Ok, you just landed your first Paycheck. Its RM2000!! Wow my first paycheck! OH, what a feeling! The next thing on your mind is how am I going to Spennnnd it? After a while the excitement dies down, you start realizing you need to buy a house because people say better own than rent.

But How? By the time I save enough to buy, house prices have already gone up, and its not the same price that you would have been able to afford.

I don’t want to sound harsh but young people looking to buy their first home need to look at themselves. Then their misguided believes, chief among them:

1. House price is going to come down soon

“Now it’s a bad time to buy because a there is housing bubble, lets wait for to burst, and prices are going to come down.” For your information, the housing prices in Sabah (in Malaysia too) has never drop, even if it did, only by a few %, but when it goes UP, it GOES WAY UPPP..

Just look at the popular areas like Luyang, Damai, Lintas or Kepayan, Penampang, did anytime in the last ten years the house prices in these areas drop? Inflation is happening everyday, affecting everything, why do you think houses are sparred?

2. Not Enough Down Payment money

If are looking for a DREAAMMM house, with 4 bedrooms each with en-suite bathroom, with a kitchen even a sumo wrestler can cook in it , then of course you don’t have enough down payment lah.

Start looking for houses you can afford, with things that you need like bedroom, bathroom, stove (no need kitchen if you eat out a lot, you probably only use it to cook Maggi anyway) air cond, and fridge. You also don’t need a swimming pool, because there are only so few babes who swim in your condo pool because of worried about getting dark skin.

3. Too Far Not Convenient, Jam

I don’t want to sound harsh but there is this thing call a Car. 15 minutes to 30 minutes travelling time to go to work its reasonable and totally acceptable. Consider this, A lot of Tokyo workers spend 1 hour to go to work EVERYDAY and another hour to get back EVERYDAY.

 Jam is everyway in KK, and much of Malaysia capital city, if that area is not jam yet then probably will be in a few years time. You just have to be earlier or smarter (get a 4×4, go off road)

Just buy where you can afford, your job may change and but your house remain yours. If you don’t want to stay there now, you can always rent it out. Ok now, you say tenants is headache, its not easy but its doable, it comes with the territory.

4. Cannot Get a Loan

If you cannot get a loan, WHY do you have money to go clubbing, every weekend, buy RM15 coffee, dine at expensive restaurant and the most damaging, going for OVERSEAs vacation 3 times a year.

Probably you need to prioritize your money, heard of a term “PAY Yourself First?” Clear credit card debts and start building your bank statement nicely.

Beside that you can join names and find a water fish who wants to be your guarantor, usually your parents but you will be surprised, girls with attractive features have an edge here.

Start your property investment journey when you are young, and you can reap lots of benefits, maybe even retired early or get that nice car you only dream about. If really no money to start then buy Toto or Magnum; they need your money to pay rent to the landlord.

Property Kid.
Always Learning. Always Investing.