QUOTE(ken_zie @ Jul 12 2023, 02:20 PM)
Personal reason why I'm applying for SAMM unit:
1) I'm looking for smaller property and non-SAMM property that is below 700 sqft (such as SOHO, SOVO) is too expensive.
2) I don't want to take the risk of being possibly burdened by the mortgage in another 10 - 20 years' time if I want to slow down, work less (means earning lesser)
3) For SAMM, it seems like I can enjoy better quality property and facilities as it is shared with other open market units, unlike RSKU which seems to have lesser facilities. Correct me if I'm wrong.
4) Lesser headache if I cannot sell a 250k property compared to a 600k property?
if you still living in Malaysia...really difficult not to work hard until you die cos RM keep depreciating... you need to own at least one property (good one) to hedge inflation...
SAMM is not a good property...cos the value wont appreciate...
is just a temporary shelter for you while in future...your family size and income will increase...so you still need a better place to grow your family...unless you dont want to kahwin and expect to live like now forever...
i bought 500k property 10 years ago...and it appreciate 2x.... i bought another few properties to invest and they generating passive income for me... over the years...my tenants help me to pay mortgages... this is how we hedge inflation...
This post has been edited by bigman: Jul 12 2023, 05:10 PM