QUOTE(Bjorn1688 @ May 6 2019, 02:25 AM)
Buying properties for investment isn’t really all that any longer, most should be seen as a form of forced savings and for the long haul.
There is one under laying principle most detractors forgot, for there to be property there needs to be land and as Mark Twain said Buy land it isn’t being made any longer.
Forex? It’s just fiat money, The Feds can print as much greenback as they wished. Also takes forever to make any profit and offering requiring huge amounts of capital.
Shares and stocks? You folks must be either too young or have a selective memory, heard of Enron? How about the 1997 Asian Financial crisis?
Crypto? Lol.
Detractors of property investments can come up with all kinds of stories but none can show me a period in the last 30 years where a choice unit 22x85 or 22x75 DSL house in Bangsar could be purchased for less money than the previous year. Value dropped? On paper maybe but could you actually BUY one at the supposedly “lowered price” and was a choice unit not one that faced a t-junction or near a mosque etc?
On a bad year maybe you don’t get to rent it out for what you expect to else after 5 years if you want to hold it you can remortgage and do something with the money or if you sell then you would still make a healthy return.
I’m afraid that Mark Twain’s quote may not hold water anymore - or in fact hasn’t been for a long time. There is one under laying principle most detractors forgot, for there to be property there needs to be land and as Mark Twain said Buy land it isn’t being made any longer.
Forex? It’s just fiat money, The Feds can print as much greenback as they wished. Also takes forever to make any profit and offering requiring huge amounts of capital.
Shares and stocks? You folks must be either too young or have a selective memory, heard of Enron? How about the 1997 Asian Financial crisis?
Crypto? Lol.
Detractors of property investments can come up with all kinds of stories but none can show me a period in the last 30 years where a choice unit 22x85 or 22x75 DSL house in Bangsar could be purchased for less money than the previous year. Value dropped? On paper maybe but could you actually BUY one at the supposedly “lowered price” and was a choice unit not one that faced a t-junction or near a mosque etc?
On a bad year maybe you don’t get to rent it out for what you expect to else after 5 years if you want to hold it you can remortgage and do something with the money or if you sell then you would still make a healthy return.
Land reclamation is making new land.
Oct 27 2022, 10:27 AM

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