00:00You invest in property, assets, especially real estate properties with assets that have very large debts.
00:08Well, there are a lot of traps here, because many people think that when they invest in property, it is considered safe.
00:13In fact, when you buy property, the majority of people buy property using debt.
00:17If there is debt, it means there are installments.
00:19And when a recession occurs, what happens?
00:21This is a time bomb, guys, because you keep paying your debt.
00:25For example, many people already have one house, then suddenly buy a second or third house for investment, that's their mindset.
00:30When you buy property, it's an asset, and it's thought to be safe.
00:32Many people do that? Many.
00:34Not only houses, many people also buy apartments, investing in apartments.
00:37Some have even arrived in Singapore, many of our friends have invested in Dubai.
00:40What hope do they have that they can rent it out at a high price?
00:43Yes, you can, for now.
00:44But it turns out, whether you want a house, apartment, or a residence, it becomes speculative when a recession occurs, guys.
00:51Why is this dangerous?
00:52Yes, just imagine, when a recession occurs, it's certain, demand decreases, rents decrease, demand becomes increasingly sluggish.
00:59But bank interest can actually get higher.
01:03And when all that happens, demand has decreased, rental prices have decreased, and interest rates have even increased.
01:08What happened to your installments? Your installments are still ongoing.
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