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Investment Cost of buying a house and sell it later?, Breakeven after house completion

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dreamer101
post Apr 29 2009, 02:39 PM

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Folks,

What happen if the developer abandon the house half way?? This happened regularly over the last 97/98 recession. You will be stuck with house payment in an half completed house.

Remember a developer always start a new company to develop a new housing estate. So, they can bankrupt that company and abandon the development without hurting the main company.

Buyer beware..

There is a half completed condo building next to Klang Jaya Jusco. The buyer of the condo is still paying the loan.

Dreamer

This post has been edited by dreamer101: Apr 29 2009, 02:39 PM

 

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