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

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lowprice
post Aug 5 2013, 11:21 AM

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Joined: Oct 2010
QUOTE(BeastB @ Aug 5 2013, 12:15 AM)
If I followed this advice when I graduated 5 years back, I'd be seriously crying my eyes out right now.
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Haha you were right. Let me be specific why this thread will only beneficial for investor.

1. Current new properties projects launched like a 'mushroom'. Investors will afraid whether their property can be sale/rent after property Handover to them.

2. If you are fresh graduate and this is your first job, then you have no choice just go for rent (room, not entire unit unless share among mates).

3. If you are investor that hold more than 1 unit, then should take precaution in this current overheat market. You must have sufficient holding power especially if market collapse, I mentioned IF!

4. This thread mentioned rent first - does it mean property values will drop then only buy? For instance, right now most of project unit (800-1000sft) sold rm500k during launched but will it drop less than 500k? Shall we wait for market downturn or even oversupply will helps on price drop?

So if you think you have sufficient 'bullets' or for own stay, why still WAIT? Wait durian runtuh?

 

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