Why you will regret buying these properties | Eric Chiew Review

Summary

In this video, the host critiques a series of poorly performing properties, advising viewers to avoid certain condos purchased during the COVID-19 pandemic. Highlighting several projects, the host humorously discusses the disappointing investment outcomes, stressing the importance of being a savvy property investor. Using examples from his own experience, he emphasizes the risks of poor property selection and the importance of learning how to invest wisely. The tone is lighthearted yet critical, with an underlying message to avoid bad investments and make informed decisions for a successful property portfolio.

Takeaways

• 😀 The speaker highlights a playlist called 'The Regret Series,' focusing on property investments that have not turned out well for buyers.
• 😀 The speaker suggests that many property buyers during the COVID period made poor investment decisions, especially those who bought low-performing properties.
• 😀 The speaker encourages viewers to learn how to be savvy property investors and warns against mixing with people who make poor investment choices.
• 😀 A list of poorly performing properties is mentioned, including Amber Park, Avenue South Residence, Urban Treasure, and others, with a critique of their investment potential.
• 😀 The speaker criticizes agents who promote bad properties, suggesting that such promotions are often due to agents' incompetence or the buyer’s lack of knowledge.
• 😀 Specific examples are given of properties with poor resale transactions, such as House on Handy, where there have been no sales for 5 years.
• 😀 The speaker stresses the importance of making profitable property investments, with a target return of 20% per year for an investor to be considered successful.
• 😀 A calculator tool is mentioned that helps calculate potential returns on property investments after accounting for fees and expenses.
• 😀 Examples of recent property transactions are analyzed, showing cases of low profits or losses despite holding for several years.
• 😀 The speaker encourages viewers to avoid properties in areas like the Core Region if they have unrealistic expectations of profitability and highlights better alternatives that have yielded higher returns.

Q & A

What is the 'regret series' mentioned in the video?

The 'regret series' is a playlist created by the speaker where they discuss various property investments that people regret buying. The speaker highlights properties that have underperformed and warns others against making similar mistakes.

Why does the speaker criticize the properties mentioned in the video?

The speaker criticizes these properties because many buyers purchased them during the COVID period, thinking they would make money easily. However, the properties have not shown good resale value or significant returns, leading to financial losses.

What is the speaker's main advice for property investors?

The speaker advises people to become savvy property investors by making better choices, avoiding poor properties, and not trusting unqualified agents. They stress the importance of being strategic and knowledgeable to avoid losing money.

What is the significance of 'buying during a crisis' mentioned in the script?

The speaker refers to the idea that some properties were purchased during the COVID-19 crisis, a time when many people believed they would automatically profit from real estate. The speaker suggests that those who still lost money during this period made poor decisions or chose bad properties.

How does the speaker define a 'lousy investor'?

A 'lousy investor' is someone who makes poor property choices, often by following bad advice or selecting projects that don't provide good returns. In the video, the speaker uses this term to describe individuals who bought properties with little consideration for long-term value.

What is the main takeaway from the speaker's commentary on resale transactions?

The speaker highlights that many of the properties they discuss have not had any resale transactions for years, indicating that the properties are not in demand. The lack of resale activity is a red flag for potential investors.

How does the speaker feel about agents who promote bad property investments?

The speaker is highly critical of agents who recommend bad properties. They suggest that these agents may be dishonest or unqualified, and they emphasize that following such agents can lead to financial losses.

What does the speaker say about property prices and profits over time?

The speaker emphasizes that, in the real estate market, good properties typically appreciate over time. They mention that in a healthy market, a property should show a steady increase in value and profit, and an investor should aim for around 20% return on investment.

Why does the speaker mention the importance of 'using resources well'?

The speaker stresses that with sufficient financial resources, investors can make better choices and buy properties with a higher potential for profit. They criticize those who waste their resources on poor investments instead of using them wisely.

What does the speaker mean by 'don't mix with poor people' in the context of property investments?

The speaker is using this phrase to highlight the importance of associating with successful, knowledgeable investors who make wise property choices. It is meant to emphasize that learning from the right people can prevent making poor investment decisions.