I wonder how many of you out there are living in a house that you owned? Some of you may tell me that you’re living in your own house, while some others would say that they are still renting.
I am one of those people who is not living in a house that I bought. Right at the moment, I am renting a 3 rooms and 2 bathrooms apartment unit somewhere in Kuala Lumpur and I’m living in it with my husband and my son.
I’m pretty happy with this arrangement because despite the fact that the in laws and whatnot are pestering my husband and I to buy a house of our own, I know that truthfully, we’re not financially ready for such a huge long term commitment yet.
Seriously, buying a house is easier said than done. Searching for homes for sale is as easy as 1,2,3… but paying for it is not. You’re not just talking about paying the home off for about 5 to 10 years, but you’re talking about hundred thousands of loans that you’ll be paying off in the next 30 to 40 years.
So, unless you’ll be paying off these amount of loan for me, I would appreciate it if you folks stop nagging me to buy a house. I will buy one when I’m financially stable and ready. Nobody should be forced or coerced to buy something as big as a house when they are not ready to buy it yet, don’t you agree on that with me?
I may not be ready financially to buy a house of my own yet, but I know most of you out there are not only ready for such a big commitment, but already scouting for a second or third home as a form of investment.
If you’re one of those people who are scouting for a property to buy, you might want to consider looking up PropWall website when you search for homes for sale.
Basically, PropWall is a Malaysian property website that’s listing all kinds of properties that’s on sale at a very competitive price.
You can say that it’s a one-stop place for property listings and it’s definitely useful for those who are looking for properties to buy or for those who wants to sell off his or her properties.
All you need to do is register and login to the site and you’ll soon not only be able to search for properties that you wanted, but you can also put up your own properties for sale for others to search. So far PropWall have about 2,000 properties in it’s site and the list is growing with each passing day.
Looking up real estate directory such as this one is a much more effective way to go property hunting, don’t you think? People used to go to real estate agent to look for properties that they wanted, but they are charged with consultation fees and whatnot. With sites like this one, it’s not only cost effective as the site is completely free to use, but it is also very result oriented because you’ll be completely in control of the price range and what sort of house or property that you’re looking to invest in.
So, ladies and gentleman, if you’re searching for Malaysian homes for sale, be sure to look up Propwall. They might have something that you’ve been looking for all these while.
agree. You can find the info you need from PropWall better than any other website. my cousin recently got her new place via the same site too =)
Yea… i always think that going for these website is better than going straight to the real estate agency. You can get the place u wan in a much faster and effective way.
Better buy…while still can…and still young. So many, retired, still paying the loan… How to survive? At least the rent can make up part of the instalment…and eventually you have a place of your own. No need for anything big and fancy – security, a roof over your head and your family’s…
Not right now la, Cikgu. 🙁 Some time in the future, mebbe… but right now, can’t afford one. 🙁
I read an article in US that smart fellas will never buy a house and they are the ones who will retire very rich with yearly vacations, cruise and blah blah. I put a serious thought to it and calculated that it is true.
If you buy a +RM300K condo now, you will pay around RM1600 till you retire as I wildly guessed your age. If you rent that similar unit today, you will only be paying like RM1000 rental without having to pay the monthly maintenance as landlord will bear. At the end of your loan tenure, you might have paid out RM600K to the bank!!! This is just my simple example.
In London, my Italian buddy rents different cars every month when he needs to use them. Averagely he would rent the car for 3 weeks maximum and he will use the subway on other days! He told me that it is cheaper that way without having to pay the repairs, taxes and parking fees as their London flat at the posh Chelsea does not even have parking lots. He woke me up truly!
So I have been teaching people to become property speculators instead!
Whoa, Twilight Man… I never thought of it that way. These days the elders keep pestering me and my hubby to buy a house, but you know something? It is not something we can afford right at the moment. Right now, I’m happy with renting and I think if I were to fork out some amount of money to pay for the house, I’d be selling my butt on the street. 🙁
If you can settle the loan in 5 years, that’s another story. 🙂 Also, if you take in the appreciation calculation, the renting may not worth. So it really depends. Usually if you can’t pay up the loan by 5 years or perhaps the max is 10 years, you’re considered financially not ready.
If I were to buy now, I’d probably be paying the house off in 30 or 40 years. No… I’m definitely not ready for my own house yet.
wat u say its true as once bought a house u stuck with loan for at lease 30yrs and above :$
Yalorr…. now if wanna buy a house…one month u have to pay quite alot…and right at the moment, I dun have such money.