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 Your Worst Property Invesment, Share your story

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saigetsu
post Nov 6 2010, 12:39 PM

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Joined: Feb 2010


QUOTE(rakyat @ Oct 14 2010, 02:22 PM)
My own house bought 10 yrs ago during the peak, was inexperience and kena conned by agent's "If u don't pay deposit now, some1 else wanna take oredi"

The bardy 15 yo house at that time bought at RM235k (asking was RM240k, got RM5k discount only) after 10 yrs can only sell RM250k to RM280k rental RM800 per mth. Sumore facing west!!! Go 2nd floor in the evening like masuk Sauna!!!

Oso lotsa problem such as roof leakage, tiles poping up, toilet rosak..... oredi spent >RM60k to fix, insulate roof & minor renovate. If sell today, not only lose opportunity cost but oso renovation cost.

Worst investment ever
*
which area ur house is?

 

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