Asked by jeremy nicholas
I'm asking this two questions just out of curiosity.
My dad,age 51(2010) bought a 99 year terrace house villa verde at 1.1mil in 2009 april. Is that a good buy? cause the prices have risen to about 1.3-1.5 mil. he took 80% loan over 27years for the house and we've only lived for about year.
Is it wise to invest(for rental) in spottiswoode and stretch his bank loans further? because I understand that he only can take 70% loan now and have to fork out 30% which is about 210k if he intends to get the 1bedroom apartment at 700k. Have not factor in the furnishing and reno cost yet.
My dad,age 51(2010) bought a 99 year terrace house villa verde at 1.1mil in 2009 april. Is that a good buy? cause the prices have risen to about 1.3-1.5 mil. he took 80% loan over 27years for the house and we've only lived for about year.
Is it wise to invest(for rental) in spottiswoode and stretch his bank loans further? because I understand that he only can take 70% loan now and have to fork out 30% which is about 210k if he intends to get the 1bedroom apartment at 700k. Have not factor in the furnishing and reno cost yet.
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