What age expected to buy own property ? If only start to purchase own home at 40 is normal?

Or 30 start home loan

I think rent fully furnished nicer as can every few years can move

But eventually want to have 1 home base instead of parking in parents place

what age? If your age is 40 and still poortard then does it matter?
Buy when you can afford la

YOLO

exactly, who cares about property when you have MYR1mil in your debit card.

24, 25, 26, 28, 30, 31

In /k everyone rents for life. Period

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...

32 or 33 buy...

Depend on ur parents upbringing. They will leave a substantial subconsious imprint on you.

I once was dumbfounded why my best fren with good stable job…good income…keep on looking for house to buy when s&p and everything is ready keep on canceling buying house giving multiple BS reason to me.

And also why keep driving junk old car with his good salary. Then i saw his dad only buy home after retirement. Keep driving his old wira breakdwon keep repair u til the roof paint berkurap also keep using it. Then now i know why my friend behave that way.

I also had a sis in law that have masters qualification but work just as a clinic admin/xray asst…. Coz her mom oso same git high qualification as master degree but work simple2 job and by 35-40 just become housewife…

best is don buy any .... too long to commit and might end up being your worst ever commitment

i started at 20

mine was 23. 600k. loaned 400k. 1200sqft

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
damm heavy commitment until age 70

This post has been edited by stevenlee: Dec 13 2022, 01:44 PM

if buy for investment, go ahead.

if salary/income B40 level but thinking about buying property for oneself to occupy, then no need la. 2022 already, the trend is leasing and renting. the definition of 'ownership' no longer buy buy buy.

same goes for many daily things around us, not only houses.

We should adopt Japan model. House is consider a depreciating asset.

When cheap cheap everybody can buy.

These examples live for themselves. Because others aren't going to live your life, so why should others dictate, via social and peer pressure, how you should live your life?

People complain Tiktok generation do stupid shit because others do but they themselves doing what Tiktok generation have been doing. Giving in to social pressure to conform to others' ideals.

This what im thinking

Now days so many nice decent fully furnished to find on rent

When you old, retired and no income, still have to worry about paying rent every month.

https://www.youtube.com/@FinancialFaiz/search?query=rumah

I wont say must buy or keep on renting.

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….

This post has been edited by max_cavalera: Dec 13 2022, 02:28 PM

>5K can consider but do it after 1,001 homework on valuation

U buy when u can afford and when u willing to commit.

27

buy simple one also nvm, must start somewhere, having ur own place to stay is very important.....

Buy for what. Better rent and skip maintenance fees. Then run away to another place

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

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.

Yes nowadays RM2k can rent a nice fully furnished condo already.

No need buy, EPF enough to cover old folks home.

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

ETF also about timing. U buy in 2019 until now, still got 7-8 % PA meh. U probably losing or breakeven

28
750sqft
Pay 1283 until I die
Love my shoebox nest
12floor Penang island
Near Penang bridge

17 mama sponsor

I self made....

Ikering

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

Between 22 to 75.

Some Helang may be able to buy <22y.o.,
but don’t have to mind that.

750sqft studio size....cozy little nest for yourself or just a couple.

18 years old also can buy already

50 years old bank still pinjam...buy la

First prop: 25
Second prop: 32
Third prop: 35

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.

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

I would rather have $5 million in my bank account and renting a house, than having a $5 mil house but $10k in my bank account

Or..

4.5mil in my bank account and own a house.

Inb4 peasant mentality

got money or rich fama support can buy earlier... no money buy later or rent for life

Rent a studio and park money in ASB jer

RM500k is peasant house la.

if got 5 mil good la...
but old already got money kena evicted no one want to rent to you, can scramble last minute to buy and stay in hotel waiting for the property to be ready or settle

when you can afford at least 40% of the property price

why 40%?

5% of SPA legal fees
10% downpayment
10-20% renovation and furnishing

5%-15%- 12-24 months repayment contingency sum

so it's not the matter of age, is the matter when can you afford the amount

Rather than setting an age limit, it's better to check other factors...

Factor such as
1. Purpose. For own stay or not.
2. Affordability
3. Current property market

It does not depend on age but affordability

If already 30 still dont make more than 4k then just continue rent or live with parents lor

no money, have to rent expensive place for work and no support from FAMA. Only managed to kumpul money for deposit and abit for renovation for landed terrace 11KM from KL city centre at 30 years old

If no need to rent place earlier, maybe can buy sooner...hidup perantauan...

So if u are at ipoh.. u can stay all for free

deleted

This post has been edited by prophetjul: Dec 13 2022, 03:13 PM

At 5m with 4% fd rate

That will be 200k per year interest

16k a mth..

Want to rent where also can la

Rather than renting for RM3-4k/mth,
I’d rather live modestly as a peasant.

whenever you can afford

Even 55 years old is not too late, you can withdraw your EPF to buy your retire house

Rm3k above rental is top end house.

you got very high expectation....

1st property buy unit good enough, flat/appartment/condo

20% cukup

got 100k savings, buy 500k unit with 10% downpayment
SPA/duty/legal fee where got need 5%? you buy mansion ka?
10% for misc and keep ramaining for rainy day

semi newish unit, reno kitchen or bath room, basic kitchen, kasi paint all change some light, use existing furniture ok la... other stuffs can later do.
Kitchen and bathroom is most susah do after moved in.

Best no need to do anything else, save money buy another bigger property later.

poor people dun act like elite

Pretty much.

When u dont have u will crazily want it.

When u have u dont even care.

Same analogy like my wife bought me a shoe that cost rm400+.

I actually dont know and i dont even care the brand or price. I just feel this shoe comfy same like the one cheapo one in decathlon or some cheapo shoe shop i buy in ghetto area.

Only when i go back hometown my sis shock looking at my shoe and said this one cost rm400.

I said i dunno and i dont care actually coz my wife bought for me. It just feel like any other generic shoe.

Hghhhh charsiew kid enjoy

many ppl buy as early as 20s/25s/30s, apa susah actually

at least 70% ask for help from papa mama to fork out downpayment then they just pay loan for 30 years

based on your affordability, not by age .

now cant finance a new car then only at 70 u could start enjoying life with 0 debt, u dont find something wrong with it? tf

do you know the price of renovating kitchen and bath this these days?

if proper channel through REN agent + SPA legal + runner fee, already 4% bro. valuation fee not free if not new unit?

Rich helang/t20 ipoh yo

This post has been edited by skyblack4492: Dec 13 2022, 03:34 PM

t20 in ipoh maybe

helang? tigerlane and tambun is the place whr real helang live in ipoh, mainly lah

I feel these youngsters buy 300-400k house dont even have extra money for renovation in epf, so dont buy something out of your capability

worse thing is lend money to cover many holes

Most of them when 23 24 25 buy 400 500k property ada fama bank one or grandfather mother bank or inheritance

If you forsee thats golden opportunity for you to invest, go for it. But most of the time its not worth to lend money to buy something thats not easily cash out. Its just supply is too much at this poiint

RM500k peasant
RM3k+ monthly rental top end pulak

Apa lagi <insert race> mahu???

for condo/flat maybe surplus

real deal is on landed now

Most rental price i know all below loan interest rate. Cause either owner already pay off the loan, got early developer discount, or just barely offset loan to resell at higher price in future. I know a studio unit only rm2.8k only fully furnished with included water and WiFi. Imagine what rm3k above can get u.

I know someone trying to sell a dilapidated apartment for rm600k with a decade old plumbing, unrenovated at suburb. That was some time ago, heard owner selling at lost.

This post has been edited by TrialGone: Dec 13 2022, 04:01 PM

not really
unless if you could find a 500k landed very close to kl city area
most people want to avoid traffic jam

Wow bro RM2.8k for a studio unit?

Which area?

Heard bangsar something. Bangsar South I reckon.

not at this point since property will increase in value over time.
i can sell it at anytime in case i want.
the first property i bought almost double in price according to market value.
the second prop is x2 value now since i bought at staff price from my wife company.
the 3rd is under value buy it during covid.

furthermore, within this few year, our salary and earning will increase over time as well...
now i cant enjoy, it doesnt mean i cant in next 5 year right

all about planning....

26 already own 1, 30 own another 1.

I pay RM1700 for a fully furnished 440sqft studio.
-Bangsar area.

Pre-covid used to rent upwards of RM2200 for fully furnished (all units were fully furnished by developer)

Today anything that is RM2000 or above either no tenant or is a unit that's furnished and renovated by an ID.

Building is 50% empty.

Southlink? Southview ?

Bought my first property - a low cost flats at 26 (still single at that time). RM70k. Lived there till 3 kids later. Then moved on to terrace house.

First house 25

29 bought my third popeti this year. Second and third lelong popeti.

Nadi.

my first property is at age 27

What if amoi/awek saw ur house and said

"Ewwww, u live in a ppr only? Yerrrr so poor, u wan kongkek in this pigeon hole ka?"

U got feel malu or not

30 year old
600k condo
1.2k sq ft
50/50 with waifu

Boz. The flat plan to sell? can pm me?

some richfag family i know of before born parents already have few units ready to pass to them once they hit 18yrs old

so such problem never cross their mind before

That's the trap where everyone thinks their salary and earnings will increase over time....Lots of people didn't foresee Covid right?

21 (after 1 year working),
25 (current living in)
28 (rental +ve cashflow)
28 (rental +ve cashflow)
28 (rental +ve cashflow)
34 (rental, enough cover mortgage but not enough cover maintenance)
34 (rental, enough cover mortgage but not enough cover maintenance)
34 (just vacant)
36 (under con, first landed semi-d)

Supply and demand come to play. Because Malaysians are conservative, they value property that's why prices so high. When we go through a paradigm shift where people don't want the hassle of owning property then those who horde property will be left with the short straw.

Nothing is forever. Last time people own land, that is valuable. Now you own a small plot on its own is useless. After 30 years the neighborhood becomes old, decrepit and undesirable. After some time you need to spend on repairs. Don't put all your chips in property.

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

Ask icemanfx who still cannot afford to buy one

This post has been edited by New Klang: Dec 13 2022, 05:10 PM

debt trap is real bro.... if you have spare case after pay everything then go ahead...else better rent a room and avoid heart attack from OPR raise

Actually more like didn't foresee US interest rate hike after pandemic which lead to other countries increasing their own rate which means higher interest for adjustable rate loan.

nowadays many developers offering zero down payment.. it makes things easier la but just make sure got money to pay monthly instalment etc

Lol. That's the tactic used to prop up ownership numbers. Like 90% occupancy, buy now or miss it marketing crap. Then later becum semi ghost building cause many cannot pay back loan.

as does not matter just dont over commit

that’s why have to make sure got money to pay instalment lor