- 5 months ago
“Buy a house now – in 30 years, you’ll be rich!”
Sound familiar? In your 20s, you're just trying to survive, figure things out… and now everyone’s telling you to invest in property?
In this episode, Emir sits down with producers Aishah and Thinesh to talk about feeling 'peer-pressured' into adulting, financial milestones, and the weight of society’s expectations.
Sound familiar? In your 20s, you're just trying to survive, figure things out… and now everyone’s telling you to invest in property?
In this episode, Emir sits down with producers Aishah and Thinesh to talk about feeling 'peer-pressured' into adulting, financial milestones, and the weight of society’s expectations.
Category
🎵
MusicTranscript
00:00I actually thought about buying properties.
00:02The typical Asian mindset where, get a job, get married, get a house.
00:06So whenever it's like Chinese New Year or Raya, my aunties will come to my house and it's like,
00:09why don't you have a house yet?
00:10You know, my sons, they've all already bought their own houses and stuff.
00:13And I'll be like, good for you, auntie.
00:14I think a lot of people tend to overspend when it comes to property
00:17because they think, you know, it's a house.
00:20Like, oh, everyone's telling me to do it.
00:21All my friends have property, so I want it as well.
00:23What's up, guys? I'm Ymir and this is The Money Goal.
00:30Today, I have two guests with me, Aisha and Tinesh.
00:33And today, we're going to be talking about investing in property.
00:37What do we guys, what do we think?
00:39So how do you guys feel about investing into properties?
00:41Okay, so I've been thinking about it.
00:46Let's start with my background a little bit.
00:48So I do not rent and I also do not own a house.
00:52I live in my parents.
00:53Not really my parents.
00:54My mom have houses.
00:55So she has one empty one that is kind of close to where I work.
01:00So I live there and I take care of that house.
01:04On your own.
01:04Pay maintenance, you know, electric bills and all that.
01:07Yeah.
01:08So I've been thinking because a lot of people said that buying a house
01:12is a good investment.
01:14Like you can buy the house, you can rent it out
01:16and then you can get money from that.
01:18But I'm not sure if that's something that I want to start committing to right now.
01:24Like if it's something, if it's a good decision to make.
01:27Because a housing loan is like, what, 30 years?
01:30Yeah.
01:30Actually, it goes to 35, I think, these days.
01:32Yeah.
01:33I'm not sure if that's something worth committing to.
01:37Right.
01:37If it's not going to give me any return.
01:39Okay.
01:40Okay.
01:40So I guess to be clear, you're looking at buying a property to generate returns.
01:45Not really buying for you to stay, like purely as an investment,
01:49from an investment point of view.
01:50Yeah, because I can stay at my house that I have right now.
01:53Okay.
01:53Okay.
01:53Yeah.
01:55I think there are different views for this.
01:58I guess I'll just share what I think about it first.
01:59I think the dream, it's a very common thing, right?
02:04I think not even just in Malaysia, pretty much all over the world.
02:06In the US, back in the days, the American dream was to like,
02:10own your own property and then investing into it, trying to earn more money.
02:13Either through, you know, capital appreciation, the price of the house goes up.
02:16Or like you said, renting it out and then trying to get a yield from it.
02:20Just my view, investing into property, I feel like, number one, it's a lot of work.
02:25So you need to really understand the property market, right?
02:29Like which areas are hot, which areas are up and coming.
02:31If we bought into Desa Park City 15 years ago, then of course, we'd be rich now, right?
02:36But today, trying to know which is the next hot area, I really don't know how to.
02:40And I think it takes a lot of work, time and research, right?
02:45And then it's also time in terms of renting.
02:48So I think a lot of people underestimate the effort it takes to rent out a unit.
02:53So I'm renting.
02:54Are you?
02:55I'm renting.
02:55You're renting as well, right?
02:56Yeah.
02:56So whenever there's a problem with the house, like the bike bocho or whatever, you just call
03:01your landlord, right?
03:02And they basically have to store it out for you.
03:03Yeah.
03:04Yeah.
03:04So I guess just a tenant is so nice because I don't have to do anything.
03:07But then it means that the work falls onto the landlord, which means that I think it's
03:11not so simple where you can say, oh, renting is passive income.
03:15Renting is easy, free money.
03:17I feel like you actually have to put work into it.
03:19I mean, just the amount of times I call my landlord.
03:21If you think about it, I think the properties that mostly that's attractive right now is
03:27like housing with condos, apartments, service suits.
03:32Those things come with maintenance fees.
03:34Exactly.
03:35Which we don't really think about it when we're buying property.
03:37Yeah.
03:38We think about the loan, but we don't think about plus maintenance that will increase
03:43as the years pass.
03:45And when you're a landlord, you're responsible for the loan plus the maintenance.
03:52Exactly.
03:52And there's no guarantee that your rent could cover both.
03:56Exactly.
03:56So in the end, you might have to pack up something from your pocket to cover the extra amount
04:01that comes up.
04:02Or I have to charge the people I rent it out to more.
04:07And then people might not want to rent.
04:10Exactly.
04:10Yeah.
04:11Yeah.
04:11So markets are a supply and demand thing, right?
04:13Okay.
04:14I can want to rent it out for RM3,000, but if everyone else is renting at RM2,000, then I
04:19mean, I can list it and wait, but likelihood is no one will take it.
04:22Yeah.
04:23Yeah.
04:23That's most likely the situation there.
04:25Yeah.
04:26So that's a tricky thing.
04:28And then you have to decide between like, if you want to invest, right, do you buy a
04:31condo or do you buy a landed property?
04:32So the thing is, just based on historical, historically how things work, right?
04:37Usually if you want price to go up, if you're expecting price to go up, it usually only works
04:41for landed properties.
04:42Condos typically don't appreciate in value just because, you know, wants to get a bit
04:46older, maybe maintenance is a bit off.
04:49The price of the apartment or the condo itself won't really go up.
04:52So houses do depreciate in value?
04:54As in house, as in a landed house?
04:56Uh, like condos.
04:58Yeah.
04:58Yeah, of course, of course.
04:59They do?
04:59Yeah, they are, they are, they are.
05:00Because people have always told me if you buy a house, then every 10 years, 20 years down.
05:06Yeah.
05:06It's like guaranteed to go up, right?
05:07No, yeah, yeah.
05:09I mean, not necessarily what I'm going to explain.
05:12It also depends on the location.
05:15And when there's land involved, then there's value to it.
05:21But when it's a high rise and it's a shed, there's a lot of risks to it.
05:27Yeah, I've also heard a lot of horror stories of people buying into like new developments.
05:32And the thing about buying into new developments is you don't know how it will turn out because
05:35they're getting the house brand new, right?
05:37And I've heard people buy and then the management basically ignores them completely.
05:42So they have issues with like piping, they have issues with like wiring, electricity and
05:47all this stuff.
05:48And management just ignores it.
05:49So what happens is they can't sell it anymore.
05:51No one wants to buy it because everyone knows the management sucks.
05:54Yeah, so there are these kind of issues as well, not just from, oh, because its location
05:58is not good, but because there are a lot of fundamental issues with the house, you could
06:02lose money.
06:03Yeah.
06:03Yeah.
06:03So I think it's quite normal.
06:05A lot of people think or seem to think that, you know, property prices will just forever go
06:09up.
06:11But not really.
06:12So for in my case, if I'm thinking about buying a house to, you know, invest in it,
06:18what are some of the things that I should consider?
06:23Consider, yeah.
06:25You should maybe consider alternative investments.
06:27No, I'm joking.
06:29ASP.
06:31No, so I think maybe I'm a bit biased because I'm not a fan.
06:34You wouldn't invest in property?
06:35I wouldn't.
06:36I wouldn't.
06:37Yeah.
06:37Really?
06:38Yeah.
06:38I think I'm a bit biased in the sense that I'm very much, I think there are a lot more
06:42benefits through other investments.
06:44Yeah.
06:44I do think that there are people who can invest in property successfully.
06:48I've heard of them, you know, people on social media.
06:50I even have friends who do it.
06:51And they are very successful.
06:52But like I said, you have to really have the knowledge about what is undervalued, which
06:58areas are going to be good, you know?
06:59And all these things, I'm not so interested in it.
07:02If you are interested in it to do the research and stuff, then yeah, possible.
07:05But otherwise, other investments are just so much easier.
07:09That's the thing.
07:09Oh, I know.
07:10It's so much easier.
07:11If you buy a house that is in Malaysia, somewhere that floods a lot, an area.
07:17Exactly.
07:18It's going to be an issue, right?
07:20It's going to be an issue.
07:21When you talk about flood, again, like flood measures, there's no way to 100% tell when
07:25something's developing that there will not be flood there.
07:29Yeah, exactly.
07:29So you will probably want to buy it early on for a better price than a completed project
07:34that's going to be more expensive.
07:37So there's a lot of risks to it.
07:39I actually thought about buying properties, like, you know, when the typical Asian mindset
07:44where, you know, we get a job, get a house.
07:47Yeah, exactly.
07:48So, and then I met a friend who doesn't believe in living in the same place.
07:54Yeah.
07:54He believes in renting out throughout his life.
07:57That means...
07:58Just renting, yeah.
07:59I was just going to...
08:00So, he's not bounded to a single area, like, he could explain where he wants to.
08:08Exactly.
08:09And he just moves out.
08:10Yeah.
08:10And finds a new house, better place.
08:12Exactly.
08:13And he also moves every two years.
08:16Once every two years so that he goes into a better facilities, new items and everything.
08:21That's what I was thinking.
08:21So, and then that thing hit me hard.
08:24Then if I have a house and I invest furniture, electronics, everything, and I'm stuck at this place.
08:32Yeah, exactly.
08:33Exactly.
08:34But I have, like, a lot of my relatives, so whenever it's like Chinese New Year or Raya,
08:38my aunties will come to my house and they're just like, why don't you have a house yet?
08:42You know, my sons, they've all already bought their own houses and stuff.
08:45And I'll be like, good for you, auntie.
08:46I'm so happy for your sons.
08:47But I think a lot of people buy just because of expectations as well, right?
08:51Not just because they want to, but because everyone expects them to also own a house
08:55by a certain age, which I think it's not really necessary.
08:58I think that's a really toxic culture right now.
09:01But what if I am so degil?
09:03And you want to, right?
09:03I still want to invest in a property.
09:05What should I consider?
09:07Okay.
09:08Location.
09:08I think when it comes to investments, right, for property, have you heard of the thing
09:12where people say the top three most important things when choosing a property for investments
09:16is location, location, and location.
09:19Okay.
09:19That's basically it.
09:20Yeah, that's literally it.
09:21Close to MRT and all that.
09:22The thing is, I think nowadays, a lot of apartments are close to MRT, right?
09:25That's right.
09:26Just because there's new MRT lines everywhere.
09:28They are even discussing to build apartments over MRT.
09:30Yeah, yeah, yeah, yeah.
09:32Exactly.
09:32So unfortunately, I think the ones that really got my value are the ones that really bloom
09:37into a big township like TTDI back in the days, like DPC that I was talking about, right?
09:42The South Park City and stuff.
09:44But let me just share with you a bit of like pros and cons of investing into real estate
09:49versus other assets, right?
09:50Because I've had this argument many times before with people online just because I like to.
09:56Yeah.
09:56So number one is barrier to entry.
09:59So barrier to entry, if you invest into, let's say, ASB or stocks, extremely low, right?
10:05Anybody can do it.
10:06I want to start 100 ringgit today.
10:07Fine.
10:08Go for it.
10:08Property barrier to entry is a lot higher.
10:10We have to, like you said, the value of the property is very high.
10:13The commitments are high.
10:15It's long.
10:15And you have to pay a big down payment.
10:16So barrier to entry, property loses in a way.
10:20And then there's liquidity.
10:21So liquidity essentially means how fast can I get my cash back if I needed it?
10:25Again, ASB, just withdraw.
10:27Stocks, just sell and withdraw.
10:28Property, of course, you can sell it, but you're not going to get the cash tomorrow, right?
10:32You list it up.
10:33You prepare everything.
10:34By the time everything's said and done, maybe six months.
10:38Yeah, true.
10:38Yeah.
10:39So liquidity, again, property loses.
10:41Returns, I think I don't want to get into returns because returns vary.
10:44Sometimes stocks do better.
10:46Sometimes real estate does better.
10:47Really can't say.
10:49So the only argument I've heard for property investing compared to other assets is that
10:54with property, you get a lot of leverage, which essentially means I can put down
11:00RM40,000 and I can get a RM400,000 house, right?
11:04For a RM400,000 house to go to RM440,000, it's not that hard.
11:08It's just a 10% increase, right?
11:10But a 10% increase, you only put RM40,000 down and you got already a RM40,000 return.
11:15So that's 100% returns.
11:16And it's all because of leverage.
11:18You put in RM40,000, I own an asset that's worth RM400,000, right?
11:22Whereas with ASB and stuff like that, you put in RM40,000, your investment value is basically
11:25RM40,000.
11:26Yeah.
11:26So that is, I would say, the only benefit of investing into real estate.
11:30But of course, it's a double-edged sword.
11:31You can also lose that RM40,000 just as quickly and easily as you could make.
11:35Yeah.
11:36So that is pretty much how I think about it.
11:38But again, I'm not bashing anyone who likes to invest into real estate.
11:43I think there are opportunities.
11:44It's just not for me.
11:46And I think for the general population, not so worth it.
11:49Yeah.
11:50Especially for me who wants to start investing.
11:54Unless you like it.
11:55Unless you like it.
11:56Yeah.
11:56Like what Amir said, if you like it, I also have another friend who invests in property
12:00who wakes up at 3 a.m. every day to think about properties.
12:06So what he told me was when you buy properties, let's say you buy your first house.
12:11And when you apply for a loan, that will be your total income.
12:16Against the loan.
12:17And when you manage to rent it out, that actually becomes your income.
12:21And let's say you make a RM200 profit out of it.
12:24Your loan is RM1,000.
12:26And then you rent it out for RM1,000 too.
12:28And you make a RM200 profit.
12:29So when you apply another loan to buy another property,
12:32you could actually show your income as like plus 200.
12:35Ah, yeah, yeah, yeah, yeah.
12:37Your rental income counts as your income.
12:39They basically go super leveraged.
12:42Yeah.
12:42A lot of houses.
12:43Actually, it could work.
12:44It could work.
12:45It's just fine.
12:45If you hit the jackpot, then yes.
12:48But also, he told me there are days where he made a bad investment.
12:53And he had to pay like four mortgages at once.
12:56And he only could eat like one meal a day.
12:59Okay, only eat one meal a day.
13:01Yeah, he could only eat one meal a day.
13:02Just because he has to pay his mortgages and stuff.
13:04Yeah, and he couldn't really pay all four.
13:06So what he will do is he'll alternate between two, two.
13:09Like this one, you'll pay two.
13:10That man, he gets back on his feet.
13:12I think it was during COVID.
13:14Oh, yeah.
13:15Probably bad, really bad time for the property market.
13:17Yeah.
13:18So that could happen too, you know.
13:19You buy a house, COVID hits.
13:22Or it could boom, so.
13:25Yeah.
13:25Okay, put aside property.
13:26What about land?
13:27Land in general?
13:28Somewhere in like Melaka or random places.
13:32Actually, yeah.
13:32So it's again the same thing, right?
13:34The same principles of like location, location, location.
13:37If you buy a piece of land in Melaka,
13:38like a super outskirt kampung area.
13:42And then all of a sudden,
13:43like they decide to build a data center there.
13:45It's like a jackpot, right?
13:46You hit the jackpot.
13:48Yeah, but again.
13:49A ladang getah or something that I believe.
13:51Yeah, yeah, that would be.
13:52So when it comes to land,
13:54we should think about investing.
13:56I have a follow up question.
14:00So like with houses, I get it.
14:03We get returns from renting it out.
14:04So does that same principle would work for land
14:07or we need to invest more on like getting
14:11klap sawit or getah onto it?
14:13Yeah.
14:14It depends if you can rent it out.
14:16You guys know that a lot of the property developers that,
14:19all of the property developers are also in the agricultural space.
14:23Like, you know, Sam Dabi, IOI, all these names,
14:25they have like palm oil plantations.
14:27In good locations,
14:29they will sell palm oil and everything.
14:30And then once they think it's ready to turn into a township,
14:33they will basically just chop everything off and build houses.
14:35That is their entire strategy.
14:37I'm sorry.
14:38Yeah.
14:38Oh, so the palm that we see is not forever.
14:42It's not forever.
14:43Yeah.
14:43That's why they own land in Sepang, for example.
14:45You know, when you drive to the airport,
14:46you see Sepang, a lot of palm oil, right?
14:49Those land is so much more expensive than doing it in like Perak.
14:53So why, I always wonder why do they own that land?
14:55That's why I plant my palm oil in Perak, right?
14:58It's not like Selangor palm oil is going to taste better than Perak palm oil.
15:02But it's basically that lah.
15:03They're just waiting for Sepang to be ready to become a township
15:06and then they'll start developing houses.
15:08So they're not investing in palm oil.
15:10They're actually investing in real estate.
15:11Yeah, yeah, yeah, yeah, yeah.
15:12It's pretty cool.
15:13I mean, that is a consideration for you
15:15if you wanted to do something like that.
15:16But I guess just out of curiosity,
15:18so why do you think real estate would be a good investment for you?
15:22What attracts you to it?
15:24Is it the returns or the cash flow?
15:28I feel like when I thought about it,
15:31I thought I'd be able to, you know,
15:34get money when people rent it.
15:36I mean, I can't be able to rent people.
15:38Yep, yep, yep.
15:39And then if one day I feel like I want to live there,
15:41I can just leave there.
15:42I mean, I just have a house.
15:43Yeah, yeah.
15:44I get what you mean.
15:45I get what you mean.
15:46Or if I have a few houses, right?
15:49Like, one day if I'm old enough,
15:52I can sell all of it
15:53and make money out of the houses that I already have.
15:58So that's how I prospect.
16:00It makes sense.
16:01I think it makes sense.
16:02Also, I think one reason that a lot of people
16:04like to invest in property versus stocks or ASB
16:06is that when I invest into property,
16:08I see a house, right?
16:10I see a house.
16:10Like, wow, this is my investment, right?
16:12Whereas if you invest to ASB,
16:13like, yeah, they do invest into like Maybank and CIMB.
16:16But, I mean, it's not like that's your company, right?
16:19Yeah, so I think that's what a lot of people think as well.
16:22So I'll just split this into two different aspects,
16:25like, that's my view.
16:25One is if you're really looking for rental yield, right,
16:29which is like cash flow,
16:30there is another option, which is REITs.
16:33Have you guys heard of it?
16:34No.
16:35Yeah, so it's something called
16:36Real Estate Investment Trust.
16:38It's listed on the stock market.
16:39It's listed on Barossa.
16:41And there are a lot of these companies
16:43that basically own real estate.
16:44They rent out the units
16:46and then the profits they distributed to shareholders,
16:49which is you.
16:50So I'll give you guys an example.
16:51You know, KLCC is a listed REIT on Barossa.
16:53You can actually own KLCC.
16:55The Twin Towers.
16:56Yes, a portion of it, a part of it.
16:57You own it?
16:58Yeah, a part of it.
16:58Not the whole,
17:00unless you have a lot of money,
17:01then let's discuss after this
17:03if you have that kind of money.
17:05Yeah.
17:06And then there is,
17:07my favourite REIT probably is IGB REIT.
17:09So IGB owns Mid Valley and Gardens.
17:12I live near Mid Valley
17:14and every time I go there, it's full.
17:16Like weekends, full.
17:18Weekday after work, full.
17:19Sometimes I take leave
17:20and I go on a weekday during lunch, full.
17:23So you see,
17:25at least then I invest my money.
17:26I still get the liquidity
17:27because I can sell my shares anytime.
17:29But Mid Valley is so,
17:31it's such a good property, right?
17:32They can always increase rent.
17:34Like every time one tenant's out,
17:36another one comes in.
17:37So they are very profitable
17:38and they do give a pretty good yield.
17:405%, 6% a year.
17:42So if you invest RM1,000,
17:43you can expect RM60 a year.
17:46Yeah.
17:46So that is,
17:47if you're looking at yield,
17:48I would prefer to invest into REITs.
17:50That's my thing.
17:50Okay.
17:51Yeah.
17:51But I also know that there is
17:53less rational,
17:55more emotional aspect
17:57to property ownership.
17:59Yep.
18:00Right?
18:00Which back then when I was younger,
18:01I also had the thinking where
18:03it doesn't make sense at all.
18:04Why would I buy?
18:05You know,
18:06logically,
18:06you know,
18:07I have all these arguments
18:08about liquidity
18:08and all that stuff.
18:10But then as I grew older,
18:11I realized that
18:12actually it's nice to have a house,
18:13right?
18:14Actually,
18:14it's quite nice.
18:15So there is that aspect as well.
18:18And I also decided to buy a house
18:19because like you said,
18:20I don't plan to stay there now.
18:22I plan to just rent it out,
18:24try to get,
18:24you know,
18:24some money from it.
18:25I don't expect to make
18:26crazy amounts of money.
18:27But the only reason I decided to buy it
18:28is because I thought,
18:30maybe one day
18:31if I want to stay there,
18:31I can.
18:32Or maybe let's say one day
18:33if my mom wants to stay somewhere,
18:36oh,
18:36okay,
18:36she can stay in this place
18:37if she wanted to.
18:38So there is that other aspect
18:40that goes beyond finance.
18:42That could make sense for you
18:43if you wanted to invest in the property.
18:44And if you're 80 years old
18:45and you're still renting,
18:46suddenly your tenant
18:48will tell you,
18:48I want to live here.
18:49And then you leave here.
18:50Yeah,
18:50your landlord kicks you out,
18:51right?
18:52Yeah,
18:52you have to move and everything.
18:54You have to find another place.
18:56It's a bit tricky.
18:57I'm thinking about it
18:58in a long term.
19:00Yeah,
19:00yeah.
19:00I would say then
19:01in that aspect,
19:03I would say
19:03if you can afford
19:05the property,
19:06do a bit of research
19:07in order to try and figure it out.
19:08I'm no expert in property as well.
19:10You could do it,
19:11but I wouldn't say like
19:13this is all my investments.
19:15If buying the house
19:16means that you cannot save
19:17or invest any extra money
19:19at the end of the month,
19:19then I think it's not
19:20such a great choice.
19:21But if it's just,
19:22let's say the mortgage is 10%,
19:2420% of your total salary
19:25and you can still save
19:26another 10, 20% in other things,
19:28then I think it could make sense.
19:31It could make sense,
19:31yeah.
19:32But I mean,
19:32I don't know about the returns
19:33and stuff.
19:33I'm just speaking about
19:34like 10, 20% out of the jobs.
19:37Yeah.
19:37How much is a healthy amount
19:40that I should be paying
19:41for my mortgage?
19:42For your mortgage?
19:43Okay.
19:44So the places that you stay at,
19:45general rule of thumb
19:46is you don't want to spend
19:47more than 30%.
19:4830%.
19:49Yeah.
19:49You don't want to spend
19:49more than 30%.
19:50I guess if you are
19:52on a lower income,
19:53then it might be difficult
19:54to be below 30%.
19:55So maybe you can stretch it a bit,
19:5735 maybe,
19:5840%.
19:59But I think once you get
20:00to the higher incomes,
20:01you don't want to go crazy.
20:03I know people who are on,
20:04let's say,
20:05even a 20K salary
20:06and then they buy
20:07a 2 million ringgit house,
20:08it's 10,000 a month,
20:09which I think is crazy.
20:11Yeah, yeah, yeah.
20:12And that's why,
20:12and that's why,
20:1310,000 a month.
20:15Yeah.
20:15And that's why people
20:16can't save money because
20:17I need to start selling
20:18part more.
20:20Because, you know,
20:21a lot of people,
20:21they have,
20:22they earn 20K a month,
20:24they buy a 2 million house,
20:25they earn 30K a month
20:26after promotion,
20:27what do they do?
20:28This 2 million house
20:28is not good enough
20:29for me anymore.
20:29It's time for me
20:30to get a 3 million ringgit house,
20:31right?
20:31Then their mortgage
20:32keeps going up
20:32and up and up forever.
20:33Yeah.
20:34So it can get quite crazy.
20:36I think a lot of people
20:38tend to overspend
20:39when it comes to property
20:40because they think,
20:41you know,
20:42it's a house,
20:43I'm going to stay here long term,
20:44they start dreaming about,
20:45you know,
20:45their kids running around
20:46in the garden,
20:47it's like,
20:47it's okay lah,
20:47you know,
20:48I'll just stretch
20:49and try to pay for it.
20:50But I think a lot of people
20:52get stuck with property
20:53that they probably
20:54stretch too far for lah.
20:56Yeah.
20:57Once you rent,
20:58it's easy to downgrade.
20:59Exactly, exactly.
21:00Yep.
21:00But when you own it,
21:02it's not going to be that easy
21:03to figure out things.
21:05Exactly.
21:05Yeah,
21:05that's what I think about as well
21:06because I'm a bit on an unstable income.
21:09Alright?
21:09So if I buy a really nice property now,
21:12like you said,
21:12if let's say something
21:14were to happen to my income lah,
21:16I could sell it
21:16and then buy a cheaper house.
21:17But like I said,
21:18it's not so easy, right?
21:19The process of all this is quite long.
21:20If I'm renting,
21:21I could just,
21:22you know,
21:22once my contract ends,
21:24I can't afford this anymore,
21:25I'm just going to downgrade
21:25and live somewhere cheaper
21:26for a year,
21:27for example.
21:28So it gives you a lot more
21:28flexibility in life.
21:30I would say,
21:30you're so young, right?
21:32Same age.
21:33You're the same age.
21:34No, I'm saying,
21:35I'm trying to say I'm young also,
21:36that's what I mean.
21:37We are so young, right?
21:38No, we're not even wealthy.
21:39Yeah,
21:40I wouldn't want to lock myself
21:42into these kind of like
21:43big commitments, right?
21:44Okay,
21:44so if I want to invest now,
21:46where do I,
21:48where can I put my money?
21:49You know,
21:50you know.
21:50I think,
21:50okay,
21:51not financial advice.
21:53No,
21:54there are so many options.
21:55It really depends on
21:56your risk tolerance.
21:58So,
21:58if again,
21:59if you want like
21:59just stable yield,
22:00just put Amal Asaham.
22:01Every year,
22:025%,
22:035.5%,
22:03nearly risk-free.
22:05Okay?
22:05Nearly,
22:06I would say nearly risk-free.
22:07Okay.
22:08You can't really lose money.
22:09So,
22:09you don't have to go through
22:10the headache of
22:11finding a property,
22:12signing the loan,
22:13taking on the risk
22:14that the house could,
22:15you know,
22:15fall in value or
22:16imagine your tenant doesn't pay.
22:18Honestly,
22:19that's my nightmare.
22:19What if I own a house
22:20and your tenant doesn't pay
22:21and you have to like
22:22call them
22:22and if they don't want to pay,
22:24you have to bring them to court.
22:25Oh my goodness.
22:25What happens if there's
22:26Yeah.
22:27Oh my God,
22:28I can't imagine.
22:29So,
22:29let's just forget all about that.
22:30You want 5% yield,
22:326% yield,
22:32just put it in ASB.
22:33So simple.
22:34Just,
22:34I'll do it right now on your phone
22:35if you wanted to,
22:36yeah.
22:37But then,
22:37there's one option.
22:39There's one option.
22:40If you wanted a bit more risk,
22:41right,
22:41you guys are not looking for,
22:43let's say,
22:44you're not looking for
22:44monthly cash flow.
22:45Then you can look for things
22:46like Bitcoin,
22:47you can look for things like
22:48stocks.
22:48I think these are all good options
22:49as well for long-term investments.
22:51And then if you want
22:52that real estate exposure,
22:53I think some people still want it,
22:54like I said,
22:55REITs lah.
22:56There are a lot of REITs
22:57you can choose from.
22:58They're like Sunway,
22:58KLCC,
23:00IGV.
23:00Yeah,
23:01it's interesting,
23:01right?
23:01Yeah,
23:02it's quite cool to think that
23:03when I go into Mid-Dali,
23:04I pay the parking.
23:05Yeah,
23:05I pay the parking 5 ringgit,
23:07I feel hurt.
23:07It's like,
23:08it's okay.
23:09It's going back to me.
23:11But yeah,
23:12there,
23:12okay.
23:13Yeah,
23:13so that's pretty much what
23:15I feel about property lah.
23:17Like I said again,
23:17I think everyone will have
23:18different views.
23:19It's just,
23:20you have to really choose
23:21based on your preferences.
23:23Don't get sucked into
23:24all this like,
23:25oh,
23:25everyone's telling me to do it.
23:26All my friends have property,
23:27so I want it as well.
23:28Just really think about
23:29all the different investment
23:30options that you have.
23:32Right?
23:32There's no right or wrong answer,
23:33just what's right for you.
23:35True.
23:35There's no property.
23:37Okay.
23:37Disc free.
23:38Yep, yep.
23:39So don't listen to people.
23:40Don't listen to people,
23:40just listen to yourself.
23:42Alright,
23:42that's a wrap for today's episode.
23:44Thank you very much guys.
23:45See you all in the next one.
23:47Bye.
23:47Bye.
23:48Bye.
23:48Bye.
23:48Bye.
23:48Bye.
23:48Bye.
23:49Bye.
23:49Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:50Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:51Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
23:52Bye.
Be the first to comment