Do you guys think it's better to rent or buy a place for investment? Since the instalment could be very expensive but at least you own a property and who knows maybe one day you can resell it at a higher price. But renting a place means you don't have many burdens on your shoulder. More money for food and travelling la hehe What do you guys think? Let's talk some business.

This post has been edited by whoisckchua: Sep 27 2018, 08:45 AM

A bunch of smart people has created a calculator for you: https://www.nytimes.com/interactive/2014/up...calculator.html

My advice is if you planning to keep or stay a property for more than 10 years, then buy. If not, then don't buy. Property is a wealth preservation tool, not wealth generation

If you do have a high disposable income and suck at savings then you could look into properties as a saving portfolio rather than investment and start off by looking into properties that eats up a small fraction of your current income. Properties is a rather illiquid asset and profiting mostly happens during good times and your holding power must be good to start off with. Selling a property isn't as easy as one might think and it does take up some time before one can cash it out to make a decent profit.

spot on, just imagine the competition in selling off your unit.

another factor ts must think of is what happen after N years, when you have a family and want to settle down, but you do not own any houses. are you still ok with renting, shifting around every now and then?

Rent first, wait price goes up then buy

This post has been edited by mangoproperty: Sep 27 2018, 09:30 AM

I thought of buying when price is going down.

If got plenty of money , buy !

If barely surviving, renting is better. Less risky and can sleep better. And start saving.

Or, you may consider buying a small apartment.

its all depends on your capabilities... there are alot of ppl who own a house, own a car... and still able to go travel annually... eat good foods, attend gathering and etc... nothing much to discuss about on this... if i have the capability to earn... i would choose to own a house while maintaining my normal lifestyle... otherwise... just rent so you dont need to alter your normal spending habit...

We are in a market where rent is cheap and the costs of ownership is high.

Cost of owning a property.
-Assessment Tax
-Quit Rent
-Home Insurance
-Maintenance Fees
-Renovations


Acquisition costs
-10% Downpayment
-SNP Legal Fees
-Memorandum of transfer
-Loan Legal Fees
-Loan Stamp Duty
-Mortgage Insurance

All that is borne by the landlord if you were to rent.

You can rent a property worth 500k with RM 1.5k. If you were to buy it you'll be potentially servicing a monthly payment of RM 2.5k + other charges which may bring the total bill up to 3k a month.

Renting also has its advantages as you'll have more flexibility to go after job opportunities as you're not tied down to a location.

In conclusion

If you money saved from renting invested equals higher return than potential capital appreciation of the property in 5 - 10 year time frame.

Rent.

Else

Buy.

EDIT: a word

This post has been edited by AvenueX: Sep 27 2018, 12:44 PM

Do you know when will it be going down? Let me know too if you found out.

Rent la where to get so much money

alot already go down. stop being ignorance.

anyway no hard feelings.
i am eyeing on Armanee terrace II, previously 1.2mil, now 1mil+ can get.

This post has been edited by Red_rustyjelly: Sep 27 2018, 02:30 PM

confusing

u can already see few project offer lower price than before, start survey, but when cheap.
but make sure u survey properly. many property agents dont reduce price. only until you found out.

Definitely rent better than buy now, especially highend condo, if really like the place after stay then only buy it, risk is lower compare to buy a new one/undercon with developer

Buy so that you have a place to stay

funny statement. if rent also go place to stay right?

there u go.

real estate is only for people who have extra cash to spare. it was never intended for poorfag.

This post has been edited by jyll92: Sep 27 2018, 03:15 PM

I agreed absolutely.

Perfect instrument to hedge against cash.

business model - rent to rent