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

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yang1976
post Aug 7 2013, 06:24 PM

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QUOTE(MonsterPips @ Aug 7 2013, 06:10 PM)
I dont think i agree on upgrading thing.
I remember few years ago a 2storey terrace house was 400k and semid was 800k.
Although the 2storey terrace appreciate to 700k now, semid is more than 1m now.
How to upgrade?
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Upgrade to your affordability. Start up humble and dont over commit. If want a piece of property that worth Rm700k, you have to work hard for it either better salary or income yet the price wait for no one.

People who owned Rm700k market value house may have outstanding loan of Rm350k right now eventhough they bought it a few years ago. You cannot compare entry price of this kind.

This post has been edited by yang1976: Aug 7 2013, 06:29 PM
yang1976
post Dec 8 2013, 10:33 PM

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This is an interesting topic, but forgotten.

What say you?

 

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