回复：My take on 房子本身创造价值吗.

Although the house can not create value, it transfers value from other people to my pocket. As I am not a rich person, I don't have needs to keep my money's value, but I do have needs to get rich. What can I do other then go to work every day? I borrow money to buy houses, and rent them out. Recently, I snapped a deal in Vancouver BC, which I fully borrowed money, and rental covers everything with $100 positive. Maybe it is laughable for US landlords, but it is good for Vancouver market. After 35 years, even the house price drops half, since it will fully paid out by rental income, I still win at the end, because when I started, I have nothing but end up with a house which can bring me rental every month.

This is called "Other People's Money". I don't know why murmur.on.hudson can not see this concept. I guess he either does not understand real estate at all, or simply wants to confuse people so that he can sell his book.

所有跟帖： 

• to buy a house without knowing what inflation can -murmur.on.hudson- ♂ (332 bytes) () 09/18/2010 postreply 21:16:08

• 回复：to buy a house without knowing what inflation can -VanSmallLandlord- ♂ (549 bytes) () 09/18/2010 postreply 21:33:05

• to get sth. with nothing? what a novel idea. -murmur.on.hudson- ♂ (246 bytes) () 09/18/2010 postreply 21:51:30

• See!!! you know nothing about RE -VanSmallLandlord- ♂ (31 bytes) () 09/18/2010 postreply 22:30:16

• John Paulson 是典型的甭相信所谓"大师"的例子 -murmur.on.hudson- ♂ (293 bytes) () 09/18/2010 postreply 22:13:33

• same arguement: -VanSmallLandlord- ♂ (415 bytes) () 09/18/2010 postreply 22:41:09

• check out facts before u make a statement -murmur.on.hudson- ♂ (540 bytes) () 09/18/2010 postreply 23:30:24

• Again, I have no money -VanSmallLandlord- ♂ (407 bytes) () 09/18/2010 postreply 23:54:23

• Agree, housing crashing is because credit contraction. -天下无马- ♂ (164 bytes) () 09/18/2010 postreply 22:49:31