Hi All
I probably made some mistake to have sold 5 of 6 IPs at the bottom of the cycle (this year). I have been thinking of getting in the game again.
Stevens' comments on rates made me worried a bit. I have done some in depth research on property prices and found a lot of properties (90%) have tripled the value in the last 10 years (used current bottom price againt 1999-2000 price. Can this sustain?
I also done some research between 1989-1999 and found the property value was almost flat. This makes me think ---- could property value stablise at current market condition for another 5-10 years afte boom in the last 10 years?
Obviously, vacancy rate is up and rent is down. Now the rate is up. Would property value go up in the short term (5 years)? or it would be like 1989-1999? The residential IPs I bought were for capital gain not for cash flow because the return is just too low. If there is no hope on capital gain, I would not think of rushing in the game in the short term.
I probably made some mistake to have sold 5 of 6 IPs at the bottom of the cycle (this year). I have been thinking of getting in the game again.
Stevens' comments on rates made me worried a bit. I have done some in depth research on property prices and found a lot of properties (90%) have tripled the value in the last 10 years (used current bottom price againt 1999-2000 price. Can this sustain?
I also done some research between 1989-1999 and found the property value was almost flat. This makes me think ---- could property value stablise at current market condition for another 5-10 years afte boom in the last 10 years?
Obviously, vacancy rate is up and rent is down. Now the rate is up. Would property value go up in the short term (5 years)? or it would be like 1989-1999? The residential IPs I bought were for capital gain not for cash flow because the return is just too low. If there is no hope on capital gain, I would not think of rushing in the game in the short term.