Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Fear of buying house

views
     
zack1919
post Nov 10 2020, 11:02 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(kkkw80 @ Nov 10 2020, 06:40 PM)
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.
*
Oh wow!
Mind giving detail on how much you’re earning and how much the property cost when you purchase it?

I’m 24 hardly 4K earner (not the standard 20k ktard), I’m stuck like ts currently with all the what ifs
zack1919
post Nov 10 2020, 11:26 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(WaCKy-Angel @ Nov 10 2020, 11:12 PM)
He is getting 24K lol

Im assuming he bought 1st house was say 20 years ago, earning 3K that time would probably means like now earning 10K.

Cant compare now with last time lor... my parents bought single storey terrace house 40 years ago for 80K iinm, now worth atleast 500K
*
So that’s basically saying 4K peasant kuli like me just need to stop dreaming of owning a house and rent forever huh?😭
zack1919
post Nov 11 2020, 08:27 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(Zwean @ Nov 11 2020, 08:20 PM)
I agree geh

Studio > All
*
Studio damn expensive weyh..
If you were to calculate price/area

Why not use the same amount of money to get a condo?
zack1919
post Nov 12 2020, 11:11 AM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
Let me just park m question in TS thread here lol;

Anyone have any experiences with Studio on long term basis?
As in after you got a family and children.

Is studio good for long term?
zack1919
post Nov 12 2020, 03:00 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(hirano @ Nov 12 2020, 02:53 PM)
I am renting a studio. 2 years. But that's it. Really small even for just 2 pax. Too many stuff actually filling up the spaces. Need to learn being minimalist after this lol

So if u got a child, don't get studio. Get normal house. At least 800-900sqft (2 kids max)
*
Good to know! Thank god I'm a minimalist (another word for cheapskater).

Any comment on cooking in a studio apartment? Does your bed reeks of yesterday's food or any oil smell?
zack1919
post Nov 12 2020, 08:49 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(Sim City @ Nov 12 2020, 08:39 PM)
The smell will remain within your unit unless , you own a premium ventilation. It happened to my 500sf studio.
*
Even with exhaust fan the smells still linger around the area?
zack1919
post Nov 13 2020, 12:03 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(kidmad @ Nov 13 2020, 09:49 AM)
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
*
Point #9 got me laughing rclxms.gif biggrin.gif

On another hand, mind elaborating point #5?
zack1919
post Nov 16 2020, 11:27 PM

On my way
****
Junior Member
519 posts

Joined: Oct 2020
QUOTE(kkkw80 @ Nov 16 2020, 10:35 AM)
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?

 

Change to:
| Lo-Fi Version
0.0266sec    0.83    6 queries    GZIP Disabled
Time is now: 10th December 2025 - 11:37 AM