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 Is buying second home a good strategy?, For young couple...

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Cavatzu
post Feb 8 2023, 06:59 AM

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Don’t bother with Ipoh. You’d be subsidising an empty house for years which may become a burden. Focus on building your wealth. Your preferences may change and you won’t want to live in a slow area moreover you got over 30 years to go which is a very long time.
Cavatzu
post Feb 8 2023, 09:19 AM

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QUOTE(CoolStoryWriter @ Feb 8 2023, 08:20 AM)
Hm good point. But is my worry valid? Lets say i live in my apartment until children grow up, if I plan to buy property at 50, i fear i no longer able since bank will not lend me 30-35 year loan...
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This is classic FOMO at work. It works in an otherwise stable economy and environment. Too many variables to worry about in this country. Would you still want to live in Ipoh if it became a PAS state? This is how drastic the tide can turn here.

Focus on building your career and wealth so you can afford what you want later on. Capital city real estate will always appreciate better than a small town.

 

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