Question: To buy or to rent a house? | EstateMalaysia.com
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- Опубликовано: 8 сен 2024
- So I heard youngsters complaining about squeezing every drop of their income to buy a house, and then the jam to work. So I thought ... many Europeans never bothered about this, Japanese too.
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Buy a house at bangi. Working at putrajaya travel with kapcai. 20 minute, 20-30km. Suddenly your office move to Jalan Duta. Still travel with kapcai but risking your life on jalan raya for more than 1 hour, 60-70km. Thats it
SOMEBODY'S GOT A HAAAAIRCUUUUT
Time change. Last time rental is high compare today and houses are cheaper to own. But if youngster dont own a house, mostly they will spend what they earn. To me, owning a house is a responsibility to my family.
Jackson Lim agree
agree, for the long terms. whatever size your house at least u have your own shelter for ur family. pendapat i cara beli property tu yg kena betul dan dari usia muda. fya mostly loan rumah reject sbb high commitment kerana beli kereta yg monthly besar. sgt merugikan
Bobby ! Im agree what you are saying. In JB , currently to buy a landed new house cost 600k -800k double story , how to buy ? this kind of prices, I will seriously think about this , I will choose to buy my dream car like Toyota 86 or AMG CLA , because yap, life is very short. You are correct.
I bought a 2nd hand landed property 6 years ago with price 400k+. Until now already spent about 250k including 10% down payment, SNP, renovation, furniture, maintenance, and monthly 2k installment.
If I just rent the similar house with 1k rental, I only need to spend 72k in the pass 6 years. If I sell the house now I still losing 60-80k although the market price increased about 100k. What is killing me is the high interest rate. 250k - 72k = 178k can buy Mazda CX-5 with cash.
So young man better think properly before buying a property.
You should check what are the current value of your house.
@@paulwong6073 should be RM500-550k. Price dropped last 2 years in this area.
Agree on your point. For youngster just don't rush to purchase property just because of "My same age friend ada, so I mesti ada". I am a tenant for more than 10 yrs although I got my own property. I still enjoy renting a property because of its flexibility. Like Bobby said, you really can get a lot Best Deal in the renting market out there. Like the one im currently staying now, Semi - D (38 x 86) in semenyih (is a lil far but im ok with travelling) with just rental RM1300 per month. But if you buy this you have to pay RM5k+ per month with RM400 maintenance fee. I rather use the differential to pump into my other investment which can generate higher return rate of passive income. Sometimes this is really difficult to explain this to others especially conservative person as they want a rather stable life, but then they end up working paying working paying, stop working then stop paying. To conclude, build your financial foundation while you are young by using your precious cash flow, and then buy the property while you can afford effortlessly.
Hi Jackson, and to Bobby also. I have to admit that you both got your point right. Agreed with your idea, but i wonder how do you cater with the renting cost that will cost you forever? even-though after you retired? Please advice, because I’m currently in dilemma whether to buy or keep on renting.
Hi ammir, dont get us wrong. Im not against buying property. We can buy the property when we can afford. My point is just don't rush to buy it when you have insufficient income,especially youngster. Admit it sometimes we kena brainwashed by the property agent or some marketing gimmick saying that buy now or never. Rent first, plan your financial first, use the cash flow build some passive income. Do not only depends on your salary where this will put you in the high risk when you or your company screw up.
Agreed as this opened my mind up
@@ammirfariszulkifli2745
Owning property incurs higher and higher maintenance cost as it gets older. Eg if you bought a house new when you were 30, the house would be 30 years old when you're 60, and would probably require some major work. But if you rent, you could just find another house.
Agreed...dont rush to buy house..if you buy a house u also need to pay bank loan for 30 years..let say u buy a house at the age of 30..and u need to pay until 60...and what if u have to move to another location due to change job or anything..better to buy when u have alot of savings, epf and etc after years of work hard..and at that time u can decide where to live ur life after retirement..for me after retirement I would like to buy a house at kampung area bcoz the property still consider cheap and affordable..at the age of 60 u dont need a big house..juz an affordable and comfortable house..
The longer u wait, the older u get. The older u get, the lower loan period u can get with the banks, thus more monthly instalments. If you can get one at a young age, go for it. And down the line, u can always try to sell it.
Your rental will not remain the same over a period of 30 years. Your house installment will while your salary increases through that period, given a slight fluctuation in interest rate. Most would have already paid up their house by late 30's or early 40's. In 40 years, your house would have already increased 10 fold.
Having a Rm500k house and a Rm300k car with RM0 bank account balance can be considered a portfolio failure in investment sense.
one tip.. if you live far from but work in KL, and can use the public transport (especially MRT), make use of the time by learning something new i.e. read or listen to podcasts or even watch videos you downloaded. it's really up to you to benefit your time.
It make sense to own a house eventually for own stay. And when you have a family, there is a lot more things to consider when moving around i.e. Kids schooling matter. Rental range from 1k to 2.5k per month and if u top up a bit u could be on your way to owning a home.
Thanks Bobby! Everyone should rent, only I buy. :) So I got a lot of customers.
This principle works if you are freshies / single /someone who minimalist or partners who share the same thinking. It's not quite practical if you already have family which tend to settle down, reluctant to move frequently due to tons of stuff etc.
I think it's a rather complicated topic and one that a lot of people have bias due to influences of their parents and *financial advisor* (Professional and friend), especially those who've made a big fortune during the property boom many years ago when the property are more affordable.
Traditionally speaking, owning a house comes with a lot of benefits, let me gives you guys some example and my opinion about it;
1) Investment, I seriously don't think house as a good investment in the current market sentiment but I personally knew some really smart people scooping out great deals from auction or friends and then selling it with great profit margins. It involves a lot of research, luck, and knowledge so good luck with that as most of the people I know didn't become rich from buying property.
2) Stability/Security, the basic need for all people is to have a shelter and having your own one really gives you a boost emotionally and probably your relationships too.
3) Prestige, you've made it in your life and you definitely wanted to have a house to show your status
4) Commitment, a double edge sword but some people would need this forced saving mechanism to prevent themselves to buy tons of impractical stuff. I've also seen friends that hate their job but couldn't leave the company due to the commitment and the current job security.
However, we're living in 2018 now where living standard is much better and tons of housing option, do you really want to take such a huge risk/gamble to own a house with a fixed address that will follow you in the form of debt for the next 35 years of your life?
My answer to the question above is no, I still have a lot of stuff that I wanted to explore and I don't want to risk making life decisions that I would regret for the rest of my life because I have a huge monthly recurring payment that I can't miss or risk having losing the house. Both I and my parents don't have the financial capacity to pay for the loan without having a stable continuous income source.
I don't think there is a right or wrong answer to this question as everyone have different life goals so just make sure you can afford it without affecting your lifestyle too much, you only have so many years to live and you wouldn't want to waste it to buy a house that comes with a 35 years loan tenure that destroys your life completely.
TLDR; If you really wanted to own a house and can afford to do so without destroying your lifestyle and financial health, let me congratulate you and by all means please buy it.
Damn. I own a house in Puchong and commute to work in Cheras but my wife works in Puchong 5 mins drive away. I should consider moving to Cheras alone, lol
Nice haircut bobby!! Looks way smarter now hahahahha
I’m lucky then:) bought a house 520k renting it for 3000 a month and which my instalment only 2300 so I guess I’m okay with buying
nice! which area is it?
Biggest problem in renting is that you may be forced to move every 2-3 years for whatever reason.Even moving from one floor to another is a pain. How many times do you want to move in your entire life ? If you can afford it, buy it, not rent.
Yew Kan Kong yup..maybe the landlord hiked the price of the rent
Live simply and don't accumulate junk. Then moving won't be a pain, but merely an exercise of non-attachment. Renting furnished property is good.
My solution would be simple, buy a landed property in the suburbs, areas like Kajang, Seri Kembangan or Selayang where houses range from 450-600 K, put a high d/payment, and by the time you retire, you'll have a house to live in, rather than scratching your head for rental money after retirement! Rental money and loan repayment is almost the same anyway!
Totally agree 💯. Renting is the way to go. Own a condo. All the figures you mention is spot on.
Agreed to a certain point of view.
Can’t afford just rent-but not for a long term basics.
End of the day-ownership of a house is still the key for retirement.
When a person is young,he can travel or lives any location or places but as age gets up.I do believe that to settling down with his own shelter is still the best thing for him or her.
crazy to buy a house. the loan tenure is long and the loan amount is big, so the interest portion itself is a big amount. If a rm330K loan, with 6 percent interest, and 30 years loan, the first 7 years payment you will made is only for the interest portion, which runs to rm100,000 to rm120,000.
true. bought a condo back in 2012, selling it at 2019. loss 30k not inclding legals fees, prop agent fees etc. market is freaking low right now
I agree to buy a house for your own stay but not investment. The repayment period for a house is very long. It can stretch up to 30 years and the installment probably less than 1/3 of your income. You can use the other 2/3 for other needs, maybe buy a car. And at the end of the repayment period you owned your own house. If the property value go up, you might make some money.
Unlike car, it depreciates every day. I suggest to rent a car over buying a car. We never gained in value when buying a car. The monthly installment you pay for a car just the depreciation value! Buy renting a car you can drive a new brand car avery 3 or 5 years.
Wong Tan Kim car leasing has factor in depreciation, repair and margin
If without a car, I won’t be able to go work. Not every states has good public transport. So many people, wanna invest in properties. In Ipoh there’s so many new shop lots but mostly empty. Every investment has it own risk, there is no guaranteed return even on properties. And we don’t count property for own stay as investment even though it appreciate in value.
I got my first house close to 10yrs ago even though it was on mainland Penang when my wife and I worked on the island because it was
Yeah the lucky ones bought before the 2013 is ok. Those buying afters are now scratching their head as thry thought they could let go upon completion. Thinking their RM650k condo will now be worth RM800k. But truth is, property prices never got up since 2014, in fact it is tapering down. Buoyed by the lucky fact that our Ringgit dropped so much in value, it artificially buoyed the prices of our properties.
Bobby Ang..
Currently staying in Endah Regal Condominium. Im still studying at APU and we are renting out. 4 bedrooms 2 bathrooms = RM 2.1k
Peter Ambrose hello I'm also APU student
hi :)
Hello I am also APU student !
I'm an apu student as well
Watched this today, 2 year plus after this video was released. As a 30yo working adult in PJ area, I strongly believed that renting is the way to go, even before watching this video of Bobby’s.
It makes much more sense to move/continue when the lease is due. My place is 5km away from my office, which gives me plenty of time to sleep and extra time to rest even if I got off work late. I didn’t knew it gave me so much convenience till I’ve rent a place so near to my office. 🤣
First time watching, someone recommended this video and i heard Najib..Najib..and then i looked at the date: 13 Apr 2018.. Ahh...good old days, when everything is on Najib...
holy shit u just inspired me
我是好人 ii
Haha, good point!
Enjoy 1st before getting old, for me own something that are affordable then slowly upgrade will be much better, everyone also looking for his dream car and dream house when just starting yo work , then you will get nothing.
Hmmm, i think in life got 2 ways to go co-exist with this world.
1. Shrink ur expenses or dream to fit ur small income.
2. Increase ur income to fit ur expenses and dream.
Of caz the 1st way looks more easier, 2nd way looks more challenging, each ways have their advantage and also disadvantage, so it depends on each individual thinking and preference actually.
But pls bare in mind, inflation exist every year this cant be deny, a bowl of mee price increase not because that is not enough mee supply in the market compare to 5 yrs b4.
Same goes to property price, it increase not only depend on still got plenty of land around or not, it also happens because of inflation, increase price in the raw material make the cost of building a house higher compare to 5 years b4. ... i might be wrong😬 just sharing.😬
Absolutely entertaining and I am not going to stress myself out to buy a property :-D
You did not mention that when you buy the high interest component which does not lead to your property value and is pure cost is just like rent, so better just rent.
Paying installments are almost fixed amount but paying rental will increase from time to time. At the beginning maybe rental are cheaper than how much landlord are paying the installment but at the end of the day rental is more than installment. In some case landlords can event get extra money after deduct the installment from beginning.
hansonmmm but the thing is a lot of landlords don't rise the rent, if they do, they will risk of getting the current tenant move out..
One thing though bobby..dont advise these young kids to buy a nice brandnew car lh..its a freaking trap,they only need saga persona inspira used la as a starter kit..then work their way through that
Absolutely agreed after listening to your analysis for the group of house seekers 👍👍👍
Bobby, I totally agree with your point of view. Especially we can see a lot of condo building up and maybe can’t even rent it out in the future if buying a house for investment.
Secondly, I agree for the next part about the move ability of a person to move around since I am still young and spend more time rather than travelling everyday and curse about the jam or cars on the road
nowadays it's cheap to rent rather than paying monthly installment. live minimalist, rent fully furnished house. so that you can move out easily. save money to buy cheap property in cash. don't let the bank screw your life with debt and mortgage payment. in 30 years repayment, bank interest can buy you another home with your hard earn money. if your wife or your partner doesn't agree with your choice, just dump her. marriage and minimalism doesn't work btw. if you don't have a girlfriend, you doesn't need to buy a fancy car either. you don't have to spend money just to impress anyone, or to make other people happy. live frugally, save money and diverse your investment portfolio in gold, stocks, crypto, unit trust, etc. find and read a book - The Millionaire Next Door.
I think most of you did not get the point. Rent the house, the balance of your money you can do other investment like ASB or others. In 10 years, you can get 200-300k from what you invest. Baru la beli rumah. High downpayment, low monthly, no suffer, paid effortless.
Given that you're young and not rich, yes, dont force yourself to buy a house. But when you're aging, moving time to time might not be the best idea. Plus, the difference between monthly installment and rental might not be that significant and it can even get closer in long term. Unless you're wise enough financially, you're gonna struggle when you retire.
And about the price, yes it might not appreciate but lets say you rent for 10 years, and then buy your house at 35 years old, that amount of rental can be part of your installment which you end up getting 0 return. For me its not only about the increase of price but because you have to pay certain amount of money its just the matter of whether it is installment or rental.
If you do not commit into buying a house, you should then invest or even save a certain amount of money for the purpose of pension (that is, given that you're discipline enough. If youre not then good luck) and I believe most of us arent that smart in investing, You might end up suffering losses in the process of 'investing' so buying a house i guess is a little bit less risky in certain extent. Also, your pension might be enough for you to survive till 85 but what if you get pass 85 somehow? How do you get to pay your rental? Of course you argue one might die tomorrow but what if you dont?
Good advice Bobby. It totally doesn't make sense to pay 30 years for something like a condo especially now when they keep building more and more. We're approaching (actually we're probably already at) a glut situation. How can condos appreciate significantly in value if there's a oversupply? As for myself I haven't bought a house yet. P.s. 500k landed and freehold in kl? Not likely, unless it's some undesirable area, small or old and requires significant repair.
If it is landed property that you buy, I think it is a good investment... depends also on the location... condominium is not an investment...
Yeah agreed. Condos provided the location is crazy good ....
Agreed. My 1 cent opinion, buy 1 cheap house during young expecially low cost while u still qualify to low cost, let it or ownstay u can choose, after u buy one u can freely spend ur money to whatever u like . When u retired, sell the house to build house at kampung if u okay staying at kg and have kg lol :p
“The land office is evil”
“You’re a expat in your own state”
😂😂😂
Very interesting topic. I also own property. My personal view (applicable for property in city only).
1) If you are confident to stay long at one place let say more than 20 years, then better to buy.
2) If thinking for investment and to play safe, may be good to buy property as close as to the city.
3) You will be physically and mentally satisfied if you own a property especially when talking with friends and working colleague. Prestige also sometimes important.
4) If you just stay for example just 10 years and if the property does not appreciate much, then you want to sell it, you may just get small profit or even just break even since there are also maintenance cost, insurance cost, here and there cost.
5) If renting, you will be mobile especially those frequently switching jobs.
6) According to research, if you stay far from workplace, your job performance can be affected.
7) Stay in one place at most of your life can be bored for some people. Less adventure in life.
8) Let say you have RM1m cash, the grow in cash maybe higher than investing entirely in property.
9) If you rent out the property, some wear, tear or damages can be costly.
10) Much4X easy and better if you purchase property in cash, although it is non-expensive property.
As conclusion, there is pro-con of both and not necessarily buying is better.
I rent a nice big house in Bandar Sunway, the rental fee is way lower than the monthly loan if I would have bought it. My plan is to upgrade to a better house every 3 years. Same goes to car, lease and upgrade every 3 years.
If i'm earning what i used to earn 10years ago, I can let go the thought of even buying a new Toyota Vios. How can i even afford a house? Either staying with family or renting within budget might be a good solution. Back then, owning a house feels like having your feet tied around a boulder and you have to drag it for 35 years!
Agree with you, Bobby! Coming from the finance industry, I don't see a point in buying a property after thoroughly calculating the return. If you die-hard need property exposure in your portfolio, invest in REITs. Its more liquid than property and look at it this way. With limited capital, one can already 'own' commercial buildings, hotels and houses.
I reckon personal preference and flexibility as well as timing. At current juncture, yes it’s better to rent since there is property overhang and you can easily get a good deal from renting. But it’s not a fair comparison to say that one could have save the money from servicing interest on bank loan and use it to buy a desired car.
I still think one should own one house at least that has the potential for own stay and rental (later own) or vice vers if they can afford it.
However, caveat is buy within your means withiut compromising lifestyle or else you will be "house poor". Generally, the higher thr value of the house, the less buyer there will be, and higher income groups has more choices.
I actually like your estate talks more tho I’m a property agent and also a car crazy fan 😂 so, I own a landed property at my late twenties. I bought my property is actually due to my passion for interior design, i design and renovated my unit as per my liking which I think this is one thing u can’t get from renting since I can’t afford to built one yet 😅😂
of course for those who can afford it, by all means. i think my discussion here is really for the average ones. those who graduated, worked a 9-5 job, earns anywhere from 3k to 5k and feeling frustrated on not being able to purchase a house. my discussion aims to open up their minds to let them feel that renting isnt a bad option, moreover it frees them up from being too infatuated or occupied by the need to rush to purchase one ... thanks for your sharing too!
Bobby Ang ..
Good Question for all the youngsters like me . Working experience 2 years +.
Brought a najib's rumawip (~200k)
Paying interest already make me feel abit stress because I still rent a room while the house is still in construction.
Significant reduce my budget on plan to purchase my 1st car .
Dream car : Honda Civic 😳😳
Watching this in 2022, sadly this video still applies till today.
well said Bobby, this is still relevant in 2021
i'm happily renting. I do not want to tied up with any party with for just a small benefit. Better spend the money to other my passion. thats life is about. if i die tomorrow, ill be happy.
wise words. many people dont understand and just bash but there is so much truth to this!
a lot of good points here if you are a working youngster... but i see a problem if you are an older person who just retired and surviving in savings. renting at old age can be problematic unless you still have your parents hometown house...
As for me buying House is still the best option (if you can afford one).. My reason is, if you get proper insurance on your house loan, it can be settled if you are happen to be pass-away first (hopefully not) and at-least your family have a shelter or they can have option to rent it our and stay with relative (still get passive income for rent)..
Totally agree with you bro. I am also thinking of leasing a car
Agreed with u.. Still not buy any property yet.. Now 28 years old.. Got 6 figures saving in bank account.. Got civic i bought by cash.. No any debt.. But im happy.. Maybe one day I'll buy a house.. But not now.. I just follow my heart only.. No need to follow others people
saw this late, very informative. Can you also do a exposè on buying or leasing a brand new car( not proton ya but Continentals). Much appreciated. Thank you.
I think bobby's opinion makes sense if you are young and work in klang valley ...for smaller city like ipoh..we can get a landed property for below rm300k..and the distance travelled is not much of an issue cos the road jam isn't that bad..
Thank you for stating all these. Couldn't agree more. I thought i am the only one annoyed by old people claiming buy a house CONFIRM profit. No one state the risk of buying a house, thats why many are trapped in this kind of purchase.
stamp duty charged by LHDN not land office, yes, agreed, rate does not make sense
While you are at it, what about Grabbing, LRT and public transport against owning a car? Jams aside parking in the city is not cheap.
Yes is true you have more financial freedom when renting a house of under 2k vs paying for house loan of 3-4k. You can have better lifestyle, buy better car, more holidays etc. But how about when u retire? Those who bought their own house at age before 30 might have already fully paid off their loans when they retire. They don't have much commitment when they retire. Those who renting house or buy house late in their age 35+ will still need to pay for rental or house loan when they retire + no income. That will suffer unless you are really good in saving .. may be >RM 1mil in bank. Some people when they have extra saving, they will spend... buying a house is actually helping them to save for future. Agree with Bobby also. Property price Up 300% vs 10 years ago but rental remains the same. Those who are now age 35 above are the lucky one. They bought their condos 10 years+ ago for under 200k and value now 600k (with rental about 1.8k > loan to pay 1k). To me, young ppl under 30 should rent, but when they reach 30 with more stable income (like > 8k) should consider to buy own house.
I think you did not get the point. Rent the house, the balance of your money you can do other investment like ASB or others. In 10 years, you can get 200-300k from what you invest. Baru la beli rumah. High downpayment, low monthly, no suffer, paid effortless.
Agree with you Bobby, at this current juncture, it is pointless to buy a house, it is better to rent, especially for the younger generation. Yes, most current condo property owners, are usually subsiding their tenants...the only winners of this situation are the developers, lawyers, bankers, land office and municipalities, not to mention property rentors
Agreed but your thought doesn't apply to people looking to settle down, I mean lots malaysians wanted to settle down at young age without knowing why and that's it, there goes their entire life.
Something we rarely hear someone say these days. Something to really think about. Nowadays buying house / properties are basically a point of competition or lets say showing off point.
An yeah, buying a house is 1 thing, and the maintenance fees is another thing which you have to pay for generations as long as you own that house. Good One Bobby.
You should do more video on tires as we malaysian are not understanding tires good enough at all. So many choices and so many tech in the tires but we only use what we used before which i think is not a good idea. thank you
Hey great idea. Let me figure something out
thank you very much. i just started watching your video this month as i wanna learn more about car which i will be buying soon. after finding out your channel it really help me a lot although i still cant decide cx5 or XV but your video are great and it enlighten me on the car industry. keep up the good work
buying a house is not affordable nowadays. 20 years back 10 years loan can clear of the house debts. nowadays, even 30 years cannot paid up the house.
Hey Bobby. I’m 22 and this has been a hot topic among me and my peers. I tend to take your side on this but a lot of my peers who are older than me still think buying is the only way. I’m gonna graduate soon and plan to move out and rent apartments for the next few years, at least. Great video, thanks for the insight!
Damn I am 21 now, my peers don’t even discuss financial stuff. They just know crypto shit stuff and claim that they are into investment and finance.
Renting gives us more flexibility, people say then u gonna keep moving in and out a new house loh, trust me it won't lah, no landlords stupid enough to force u out for no reason unless you being a terrible tenant. Buying a house is life long commitment, as a Muslim, those hard earned cash we pay for the sake of a house, imagine how many Umrah trips u can perform before u hit 50s? How many Zakats u can contribute? How many charities, schools, orphanage u can donate? Nowadays there are so many ways of investing unrestricted to just owning a house chances are even our kids won't stay there after they get a job.
i agree with you.... working youngsters should just rent a house or flat nearby their working place. they are still mobile . save the extra money to trust funds that generates good dividend....
Totally agree on the finite space of living. We are living in a state of unnecessary excess. I own a landed house as I like having my car and a porch and a place for the kids to grow up. Your logic is spot on as our jobs do move and it does not make sense to drive far but that ends when the kids go to school as you want a base to operate out from and the kids can't move around. Rather stay in a smaller place in KL than larger place further away. You can get DS LH 20x70 houses in Cheras KL for RM 700k and that's the way I would go. If you are young and without kids.... buy to invest which gives the best return BUT don't stay there. Rent somewhere else instead!
I dont think the stamp duty is a problem. Try telling that to hardcore poor. Price is due to demand, and too many rich ppl that buy everything and make average normal ppl cant afford the high price. To your question, yes its ok to rent, because buying a house is a 2xyears of burden. Unless you are one of those those rich ppl.
More than 90% of your repayment to the bank... goes to the interest... after 10 years of repayment, you still owe more than 90% of your loan amount.
Cerita tentang beli Rumah untuk Hari Persaraan. Teringat2 buku Robert Kiyosaki.
I agree if you are young and don't have the financial power for it then go rent and be flexible. But pls do buy a house when one has the financial power, because for long term and thinking about retirement, you'd want to stay in a property which you own and if possible finish paying it off upon retirement.
In Ipoh, we dont face traffic jam and mostly landed property are cheaper than Klang Valley. Rather than renting its better to buy a house here because we just pay installment slightly higher than rental payment but atlast we have our own house. Owning a house is better than condo.
Bobby how about the topic of car sharing VS owning a car?
It's ok to buy a house for own stay but certainly not worth to invest anymore. But move house theory won't work la especially married/ family. Family move house need alot of money compare to single person. I had moved few times and now I also prefer to stay at one place since we getting older and no more energy to move anymore.. : )
I agree with your opinion. We are in the same thinking.
Saya beli rumah dipinggir bandar. Bukan untuk saya, tapi anak cucu saya. Tahun ni saya beli 2 ekar tanah juga dipinggir bandar. Gaji saya 8k. Saya tak kaya tapi above average. Saya cuma guna 2006 gen2. Kalau saya tak beli untuk mereka (anak). Mereka mungkin lagi tak mampu beli. Sekarang hanya menyewa rumah kecil dibandar.
There are plenty of cheap houses around. Just need to choose one that we can afford. Paying for a house is a 35 yrs affair. There will be price up or down within the range. Keyword is within our own means.
stumbled on this video. agreed. It no longer makes sense to own a house - people are more mobile, and access is more important than ownership these days. I would rather pump my cash into REIT to gain access into property market, and use the dividend cash flow to rent.
Agree with you. Instead of paying an amount of money for down payments spent the money on investment you prolly get more in longer run due to the surplus of housing.
the problem is when u r old,u need a place to stay.when u r old u dont want 2 worry abt those things.the gov need to do sumthing abt the dev that rising the price crazily.at my place 10 years ago u can get one storey house below 200k.now no more.especially with rapid development in Kuching now.
4:30 every parents ever hahaha
it's all about your own income, expenses (including at what stage of your life you are at & "lifestyle"), the market conditions and financial objectives. with home prices that are high, renting may be a good option, especially for those who do not want to be tied down to a single property throughout their adult life. but if you are lucky to buy a house that was affordable and sold it for a profit, that can be a great opportunity to settle debts and invest - either to grow income or skills/education. so it always depends. people say if you want to rent out, buy a condo, but if you want to profit from flipping homes, then buy a landed house. but hey, i'm frugal about cars - i still own & use my Gen2 i bought in 2005, especially after maintenance, repairs, audio upgrades & a nice paint job..i can't let go of the handling. and now use the MRT half way of my journey to work. but i just like watching car review videos though, back since Mat Watson & Rebecca Jackson were at Carbuyer. Bobby's videos are refreshingly detailed, personal and intimate.
Harsh but true. Thanks Bobby !
this is good advise for young adults but bad when you are at your mid 30s. you would want to stop paying for housing loans when you're retired
This is what ive been saying to my friends.. its boring to stay in one area..
I really appreciate the points you have shared. Actually you’re right, people these days don’t have a permanent job. Even if they are, job security isn’t guaranteed. So ya, if I’ve bought a house in Seremban because I have a steady job in cyberjaya and then after 3 years company close down and I got a new job in KL. I’m seriously locked up. It adds more frustration to life. Yes I agree with you we shouldn’t own. Although I got my landed property for RM270k .. and it’s a freehold.. but still .. renting is better.
Buy is better becoz u non need to worry where should I stay. Or the owner of the house wanna sell it so u hv to find a new one after 2 to three years .
What if landed? My first house was landed. However, it is quite far from city but near to my workplace.
Bobby , good topic . Here is my take -
1. When you rent there is an outflow of cash .. correct ? Now add on a little bit more and you can pay towards your EMI and you own it later time .
2. You buy a house and give that for rent . Now what if your EMI is equal to the rent ? Meaning take the rental income and pay towards your mortgage payment .
3. You have total freedom with your own home .
Masa muda perlu beli satu. Kalau dah tua installment tinggi due to insuran mahal sbab umur dh tua n also bank hanya bagi loan up to umur 70 atau 35 years tenure which one come first. Samada nak bagi sewa or nk ownstay terpulang y penting beli y xmembebankan in term of installment amount. Dh settle beli satu, boleh la enjoy beli kereta idaman pula mcm Bobby pakai skrg ni :p later bila dah retire, rumah dh abis byr, hnya perlu byr maintenance je if any, atau jual je rmh tu n buat rumah cash kt kampung :)
Sy skrng umur dah 22. Tahun dpan dah habis belajar. Tngh fikir jugk untk beli rumah ni smua. Mana lagi baik..? Beli condo, bagi sewa atau ambil loan, buat rumah dkat kampung, bgi sewa? Atau kumpul duit dulu untk 5 tahun pertama?
@@nanotech4947 normally depend gaji nnti.. Brp mmpu mksudnye 1/3 dr gaji utk bayar installment.. Biase klu fresh gred basic salary 2k++ susah nk dpt loan.. So jgn rushing, study pasal ni agak dh ad ad knowledge and penuhi semua syarat, pstu bru deside.. Yg penting, dlm cri knowledge tu kne disiplin saving, sb saving sgt2 membantu dlm plan pape pon..
If u buy conda/flat, u will Paying for maintainen until kiamat.. even if u die before kiamat, some body else need to pay for u..
I buy my flat in 2014 rm130k, monthly rm600.. that time renting is rm600.. why rent if buying is cheaper..
now 2018 the price is 210k.. monthly around rm1k but rent still 600-700..
in 2018.. why buy if renting is cheaper..
Great investment bro.. U only spent 10% + snp cost + renovation cost if any for that house, the rest will be paid by tenant :p
Walao haircut so smart so sharp i cut myself ouchhh. It's seriously nice tho
yes, renting house is better and make sense in every aspect now..if your are young and unsettle.buying a house for your own use just like getting a wife instead of having a girlfriend.
But Papillon has appreciated from 600k to over 1million. :)