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Investment GEN-Y, WILL YOU BUY & INVEST PROPERTY IN 2014?, More and more Gen-Y buying their first
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matthewctj
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 Sep 10 2013, 07:03 PM
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QUOTE(xiaojie88 @ Sep 10 2013, 06:02 PM)  its ok la... it is not easy to find a landed that both of us also like... diff ppl gt diff goals... 5 years later perhaps my house would appreciate till a million... or 5 years later i will be getting another million dollar home... how u define cheap? dont think got cheap property now... too bad i was born alil late and wouldnt be able to grab a cheap property..  I think what she meant was, if you are looking for long term, you should have bought something cheaper so that you have more funds to be used towards investment. Just bear in mind, in 5 years time, if your unit goes up to RM1 mil, it is only on paper value. And even if you sell, the same size property will also be be RM1 mil. First home isn't considered investment in my opinion. As long as it doesn't generate you income, it's not an asset. Because if you sell this asset, you have no where else to go that you can call your own. So, the term investment is very loosely used these days. Buying a first home to stay isn't an investment. It's an expense. |
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matthewctj
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Sep 10 2013, 07:33 PM
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QUOTE(lord_drake @ Sep 10 2013, 07:05 PM) There's nothing to be ashamed of getting parents help. I for one did not have the luxury and had to struggle to buy a property and wished that I could get some help when times are bad. Getting help from your family members does not make you a lesser person. This is very true. People needs to be humble in tough times. There is no shame in receiving help from people who loves you, as long as you value that love that is given and not take it for granted. |
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