Haha, I guess I'm just not a billionaire status like u...

This year? How much?

What i mean to say is. Most people dont have the safety net of say 1 or 2 years of personal expenses in the event of a major crisis in their lives. What more with the burden of 2 to 3 properties.

If u have 1 or 2 years of negative cashflow of 4 to 8k per month out of the next 30 years, ur property portfolio will be worth almost nothing. Unless u r earning 6 figures a year. Especially if this happens when the market is slow and it gets auctioned off significantly below what u paid for it. Maybe u will have some capital gains, but that will not cover the interest u paid.

U just need 1 or 2 bad years out of 30, and ur portfolio can turn to dust. Overleveraging is a real problem. I do believe that in the past these 30 year loans didnt exist.

A 1984 crisis, or a 1998 asian financial crisis, where the economy really suffered. That will be interesting to see what happens to the property market.

yeah... stocks also depends on the products you invest also... some stocks make more money with higher risk... while some are dividend yield stock... for ppl who want better than FD rate only...

buying for your own stay... value and budget is not always the only major factors... you can buy a property very good for investment... but u may not like to stay in that... some ppl say if u like to stay... then tenant market also will have a pool similar like u there in case u duwan to stay...
and yea property really require alot of studies... high risk products... sure need to study more... no choice... haha

Now is probably a better time to buy than say 2014 or 2015 though.

1998 financial crisis... my dad just a normal salary worker with 3 properties... he didnt go bankrupt nor my family have the need to cut off alot of expenses though... the other 2 are renting out... and the tenant remain the same until the day he sold his investment properties even after financial crisis...

in the past there are no 30 years loans... but they are in a higher interest rate than now though... and you cant assume everyone in negative cash flow for 4 to 8k... rental market is still there... and rental still able to cover more than half of their installment...

those that really overleveraging u will see them in lelong market... but how many lelong units are there compared to the total units offered in the market now...

No, I bought it in year 2016 Q3. RM600K++ after discount.

Malai actual debt Wat amount ar???

Fact is fact thou differ in perception does count. Ngam mou???

Short cut can be moving post fr desktop to laptop

Woo not bad . Nice

Dia mai dah copy paste on noted post at every thread hahahahaha . Property hurts you a lot I suppose

6 figures a year ? 200k or 800k . If 200k I think any Ali or ah beng also got la . Just 18k a month .

How many ppl u know earn that much. Many ppl earn a lot spend a lot also.

Of course if u r making 18k a month then by all means. Get a few prop la. I also heard of ppl work in sg everywhere year buy 1 condo in malaysia. Most ppl is not like that.

All of my friends earn around that . 6 figure a year is a mass income I think . Unless you say 6 figure a month but no wow factor also . A lot of 80’s earn 6 figure a month ...

Depends on who u r hanging out with la. But i believe most ppl here are not talking about that.

Sounds like u r showing off.

Not showing off I just tell you what I feel . 6 figure is nothing a year .

I mean below 300k is nothing a year

Dun understand what has orher ppl earned got to do with one's intention to buy properties.

If my only friend is joe loh, i probably see malaysia in different light

2 or 3 properties?

I thought yr concern of 1 property with loan tenure of 30 years, no?

Gearing issue is another topic alltogether

If u dont have the disposable income where ur property can be untenanted for 1 year then yes. 1 property.


Edit: ur instalment period is for 30 years. However 3 months of non payment and the bank can auction ur property.

This post has been edited by flight: Jun 19 2018, 07:52 PM