It'd been few years already,  iam a very fickle minded whenever to decide buying a house. I WANT to buy a house because i want it, not saja saja, but Everytime i seriously thought about buying a property (own stay), i put hours hours hours of research and consideration. So many what ifs in my mind,  to the point i gave up tbe idea of buying a house and going debt free route and save as much and enjoy life as much as i can.

The What Ifs

1. I lost my job?
2. My salary got cut?
3. More pandemic coming?
4. if i buy a house can i still afford to do thing i used to do?
5. What if i change job or company relocate me somewhere more farther?
6. What If there's a sudden big increment of non bank commitment,  like kids, etc etc
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
8. Unexpected repair bill?
9. Will iable to save more for retirement?

Above questions are not for you.

At the moment I'm enjoying my life, car loan will finish soon, sometimes i felt too comfortable and boring. Can own a house make life less dull?

Seen and heard many cases that many people were getting fired this year i suddenly become coward to commit. Even a high income like pilots can be layed off.

Should i enjoy my debt free life?

Do you have the fear of buying a house?

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?

Classified under essential service

My mom proposed that I buy my eldest brother's house last month and I said no. It was heavily discounted and there is nothing wrong with the house but just like you I have lots of "what ifs" going through my mind. It's hard to pick a single reason. I'm just glad I was able to stay firm with my decision despite being pressured by my mom.

I think I'm gonna rent for awhile. I like the freedom of being able to pack my stuff and move elsewhere whenever I want.

In the long term, property price rise at about inflation rate.

DSR should be <20% and could trade up later with rising income. DSR >30% is stretched and risks become mortgage prisoner.

Is there really people who maintain 20% dsr?

I think max 35% is more realistic though

This is what we call life, life is never guarantee or certain. Heck you could be even die of heart attack tonight.

So glad I bought my 1st property at age 21, sold then another at 29 year old, sold and just bought my 3rd last year. Total profit from the  1st 2 properties is RM600k.

Let me tell u some secret

T20 people make money on B40 & m40 people

So b40 should make money on T20 interest and gender.

unfortunately that's how the modern economy works.

T20 loan cash to banks, banks loan it to M40, B40.

M40/B40 pays interest to banks, banks pay interest to T20.

just wondering how you handle the period during your sell - buy transition?
you buy a new house, move in first while waiting your old house to be sold?
Or the other way around?

Buy new then sell old. Use some of the profit for reno and keep the rest.

In property, you'll see the money when you're able to afford your 2nd property and assuming you buy low and sell high

seems like all your properties are in hot-demand area, since can find buyer in a short time. 

1st one was in Tropicana, sold within 1 month

2nd is in Setia Alam, sold within 6 weeks

As they said, it’s all about location, location and location. I’ve colleagues who bought in area such as Balakong, Port Dickson crying at lost now.

It also depends on timing, Tropicana was sold back in 2010 and Setia Alam end of 2019.

Lastly, I only buy from reputable and well known developers. Worst if the property is abandoned or quality is like shit

Oh wow..
Sifu, please advise on Gravit8 and The Parque Residence both in klang
Worth investing?