Buying a

by **Maths Dude** » Sun Jan 16, 2005 10:44 am

Was thinking about getting cheap apartment and renting it out. It may return 4 or 5 % a year on my money, but its better than getting 0% now! I'm not into 'shares' and crap like that. And when I get back I'll have a almost free place to stay in :-)

. Comments welcome!

by **Watcher** » Sun Jan 16, 2005 12:22 pm

I think you better think this through a lot more... vacancy rates are pretty high.
who are you going to rent to? who is going to manage the space in your absence?

by **FG Lurker** » Sun Jan 16, 2005 8:03 pm

Maths Dude wrote:Was thinking about getting cheap apartment and renting it out. It may return 4 or 5 % a year on my money, but its better than getting 0% now! I'm not into 'shares' and crap like that. And when I get back I'll have a almost free place to stay in . Comments welcome!

The value of the apartment will likely fall over time. Unless you can make enough $$$ in rent to (more than) cover the property value loss it won't work out very well.

by **canman** » Sun Jan 16, 2005 8:50 pm

Watcher is right. Vacancies are really high, and people move in and out pretty quickly, always looking for a newer better place. And if you hire a real estate agent to take care of it for you, your looking at 10 000 a month regardless if the place is rented or not. Which doesn't really give them much incentive to rent it. Some mansions that were going for 100 000 a few years ago are lucky to fetch 30 000, I kid you not. Invest in another country or maybe even city, Inaka cities are a better value than Tokyo IMHO.

by **Mulboyne** » Sun Jan 16, 2005 9:09 pm

FG Thread: is buying a house such a bad thing?

by **NeoNecroNomiCron** » Sun Jan 16, 2005 9:15 pm

canman1 wrote:Watcher is right. Vacancies are really high, and people move in and out pretty quickly, always looking for a newer better place. And if you hire a real estate agent to take care of it for you, your looking at 10 000 a month regardless if the place is rented or not. Which doesn't really give them much incentive to rent it. Some mansions that were going for 100 000 a few years ago are lucky to fetch 30 000, I kid you not. Invest in another country or maybe even city, Inaka cities are a better value than Tokyo IMHO.

Where are these mansions hook me up. Seriously.

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