scorgio is absolutely right. Unless one's purchasing the property in CASH, the loan financing to the bank is something that cannot be defaulted. Come rain or shine, it still needs to be paid and the bank's not gonna care if ur out of a job or not - they just want to see the monthly repayment and that better come in.

Also, if ur looking at a condo, take into consideration the monthly maintenance due to the developers too!

@b00n,
You've a point. Anything on PAPER merely remains as on paper. Take for example, if i'd paid RM100k for a house, and it's market value today is RM500k, the RM400k gain [for easy calculation, let's not take into account of interest, etc.] can only be realised IF u SELL the house to someone who's willing to pay RM500k for the house. If I don't sell the house, it makes no difference whether the property is RM1m today or not - because there's no intention of liquidating the asset.

@jcvstlys,
If u can't find the time and commitment to pick up the papers (or whatever other means available) to flip through to keep yourself abreast with current trends and news, how then are u going to find the time and commitment to take up something as big as purchasing a property?

This post has been edited by tinkerbel: Jul 18 2007, 08:23 PM

@Minolta,
U've got a point but that wasn't exactly what i meant! *ggrrrrr*