Flip a coin
Buy Second House or Buy Car, Which one would you go for?
Buy Second House or Buy Car, Which one would you go for?
|
|
Apr 4 2022, 02:20 PM
Show posts by this member only | IPv6 | Post
#21
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
2,294 posts Joined: Sep 2011 |
Flip a coin silence94 liked this post
|
|
|
|
|
|
Apr 4 2022, 02:24 PM
Show posts by this member only | IPv6 | Post
#22
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
9,616 posts Joined: Dec 2013 |
House.
|
|
|
Apr 4 2022, 02:36 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
3,322 posts Joined: Mar 2022 |
definitely house.
|
|
|
Apr 4 2022, 02:39 PM
|
![]() ![]()
Junior Member
147 posts Joined: Dec 2016 From: Earth 616 |
buy 2nd house, buy new axia. axia below 300 monthly meh.
|
|
|
Apr 4 2022, 02:41 PM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,207 posts Joined: May 2009 |
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.
|
|
|
Apr 4 2022, 02:42 PM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,427 posts Joined: Sep 2006 |
If Waja no problem, u can try get a new Myvi. More safety/less problem coz new car
|
|
|
|
|
|
Apr 4 2022, 03:12 PM
|
![]()
Junior Member
19 posts Joined: Aug 2021 |
Buy car. You have a 20 yo car, time to reward youself and also better safety.
|
|
|
Apr 4 2022, 03:27 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
4,703 posts Joined: Mar 2012 |
get gf first serious BL98 liked this post
|
|
|
Apr 4 2022, 03:30 PM
|
![]()
Junior Member
39 posts Joined: May 2019 |
Car
|
|
|
Apr 4 2022, 04:03 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor |
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. BL98 liked this post
|
|
|
Apr 4 2022, 04:13 PM
Show posts by this member only | IPv6 | Post
#31
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,058 posts Joined: Jun 2011 From: Kuala Lumpur, Malaysia |
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 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..)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 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. |
|
|
Apr 4 2022, 04:20 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
3,506 posts Joined: Jan 2003 From: Lumpur |
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 |
|
|
Apr 4 2022, 04:20 PM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,596 posts Joined: Sep 2021 |
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. |
|
|
|
|
|
Apr 4 2022, 04:22 PM
|
![]() ![]() ![]() ![]() ![]()
Junior Member
782 posts Joined: Jul 2011 |
|
|
|
Apr 4 2022, 04:24 PM
Show posts by this member only | IPv6 | Post
#35
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,306 posts Joined: Oct 2005 |
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 |
|
|
Apr 4 2022, 05:06 PM
Show posts by this member only | IPv6 | Post
#36
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
4,357 posts Joined: Oct 2010 From: KL |
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. nightzstar liked this post
|
|
|
Apr 4 2022, 05:09 PM
|
![]() ![]()
Junior Member
146 posts Joined: May 2019 From: Andromeda Galaxy |
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. 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 purposeI'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? Make sure to keep your payment record clean. |
|
|
Apr 4 2022, 05:16 PM
|
![]() ![]() ![]()
Junior Member
406 posts Joined: Dec 2017 |
|
|
|
Apr 4 2022, 05:23 PM
Show posts by this member only | IPv6 | Post
#39
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,682 posts Joined: Oct 2004 From: let there be rain |
buy electric car.
|
|
|
Apr 4 2022, 05:34 PM
|
![]() ![]() ![]()
Junior Member
303 posts Joined: Aug 2005 |
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. |
| Change to: | 0.0518sec
0.17
7 queries
GZIP Disabled
Time is now: 14th December 2025 - 10:39 PM |