I see my post is dubious to many.

Since my studies was fully covered including expenses, whatever I earned part time, i slowly brought back home, its 5 figures in SGD. And no I'm not in some illegal or immoral industry. I worked all sorts of jobs there in whatever spare time I had, photography, crew, promoter, tutor...anywhere from 8-50 sgd an hour type of jobs. Since starting full time work, which started in KL and still is in KL, my income has always been in 5 figure territory. I do not only rely on FD to grow savings that is not invested in props.

1st and 2nd prop is residential, subsequent is commercial. 1st was a mistake, bought from dev, yield is just over 4% which don't even meet the interest: am trying to exit. 2nd was the effort of 8 months of patience, non stop viewing and lowballing sellers until I got a unit more than 6 figures below market value. Believe seller was in dire financial difficulties, and he actually already had an interested buyer, who just wanted to push him another few k down from his asking, I offered to buy at the asking price and got it. Student rental play prop, yield is 9% counted at the market value, more than 10% at the price I got, incl renovate and furnish. I don't think I am not overestimating the value of my props: I take an average of the latest transactions listed on brickz and from the owner group chats.

Sorry to those who feel bad or disbelieve me, I'm being honest, I don't want to boast, I just wanted to inspire some young people my age and its not about the income. Its about the discipline in work, expenses and investments. Some of my work days are as long as 14 hours when I need to. Never buy investments without weeks (or months) of study, made that mistake on my first prop. Never overspend. Some of my friends with 4k income a month probably think I earn less than them, from my lifestyle. I grew up in my grandfathers' attic, sleeping on the floor, eating rice with fruits and veges that me and my grandma stole from neighbours' gardens (sorry guys XD) or expiring old meat that my uncle, a wet market worker, was allowed to bring home. When I see people my age spending 110% of their income, with the 10% from parents or credit, and all the spending going to non investment expenditure, it just pisses me off.

Property or asset should be valued at market price to show the real truth and situation.

A property that bought 100k ago, now worth 1 mil.
The rental income is 10k pa.

One can "syiok sendiri" by saying, the property generate 10% return.

But in actual fact, the property only yield 1%, a bad yield.
As if sell off the property at 1 mil and put in FD at 4%, the return would be 40K pa.

Same when property bought at high price.
Bought at 1 mil, but if now worth 700k,
One should view the property net worth is 700k or instead "syiok sendiri" again say the property worth 1 mil?

Yes, those are unrealised gain or net worth until one sells it off, but unrealised worth at market price, is the real worth one is having now.
That's why in accounting, we have unrealised gain vs realised gain difference.

Same with other assets, be it stock, unit trust or whatever, a yield should be justified based on current worth, to show the actual truth situation, so that one can make good decision on it.

Yes. As your property price increase, rental should increase in tandem too. But in reality it's not always the case. Buy & Sell market is often different from Rental market.

Some places, people dislike buying those properties but lotsa people wanna rent. So the rental rates increase, you can sometimes collect more rent than the monthly installment. On the other spectrum, there are places that people prefer to buy instead of rent. So the rental rates are low while the transacting price is high, this is a losing end for landlords.

Except those bought years ago, if rental could cover loan instalment, qualified tenant would have bought.

with about 3% of adults in this country have over us$100k net worth, those could afford to retire early are few and far in between.

Yields based on market price, total rental income p.a (income, not profit, in case anyone queries) is in 6 figures.
You know what this is turning ridiculous, as if I have to defend myself, stopped posting regularly especially with my old account due to noise, just starting to get busy with this account but I'm probably just going to back to being a reader Feel free to PM me if you want to chat.

Personaly I don't trust property investment much if only for rental yield. If you want rental yield, you might as well go for REITS. No loans needed smaller capital.

Property for me is much like the capital appreciation. Although not all property price will increase, but most of them does. Its matter of more or less only.

Rather than calling it a rule of thumb, I'd prefer to call it an ideal scenario 
It really depends on what you're trying to achieve; capital gains from flipping or steady income from rental. Those aiming for

A lot of people shares the same rule of thumb like you too, met a lot of them already. That's why you see sometimes a unit is left empty for so long without tenant cause the landlord stubbornly refuse to rent below their monthly installment despite most other landlords around them are renting at a significantly lower price. Mostly is due to ego la haha & they're super rich anyway with multiple units around KL vacant. They easily can afford to go tenant-less for years, I was so so so tempted to become their property manager to earn some pocket money from short termed tenants until they get a long term tenant 

If you're in the property market, you'll know which developer's project can buy & which developer to ignore one la. Some developers are indeed hopeless, so don't need waste time with their projects. Especially those that are busy promoting in the malls & every property events. Good projects will be half sold already before launching - internal staffs including the boss & all their friends will sapu first.

I bought a brand new property in Shah Alam for RM180k, been collecting rental 20% higher than my monthly installment. After RPGT is gone, hopefully can sell RM300k+ & snowball to next project.

Fully agree that some of people need this much. Maybe current lifestyle and commitments with kids and etc needing that much monthly expenses. But thats some of us, and I believe not the most of people.

If you see not many getting their salary growth passes 10k in 10years. Take government servant for example but we will see even with 2-3 kids, they are managing their life better.

Even fresh graduates now, when I started (11yrs ago) around 2500 and I believe that company still paid freshie with same basic salary.

My point is, I believe in 10years time, we maybe dont need x3,x4,x5 of our current expenses in order to survive. Even so, we always can do side job/part time to get additional income. Rather than keep stuck in rat race thinking that we still dont have enough money (which will never enough).

People say “reducing/controlling our expenses is easier than increasing our income”.

-Only my opinion-

This thread has diverted from topic and bordering on misuse of Lowyat facilities and should be shut down by moderator.

You definitely brought back a lot of memories to me. I was living at Prince Street, Randwick back in 1987. Every morning I smelt horse dung when I walked to UNSW. It was much better when I moved to Coogee Bay Road but damn expensive compared to Randwick.

In the mid 80s, Ringgit was 1.40 to 1.60 per Aussie Dollar and bank's FD rate was 15% (building society even higher). Those with money just needed to open FD and enjoy high returns. The blemish was when Pyramid (what a name!) Building Society collapsed in 1990. If we are still able to enjoy 15% interest today, I'll retire immediately!

Even though I studied in Australia, I was not financially savvy upon graduation. Basically wasted my twenties and early thirties. Only got serious after gotten married. Big regret due to lost opportunities in business, stock and properties. I'm trying to educate my kids early so that they will not repeat my mistakes. Nevertheless, they are taking things for granted due to not having experience the ups and downs yet.

No, that one was earlier. The one I mentioned happened in Victoria, Australia.

Not that gen x and y don't want fire, just that some have tried and failed. Most gen z have yet to experience failure hence are gungho. Like mlm and everyday life, only a very small minority will be successful. Otherwise, there should be over 3% of adults in this country have over us$100k net worth.

Expenses are well covered. She is working becoz she wants to, btw her position pays really good. Plus our combined income can accomodate our travel; and i dont mind a little bit of lavish ya.. 😉. Yes we also do spend on travel for both our parents yearly.

I am relax and enjoying every little bit of my life...😀

What i mean by boring is u are doing it own your own because your friends are still working.

Now at klcc gonna watch hellboy! Shazam starts later, maybe next time...