there are many ways to skin a cat so i'll just tell you two stories then you see how you can fit into your personal scenario.

1) i have a female friend (unmarried) that owns two properties she bought from the sub-sale market. the first she bought was a small apartment in SS2. she told me that time the asking price was around 100k. originally it was in a sorry state but at least the previous tenant didn't pour cement down the drain. so she basically clean it up and repainted, then offer it for rental as bare unit. part of it was due to her financial situation at the time and she was thinking whatever tenant she gets that area might be low class people won't appreciate the furniture anyway. she got lucky a chinese couple rented the place because want to send their daughter to the chinese school there. her income was good that she decided to get another property and thinking for the future she decided to get a landed property, she found something cheap in SS14 (she didn't disclose the amount to me) and her target weren't students as most owners in SS14 partition up the houses then rent to students studying at Taylors/Inti, instead she did basically the same as her SS2 property target families wanting a Subang Jaya address for the public and chinese schools in that area for their kids. both properties doing well with long term tenants as the parents would be invested in that area for their kids for at least 5 years and longer if they have more kids. location is important for this, there is less chance of them renting elsewhere or buying their own as prices have risen over the years for sub-sale and new ones would put them in financial burden. heard stories from her that the parents either have no plans to move or bought property which is cheaper but further away in places like Bangi and Rawang, and would move there once the education of their kids is complete or retire as they're working nearby so don't plan to commute. she manage to avoid MCO issues other owners having in subang jaya because colleges are closed so all the students went home and nobody renting their pigeon hole partitioned rooms. yes, u can earn more with partitioning and renting out individually but collection is a headache. she also previously lived a frugal life of renting a small room near any office she works at, now is living rent free with her bf/fiance.

2) i have a male friend whom bought a high-end condo quite recently. he comes from a slightly broken house with an abusive mom and absent father, so whatever he do is always quite kiasu so instead of getting something reasonable and sensible he has to get something really cool to show off as he was convinced after a friend bought at 'tropics @ 3 damansara' that a condo atop a shopping complex was the way to go. so he got a SOFO at atria, i think he got it from developer with all the developer perks but at the height of property price a few years back. he got influence by minimalist lifestyle which lead him to caravan lifestyle which lead him to steath camper lifestyle, he thought of a way to keep his property and earn from it. he converted his mpv unto a stealth camper to stay in while he rented out his SOFO, he then rented an extra car park from the management to park his camper while his original parking spot is for tenant use. in his words he is using all the condo facilities for RM100 parking fee per month and earning rental from his property. he tells me every morning he go to gym, swim, sauna then bath at the common bathroom and change into his work clothes then go to office, he told me slight inconvenience changing in the public shower room and getting up early so nobody uses the facilities yet but apart from that he doesn't pay a single cent for water and electricity. during mco period he either uses the lounge, meeting rooms for WFH (free wifi) or go down to the shopping complex to have lunch then lepak at the cafe for a few hours. he had to make some sacrifices but i think it is smart, he told me if he lived in a camper earlier but didn't own a condo with facilities he would've just gotten a gym membership.

Cool story but TS was asking for own stay though.

It still lingers, but at a minimum.

If financially you're stable, then just do it. Buy and wait, dont wait to buy.

no... 12 years in klang valley had move in and out 5 property under my name. had only rent in the first 3 years in KV and 2018-2019 when my wife wanted to test out if she can adapt to the lifestyle near my working place. what you really need to do is take the first step and when you repeat this step..you will notice actually there isn't much to worry about. to answer some of your questions:

1. I lost my job? find another one
2. My salary got cut? does it matter? get a house which you could comfortably afford
3. More pandemic coming? no one can tell and yet you still need a roof not?
4. if i buy a house can i still afford to do thing i used to do? why not?
5. What if i change job or company relocate me somewhere more farther? the house will change together with ya
6. What If there's a sudden big increment of non bank commitment, like kids, etc etc you married mei?
7. Age is middle 30, what If i hold a little longer, save money and buy house at 45 year old, then only eligible for 25 years loan. Donno can afford or not. when you hit age 45.. you better be damn sure you can buy the house cash. Else for F sick you keep those cash?
8. Unexpected repair bill? like what?
9. Will iable to save more for retirement? sell the house

I plan to get a villa for my vacation home oversea and I'm working towards it now ..

Hopefully can materialise this with my partner ..

Point #9 got me laughing

On another hand, mind elaborating point #5?

I shift so frequent now i just stay opposite of my company.. well still a distance walking. So I'm at the a point where is i ever change job I'll just buy a small apartment near my company. Easy peasy.

probably now is the best time to buy, since no stamp duty for first time buyers

look for subsales, i'm sure some owners are letting go at lower prices these days

Once u buy the first. The 2nd 3rd 4th feels natural already, go for it

The multiplying effect.

Don't worry. Your thoughts are normal. I can understand. The fear is there, I felt the same too.

TS, I had the same hesitation before I decided to buy a condo and own some property.

To cut the story short - if you plan to be single, renting maybe a good idea. But if you have family or planning to get married, owning is good.

Buying a house is a form of investment in your life. Everything in life has its cost. Buying a house means you have to trade off some of the luxury and comfort in life , maybe temporarily for next 20 years before you finish the loan. But in return, you have the comfort that you have your own place, own house, own condo.

My advice to you is, even if you decide not to buy property, KEEP the CASH, and don't YOLO it away. Cash will become your security for old days.

I got a friend who YOLO , now 44 years, still renting. I think his old days are a bit insecure.

Your friend YOLO squandered all his money?

Dine out quite frequent , Starbucks , gym, travel. Not much savings from what I heard.

That's real living the moment and forgotten about the future.

He still has 14 years to catch up till retirement.

I've invested in many properties over the years and this is the advice I would give you

The What Ifs

1. I lost my job?
>> Ensure you have 6 months or more emergency funds. If you earn 1k a month, you should have 6k as your emergency fund.

2. My salary got cut?
>> Ensure you have 6 months or more emergency funds. If you earn 1k a month, you should have 6k as your emergency fund.

3. More pandemic coming?
>> Ensure you have 6 months or more emergency funds. If you earn 1k a month, you should have 6k as your emergency fund.

4. if i buy a house can i still afford to do thing i used to do?
>> You would have to sacrifice a bit here and there, but in the long term, it would be well worth it for you and your future generations.

5. What if i change job or company relocate me somewhere more farther?
>> Only you can answer this question. You would have to choose a strategic location based on your current and future job. Even if you would have to relocate, there are many ways around this.

6. What If there's a sudden big increment of non bank commitment, like kids, etc etc
>> Don't over-commit by buying something that is too lavish that you can't effort.

7. Age is middle 30, what If i hold a little longer, save money and buy house at 45 year old, then only eligible for 25 years loan. Donno can afford or not
>> Inflation will reduce the value of your money while the price of the property will keep on increasing. This is assuming you save your money in FD.

8. Unexpected repair bill?
>> Don't over-commit by buying something that is too lavish that you can't effort.

9. Will iable to save more for retirement?
>> If you are renting now, yes you would be able to save more for retirement since once day your house will be fully paid for unlike renting.

Read the following books even if you don't like reading:-
1. Rich Dad, Poor Dad By Robert Kiyosaki.
2. CAsh flow quadrant By Robert Kiyosaki.
3. Guide to Investing By Robert Kiyosaki.
4. Millionaires are from a different planet by Azizi Ali

Ts before we answer..asking are you in relationship and planning to get married or have kids?

Kind to share what occupation you in? Me only gaji 2.3k in 25 year old


You seem successful ..can I know what industry you in?
desapark sounds nice.
Vibrant place..any good deals there?

see my first sentence sherlock