Both options above are illiquid and very long term commitments. Meaning if you change your mind, or have a need for cash beyond your emergency funds, it will be more difficult to sell these items to have cash.
Is demand still there for these units which will finish 2014, 2015 some even up to 2017? And is the property market heating up so fast with all these investment activities that anytime soon, price increases may just burst and do a free-fall?
Getting a condo over a car requires lots of guts and risk appetite. But for me, I’d rather spend on an investment with some comfort down the road, rather than spend for comfort now with only a depreciated car left after 5 years.
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