。每年做一次。泡沫还要延续十年，中国的富翁太多。
认识一虎妈，在有海景的地方几年前买块地，三百万，盖了大房，可能花了一百万，去年卖了一千万。
朋友有时候问类似的情况，我会反问她们：如果房价掉了20%你们会怎么样？如果夫妇一人丢失工作了又会怎么样？如果掉50% 呢？如果都失业了呢？不考虑好最坏的情况是不能贸然行事的。
这里还是有负现金流赌升值的。其实大多数的国内投资人都是这样的。因为他们只经历了房价迅速涨值得过程。不知道将来会有多少人的投资会被吃掉。
哈哈，难说。朋友温西的新房上市半年多了，只有看的，没有买的。你说的虎妈卖的时间掌握的很好。
中国人富不富，取决于中国的房地产价格。
不过希望你说的是对的。
去年BC除了大温地区，基本都是降的。大温除了华人影响的区域，基本都是不涨的；大温的最外围，都是降的。
annuityor annuity for the same or better return with zeo risk. Plus, you will loss money if you have it vacant for a few weeks a year.
Sell it! Well, if you can :)
If you know Vancouver, then you will say his investment makes sense.
Remember how hot the RE market in Sad Diego was? Lots of houses are 50% down from the peak.
Haha, I am not saying it will not go down, but Vancouver in Canada is comparable to San Francisco or New York in US, San Diego in US is not comparable to Vancouver in Canada.
For the record, price in Vancouver did go down with the financial crisis from 2008 to 2009.
Agreed, hope I will get out of the market before then (10 years?).
The most expensive housese in Vancouver, which pushes the whole area up:
to burst sooner than later.
Well, hope I am wrong. Good luck. Healthy cash flow makes me feel more comfortable.