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Investment YOUNGSTERS, PLEASE RENT FIRST BEFORE BUYING..., Dont rush accumulating unaffordable debt

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ecin
post Aug 2 2013, 02:25 PM

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QUOTE(iloveuforever @ Aug 2 2013, 01:48 PM)
Buy more please... i want to see more bankrupcy...  drool.gif  rclxms.gif  rclxms.gif  rclxms.gif
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lol

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QUOTE(accetera @ Aug 2 2013, 01:56 PM)
What I feel is too many people like me who are barely afford "luxury" properties are BBB.... just like those cars (thanks to PaulTan).

We need to RENT first and TAKE public transport first. Priority is that if it is convenient enough.

(Don't udstand why ppl die-die BBB property so far away from their workplace and expensive at record prices. It would have been better if they rent near their office first.)
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+1
ecin
post Aug 2 2013, 04:07 PM

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IMHO, ppl who say Firmly I'd rather buy than rent statement (but many youngsters want to buy out of their affordability):

It's normal, it could be due to,
1. never experienced/never tried to know 1998 economic crisis, back then the rental vs installment vs interest rate all were at different mathematic outcome
2. been influenced by recent years seeing the price UP UP UP .. yahoo!
3. etc

A real case:
Recently with my fren I've seen a lady very happily viewed a 650K house, really I can't put it into words how excited she was from her words & gestures.
She seriously wanted to place deposit already, want 90% loan.

When it comes to profile checking, she said she is earning RM2300 a month gross pay, on-hand commitment is RM600 per month.
Then my fren tried to help her further by asking if she considers joint name with her husband, she+husband is earning RM5000 per month gross pay, Commitment: current apartment paying RM800 per month & just bought a new Branded car monthly installment RM1500.
Currently on-hand Commitment altogether: RM2900.

What do you think about this case? This case of course can't pass.
The above is just to share some youngsters they're just never consider about consequences.

This post has been edited by ecin: Aug 2 2013, 04:08 PM
ecin
post Aug 2 2013, 06:59 PM

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QUOTE(AMINT @ Aug 2 2013, 05:38 PM)
yes. why buy. rent first la. scared youngsters get screwed on first buy. please pm me if you wanna rent in kl, setia alam, alam impian, kajang or puchong.
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laugh.gif

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QUOTE(matthewctj @ Aug 2 2013, 05:01 PM)
To accurately put it, they cannot afford the home they dream of or desire. A young professional thinks that because they are professionals, they must buy a property that fits their lifestyle, instead of buying a property to suit their income.

Fact is, if someone is earning RM3,000, there are properties for them such as Low Cost Flats since they fall under the category where they qualify. My first property was such and it cost me RM310 monthly installment over 10 years loan.
But instead, they want a bachelor pad. There are old houses that they can buy for under RM200k. Liveable with touch ups and renovations. But instead, they want a brand new G&G landed.

Yes, people want the best, but they should buy within affordability. I want a BMW now, but I can't afford it with my income when I have other commitments. Some people, die die also must find a way to buy one even if it means little money left at the end of the day. Enough for instant noodles.

There are properties for most people. It's their expectation that must drop.
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+1

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QUOTE(tyshu @ Aug 2 2013, 05:33 PM)
Speaking about low cost flats, TBH, I would not choose to stay there neither would I encourage someone to stay there.

With all due respect, I'm not saying that it's lowly in terms of status and what not. But, with the crime rates on the up side through the recent years, I really doubt that it's a wise choice to do so.

I think people are spending money to buy security nowadays. Well, not to say it's crime proof, but a lower chance of getting mugged or unwanted stuffs to happen to us, or our partners and also eventually, our children.
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bro, I do not disagree you, but you must never been / not even know / not even seen poverty


ecin
post Aug 8 2013, 04:39 PM

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QUOTE(zoldane @ Aug 8 2013, 03:51 PM)
buy more pls
specially the gen y ppl
buy, owe first talk later

i will see u in property auction later
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lol
ecin
post Aug 16 2013, 04:30 PM

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QUOTE(Seremban_2 @ Aug 16 2013, 04:36 AM)
Buy property also buy the near the better to KL as capital appreciation more like increase than those in seremban.
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definitely

 

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