Let's talk Finance: Is this housing market insane?! (這個房地產市場瘋了嗎？)
I know it is pretty hard to compare the housing market in Hong Kong, Tokyo and other cities in the world, but this news is just absolutely insane. So here is this house, in Mission Fremont, was pretty much vacant for so many years, there are water leakages from the roof, mold problem, even the seller real estate agent describe this house is "totally unlivable".
This is the ad: "Build your Dream Home, Beyond FIXER, Home is CONDEMNED, Enter at your own RISK. Perfect neighborhood to build a New Mission Home on this lot after demolition. With a second story home you will have a Possible View of City Lights and Bay, there is a View on the porch. CASH only. DO NOT go there WITHOUT AN AGENT."
Within the day after posting the property, the real estate agent described he has received "nonstop phone calls and emails from the day it posts until the day it went pending. Nonstop from morning til night." The house end up sold for $1,230,000 USD, which was about $250,000 USD more than the asking price. Talking about insanity!
We were blessed financially that we were able to buy our first house the year before we got married, within the past 5 years, the house has already seen a more than 100% increase in price. It is all timing... It is all timing... What goes up, must come down, wait for the circle, and wait for the market to correct itself. Don't rush.
我知道很難比較香港，東京和世界其他城市的房地產市場，但這個消息絕對是瘋了。因此，在Fremont 這座房子空置了很多年，屋頂出現漏水，黴菌等等問題，甚至賣方的房地產經紀人都形容這座房子是“無法棲息的”。
這是他的廣告詞：在維修之後，你可以建立你夢想中的屋。 房子很爛，要進來的要小心，受傷了我們不負責任。這是一個很好的社區去建立你的基地，當然先進行要大整修。如果是蓋兩層樓的房子，你可以得到一個大街景，看到最美的灣區。只收現金。備注：最好在你的房地產經紀人陪同之下進入房子。
在發布房子的那天，經紀人稱他從那一天起就收到了“不間斷的電話和電子郵件”，直到它賣出的那一天。房屋最終售價為123萬美元，比要價高出約25萬美元。瘋狂！
我們感到非常幸運能夠在結婚前一年購買我們的第一棟房子，在過去的5年中，房屋價格已經上漲了100％以上。這是時機......時機...... 當你談論投資時，不要急於求成。
Cheers!
Stephen
(Joshua 24:15)
