Hi All,

Can anyone advice whether to save all the money i have to get a shoplot first or to get a house instead.

depend on situation.

as for me i will get house and start invest.....

apple n orange comparison, ask urself , what do u want ? not ask ppl what should u get.

basic; get a roof over your head; commercial like shoplot are high risk and not suitable; if wrong area; you will burn

It is true also to ask my self what to get. But i'm just worried to simply invest on something.

I can simply spend on vege's in the market but i cant do it on properties

So the main thing i wish to know is whether is there any steps for a entry lvl buyer like me with the average wages of 3k+ to start an investment.

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Added on December 28, 2007, 4:56 pmYeah, actually i'm worry about what u said as well. Buy i want to do some investment on this field as i think my current job wont be enough for me for the next 10 yrs plus. So hope to see whether is there a decent way to make my way through with my current wages.

This post has been edited by coltrine: Dec 28 2007, 04:56 PM

i love to say this : Don get into any investment tht u are not familiar with eventhough it might give u longterm high return.
obviously in this case, i would say getting a house might also cause u some problem, not to mention investment on shoplot.

Hmm. . . ok. I guess i need to work hard first b4 planing in investment

read more on property investment , understand all the charges n calculation of it b4 u got ur hands on it, tht will benefit u in long run. u donwan ur hard earned money to get stuck or depreciate in the next 15-30yrs.

but if u r buying house for own stay, get something suits ur taste n budget, it doesn;t hav to be big, affordability is more important, u can always upgrade when u hav a bigger family n higher income. cheers!

I think yewkhuay had given a very good advise.
Remember, one thing which I always stress. If you are to buy a house for own stay; do not treat it as an investment. We have our fair share of debates on this before and My POV is still the same, i.e. shop lot is definitely an investment unless you want to live in it and treat it as a home.
A home is where you stay. You spend money to live in comfort. Like cars. You buy for your own transportation and personal use, it's not an investment. But if you buy a car for the purpose of business, i.e. a van/lorry to help you deliver your product than it's an investment to your benefit. It helps you generate income.

So now, think again.

This post has been edited by b00n: Dec 29 2007, 12:30 AM

buying house for own stay cant really treat it as an investment. unless after you buy it and strictly for rent only?

good suggestion, may i ask do u know the criterias of picking a nice shoplot n the price tht u hav to pay ? for a 3K+/month wage person, getting a decent house might hav got him into serious financial crisis without proper saving n planning.

I did tough of that where i wont have money left to invest. Saving all the money i have and may be having a shop lots together with my siblings. Come to think about shoplot, how about get a cheap shoplot in a shopping mall? Will what be a better choice? Cause i saw one in Cheras, i think the Mall is called Shamline One. Selling shop unit for RM111k+.

Tot of getting it and rent out RM1.5k and earn profit RM600+. Any oppinion on this?

if it is tht kinda shoplot u may consider, but preferable with existing tenants. survey around for the rental price (sure is 1500/m can get ?), location of the MALL n the lot location in the mall, and the potential of doing business there ( think for ur tenants too, u donwan to hav new tenants every few months). IF u donwanto rent a lot n do business there, don expect others will do.

excellent advise.

TS, it pays that u learn 1st prior commiting to a huge, long term investment. While u can always make good money from properties, u can also loose big time.

Personally, I'd go for win-win situations, and buy an investment house/condo/apartments that I dont mind using myslef in case things didnt turn up as what I expected. So far this has worked wonders for me

equity home loan? as in u buy the house and see the price appreciate.
the best is you buy a house; do not rush into commercial; you will burn out at first and it is not easy gain.
when i asses the economy now as in how it is volatile to the sub prime crisis;
it proven tat next position is the commercial area.
so better watch out on this

Hmm, can explain more cause dont really understand the one high-lighted above

pls enlighten me how do u asses our economy and y is it volatile to sub prime crisis in US and y do u think next affected is commercial area.

buy the house n see the price appreciate? pls don mis-guide new buyer here.

correct me if `i`m wrong

this is my opinion; down the track next year; commercial property might be hit with sub prime issue; (i`m not economy student ) but just a normal reader and see where things are heading.

currently ; residential part feel the pain; what about later; how about commercial? If retail slowdown; doesn't this logically will impact on leasing and building of commercials?all is chain reaction.

about buying house; i`m not sure how it works in malaysia; where you got to have minimum about of deposit to purchase. I'm not sure if the banks do really offer such loan where you can buy a house and let it appreciate by equity.I'm sorry if i misguide you; but this is the option available overseas.

many apalogy if i misguide you guys and pls correct me >.< still learning

all I could say from observation, US sub prime had not really "hit" us yet.
Anyway where's the notion on residential feeling the pain!?
There's lots of developments booming and most are selling well; so just to prove that the market is still going strong.

Cheers!

Subprime issue in US won't hurt directly the local property market, there is no link between them.
Subprime issue (if it stay at like current situation, don't spread overwhelming to consumer spending power) will only affect the part of macro-economy, and export industry in Malaysia. By then, it will more and less affect property market demand but not that great. Actually subprime like its word 'sub' which the loan is giving out to those non-prime people whom are not having fully qualification for the loan. It is already a high risk game initially, so banks paid the price for the greediness.

With inflation looming around, property market soon will follow suit as raw consturction material will be (or in the progress) sky-rocketing which will affect the future pricing of local properties. In the high inflation situation, property sector may initially slow down or plunging due to less demand, but it will rise back due to inflation as cost of materials rising.

Properties sector can slow down due to US economy issue but it won't make local property market collapsing like US real estate sector. US real estate problem is due to bubbling state of real estate there previously. It is like you rise too fast too quick then pay the pain of overbuilt, over-borrowing.

Residential sector feeling the pain?

I only know property market here is not having tremedous good time nor also having bad time, mostly done at OK level.

Just my 2 cents and swallow knowledge. I might be wrong.

This post has been edited by cherroy: Dec 29 2007, 03:34 PM