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 Malaysia property is Oversupply

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friedricetheman
post Sep 6 2024, 11:46 AM

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QUOTE(dogbert_chew @ Sep 6 2024, 11:03 AM)
Am currently renting a million ringgit property for less than 3K. Haven't seen much capital appreciation in this area for a decade now.

In this context, for me, rent is better while I redirect my funds elsewhere.
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Ya. Even my area, rental is very low. Those “investors” who buy run down homes and minimal renovate them all got stuck with the unit for a few years now. Every weekend got open house to ask people to come view the house but nobody came. Very kesian. Even with a very nice swimming pool installed, nobody want also.
kenzotaj
post Sep 6 2024, 11:54 AM

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buying house / condo is a "forced saving" for our upcoming golden old age.
Continuously renting although sounds cheaper for short term but will only end up squandered off the extra cash.
If u like moving out every few years, go ahead renting
Or else landlord will gradually increases rent when u r a long term tenant


Aaron212
post Sep 6 2024, 12:28 PM

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QUOTE(kenzotaj @ Sep 6 2024, 07:54 AM)
buying house / condo is a "forced saving" for our upcoming golden old age. 
Continuously renting although sounds cheaper for short term but will only end up squandered off the extra cash. 
If u like moving out every few years, go ahead renting
Or else landlord will gradually increases rent when u r a long term tenant
*
we are actually borrowing future moni to own a house now

it makes sense if u pay abit extra each time so payment done earlier n interest is still within logical calculations

i agreed its forced savings

once gaji masuk, pay loan 1st
Avenger_2012
post Sep 6 2024, 03:50 PM

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QUOTE(friedricetheman @ Sep 6 2024, 11:43 AM)
Kesian. Landlord is suffering. Nevermind la. Your guru preached “die with all the debts” strategy. Sure okay one since it’s a paid course.

Just need to wait for the next property upswing in 50 years time since property overhang is now reaching 40% liao.
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I think you are confused. I don’t have a guru or I am a suffering landlord.
I an just stating the fact that I have 3 investment properties, all of which I am happily laughing to the bank every month as those are positive income flow for me..

Yes, there are bad investments, there are bad strategy outside.
But it’s shallow to think that all properties are bad. Just because you can’t make money out of it, doesn’t mean others failed.
friedricetheman
post Sep 6 2024, 03:54 PM

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QUOTE(Avenger_2012 @ Sep 6 2024, 03:50 PM)
I think you are confused. I don’t have a guru or I am  a suffering landlord.
I an just stating the fact that I have 3 investment properties, all of which I am happily laughing to the bank every month as those are positive income flow for me..

Yes, there are bad investments, there are bad strategy outside.
But it’s shallow to think that all properties are bad. Just because you can’t make money out of it, doesn’t mean others failed.
*
Ok bro. Good for you. Lol

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