鲜花( 0) 鸡蛋( 0)
|
Let's make an easy example.
# y3 d k0 V" K; t" @, R: G- y* r F1 s8 a" j2 x& n
Suppose one person bought a house worth 100,000 last year. It's a two bedroom style. Q$ f' T- K: V2 |" B9 Q
After one year, he or she decided to sell it out.
/ H% s! H3 U' \$ z$ @5 w
1 ~+ s1 ~7 U+ @3 R2 z) f: m" HCost (expense):
/ t- Z( k8 F0 K8 h- R& iBusiness tax: 5%*100,000=5000 (please verify)
+ v" z7 W: F1 K; e# O5 ^7 {1 d1 O0 I4 o8 [/ S i' d
Mortgage interest: 5%*100,000=5000 (not only the loan interest you pay the bank, but the interest of inital payment of house should also be accrued)
. |* u( s L5 `) _4 R
; N; W# q$ Z3 P2 W$ z; zEstate agent fee: 1%*100,000=1000 (this part is neglected in previous statement)
( }3 H% x( E2 M# y5 n! {( H. b* q& v8 j4 e7 Y4 ~% D
Real estate management fee: 250*12=30003 z( N- r. X( M- ^" q7 c1 n1 _
Total cost: 14000
) g0 k6 s5 Y/ O$ f* y# z3 x' u4 I* s# x7 a
Benefit:% r# p' L5 Y9 X6 c& b% h0 V# S
The saved rental: 350*12=42006 [( ]- a3 T5 ]
The rental income from tenant: 350*12=4200/ r1 ~# w0 o; u5 Z* X
# m5 \3 E, u' H; RValue increase: 100,000*6%=6000
: A6 D, A. }6 v5 K9 R8 P, D; Z' p/ Q8 a; P
Total benefits: 14400
. G, M6 |6 l9 lSo if both purchasing and selling transactions are conducted in one year, just slight gain could be achived. So the edmonton estate market is not worthwhile for short term investment
- Y- J+ q4 J4 L- w( H+ _
4 J* j% y* b6 q$ c- H1 h8 M! i1 S[ Last edited by knptmug on 2005-3-8 at 07:45 PM ] |
|