ASKING SEAN #257 | DON'T OVERPAY FOR OWNSTAY PROPERTY

Summary

In this episode of the Eung podcast, the host discusses a listener's dilemma about purchasing their first home. The couple, both 26, has a combined monthly income of 20,000 and liquid assets of 300,000. They are considering new properties priced between 700,000 to 900,000 with estimated monthly mortgage payments of 3,500. The host provides insights on affordability, considering future income, and the importance of not overpaying. He also addresses concerns about unseen communal areas in new developments and suggests visiting completed projects for a better understanding. The advice concludes with the '85% rule' for future resale value and the emotional significance of owning a home.

Takeaways

• 🏡 The podcast discusses a listener's dilemma about whether to buy a home now or wait, highlighting the importance of considering current and future financial situations.
• 💼 The listener, Howard, and his fiance are currently living rent-free in a relative's apartment, which provides a unique perspective on the urgency of buying a home.
• 💰 Howard and his fiance have a combined monthly income of $20,000 and liquid assets of $300,000, which is a strong financial position for first-time homebuyers.
• 🏘️ They are considering new launch properties priced between $700,000 to $900,000, with estimated monthly mortgage payments of $3,500.
• 🏢 Howard's industry is stable, and he anticipates a pay increase in the future, which could affect their affordability but is not factored into current calculations.
• 🏦 The podcast host suggests using the 'three times rule' to determine affordability, indicating that Howard's income should comfortably cover the mortgage payments.
• 📈 The host advises considering the '85% rule' to ensure that rental income from the property can cover at least 85% of the mortgage, providing a safety net for future financial changes.
• 🏗️ There is a discussion about the risks and benefits of buying new properties versus waiting for the right opportunity in the resale market, emphasizing the importance of market timing.
• 🌳 The host recommends visiting existing projects to understand common areas and facilities, which can help in making informed decisions about new properties.
• 💖 The emotional aspect of home ownership is acknowledged, with the host noting that owning a home can provide peace of mind and a sense of stability.
• 📈 The host concludes by encouraging Howard and his fiance to make an informed decision, considering their financial situation, future plans, and the emotional value of owning a home.

Q & A

What is the main topic of the podcast episode?

The main topic of the podcast episode is discussing a listener's email regarding their property predicament and seeking advice on whether to buy their first home.

What is the 'makeover Mania campaign' mentioned in the podcast?

The 'makeover Mania campaign' is a promotion introduced by the 'makeover guys', offering up to 10,000 ring in discounts or giveaways, which is the sponsor of the podcast episode.

What is the current living situation of the email sender, Howard?

Howard and his fiance are currently living in a rent-free apartment in Sri Klang, which belongs to a relative who is working overseas.

What are the financial details provided by Howard about his and his fiance's income and assets?

Howard and his fiance have a combined gross income of 20,000 per month, no debts except for the maintenance cost of the apartment, and a combined liquid asset of about 300,000.

What is the estimated monthly mortgage repayment Howard is considering for the new property?

The estimated monthly mortgage repayment Howard is considering is about 3,500.

What are the property price range and type Howard is considering for purchase?

Howard is considering new launch projects with sizes of 1,100 sq ft and above, with a price range of 700,000 to 900,000.

What concerns does Howard's fiance have about buying a new launch property?

Howard's fiance is concerned about aspects like the design of the corridors, lobbies, main lobby, refuse chamber, and facilities, which are hard to see until the property is completed.

What is the '85% rule' mentioned by the podcast host for assessing property affordability?

The '85% rule' is a guideline where the current rental rates in the area should be able to cover at least 85% of the monthly mortgage installment, ensuring a good exit plan if the property needs to be sold or rented in the future.

What advice does the podcast host give regarding buying a new project versus waiting for a subsale?

The host suggests considering the certainty and the current market conditions. If the new project offers good value and meets their needs, it might be a good option. However, if the market is not favorable, waiting for a subsale might be a better choice.

What is the podcast host's view on the importance of visiting existing projects when considering a new property purchase?

The host emphasizes the importance of visiting existing projects to understand what actual buyers are thinking and to get a better sense of the property's design, facilities, and overall experience, which can help in making a more informed decision.

What is the podcast host's final recommendation for Howard and his fiance regarding buying a home?

The host recommends that they should not overpay for a property and should consider the future upgrade plans. He also advises them to ensure that the rental rates can cover at least 85% of the mortgage installment for a good exit plan in the future.

Outlines

00:00

🏡 Introduction and Property Dilemma

The video begins with a host introducing a new promotion by 'The Makeover Guys' and then transitions into reading an email from Howard. Howard and his fiance are living rent-free in a relative's apartment in Sri Kangan, considering buying their first home. They are 26 years old with a combined monthly income of 20,000 and no debt. They are looking at properties priced between 700,000 to 900,000, with an estimated monthly mortgage repayment of 3,500. They have 300,000 in liquid assets and are seeking advice on whether the properties they are considering are too expensive or risky, how to estimate affordability, whether to buy new projects or wait for the subsale market, and concerns about the design and facilities of new projects.

05:00

💼 Financial Assessment and Risk Management

The host addresses Howard's concerns by first discussing the affordability of the properties. He suggests that with a combined income of 20,000 and no debt, the mortgage repayment of 3,500 is manageable. The host recommends the 3x rule for loan qualification, indicating that Howard's income should comfortably cover the loan. He also advises against being overly cautious with investments, suggesting that Howard and his fiance could afford to take more risk given their financial stability. The host introduces the '85% rule' for future rental income to cover mortgage payments, emphasizing the importance of considering future needs and potential upgrades in property.

10:02

🏗️ New vs. Subsale Property Decision

The host continues by discussing the pros and cons of buying new properties versus waiting for the subsale market. He acknowledges Howard's fiance's preference for minimal wear and tear and suggests buying when the property is vacant possession (VP). The host advises considering the potential for capital appreciation and the certainty of buying a completed property. He also touches on the importance of visiting existing projects to understand common areas and facilities, which can be crucial in making an informed decision about a new property.

15:02

🔍 Evaluating Property Features and Future Demand

The host emphasizes the importance of not being overly romantic about a home purchase and advises against overpaying for a property. He introduces the concept of the '85% rule' as a gauge for future demand and the potential for rental income. The host also discusses the importance of considering the property's future appeal when planning to upgrade or sell. He suggests that Howard and his fiance visit multiple properties to gain a better understanding of what they like and dislike, which will help in making a more informed decision.

20:02

🏠 Final Thoughts and Encouragement

In conclusion, the host reassures Howard that with their financial situation and age, they are in a good position to buy a home. He advises against overpaying and suggests making informed decisions based on their preferences and future plans. The host also encourages Howard and his fiance to visit as many properties as possible to gain experience and understand what they truly value in a home. He ends the video by congratulating them on their decision to buy a home and offers his contact information for further real estate advice.

Keywords

💡Makeover Mania campaign

The 'Makeover Mania campaign' is a promotional event introduced by the 'makeover guys', offering discounts or giveaways up to 10,000 ringgit. This campaign is mentioned at the beginning of the video as a way to engage the audience with a special offer, setting a tone of excitement for potential viewers interested in home improvement or real estate.

💡Property predicament

The term 'property predicament' refers to the dilemma faced by the email sender, Howard, regarding whether to buy a home given his current living situation and financial status. It encapsulates the central issue discussed in the video, which is about making a prudent decision in real estate investment, especially for young couples planning for their future.

💡Rent-free accommodation

'Rent-free accommodation' is the current living arrangement of Howard and his fiance, where they stay in an apartment owned by a relative who is working overseas. This situation provides them with a financial advantage, as they do not have to pay rent, allowing them to save money for potential investments like buying a home.

💡Combined gross income

The 'combined gross income' of Howard and his fiance is mentioned as 20,000 per month, indicating their total earnings before taxes and other deductions. This is a crucial factor in assessing their financial capability to afford a mortgage, which is a central theme in the video as it discusses the affordability of purchasing a property.

💡New launch projects

'New launch projects' refers to newly introduced real estate developments that are being offered for sale. In the context of the video, these projects are the type of properties Howard is considering for purchase, with sizes of 1,100 square feet and above, and prices ranging from 700,000 to 900,000 ringgit.

💡Mortgage repayment

The 'mortgage repayment' is estimated to be about 3,500 ringgit per month for Howard, based on the properties he is considering. This is a key financial commitment that the video discusses in terms of affordability and long-term planning, as it represents a significant portion of their monthly budget.

💡Liquid assets

'Liquid assets' are assets that can be quickly converted into cash without significant loss of value. Howard mentions having a combined total of about 300,000 ringgit in liquid assets, which demonstrates their financial readiness for a down payment or other immediate expenses related to purchasing a property.

💡Progressive interest

'Progressive interest' during the construction phase refers to the interest that begins to accrue on a property loan from the moment construction starts, even though the property is not yet completed or occupied. The video discusses this concept in the context of affordability and the financial implications of buying a property under construction.

💡Subsale market

The 'subsale market' involves properties that are resold by their initial owners, often after the property has been completed. In the video, Howard's fiance expresses a preference against buying from the subsale market unless the property shows minimal wear and tear, highlighting personal preferences in the home buying process.

💡85% rule

The '85% rule' mentioned in the video is a guideline for assessing the financial viability of a property investment. It suggests that the rental income from a property should ideally cover at least 85% of the mortgage payment. This rule is used to gauge the potential for future rentability and resale value of the property.

💡Exit plan

An 'exit plan' in the context of real estate refers to the strategy for eventually selling or renting out a property. The video discusses the importance of having an exit plan, especially for young buyers like Howard, to ensure that the property remains a valuable asset even as their life circumstances change.

Highlights

Introduction of the 'Makeover Mania' campaign with up to 10,000 ring in discounts or giveaways.

The podcast host's endorsement of the Makeover Guys for furnishing his units.

Howard's email seeking advice on purchasing a property with a rent-free apartment situation.

Discussion on the financial stability and future income prospects of Howard and his fiance.

The importance of considering the property's potential rental yield for future resale.

Analysis of whether the proposed property price is too high or risky based on the couple's income.

The recommendation to consider the property's potential appreciation and future demand.

The 85% rule for rental yield as a measure of a property's investment potential.

The advice against overpaying for a property based on its unique features.

The suggestion to visit existing projects to understand common areas and facilities.

The importance of not being too romantic about a home purchase and considering practical aspects.

The consideration of progressive interest during the construction phase of the property.

The advice on not committing to a property that may not meet future needs or desires.

The recommendation to consider buying a new project or waiting for a subsale based on current market conditions.

The suggestion to visit past projects by developers to gauge the quality of their work.

The emphasis on the importance of a home for emotional well-being and peace of mind.

The conclusion that Howard and his fiance are in a good position to buy a home based on their financial stability.

The advice to continue building equity and investing in real estate for future financial growth.

Transcripts

what's up guys sh welcome back to the

eung podcast and this episode is brought

to you by the makeover guys they are now

introducing this brand new promotion

called the makeover Mania campaign where

there is up to 10,000 ring either in

discounts or giveaways so I just put the

link down below but to me all my units

are furnished by them including the one

that I'm going to move in soon so check

it out and today we will read an email

uh hello Sean my name is Howard and I

have been studying your videos on

YouTube for around a year now I would

like your input on my current property

predicament here we go my fiance and I

are currently staying in a pretty cheap

apartment in Sri kangan area this

apartment actually belongs to my

relative who is currently working

overseas and he has agreed to let me

stay at the apartment rent free provided

that I pay for the maintenance cost as

well as upkeep the apartment during his

absence previously he has mentioned that

he plans to work overseas for around 5

years and then return to retire in

Malaysia which is estimated to be in

2027 hence my fiance and I are currently

contemplating on whether should we buy

our first home for the family we plan to

have in the not so distant future for

some context we are both 26 years old

this year and are earning about a

combined gross income of 20,000 every

month my line of work is expecting a pay

bump in the next year but I will not

take it into consideration as it has not

happened yet our industry is pretty

stable as well the property we are

planning to buy are new launch projects

1,100 ft and above and around the price

of 700,000 to

900,000 we have no depth currently as

our cars have been fully paid and we do

not have any other liabilities under our

name the monthly repayment of mortgage

is estimated to be about 3,500 every

month we have a combined current liquid

assets of about

300,000 but this is all so the questions

are as followed number one at our

current earning ability is the purchase

of the properties we are looking at too

high or too risky for us what's the

recommended property price for our

income range number two from our

understanding we will be paying

Progressive interest during the

contraction phase of the property do we

take our future income into

consideration when estimating

affordability number three do you

suggest we buy new projects which will

be completed around 2027 to 2028 or wait

until our income is higher and buy from

the subsale market in 2027 instead the

issue is my fiance is not keen on buying

subsales properties unless there is

minimal wear and tear from the previous

owner/ tenant number four for new launch

properties actually people pay most of

their attention to the unique they plan

to purchase and not the other things

like design of the corridors Leaf

lobbies main lobby refuse chamber design

facilities actual design Etc but these

things are hard to see until the

property itself has been completed my

fiance is concerned about these things

due to us visiting one of the old

projects of a developer noticing that

the Lea Lobby was pretty dark and gloomy

due to not getting any natural sunlight

from its location and design how do we

gain comfort that these things will not

be an issue when we buy a new project

hope you will be able to assist us then

there's a follow-up email some

additional things to add on my fiance is

not too keen on the idea of renting for

our own home as she does not want to

deal with the stress of possibly having

to move and being unable to have a

permanent place to call home I would

also like to know is it possible for me

to qualify for the loan using my name

only assuming my income is 10,000 DSR

will be about 30 to 40% in the bank's

eye but we will be splitting the

mortgage payment between the two of us

thank you very much so Howard thank you

very much for the email I really

appreciate it it's very very detailed

basically it's uh husband and wife who

is now staying for free in a relative

house in stre kangan planning to buy

their own house and the budget is from

700,000 to 900,000 which estimated to be

the money installment of 3,500 every

month so can they afford it but before

that right I think the style of email

really showcase that you guys are very

prudent at 26 both of yall have about

300,000 in liquid assets that's great

combined income is about 20,000 also

very good and the way you ask questions

and things like that it's just very very

prudent so I like all of it like in

terms of the car payments all done no

thatb so let's just go into question one

right is the price of property we are

looking at too high which means like

3,500 installment every month for a

joint income of 20,000 but you also ask

that is it possible to only use your

name to buy the property technically

like rule of thumb right just times

three one so 3,5 in order to qualify for

a loan that is 3,5 you times three so

it's about 10,500 and in your case

should not be a problem at all because

10,000 right to be thinking about it

it's very close to the T20 already T is

about 10,800 if you

consider uh whole Malaysia it would be

11,250 if you use the standard of income

for clang valy itself so that's very

interesting for another whole topic like

you think about a property that is 8 to

900,000 right it's the T20 that can buy

only but then you look into the sales

progress right w why still so many

people buying one right so many t20s

around me but coming back to your

question right in my opinion is it too

risky to me uh as long as in my standard

in my standard right as long as the bank

approv the financing means that they are

years of calcula ation and risk

assessment and have confidence in me

paying them back it means they have full

confidence in my current income

statement and condition for the next 35

years that I will be paying them back

including interest so that's my gauge

that's the whole idea of the channel too

if everybody were to just follow this

right technically I think that you guys

are giving a lot of money on the table I

think you guys are not taking enough

risk you have 300,000 liquid no debt no

car loan no student loan wow at 26 at 26

right both of you I will go way more

aggressive like that 300,000 right it

then depends whether is it in US Stock

or is it in crypto or is it in nftd or

art or watches or whatsoever that's also

part of the investment topic that we

need to think about here the main

difference then for this question will

be the intent of the property in your

case it's 100% own state so as long as

you all like the project within that

budget confirm can buy so 3,5 for a

person's income let's say 10,000 I think

is also okay because both of you is

going to pay half of it my technically

right so 1% is about 1750 very good but

just one more criteria to add on from my

point of view right every time we buy a

home we would think that it's a forever

home but our circumstances will change

especially at your age at 26 right now

just include your income future income

potential and everything else let's say

in the future you will make like 15,000

each or 20,000 each will you still be

thinking that this 800,000 property it's

the dream home no more already you will

want more and it's perfectly normal so

the criteria that I want to add on here

will be that 85% rule if this property

that you look at you like the layout you

like everything about it it's about

800,000 or the M installment is about

3,5 a month I'll go into the properties

surrounding that project Bank to look

into the rental rates as long as the

current rental rates can somewhat cover

up to 85% or 3,5 which is about 2975

which is about 3,000 now right so if the

rental around the area can generate

3,000 for the unit that you are looking

at I think it's a green light to go what

is this 85% about is 5 years from now

after you move in after all the

increment after the Lifest CH maybe now

you got one kid or two kids right

suddenly, one becomes insufficient you

want to upgrade to 1005 or 2,000 ft or

even a landard right what will happen to

the project then what will happen to

this home then so the 85% rule kind of

guarantees the demand of space not

guarantees somewhat gauge the demand of

space for this particular area if

currently it's now 3,000 maybe 5 7 years

later when you want to upgrade it's

3,002 or 3,003 but your mly installment

is is 3,5 even when you move out you

won't be too concerned about this

property cannot sell or cannot rent so

that's the whole idea about this 85%

rule that is somewhat used to gauge the

demand the future demand of the property

for your future Exit Plan the other

condition that I want to add on will be

to not be too romantic about a home

purchase yes everyone will tell you that

as long as you love it right as long as

you can afford just go ahead but to me

it doesn't mean that you can just buy

very expensive thing at a very senseless

price let's say if the surrounding is

about 700,000 you go and buy one new

project just because you like the

concept or whatsoever at 800,000 that is

something that you really need to think

about it because based on your behavior

of both of you right you guys are so

prudent about spending so informed about

everything I don't think this is going

to be applicable to your but I'm just

worried that a lot of people when this

conversation of dream home or home to

live in together comes into play right

most of the time the price needs to be

paid painful enough for the home to be

meaningful unfortunately that's always

the case but I don't have that concern

for you all okay question two we will be

paying Progressive interest during the

construction phase yes do we take our

future income into consideration when

estimating affordability yes and no uh

in the eye of the bank they don't look

at your future right because they look

at your current 26 at this income in the

future by default humans will always

want to earn more man we will always

want to be more productive in that sense

then yes look but from our own

calculation point of view maybe you want

to retire at 28 will you be retiring at

28 I don't think so right and this is

what we mean by commitment so once you

sign on the dotted lines right whether

you like it or not for the next 35 years

3,5 will be deducted from your bank

account reain or sign weekend or weekday

they will just take 3,5 and that is the

meaning of commitment that scares a lot

of people but if you are very confident

in your skill set and your income

generating abilities then I don't think

it's a problem yes you will be paying a

progressive interest can you save this

only if you take house key so I took

house key for my Boogie J purchase uh I

don't have Progressive interest so

that's one of the good things but then

uh I don't have as much rebate from the

developer so if they got house keys

promo for the particular project that

you're looking at maybe that's also one

of the consideration that you can think

about question three do you suggest that

we buy new project that will be

completed around 2027 or 2028 or wait

until our income is higher and buy from

subsale Market the issue is my fiance is

not keen on buying subsale unless

there's minimal way and te so you can

only buy when it's VP uh this one a bit

weird like sometimes when we look into a

project that's not really selling well

it means that after VP right there's

still developers unit that's unsold the

previous owners that bought the project

didn't really make money in this

situation if you were to buy four years

ago versus buy now the capital

appreciation is so low it makes sense to

buy later okay for the bookie Jal

project that have invested now it's

going to be my new home I bought phase

one at about 700ish per square ft so

when Block B Block C block D which is

the four phas is erected and sold out at

about 1,000 plus per square ft now if

you think of about it should I buy

earlier then yes because now if you want

to buy subsale it begins at 1,000 per

sare ft unfortunately this can only be

done or be discussed post event meaning

after 4 years when we look back only we

can know whether it's this purchase a

good or a bad one so why think like that

at the current moment all right so my

suggestion for you guys will then be at

this current Junction right let's say in

2024 you want to buy new where you take

the keys 2027 so you need to make a

decision today and you get the keys 3

years from now instead of that if you to

look into projects that is ready built

it will be a conversation then of new

versus Sub sale that is also new or

completed unsold and things like that if

you go into a lot of projects around the

city there still a lot of units that one

or two units of a project that a

developer is holding this one you can

only go in and ask that they they won't

be advertising already in those kind of

situations you kind of get the best of

both worlds means you buy directly from

the developer that includes with all the

marketing packages the discounts the

rebates the mot but it will be greatly

reduced compared to the days that they

were launching confirm but you get

absolute certainty which is your next

question also that's the fearful part

about buying new so when you're buying

new a lot of common areas are not very

very clear and you don't know what's the

tows of the swimming pool you don't know

what's the landscape Str

and the only way to somewhat gauge and

have some better estimation right is by

viewing a lot that's part of the goals

of the channel too like at this kind of

typology at this orientation the leaf

Lobby will look like this and if you

have a fire partition door and the

center the entire experience from the

leaf Lobby to the corridor to your unit

not as nice so these are the things that

will slowly highlight in the channel and

I'm so glad that you bring it up so when

you look into floor plate design now you

guys are making way more informed

decisions compared to our parents days

when they only give you the unit layout

now they need to give you a site plan

the unit layout the floor plate design

the facilities drawing ultimately it's

still guesstimation so can the developer

change or alter the corridor size or the

tower design after you sign the sbaa not

in terms of specification in terms of

form so in terms of Dimension like the

width height length all this kind of

think area you cannot change but you can

change materials colors textures and

things like that so for example the

swimming pool it's this big this long

confirm in the building plant approval

yes but that's tle size and design don't

know yet so the only way we can

guesstimate will be their rendering so

how do I personally have a better gauge

right past projects which you guys are

also using so you guys are visiting a

lot of projects and that I like and this

is some recommendations for other

couples or other youngsters who are also

shopping around for properties besides

visiting only new projects in very

comfortable settings at the sales

Gallery fully airon you got coffee you

got tea you got cake and all right I

would suggest to make appointments you

go and see existing projects then when

you visit you start to learn what are

actually buyers thinking about for

example like what was mentioned in the

email right uh where's the very few

chamber what's the experience from the

elevator car par to the Le Lobby to the

corridor to the unit itself then for

vors what do they do what's the

experience of the facility that going

back to the unit then is that fire door

partitioning the location of the units

against the refu chamber and things like

that and the more you visit then when

you look into the floor plate design you

can somewhat picture yourself within

looking out do you want a corridor with

voids or without voids what what would

the feeling be then part of it will be

to just visit the channel and look

through all the property series again

and again so somewhat you can

guesstimate or what's a double loaded

Corridor what's a single loaded Corridor

what would be the difference it's very

hard to describe if you are not

architecturally trained or you not

within this industry but I believe that

most of us live in a home live in a

house and it's not too difficult then

after the end of the visit something

that couples or Partners or whoever you

want to discuss right have your own

version of tree on tree point out the

tree things you like and the tree things

you don't like and you exchange idea

with it suddenly when you say hey the

location is good no no no it's too far

from my workplace huh then you want to

try the distance or not I like the

swimming pool how you why you like the

swimming pool like that no right no

wrong but it's just the mutual

understanding of what each other one it

helps with the unit selections or the

house selection project selection in the

future so in conclusion

right is 35 monthly installment too high

for a joint income of 20,000 no people

spend way more on cars so I don't think

so but does that mean that you can just

spurge on 3,005 like that you can but I

wouldn't advise to because you guys are

both 26 so the two conditions that I

would advise is to not overpay for a

property too much let's say if you are

like 10% above the median still okay

because you have that unique concept of

privacy of Serenity that you really

really like next to the rich girl next

to a lake girl who lik to a Seeker

whatever you know why you are paying

that extra 10% make it an informed

decision and go ahead right then the

other condition is the 85% rule which

somewhat allows us to gauge the exit

plan in the future when we want to

upgrade especially when you're just 26

most of us when we buy a home thinking

that it's a forever thing no no no no no

no no most of us when we do good right

we want to upgrade even if you don't

want to our love ones will tell us to

upgrade cars i w encourage but based on

what you like but homes now we think

that, one is enough but when you have

one kit then you have a helper you have

a second kit then your in-laws might

want to stay with you maybe should you

have a guest room and things like that

sooner or later but then when we want to

upgrade as long as the current rent can

cover 85% of the installment amount it's

all good because why not 100% if 100%

most likely is an investment product

that most of the time we don't want to

build a family in those smaller units in

a high density location high traffic

location usually that's the case that's

why the intention matters a lot when we

pick properties it's very very difficult

to look for a property that we love

absolutely love quiet Serene and things

like that yet the rental can be very

very high very rare okay very rare and

in terms of safety in terms of risk in

terms of future income estimation and

things like that I believe you guys are

doing fine again 26 years old a couple

right have 300,000 in liquid assets I

think you guys are all cleared up and

you guys are in perfect condition to buy

a home and I'm very confident right

after you buy the home right you all

will figure out a way to quickly quickly

get out of that also and based on the

context that you guys are giving me and

the vibe you guys are giving me right I

believe that would be the action plan

moving forward maybe you will clear the

house in 10 years time and last of all

the main difference between buying new

versus buying a sub sale will be the

difference in certainty so when you're

buying new there's only so many things

that you can really get steamate but

this highly depends on your experience

and that is determined by the amount of

projects that you have visited before so

a lot of developers themselves also

cannot estimate when they build really

they construct a why this like that why

the tower so dark everybody would

technically be aiming to build that

perfect property about why sometimes the

building come out not very nice so so

even developers make mistake architect

make mistake the only way to go around

it is to visit as many properties as

possible with the intention of studying

it that's why the channel will be very

very useful the entire property review

series go check it out and I like the

highlight of your wife not being a fan

of rening too and that just occurred to

me as well so like my wife was Al

thinking of a I want my own kitchen I

want to customize my house I want to be

able to add on build in Furnitures to my

own lifestyle I don't want to think

about because it's rented later the

landlord don't allow this landlord don't

allow that yes and this will be the time

to get your own home before this we or

me were still in the stage of gearing up

investment units building Equity

Building more and more that's why I

really like real estate I really like

property because it it's a necessity

where we need a space to live in it's

also an emotional thing where you feel

peace is one of the very rare Conant

that we have in this Ever Changing Life

That's why a home is very very important

if you need peace in mind but for the

rest of it right like for me I see it as

a total enjoyment it's an investment

tool to build equity to build money for

me wonderful right and I guess that's

all for this episode thank you very much

for writing in and

congratulations in this new decision

congratulations in embarking in a

relationship hopefully the new family

will be formed soon all the best and I'm

very confident that we'll be I somewhat

foresee the next email will be do I

clear my housing loan early or later

instead of that do I invest the money

somewhere else and build more yeah that

will be the next conversation after

you're buying the house once again

remember to check out the promotion by

the makeover guys and thank you very

much for inviting in for those who still

have any questions regarding real estate

do just email me at T i e RNG t n i e

RNG at gmail.com or you can just DM me

on Instagram i e RNG and I'll see you

guys on the next one ciao when

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