A lot of people like to buy property for investment only.
I don understand.
To get 4% yield is hard on properties
I dun understand also. 😛
4% is a dream… 3% (gross yield) is already very good. 😉
And if cannot rent out, it is not 0% but negative because still must maintain. (Vacancy rate is so high now) 😛
Ask these people to buy Martin Modern by Guocoland, OK? 😛
(Yes, I know. Bad AK! Bad AK!)
My mom 5 years ago bought a condo on impulse.
The rental from initial $2,750 drop to current $2,200.
Still must pay maintenance, property tax, tax on the rental income etc.
Negative return …