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 80s babies, have they started buying property?

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aaron1717
post Jun 20 2018, 10:36 AM

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QUOTE(ManutdGiggs @ Jun 20 2018, 10:18 AM)
Just signed. Got rental onot I really dunno la. But it's below launching price 😬😬😬
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buy cheap yeh not con liao lo.... kena con geh is buy above launching price... laugh.gif laugh.gif

QUOTE(ManutdGiggs @ Jun 20 2018, 10:24 AM)
Madam icy says buy now = kantoi ma. It's understood tat I sure kantoi cos I bot now 😭😭😭

Boss onli 1 unit nia la. Owner kind enuf ma. Kenot review openly wan. Nanti he no facey le. 🙊🙊🙊
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blood belum knee deep on the floor leh... she sure say u kantoi liao... then say u why dont invest in alternatives... devil.gif devil.gif
ManutdGiggs
post Jun 20 2018, 11:36 AM

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QUOTE(aspartame @ Jun 20 2018, 10:26 AM)
Ohh...u die..u never wait until blood is knee deep tongue.gif
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QUOTE(aaron1717 @ Jun 20 2018, 10:36 AM)
buy cheap yeh not con liao lo.... kena con geh is buy above launching price...  laugh.gif  laugh.gif
blood belum knee deep on the floor leh... she sure say u kantoi liao... then say u why dont invest in alternatives...  devil.gif  devil.gif
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icemanfx boss need ur help to define knee deep. Maybe I terminate the purchase if bllod not filled up yet. 👌👍
myroy
post Jun 20 2018, 11:43 AM

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Im 1993 (25 YO)
Still renting, trying to get 1st house
kindly advise me
icemanfx
post Jun 20 2018, 12:09 PM

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QUOTE(aaron1717 @ Jun 20 2018, 10:11 AM)
yeah... like what i mentioned before... a office working lady... income 5k per month only... but already having 10 properties under her name over the 5 years... 8 properties have to be bought using 70% LTV only... imagine how much cash she have from her investments....
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Fascinating to find the herd take hearsay as gospel without investigate further. Based on her regular income, if bank approved her housing loan mean no difference from u.s bank prior to 2007. On the other hand, her husband could be a multimillionaire businessman, her loan was based on husband's ability.

ManutdGiggs
post Jun 20 2018, 12:16 PM

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QUOTE(icemanfx @ Jun 20 2018, 12:09 PM)
Fascinating to find the herd take hearsay as gospel without investigate further. Based on her regular income, if bank approved her housing loan mean no difference from u.s  bank prior to 2007. On the other hand, her husband could be a multimillionaire businessman, her loan was based on husband's ability.
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Any sos to sapot ur assumption on the final sentence???
jo8981
post Jun 20 2018, 12:26 PM

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QUOTE(myroy @ Jun 20 2018, 11:43 AM)
Im 1993 (25 YO)
Still renting, trying to get 1st house
kindly advise me
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I am not a pro by any means, but a good starting point would be to:

1. Find out how much you can afford (google up property calculator and play with the numbers to see the monthly installment and amount you need to pay upfront like downpayment, legal fees, etc). Look up the debt service ratio (DSR) on your income to see the loan amount you can qualify for
2. Identify your preferred locations
3. Search for property listings online based on your locations
4. View properties

If you want a property for ownstay or to rent out you might have different search criteria as well...more bedrooms/more space, what tradeoffs you can tolerate or must haves.. a lengthy process but necessary to go through to make the best decision for yourself in your own capacity.

Can get more advice from the sifus here, they have much experience and are willing to share smile.gif

myroy
post Jun 20 2018, 12:31 PM

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QUOTE(jo8981 @ Jun 20 2018, 12:26 PM)
I am not a pro by any means, but a good starting point would be to:

1. Find out how much you can afford (google up property calculator and play with the numbers to see the monthly installment and amount you need to pay upfront like downpayment, legal fees, etc). Look up the debt service ratio (DSR) on your income to see the loan amount you can qualify for
2. Identify your preferred locations
3. Search for property listings online based on your locations
4. View properties

If you want a property for ownstay or to rent out you might have different search criteria as well...more bedrooms/more space, what tradeoffs you can tolerate or must haves.. a lengthy process but necessary to go through to make the best decision for yourself in your own capacity.

Can get more advice from the sifus here, they have much experience and are willing to share  smile.gif
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Trying to combine with my wife salary total RM6k
Eyeing for RUMAWIP Residensi hektar (http://www.residensihektargombak.com.my/index.php) value RM300k
Will meet property agent this friday, hopefully he will teach me abit on how to buy property

jo8981
post Jun 20 2018, 12:45 PM

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QUOTE(myroy @ Jun 20 2018, 12:31 PM)
Trying to combine with my wife salary total RM6k
Eyeing for RUMAWIP Residensi hektar (http://www.residensihektargombak.com.my/index.php) value RM300k
Will meet property agent this friday, hopefully he will teach me abit on how to buy property
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all the best to you mate thumbup.gif for first prop u can get stamp duty waiver for up to 300k

rumawip 10 yrs cannot sell ya btw

Also if u hv info from prop agent that u dont und can always ask around in forum to get a second opinion. Always rmb that prop agent best interest is to sell the prop to u, sometimes they may not paint the full picture. But of cos there r ethical ones also la smile.gif
Andy Lau6235
post Jun 20 2018, 12:57 PM

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1985, own 2 props.

1 rent and break even
1 stay.

I think most of the people will feel incredible for those people can own many properties when their age young.

I am in this field for 2yrs,
i saw a buyer purchase 10unit condo 5xxk-6xxk in 1 shot, all 70% loan margin.
i saw a young female buyer with age 24 and own 3 props, with her own profiles.
i saw a old man want to purchase a house but without income profile to take loan.
There are different peoples, different capabilities.

To some people, property is a product n investment, the more is the better.
but to some people property is home, one is enough for their whole life.
myroy
post Jun 20 2018, 01:02 PM

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QUOTE(Andy Lau6235 @ Jun 20 2018, 12:57 PM)
1985, own 2 props.

1 rent and break even
1 stay.

I think most of the people will feel incredible for those people can own many properties when their age young.

I am in this field for 2yrs,
i saw a buyer purchase 10unit condo 5xxk-6xxk in 1 shot, all 70% loan margin.
i saw a young female buyer with age 24 and own 3 props, with her own profiles.
i saw a old man want to purchase a house but without income profile to take loan.
There are different peoples, different capabilities.

To some people, property is a product n investment, the more is the better.
but to some people property is home, one is enough for their whole life.
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nice word...
agree


mangoproperty
post Jun 20 2018, 01:09 PM

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1995, still looking Which one to buy
Andy Lau6235
post Jun 20 2018, 01:15 PM

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QUOTE(myroy @ Jun 20 2018, 12:31 PM)
Trying to combine with my wife salary total RM6k
Eyeing for RUMAWIP Residensi hektar (http://www.residensihektargombak.com.my/index.php) value RM300k
Will meet property agent this friday, hopefully he will teach me abit on how to buy property
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bro, this is malay reserve land wor. Are you bumi?
myroy
post Jun 20 2018, 01:23 PM

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QUOTE(Andy Lau6235 @ Jun 20 2018, 01:15 PM)
bro, this is malay reserve land wor. Are you bumi?
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Yep...
im am...

Hopefully bank will approved this, and this will be my 1st house
Will meet property agent this friday
Will be completed on 2021

BEANCOUNTER
post Jun 20 2018, 01:39 PM

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QUOTE(GangHo @ Jun 20 2018, 12:08 AM)
now this an interesting question.

we say that the property market is depending on demand and supply. but demand is depending on what? i believe demand is depending on many factors but population is but one of them, not even sure if it is the biggest factor.

one of big factor that affect demand is salary. today, if we earn as much as singporean or hongkee, we would be buying maybe 3 times as much. this is much much faster than population. how long it takes for our population to be double or triple?

if we compared again, country like singapore, hong kong and Taiwan. they have small population but how many unit of houses do they have in their country? Perhaps we look into average house over population comparison.

as salary grows, the whole population of malaysia would buy more even they don't need to stay in it. as they have more disposable income, they buy more to fight against inflation.

juz imagine if suddenly malaysian salary increase 3 folds, minus their basic needs they would have the capacity to buy maybe 3 or more properties that they currently can afford, so demand would 3 times more and supply 3 times more.

if we have big population and all the people very poor, there is real demand but they can't afford so supply would be small. so if people is rich and they have confident in the country, they buy more properties and compound by foreign interest, the demand grow even larger.
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you guys keep on complaining abt Malaysia property expensive, salary low and etc and compared to people in spore hk and Taiwan.

but ask yourself, how many ppl in those countries can own 1, 2 or more properties there?

despite of our so called low salary, I know many ppl can own more than 1 property. Yes many salary earners, not just bizmen.
iq_myst
post Jun 20 2018, 01:40 PM

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sudah beli, sudah jual, sudah kena tipu, sudah jatuh mau bangun balik sudah.
e_mc_square
post Jun 20 2018, 01:43 PM

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Mid 80s, 2 properties.

Quality of life is depends on expectation and wisdom.

Example, I don't see drink coffee in Starbucks is having a high quality of life especially those sugar will kill you slowly.

Make coffee yourself at home, hit the gym frequently, this is called quality of life.
BEANCOUNTER
post Jun 20 2018, 01:45 PM

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QUOTE(anz87 @ Jun 20 2018, 09:48 AM)
already own 5 properties before 30 years old,
start buy since 25 years old,
some already flipped/sold
87 baby
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you were lucky.

you caught the dragon head in 2010 before properties took a dive in 2013.

but notworthy.gif for making the move then be moved.
BEANCOUNTER
post Jun 20 2018, 01:47 PM

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QUOTE(e_mc_square @ Jun 20 2018, 01:43 PM)
Mid 80s, 2 properties.

Quality of life is depends on expectation and wisdom.

Example, I don't see drink coffee in Starbucks is having a high quality of life especially those sugar will kill you slowly.

Make coffee yourself at home, hit the gym frequently, this is called quality of life.
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I usually take black coffee at starbucks.

but recently found that starbuck kopi not nice already.
BEANCOUNTER
post Jun 20 2018, 01:51 PM

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QUOTE(aspartame @ Jun 20 2018, 09:56 AM)
First purchase in 2013 still managed to flip ah?
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I read an article somewhere interviewing some youngers that 'made' in property. one of the guys flipped a property and made 20k, hapi jor.

also, many people buy properties using JV method, but claimed credit as his/her own.

not to mention a gods hand from FAMA.
BEANCOUNTER
post Jun 20 2018, 01:53 PM

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QUOTE(aaron1717 @ Jun 20 2018, 10:11 AM)
yeah... like what i mentioned before... a office working lady... income 5k per month only... but already having 10 properties under her name over the 5 years... 8 properties have to be bought using 70% LTV only... imagine how much cash she have from her investments....
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what is her 'night job'?

I also read report one lady who owns a affordable housing got 4 luxury cars and a sport bike parked in her compound also.

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