this is damn good advice.

I share my stories as well. Im currently staying in a prop which i bought for 1.3mil in PJ back in 2011. That time, price still ok, but can see flippers starting to come in, over the years, the flippers came in force, cos areas like TTDI/DJ etc became too expensive, prices creep to 2mil....then 2.2mil...then 2.5mil. And this in turn attracted even more flippers to my area.

Now..its 2014, just 3 short years since i bought my house. The asking price is now 2.6-2.8mil for unreno, reno is asking for 3.2-3.3mil NO ONE IS BUYING...i count 6 props for sale within 1 km of my house that has been on market minimum of 6 months, 2 have passed 1 year. These flippers must be crying every month, cos its not a rentable area, ppl buy to stay only

at 2.8mil for a house, it makes more sense to put your market in klse, and just rent the damn place. i still see a few units being renoed to flip in my area..good luck to them. Malaysian prop market wont crash, but it will stagnant, and ppl will start lowering thier prices when they cant hold any longer, just have to wait and pick your jewels

eh no la..i been doing this a while. my first prop only 218k, cleared out me and my wifes EPF to fund the deposit. I bought it after reading very good advice in this forum

my 1st actual house was Rm418k in Damansara Kim, in 2007, sold it in 2012 for close to a mil and moved to my current palce

i didnt flip, i did my homework and sold out to buy cheaper, bigger property elsewhere.

When i bought DK, the same house across the street in TTDI was 700-780, DJ was 600+, but DK was deemed "lower class" compared to BU/DJ/TTDI. I bought it anyway, it was in my budget. I remember collegues saying things liek "yeargh..why u buy DK, DJ so much more desiarable"

When prices started going up, and i started seeing ppl selling 800-900, i knew it was time to go. I did my research, and found another area nearby that was also deemed "lower class" cos it was near cemetry, crematorium and LRT...sold my DK bought my current place...now few years later, ppl asking 3 times what i paid

You cant do the same now im afraid...my advice is to wait or rent in meantime, invest your money in KLSE etc. There still are places in older parts of PJ, like SS3 etc that you can find reasonable props

Broadly speaking,

Its cheaper to survive in malaysia vs european countries because of
- cheap basic necessities
- tropical weather (no need heating bills, no need winter gear to survive)
- cheap healthcare (rm1 at GH)

Its easier to live COMFORTABLY in European countries because of much higher Purchasing power. If you are on minimum wage, or middle class, you life would be alot better in UK/Germany/Italy etc. A fresh graduate can buy almost anything he wants on his first months salary, a years salary would easily get him a very nice car.

Broadly speaking,

Its cheaper to survive in malaysia vs european countries because of
- cheap basic necessities
- tropical weather (no need heating bills, no need winter gear to survive)
- cheap healthcare (rm1 at GH)

Its easier to live COMFORTABLY in European countries because of much higher Purchasing power. If you are on minimum wage, or middle class, you life would be alot better in UK/Germany/Italy etc. A fresh graduate can buy almost anything he wants on his first months salary, a years salary would easily get him a very nice car.