>5K can consider but do it after 1,001 homework on valuation
What age buy own property
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 Dec 13 2022, 02:23 PM
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143 posts Joined: Apr 2011 
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Dec 13 2022, 02:26 PM
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way
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U buy when u can afford and when u willing to commit.
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Dec 13 2022, 02:28 PM
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#23
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Junior Member
27 posts Joined: Feb 2022 From: Knowhere 
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27
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Dec 13 2022, 02:28 PM
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Junior Member
455 posts Joined: Jul 2006
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buy simple one also nvm, must start somewhere, having ur own place to stay is very important.....
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Dec 13 2022, 02:29 PM
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Junior Member
10 posts Joined: Mar 2022
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Buy for what. Better rent and skip maintenance fees. Then run away to another place
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Dec 13 2022, 02:30 PM
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#26
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Junior Member
966 posts Joined: Nov 2009
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Just to clarify
You mean buy own property Or get house loan and lease from bank The former is rare the latter is normal though see less these days because younger couples prefer rent |
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Dec 13 2022, 02:31 PM
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#27
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Junior Member
90 posts Joined: Jun 2022
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QUOTE(poweredbydiscuz @ Dec 13 2022, 02:14 PM) When you old, retired and no income, still have to worry about paying rent every month. Nowadays buy 1 house 500k, plus interest over 35 years is around 1mil, plus other hidden house ownership cost and renovation maybe go until 1.5mil.  Rent that same house maybe monthly 2k only. Do your math. Forever cannot breakeven one. House won't appreciate already. I rather use my cash for ETF which bring in 7-8% annual return. as77 and max_cavalera liked this post
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Dec 13 2022, 02:37 PM
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#28
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Junior Member
349 posts Joined: Dec 2008 From: Kuala Lumpur, Malaysia 
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Yes nowadays RM2k can rent a nice fully furnished condo already.
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Dec 13 2022, 02:38 PM
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Junior Member
2 posts Joined: Feb 2022
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No need buy, EPF enough to cover old folks home.
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Dec 13 2022, 02:38 PM
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Junior Member
432 posts Joined: Apr 2009
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There's no exact age, buy when you have the capability to pay, if you wish to rent make sure you got holding power. For example if there's no tenant you can still able to pay the monthly commitment.
I bought my first house when i was 24, then bought my second house this year when i was 31. 1st house i rent it out, 2nd house buy for my mum to stay. The best property is that you can stay, sell, and rent, some new project property you can rent but the rental is very low, and some can't even cover the monthly commitment. Now i'm staying at Glenmarie nearer to workplace, rent a house is more flexible as it allow you to stay nearer to your workplace. BTW if you wish to buy you may consider to rent the other room, my friend did this, so he can get income to cover the monthly commitment. Once he get married he ended the contract and stay with his wife and family. This post has been edited by aPiT_OxyMoxy: Dec 13 2022, 02:42 PM |
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Dec 13 2022, 02:42 PM
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Senior Member
3,970 posts Joined: Nov 2007
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QUOTE(bogletails @ Dec 13 2022, 02:31 PM) Nowadays buy 1 house 500k, plus interest over 35 years is around 1mil, plus other hidden house ownership cost and renovation maybe go until 1.5mil. ETF also about timing. U buy in 2019 until now, still got 7-8 % PA meh. U probably losing or breakevenRent that same house maybe monthly 2k only. Do your math. Forever cannot breakeven one. House won't appreciate already. I rather use my cash for ETF which bring in 7-8% annual return. |
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Dec 13 2022, 02:43 PM
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Junior Member
206 posts Joined: Mar 2011
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750sqft Pay 1283 until I die Love my shoebox nest 12floor Penang island Near Penang bridge |
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Dec 13 2022, 02:44 PM
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Junior Member
56 posts Joined: Aug 2017
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17 mama sponsor
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Dec 13 2022, 02:46 PM
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#34
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Junior Member
27 posts Joined: Feb 2022 From: Knowhere
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QUOTE(Kylow @ Dec 13 2022, 02:44 PM) 17 mama sponsor I self made....Ikering |
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Dec 13 2022, 02:48 PM
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#35
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Junior Member
90 posts Joined: Jun 2022
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QUOTE(pisces88 @ Dec 13 2022, 02:42 PM) ETF also about timing. U buy in 2019 until now, still got 7-8 % PA meh. U probably losing or breakeven Just checked S&P500 up 57% since 2019 until today. LoL sorry don't have 7-8% it's 20% per year. Btw u shouldn't see ETF return at short term like that. House also can drop price in short term. S&P500 average 7-8% for the past few decades lol |
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Dec 13 2022, 02:49 PM
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Senior Member
1,304 posts Joined: Mar 2010
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QUOTE(Raddus @ Dec 13 2022, 01:23 PM) What age expected to buy own property ? Between 22 to 75. Some Helang may be able to buy <22y.o., but don’t have to mind that. |
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Dec 13 2022, 02:49 PM
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#37
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Junior Member
349 posts Joined: Dec 2008 From: Kuala Lumpur, Malaysia
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QUOTE(PortgasDerekAce @ Dec 13 2022, 02:43 PM) 28 750sqft studio size....cozy little nest for yourself or just a couple.750sqft Pay 1283 until I die Love my shoebox nest 12floor Penang island Near Penang bridge |
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Dec 13 2022, 02:51 PM
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Senior Member
1,119 posts Joined: Jun 2007
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18 years old also can buy already
50 years old bank still pinjam...buy la |
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Dec 13 2022, 02:51 PM
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#39
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Junior Member
424 posts Joined: Sep 2015
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First prop: 25
Second prop: 32 Third prop: 35 |
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Dec 13 2022, 02:53 PM
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#40
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Junior Member
603 posts Joined: Sep 2017
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QUOTE(max_cavalera @ Dec 13 2022, 02:22 PM) I wont say must buy or keep on renting. Pretty much. Pipu forgot that unlike old days changing job frequently is a thing now. Old time parents loyal to a company can get pay rise and promotion. Nowadays most sht companies think easy to replace employees so end up employees have to change job to get the increment.Coz even among my siblings i witness so much money being spent on their dream home…and eventually after just a few years the house have to be vacated due to they kena transfer to work other states, district, change job with better offer… And this happen to all 4 of my bro and sis Also 1 of my older sis already plan to sell her semi D in Seri Manjung Perak. Thought she gonna retire in Perak but fate brought her to now work in KL… My older bro bought a bungalow with land near taiping but now its wmpty as he and wife been transferred to work in sarawak… My younger sis just spent almost 600k for a 3 storey super link in ipoh town plus some nice reno…not even a year she gaduh with her bos and kena transfer to small village in slim river… My youngest sis with her 2 storey house in ipoh and next year need to transfer selangor or kl to complete her specialist practical in those hosp…. When u thinking of buying, u also need to look at where u be in future cause its not easy to let it go. One advice is buy where u think u going to retire. This post has been edited by TrialGone: Dec 13 2022, 02:54 PM max_cavalera liked this post
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