GEN-Y, WILL YOU BUY & INVEST PROPERTY IN 2014?

Many GenY in my office are looking to buy their first home. They say wait next year. How about you? Are you planning to buy in 2014?

I will buy one more this year....

I think It's Harder to buy Property Nowadays with The crazy petrol price. Most Gen Y I know come out of school with PTPTN loan and they have to pay like a bomb to the government. They have to go out station to work which includes CRAZY petrol and house rental. Sorry if I offend anybody but it's a true story... It's not a matter if the "would" but it's a matter that they can or cannot.

Fresh graduate could hardly own properties on hotspot areas.
It really depends on the location they are looking at.
Evenso, if it is a good buy, a lot will be snatched by potential flippers/ rich tycoons who wants to get for investment.
Therefore, not many younger gen y is able to get a property.
JB area will be snatched by Singaporean
KL / Selangor hotspots will be snatched by rich investors/flippers immediately.

It is not a matter of whether would or not, its matter of can or cannot like stephanielum said

However, I might consider getting if my recent one can be rented out soon. Then next year will consider another one.

Nice so you're into property investment too? I really hope my son wants to know a bit about investment. Haha hope see don't see this post but fail to brain wash him. I think he's kinda too spoiled sometimes.

Parents pay down payment
Children commence instalment

soon there will be 2 generations, not gen x and gen y but:

1) generation renters (tenant)
2) generation home owners (landlord)

although parents pay for down payments,children also will very pain for the commence instalment.

if got opportunity sure want to buy, but ya, very difficult due to lack of funds and strong competition.

I regretted not entering 2 years ago when i just started working.
That time i was not influenced yet and kinda hard for me to manage my work in SG that time so didnt really think of property.
However, this year i started to look around. Kinda frustrated with jb property as the hype is way beyond craziness, i invested back in my hometown last week. Double storey intermediate terrace waiting for CF.

Once that is rented out, I will be looking for another property probably next year. Lol... Need to keep my bullet for next purchase after i change job mid next year

lol

Well, true, most cases parents pay down payment for the kid to get a property.
But, I guess not all would want that. Same case for me.

I didn't want any financial assistance from my family. Insisting on getting it on my own. Even if it ain't easy, it makes us appreciate things better

I think the most difficult part is down payment, installment is difficult at first but still manageable with proper planning and usage of salary.

so fresh graduates and gen x or y can only aim new launch properties but those good ones very fast finish.

I agree with the regrets but for some people, but if you're really inside the property investment game you'll know how you can make money in down or up market just like robert kiyosaki said. It's not there's no good deals out there it's just most people haven't look though enough deals and made early conclusion.

how much the down payment for your property?

robert kiyosaki himself is not doing so well now.

how many fresh graduates can actually have the fund to play the property investment game?

Well of course there're some set back I my self lost around 1.5 million for making some ego mistakes but I learn my lesson bounce back and made 3 times as much net worth in a half the time I spent.

yes, I agreed. Set back is a set up for a come back.

I hope to invest but i don't have enough capital and don't know how to locate good property to buy for myself.

10% downpayment. lucky the house is rm328k only.
But price is ricing rapidly. I missed the early boat for my hometown.
So i am just following the tide now.
Earlier on, semi d is only 350k or so end of last year
Now, it is 550k-600k.
I cant believe how much the price has inflated less than a year in my hometown.
Double storey terrace from same development was launched at around 260-2800k end of last year. now its 428k last week i asked.

Paid down payment 10%, next will be the legal fees etc maybe 8-10k. Then renovation probably 40-50k.
Lucky i kept enough for them within this 2 years of working