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 What age buy own property

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-H[20]-
post Dec 13 2022, 05:53 PM

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QUOTE(fantasy1989 @ Dec 13 2022, 05:07 PM)
also need to check your interested property vs your income ratio

just like if you work in KL and earning 5k

buying house at pahang or perak outskirt will be easier for you compared to penang island or KL property
*
Or islander can just buy near penang IKEA



Owai
fantasy1989
post Dec 13 2022, 08:44 PM

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QUOTE(-H20- @ Dec 13 2022, 05:53 PM)
Or islander can  just buy near penang IKEA
Owai
*
also not cheap already laugh.gif
Nagashiro
post Dec 13 2022, 08:47 PM

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Started on 30.


gyver
post Dec 13 2022, 09:20 PM

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ar188
post Dec 13 2022, 09:38 PM

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buy house still need another half the amt to reno nice nice.
but dont feel like getting potong by contractors...so spend a few years on the fabrication side to know how to get things done at cost . example 20k kitchen costing 5k to make. biggrin.gif
TSRaddus
post Dec 13 2022, 09:39 PM

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QUOTE(ar188 @ Dec 13 2022, 09:38 PM)
buy house still need another half the amt to reno nice nice.
but dont feel like getting potong by contractors...so spend a few years on the fabrication side to know how to get things done at cost . example 20k kitchen costing 5k to make. biggrin.gif
*
Thats why i say better to find nice place to rent that is fully furnished
ar188
post Dec 13 2022, 09:41 PM

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QUOTE(Raddus @ Dec 13 2022, 09:39 PM)
Thats why i say better to find nice place to rent that is fully furnished
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usually fully furnished "rented" space is quite low end furnishing.

you can check makeover guys. they speciallize in furnishing for rental.


TSRaddus
post Dec 13 2022, 09:52 PM

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QUOTE(ar188 @ Dec 13 2022, 09:41 PM)
usually fully furnished "rented" space is quite low end furnishing.

you can check makeover guys. they speciallize in furnishing for rental.
*
Makeover guys also cheapen out? But of course if want cheap sure stuff will be cheap

This post has been edited by Raddus: Dec 13 2022, 09:52 PM
gx_azam
post Dec 13 2022, 09:54 PM

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27 first highrise, 30 first landed
katijar
post Dec 13 2022, 09:58 PM

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Bought my first beach villa around 23 if i am not wrong
JimbeamofNRT
post Dec 13 2022, 10:02 PM

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QUOTE(ar188 @ Dec 13 2022, 09:41 PM)
usually fully furnished "rented" space is quite low end furnishing.

you can check makeover guys. they speciallize in furnishing for rental.
*
waaa big boss long time no see. how are you??
Zoo Howl
post Dec 13 2022, 10:04 PM

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QUOTE(soul78 @ Dec 13 2022, 01:28 PM)
Buying a prop had nothing to do with age...

Its earning power. If you able to earn a decent amount and u have saved enough for down payment n can afford the monthly installments including and ability to service that for 1 year without a job in case of emergency. Then u can afford a house.

If not baik rent a room or house jer.
Don't get urself into a debt trap...
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Now no need save money for downpayment. Can use the cash back by the developer to be contra as downpayment

QUOTE(stevenlee @ Dec 13 2022, 01:44 PM)
i bought first home at 30 (semi D corner) , second at 38 (Condo) and third at 40 (landed terrace)...
end up no money to finance a new car now tongue.gif
damm heavy commitment until age 70 sad.gif
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Ur salary must be super high to be able to afford 3 homes

Why u need so many? To rent out?
stevenlee
post Dec 13 2022, 10:29 PM

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QUOTE(Zoo Howl @ Dec 13 2022, 10:04 PM)
Now no need save money for downpayment. Can use the cash back by the developer to be contra as downpayment
Ur salary must be super high to be able to afford 3 homes

Why u need so many? To rent out?
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my salary not very high.... sweat.gif
all you need is planning.. i dont drink, dont cheong, no smoke..
most of time i spend with my family windows shopping at mall...
seldom eat luxury unless celebration..

my total prop combine, the monthly installment around 6k.
i buy for my kid in future so they dont hv to susah save money.
furthermore, it will be my future income during retirement time. smile.gif
SUSForgotPassword
post Dec 13 2022, 10:35 PM

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QUOTE(pisces88 @ Dec 13 2022, 01:26 PM)
24, 25, 26, 28, 30, 31
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Kesian. Seems like you are the exit liquidity.
Zoo Howl
post Dec 13 2022, 10:40 PM

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QUOTE(stevenlee @ Dec 13 2022, 10:29 PM)
my salary not very high.... sweat.gif
all you need is planning.. i dont drink, dont cheong, no smoke..
most of time i spend with my family windows shopping at mall...
seldom eat luxury unless celebration..

my total prop combine, the monthly installment around 6k.
i buy for my kid in future so they dont hv to susah save money.
furthermore, it will be my future income during retirement time. smile.gif
*
Now not easy to buy 3 properties unless u hv high income and high savings to reduce loan…
galkelly
post Dec 13 2022, 10:40 PM

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No specific time or age to buy property...
If you can afford go for it ...
But as always I prefer landed over high rise...
ar188
post Dec 13 2022, 10:41 PM

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QUOTE(JimbeamofNRT @ Dec 13 2022, 10:02 PM)
waaa big boss long time no see. how are you??
*
biggrin.gif busy with making furniture
stevenlee
post Dec 13 2022, 10:52 PM

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QUOTE(Zoo Howl @ Dec 13 2022, 10:40 PM)
Now not easy to buy 3 properties unless u hv high income and high savings to reduce loan…
*
yeah it not easy to own 3 prop...
i rented out 2 to cover my loan since i not going to stay..
instead of keep it empty, i rented my condo and my semi D.
while my family of 5, stay in terrace gated guarded house..
this help cover my loan...

me and my wife use to set saving target yearly.
we strive and try to save 20k annually, thus when reach age 30, we hv large sum money able to cover 50% of my total first house price..
some of my friend alway talk about me "dont know how to enjoy life" smile.gif
driving old axia and 2008 estima until now laugh.gif even we can afford 400k~500k car laugh.gif
even weekend, sometime we just stay home playing game or watching youtube laugh.gif

recently, my wife told me to get another prop in penang which cost RM750k..
i kinda struggle to get more money as now i already headache to get extra money to finance my new alphard next year...
So, i hv to reconsider either to continue drive my old 08 Estima and buy new condo in penang island or ignore the condo and go with new alphard laugh.gif

my every day goal is thinking how to get more money until i end up high blood pressure and landed in hospital last month laugh.gif
kkkw80
post Dec 13 2022, 11:07 PM

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Bought my 1st property at age 21, a condo worth then 190k. Sold it after 6 years for 470k then bought a DSL for 400k. Sold it after 9 years for 700k and bought a semid 1.7m which now worth 2.1m. Gonna retire in this house and wouldn’t be selling it
pisces88
post Dec 13 2022, 11:08 PM

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QUOTE(ForgotPassword @ Dec 13 2022, 10:35 PM)
Kesian. Seems like you are the exit liquidity.
*
er feels ok la, so far all rented out. but u are right , i missed the boom era

This post has been edited by pisces88: Dec 13 2022, 11:09 PM

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