Dear Dr Tong,

Please buy in Queen's Club.

有些今天想買樓，又沒錢買的人，三年前為什麼不買？

因為他們仍未畢業，未就業，或初入職，沒能力買。或因為相信「寧買當頭起」，認為不是置業時機。

當樓價上揚時，這些人錯過了上車的取好時機，價位升到「食塵都食唔切」。

從前，小弟也遇過同樣情形，買不到樓，只有認命。鬼叫自己沒有把握機會，或賺唔夠錢，只有租住先。

我唔會怪炒家，他們都是冒很大投機或投資風險。都係搵食啫。

大炒家，叫做股神。小炒家俾人叫「衰神」，不公道。

不少人在2008、2009年將自住物業出售，冀望稍後當樓市下跌時再回購，嚴格來說，他們亦是炒家，不過他們炒樓市向下....... 供樓息無成本，13億同胞又對香港樓大需求。當時賣左自住樓去租兩年樓住博反低的人不呈，真係天有眼。我睇租金甘貴，你地又上吾番到車、又無公屋住，真係好難頂下去。我有個吾等錢用的地產同行2008年尾賣左層自住西環珍珠閣280餘萬，食左山楂麥芽話一年後跌番20%再買番。富人區、好校網區、西港島地鐵線區的上車平價盤跌20%？到今日交左20萬租自住，層樓就值400萬。

要求打擊炒樓的人，
他們其實是炒家
而且是最無恥的炒家。

因為他們要政府做球證，同時也要做球員，幫助另一方。

我亦都睇過湯先生的好多文章,好高興見到有時佢會提一些平時議員都不會提的問題.因為議員考慮的,係選民點諗,如何提高知名道.

今時今日,好多人都講樓價貴,買唔到樓,其實只係買唔到佢想買的樓.試問下,係新界今時今日都有好多二佰萬以下,所謂的上車盤,但係好多人都唔會買,因為佢哋唔想係新界.

曾幾和時我哋都有聽過有一聽眾致電曾特首,投訴買唔到樓.女的講佢係醫生,佢男友係律師,你講得有幾成真.我覺得係可信的.不過問題佢講的樓係咪我哋講的.

亦試想下係2009金融風暴期間,政府曾試賣剩下居屋,小弟都有申請.不過就抽唔到.但因為金融風暴關係,居屋當時幾便都無人問津.今時今日,大家又因為買唔到叫政府起居屋.樓價到時升當然係大家想見啦.如果跌,甘又點,咪又吵.

講番轉頭.小弟都有啲地產朋友講,現今入市,一係用家(不過就极少數),一係就抄家.因為有錢,佢哋可以等,或者見到業主肯明顯減價,先入市.到頭嚟,又咪係佢哋得益.

我非常支持曾特首係呢件事上的立場,尤其是8萬5的經歷真的太過慘痛啦.

睇個題目以為有野睇.....點知睇來睇去都係未到題......

It is interesting that we still think medical doctors and lawers have no reason to " cannot afford a descent apartment ". 

Say Dr Tong surely have the money to buy in the whole lot of Queen's Club, but why Dr Tong not doing this?

It is something about value.

The real estate is over-valued !!

現在最想樓價跌的人的而確是d賣出樓等樓價跌的一群。本人也是靠樓收租，生活，還貸，其實辛苦自己知。近2年來的租客50%是d賣出樓的舊業主，他們以為樓價太高了，賣出博跌，其中有些以前有過類似經驗，博贏左。鼎不知今次大窩，低息環境，加上全世界印鈔票，樓價拾級而上。 要承認這些人好慘，因為租金2年輸出幾十萬，賣出概樓得反來d錢可能再上唔到會，變成唔見左層樓。但鼎講都好，他們都是炒家，名副其實的炒家，連投資者都唔算，只不過他們炒濃左，好似股票炒濃都要自己負責，沒有理由炒輸左層樓就要政府買單，要其他投資者為他承擔後果。

當今政府聰明很多，沒有去製造8萬5政策來推愣樓市，令市民受難，眾多負資產者跳樓燒炭。 但政府也應該讓所有當今投資者也好炒家也好，了解香港畢竟是自由經濟市場，投資是有風險，而風險是要自己承擔。政府出面干預樓市，是人為風險，不是香港體制下的自由市場經濟應該發生的事情。 我多年前來自大陸，當時很高興香港的體制，不斷告訴海內外朋友，說香港如何好，其中最令我喜歡和願意留在香港生活的除了溫暖的氣候，中西文化的合璧，以及美食天堂，shopping天堂等等，其實最重要就是這個社會有法律有制度有遊戲規則，投資只要分析經濟面，做好市場分析，技術分析，而不需要像大陸那樣，主要面對的是人為人事的風險，政策政變的風險，無法預測，也無技術分析。

想不到現在香港越來越像大陸，本人之前幾年還在慶幸香港沒有調控，把資金從大陸撤回香港的時候，卻原來香港政府也學來一套，所謂打壓樓市，制定新的稅務政策，直接高姿態的介入市場經濟，而且毫無顧忌。 政府將自己變成一個踢球的中鋒角色，偏幫一些炒輸的炒家，懶惰的費青，打擊一批在投資生涯中為政府作出很多貢獻，至少在政府稅收，就業率等方面作出重大貢獻的，也在投資風險中誠惶誠恐生存下來的純良業主。更不用說，高樓價本身是建立在高地價基礎上，政府豈能在高價賣出地之後馬上推低樓市，不但業主會變成負資產房屋，發展商大概也要變成負資產地皮。

政府如若繼續無良，200萬業主選票隨時變成上街遊行隊伍。

In my humble pt of view, the most important factor for the real estste market keep rising, is the limited supply.

Imagine, if the Government  keep supplying 50000 flats/ year, not to mention 85000, instead of less than 10000/ year, what would be the property price?

If the high property price is the result of a skewed policy. I think the Government has a social responsibilty to correct it. 

It is un-ethical to keep the property price at a sky high level by limiting the land supply just because someone have bought it at a high price.    

Sorry, i can't agree with u.  As a 80's, i have been working in the society for 7 years after university graduation.  I has been working very hard to save money in order to buy my own property (as i am now still living with my parents and siblings).  However, the price has been going up to an unaffordable number.  Please be fair and think about why the price has been going up to that high.  It's mainly because the lack of proper control being made by the government.  Most of the officials are owning their properties and indeed, they are the investers. They will not allow the property price go down let alone do something to stop the price going up unreasonabily. 

To LI,

I am sorry that I can't agree with your point that the rocket high of property price is because of th limited supply.  In my humble point of view, high property price is more be the result of surging demand.  Why the demand is surging??  The followings are part of the reason:

1. QEs of US

2. Low interest rate environment

3. Wealthy Mainlanders 

4. Local demand, most of demands are driven by the wealth growing effect of the property appreciation.  So, the demand will also die down when the property price keeps going down.  This was verified by the low transaction volumn from 1998  to 2000.  In 2008, before and after the financial tsunmi, the transaction volumn was also very low.

As HK government, it is really a bit difficult to predict the demand for property given all factors are uncontrollable and could change in just a few months'time. The so called demand are so "fluid".  And a new property policy needs a few years to take effect.  So, it's always easy to talk than do.

To LauLau,

You set a good example to those 80's by working hard after your graduation.  But, you need to be patient and keep working hard and save your first bucket.  Wait for the opportunity to come and grab it.  Property market is a cycle, it will have its ups & lows when the macro environment changes.

I am a 70's. I have lots of peers most of them are university graduates and some even masters graduates working hard for around 20 years.  Quite a number of them are still non property owners.  But they don't complain, they know well that they are still non property owners because they are not bold enough to buy a property when the property prices was in a low side.  They simply missed the opportunities.  They are waiting for the property prices to come down.

Don't ever ask the government to control the price or the property market.  We had already experienced the darkest days from 1998 to 2003.  The man-made disaster of 85,000 by Mr. Tung had already resulted lots of broken families. The property market is one of the pillar to support the whole HK economy.  The shaking of property market will shake the HK economy and resulting high unemployment rate.  Let the invisible hand to do its work.

It is radical to label those not holding a property as " useless", " garbage".

Most of them are doing very hard and well at a particular aspect. They are just not involving into the game of property bubble.

Just like the young medical doctor and her lawer boy-friend. I simply cannot link them with "useless", " garbage".

HK property market requries a wise government to make correct decision ;

 The chief executive should be wise enough to judge what is happening and take correct action.

Never build HOS ! Don't believe foolish political party. Never trust any democrats politicans, they are the two head snakes.

Shortage in Land is one reason, but definitely not the only one, Land has never been enough in the past, why the property price still drops rapidly between 98-03, Think about it.

Why is the demand going up ? Where is it come from ? 

I think the drop in 98-03 is a result of surplus in supply.

On the contrary, the demand is similar for the past decade.

This is reversed by Mr Suen's biased Land Policy in 2002 which greatly reduced Land supply.

湯博士，多謝你講出公道話，很多人也支持你的。 香港須要你!

忠言逆耳(5), 我身邊也有很多這些例子。很有同感!

向泛民說不,我一直也有留意你的回應, 很對, 很有力, 請不要放棄。

賣自住樓的小業主沒有損害其他人的利益, 但都被29樓稱為無恥炒家

果D希望樓價跌以方便自己買入==>損害了其他人的利益, 這些未來炒家人更加無恥!!

今日將賣自住樓的小業主當成炒家(湯博士少有的敗筆), 他日做左業主就自然成為炒家(按湯博士的邏輯), 除非業主到死果日都唔賣, 一個業主死左, 另一個業主賣樓, 另一個業主都被當為炒家, 除非佢到死果日佢或者遺產承受人都未再買樓!

根據廢青定律,你有樓就係無恥,官商勾結,地產霸權

佢地無計算樓價遲遲不跌之下的長期租金支出，而低息令供樓的利息成本大減，兩者差距(「負利率」下常見)，係佢地除樓價升值以外的另一筆「損失」

賣自住樓者最好三思

If a man bear the title of PhD, control billions of assets, boss-hood of thousands of familes.

He must be deeply blessed by the God.

What he is doing should be glorifying the God and his dear fellows.

It is no point for him to broadcast some irresponsible comments simply for his already HUGE interest.

I would never believe the property price would drop, only when most of local residents leave HK and I would never think those people refuse to go into a Bubble are " Garbage".   

香港現在有一半人是公屋住戶，這些都需要透過政府財政來補貼。問題是香港人是不是那麼不濟，有那麼多人需要補貼。不要忘記補貼這批所謂的公屋戶不是來自最富有的階層，而是來自為口奔波的小業主。

小業主已經非常艱難啦，點解還要政府利用行政干預，讓樓價下跌，去迎合一小部分人的置業需求。而事實上現在市場上仍然有不少上車盤連做保安，也有能力購買。

如果你看淡，不願意入市，我們尊重你的決定。但是如果你看淡，你又不願意承擔風險，卻要全香港的小業主來承擔下跌的風險，滿足那些無膽的渣滓來置業，那就是垃圾。這就是炒家中的敗類。

Hi Laulau,

Eventhough you're trying so hard to share with us your struggles & viewpoints as a 80's, sorry still cannot quite agree with you that hard-working is not gonna pay-off.  You've been working for only 7 yrs & these intial yrs are valuable experience to buiild up your career & selling-point.  Yes, everyone has got to have certain selling-points & strengths in order to survive. 

I know a friend who's an accountant-to-be making 15K per month that could save the $$ for downpayment(of coz' he targeted Yuen Long 2-3Kper sq ft).  Now he paid off his apartment already.  You know how he saved?  Bring his own lunch box outside, take one more PT job, invest $$saved in stocks......He paid only 10% downpayment only so that makes sense. After buying, sorry in just a few yrs time, he already paid-off!(he's the smarttest 80's I've ever seen) 

Maybe you're still saving downpayment, it's a matter of what you aim at& how you do it!