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 Don't buy malaysian house if not for living

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max_cavalera
post Aug 9 2022, 07:19 PM

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From: Cyberjaya, Shah Alam, Ipoh



QUOTE(Evolving Skies @ Aug 9 2022, 07:36 PM)
Ppl always assume property price always up. Problem is you are borrowed from bank. Idea is like bank short selling to you a mark up loan product which has a whooping 220% mark up price (assuming obr rate 4% over 30 years).

So into making up the 4% per annum loss u incurred, you have to make sure your property rose 40% in next 10 years. But bear in mind, opr rate also rise when housing price index rise. In the end, profit not much. Don't forget the stamp duty fee and s&p legal fee.

user posted image

Hence I rather forget the hassle, and invest in Singapore REIT. wink.gif
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Property investment evolving skies edi sad.gif

SUSEvolving Skies
post Aug 9 2022, 07:19 PM

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QUOTE(max_cavalera @ Aug 9 2022, 07:19 PM)
Property investment evolving skies edi sad.gif
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Sad truth
e_mc_square
post Aug 9 2022, 07:21 PM

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I buy and rent during my 20s.
Buy another one for stay on 30s.

But now, I don't see the value of buy and rent anymore especially generally rent price is low.

But I believe there are still property still worth to buy and rent. Just that is not common.
max_cavalera
post Aug 9 2022, 07:22 PM

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From: Cyberjaya, Shah Alam, Ipoh



QUOTE(e_mc_square @ Aug 9 2022, 08:21 PM)
I buy and rent during my 20s.
Buy another one for stay on 30s.

But now, I don't see the value of buy and rent anymore especially generally rent price is low.

But I believe there are still property still worth to buy and rent. Just that is not common.
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Dulu buy condo 250k rent out rm1300-1500

Now buy 500k condo rm1700 oso very hard to get sad.gif

Now banks and developer gip trick owh u can tarik loan until 35-40 years to cover the lower rent…

After this rent keep on supress while prop price keep up up up owh okay we can gip u 50-60 years loan smile.gif

This post has been edited by max_cavalera: Aug 9 2022, 07:24 PM
e_mc_square
post Aug 9 2022, 07:24 PM

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QUOTE(max_cavalera @ Aug 9 2022, 07:22 PM)
Dulu buy condo 250k rent out rm1300-1500

Now buy 500k condo rm1700 oso very hard to get sad.gif
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cry.gif cry.gif cry.gif cry.gif
ikankering
post Aug 9 2022, 09:42 PM

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QUOTE(Evolving Skies @ Aug 9 2022, 07:18 PM)
Maintenance > 5 figures, not worth it.
Rather live in HDB whereas house chores only take me half an hour every weekend.
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2 house enough.
learn from my mistake.
Noryume
post Aug 9 2022, 09:48 PM

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QUOTE(pisces88 @ Aug 9 2022, 06:43 PM)
usually i dont think like that, i jus like the idea of people paying for my property..
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This
ListenToTheWind
post Aug 9 2022, 09:51 PM

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House prices has appreciate out of my reach.
I can only tumpang at my old man place in which he bought for rm90k 30 over years ago. Today the same unit is asking for rm750k. Scary.
SUSFenix98
post Aug 9 2022, 09:55 PM

Happy Meal upsized Sir?
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kamfoo
post Aug 10 2022, 03:56 AM

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bbb
jojolicia
post Aug 10 2022, 06:45 AM

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Yes invest in reit while renting is the double win, way forward

This post has been edited by jojolicia: Aug 10 2022, 07:16 AM
potatobanana
post Aug 10 2022, 06:57 AM

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Thanks for sharing

House is not easy to own, lot's of fees comes into play
Maintenance.. land tax, this tax, that tax

Crazy woi
Jazted
post Aug 10 2022, 08:01 AM

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QUOTE(max_cavalera @ Aug 9 2022, 07:22 PM)
Dulu buy condo 250k rent out rm1300-1500

Now buy 500k condo rm1700 oso very hard to get sad.gif

Now banks and developer gip trick owh u can tarik loan until 35-40 years to cover the lower rent…

After this rent keep on supress while prop price keep up up up owh okay we can gip u 50-60 years loan smile.gif
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Too many housing supply.

 

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