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 Buy Second House or Buy Car, Which one would you go for?

Buy Second House or Buy Car
 
Buy Second House [ 74 ] ** [44.05%]
Buy New Car [ 94 ] ** [55.95%]
Total Votes: 168
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katijar
post Apr 4 2022, 02:20 PM

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Flip a coin
heavensea
post Apr 4 2022, 02:24 PM

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House.
SUSseraph00
post Apr 4 2022, 02:36 PM

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definitely house.
amirulhakimiazman
post Apr 4 2022, 02:39 PM

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buy 2nd house, buy new axia. axia below 300 monthly meh.
whitegoh
post Apr 4 2022, 02:41 PM

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I bought the house first, then the car later. But the monthly installment for the car must be not financially burdened la. The monthly installment (7 years) from the car I bought was 11% of my monthly net income. Still regretted not taking 5 years loan instead.
xtreme_paranoid
post Apr 4 2022, 02:42 PM

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If Waja no problem, u can try get a new Myvi. More safety/less problem coz new car
0x1773
post Apr 4 2022, 03:12 PM

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Buy car. You have a 20 yo car, time to reward youself and also better safety.
Blofeld
post Apr 4 2022, 03:27 PM

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get gf first

serious
MicroInvest
post Apr 4 2022, 03:30 PM

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Car
Icehart
post Apr 4 2022, 04:03 PM

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Not all property investments make money. Rather, live in present, get a safe car, and settle down. Then look for investment opportunities with your significant other.
Takudan
post Apr 4 2022, 04:13 PM

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QUOTE(Kakistok @ Apr 4 2022, 01:51 PM)
hey, good advice man - I'm in similar situation as TS. In my mid30s have fully paid my house and car. Thinking of another car or house. And I have to agree with house for stay only, house for investment seems like too much hassle
I was looking for like a vacation home (cum retirement home when I retire) maybe in PD/Langkawi - something close to beach - accommodation is always the most expensive part of a vacation if you're travelling locally, so having a vacation home seems like a good idea

When I used to work in the US (north side where its super cold during winter) - my coworkers would invest in house in the south, like in Florida - as vacation homes and also for retirement when they old so they can escape the harsh winter
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WAH big boss level... 2nd property for vacation is a huge ass commitment solely for leisure! I can only imagine that for now until retirement, you will rent it out or do a AirBnb, basically let agent handle...? Then I understand the value of buying a property now for retirement, since property price in Malaysia is likelier to increase over time, especially if you're looking for "touristy place" to retire in, I think it's one less risk as government probably won't allow anything that decreases land value near a tourist place (like industry, garbage disposal sites etc..)

Also, it depends on how good your current car is. For TS case, 20yo Waja is unsafe and may have many wear and tear problems, so a new car makes more sense imo. A B segment local car can easily manage even at 5 year loan, with ample to spare for continued investment.
smokey
post Apr 4 2022, 04:20 PM

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I would say buy what is needed
If u buy another house, u r stuck with another 35 years loan
Property is not a good investment now
Besides, can you forsee living in here for that long?


This post has been edited by smokey: Apr 4 2022, 04:25 PM
nihility
post Apr 4 2022, 04:20 PM

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Life is not about investment only, you already own a condo.

Yes, the money you spend in your 30s is not the same as the money you spend at 40s or 50s.
sadukarzz
post Apr 4 2022, 04:22 PM

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QUOTE(c64 @ Apr 4 2022, 12:41 PM)
Can buy car with CC? Sure boh? Can get cashback? Maybe will buy a car later this year or next year.
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can la, at least downpayment also good enough..

i.e. proton has a certain limit say few k's

but even that few k's also good enough for points ma
metalfire
post Apr 4 2022, 04:24 PM

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2nd property and used Camry or Mazda (Skyactive generation)...as long as not underwater car.

This post has been edited by metalfire: Apr 4 2022, 04:24 PM
cempedaklife
post Apr 4 2022, 05:06 PM

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You can buy a b segment car.
As for house for investment, I don’t recommend it. But other investments yes. Diff ppl diff preference.
Bossku_Johor
post Apr 4 2022, 05:09 PM

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QUOTE(Panda12 @ Apr 4 2022, 12:18 PM)
Hey guys, I'm in my 30's now and I'm still single. I own a condo but still drives my dad's old Proton Waja to this day.

I'm wondering, at this point, do I purchase another house/condo (for investment purposes) or do I get myself a brand new car?

My heart tells me that I should get myself a new car (Mazda or Camry) but my gut is telling me to get a second property for investment.

So, I've listed down the pros and cons of each choices:

Buy new car
Pros:
1. It's probably time to replace my old waja. It's 20 years old.
2. Better chance to get girlfriend
Cons:
1. It's a liability. It's just a car at the end of the day.
2. Potential opportunity cost (e.g cannot invest in other things for a while)

Buy second property
Pros:
1. Potential long-term investment (not guaranteed and have to wait 10-30 years)
2. You have two houses
Cons:
1. Life is not all about buying houses like collecting pokemon cards. You need to enjoy life when young too.

What would you guys do?
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go for the car since you're driving an old waja. Dont have to go for any fancy car. Get a good reliable car first. Try to finish paying it in 3 to 5 years. Then go look for a second house for investment purpose

Make sure to keep your payment record clean.



DM52
post Apr 4 2022, 05:16 PM

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QUOTE(Boy96 @ Apr 4 2022, 12:37 PM)
New car, the waja is not a safe car
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fuh.luckily boy not comment this at /k and f&f. if not for sure many hentam u..

what makes you think waja is not a safe car?. in term of what?. or basically old car not safe?.
ticke
post Apr 4 2022, 05:23 PM

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buy electric car.
bill11
post Apr 4 2022, 05:34 PM

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If you buy another house now you are subject for 30% for next purchase lioa which this house with your wifey.. then even harder for you..

Just get normal car la..

house investment kinda overrated especially condo, unless you say get landed go for it. Else dont waste time on property investment look nice but doesn't worth the effort. You can see developer just keep building and building and you cant raise any rent because new property keep pop-ing out.

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