不同

在06年底至07年頭，當時的按揭利率為4.75％，租務回報在5.4厘的水平．當時，散仔積極調動資金，全面投資樓市．買貨由年頭買到年尾，入市的速度及狠勁，令身邊人所咋舌．目前的回報是可觀的．

今天，按揭利率為2.5％，租務回報在5.3厘的水平．表面數據更好，但為何散仔對樓市的入貨意欲大大降低？

06年底時，散仔極力勸人買樓投資．今天，散仔只是叫人多睇多比較，自住的，好過交租．以投資銀行術語來看，評級是由增持降至持有．點解？

其實，主要不同之處，是散仔見到的大環境已經改變．

目前的低利率水平，實際上是反映全球經濟出現了問題．

究竟經濟走勢如何，物價會否進一步上升，生產力會否因此而下降，利率會否出現明顯的反彈，這顯然己經超出散仔目前的預計範圍．

中國在新勞動法實施前後，部份香港廠商已經關閉廠房．這將導致回流香港的資金減少．但這方面的情況有多嚴重，散仔亦都唔知道．

計入這些不穩定因素後，借錢買樓是否合理的投資選擇？對於保守的散仔來說，樓市的吸引力正在下降．當然，如果有筍盤，散仔都會諗諗．

散仔只可以重申，對大眾來說，樓市是高槓桿式的投資，睇遠Ｄ，睇濶Ｄ，保守Ｄ好．

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在討論區中見到以下的查詢，稍後回覆．

Mr.散仔,

Thanks for your sharing! I would like to invest in property and would like to seek for your comments?

TKO 城中馬尺vs Olympic station 柏景及維港 : Invest period 2-3 years (for renting out)

(A)I can afford TKO 2 rooms for 2.6 million but worry about too many supply for 2 rooms at TKO?I beleive 3 rooms is better but it costs 4.5 million that is too much for me (Invest Reason: Relatively Cheap; near MTR, near Taikoo shing)

(B) Olympic station 2 room for 4 million, 3 rooms is too expensive for me. (Invest Reason: near Kowloon station-Focus of Kowloon; good tenants; near MTR,) but pricey.

If invest at TKO, cheap price but afraid that the 2 rooms will not be good investment-(too many supply for 2 rooms)On the other hand, Olympic station, more expensive but for me a prime location.Any comments!

Thanks
AT