QUOTE(jason_chee @ May 17 2012, 02:37 PM)
great to hear your story. but in my opinion, Location, Location, Location is meant for affordable ppl. in other words, rich ppl. for poorer ppl, it's about price, price, price. the lower the better.
anyway, Donald Trump isn't always right.
i don't mind to invest into rural area for a cheaper price.
just my 2 cents.
Added on May 17, 2012, 2:40 pmlilac, in my opinion, go for something you're comfortable.
as long as u like FD, then go ahead and buy it. In forum, you can only get advice, advantages and disadvantages of FD. but the person who make decision, still is from you, yourself. last time when i bought a condo, lots of my relatives condemned me for overprice purchase. but what happen is, the price went up and after 5 years, i sold it off and use the gained money as downpayment for my landed property.
so, in my opinion, if you can afford it and u are comfort with FD, buy it. if appreciate a lot, then maybe you can sell it to get a better place. if depreciate, then you can stay there.
Location,Location,Location does not meant for affordable people only. Thats why there a need to do some study before u make up your mind..same like other investment. Why buy cheap share if u know it cannot grow..
When I bought my prop at DP, that place was nothing..only big hutan (orang asli just move out), the curve/cineleasure/commercial all not there yet..access mainly from LDP (small turn from the main road). No persiaran surian and surian tunnel. Connecting to Kota Damansara by a small road. basically nothing. if u come visit this place 10 years ago, U know what Im talking about. I did a research, ask around, only then I know I will be neighboring mutiara Damansara which will be develop by Boutead group. When to their office to see the master plan, and see that all commercial (big shopping mall/biggest Cinema/premium showroom etc)..Although this is only on paper, they confirm me its a 'sure' thing..I see the bright future. That time they used to call it PJ Golden area (until now actually). After all BU is just nearby and TTDI was already known that time. I know DP can take advantage of this.To be honest KD has more potential (upside appreciation) but since it was to deep inside from main access road (LDP), I opt for DP. Congrats who bought KD that time..
With merely RM800 extra money at that time for mortgage, I asked my GF (now HM with 2 kids
) to join loan. We manage to get the prop.. paying RM1200 to the bank..Refinance the prop in 2007 to get extra money to buy my 2nd prop. Now paying bank 1350 and rent my unit at RM1800.
So again I reiterate that Location,Location,Location is not for wealthy people. "Matured Location" is for wealthy people. The trick is to find 'potential location'.
Do not get too attach with emotion when buying props..Although if for own stay you might consider this too, a little bit (nice designed/good layout/beautiful landskap etc).
Same thing with share. Buy company before anybody heard about it...If you have AAPL share 15 years ago, you'll be smiling to the bank by now
May 17 2012, 05:49 AM
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..a bit subjective..to find it is like an art..but with little bit of luck too...hahaha..dont worry so much lerr..Apart from Bkt beruntung, I never heard anyone sold a house with a loss..atleast breakeven if the location is wrong..
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