Even the 90s have seen the hard effect of economy slowdown in this few years where many struggles to meet their ends. This is clearly proven when people start to work for more than one job (or joining lots of money game) just to squeeze more juice out of their nuts.
Young Malaysian that starts to get out of their comfort zone and work will begin to hunt for suitable property as their first home. There are always queries by property buyers of when will be the best time to purchase a property. We always try to haul things best when it is in a big discount. What if I tell you that the property market is cheap now?
For some people out there that is worried about the possible economy meltdown in the next GE election or due to Trump's administration, you could be correct, but even catastrophe happens, everyone still need foods and shelters right? The temporary downturn will be reversed as the economy cycle is always on the run. Truth is, even you kept the money instead of investing in property, just in case of economy breakdown, the currency will most probably crash as well, causing your RM 100 to be worth like RM10 in that situation ( which explains inflation as well.)
It could be quite risky if you might not be able to pay the mortgage on time, but have you ever thought that if the economy is stable and you got your 9-5 job working out smoothly for 10 years, will the property price be the same as now? Will your salary increase be able to cover the price hike? Will population of the world increase? Does it affect the price change of the property markets?
Remember, taking no risk at all is the highest risk.
Properties are a double-edged sword where it can cut and harm you, but it can also make you wealthy effortlessly. There are people who took the opportunities and bought certain stocks or properties in Penang Island and just live their life quietly as usual, until 10 years later they become millionaires out of the air. (as seen by some people)
"Knowledge is power and if we mastered such intelligence, anytime is a good time to purchase properties. Property investment is a long-term game, and investing into long-term markets will guarantee you great returns."
- Dato’ Sri Gavin Tee, the founder and president of SwhengTee International Real Estate Investors Club and the director of AGV Consulting Sdn.Bhd
Study, Learn and start Investing!
W.
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