Hello All!..For those of ya..who are into property investment or even new house buyers..market has slightly slowed down amid Covid19. Here in Toronto where I am from..market seem to be still stable. I guess we will know..in up-coming months how the situation is going to be.
For those who are Aussies, Europeans, US and Pakistan...how is the property market in your countries?
Would ya invest in property or say buy new house or would wait until this whole Covid19 is over???
As far as people I know are concerned, I think it’s super tough for a lot of them to protect their existing investments, let alone make any new ones. The prices may come down but I don’t think they will be able to buy anytime in the next 2 years.
Yes I hear Japan has already put into affect Negative Interest Rates on Bank Deposits i.e. they started charging you a monthly fee for keeping money in Savings account...
Buy buy buy, as much as you can, I have gone into frenzy already.
Yaa…you’re right. Prices may come down. But again, but market like Toronto..the prices so far has been same. In Toronto and NY..there are Tenants who are not paying rent due to financial situation.
@Obama...well Canadian Banks actually lowered interest rates on Line of Credits and Credit Cards. And now offering lowered interest rates on mortgages. Not much but it helps...
@navzz....As decent said..prices may come down but it hasn't here in Toronto as of yet..so i might wait little. Average house prices are about 1 million plus here..
Mate, you don’t buy houses for investment, you buy smaller units and apartments for this purpose that you put on rent. If you have money parked in the bank for a deposit and you don’t anticipate any major expenses coming along the way then go for it. In about six months time there will be huge demand for rental properties and you could capitalise. I have investment properties in the Uk and Australia, believe me, purchasing your first always seems like a daunting task but then you get used to of it, and wiser as well. good luck
I am just entering to housing market and few dollars aside for investment in the future Insha'Allah. But good tip bro!
I'm no way a investor or a financially shrewd person but on one side I think its a good time to buy (assuming you have your finances well set), on the other hand yes the tenants are not paying. So who knows when will it be over. What if it comes in phases?
Don’t feel bad about yourself. Alan Greenspan (BA, MA, PhD), who was the Chair of Federal Reserve from 1987-2006 testified before congress in 2008 that he does not fully understand the risk factors of housing markets either.
any advice on investing in rental properties in USA ? I live near chicago
I don’t know why yo..this made me laugh!..good one..
**The rule thumb for buying Rental Property 
..One Old Friend once told me was to Multiply what you will **receive in Monthly RENT By 120 i.e. Ten Years of Rental Income!
**and Deduct 25 % from that! and THAT is what the Property is Worth!
See if that Works for you!
OR BETTER YET Ask our Resident Real Estate GURU Himself ** @Bobby1
If price to rent is lower than 20 than you buy
world bank and Cmhc think Toronto is very over priced
there are many factors, price to income, economic growth population growth
most population growth is immigration and COVID will reduce immigration
[quote=““Das Reich””]
any advice on investing in rental properties in USA ? I live near chicago
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Same thing look at price to rent ratios and future economic growth, look at future commercial developments, civic amenities, crime stats etc wouldn’t buy blue collar area, many are doing Airbnb if income is higher than bills a good idea
Also factor in future repairs etc, we allow legal basement suites and that adds to viability of home
**Remmember that Prime Minister of England has invited All (Rich Peoples) who want to move from HONG KONG to Britain!
and China Do want that Happening!
So England Properties will go up now!..
**
Prices in Uk are still stable huge demand for rental only worrying thing is people are losing jobs due to covid, it will take be tough times in next few years..