2024 Property Outlook from me :)

2024 Property Outlook from me :)

Everyone has an agenda, of course

Imagine the central bank of a country declaring that the country will no longer be growing. Imagine a real estate agency informing all their customers that the market for 2024 is not worth investing. Imagine a property developer association telling everyone that it’s not a good time to build homes this year. Imagine someone running a property investment course telling you that property investment is no longer sexy. Yes, I can imagine that all these would not happen.

Read facts, analyse it well and not just read and believe everything

This is why when we talk about Property Outlook, it is super important to also listen from the ones nearest to the ground, the actual working professional who likes to do property visit, who likes to continue following the trends and developments and knows that if the inner road in a development is not 50 ft, it meant that the developer is NOT giving you enough value and thus should price the property lower and also someone who does not need to worry what he say will affect his business or association or members.

This is also why whenever we read any property outlook by any media, find out what are the things being mentioned, who are they people saying it. Then, decide whether to take in full or maybe some facts and then analyse the situation ourself. Just need to remember that everything we do, we should know more before we do. My friend reminded me this term. “Calculated Risk” just yesterday evening.

#1 – Everyone needs a home BUT…

No one wants to be able to see the stars every night when they lie down to sleep. It meant that they are sleeping outdoors, perhaps because they do not have a home. Occasionally people will say they love to camp. Well, even campers sleep inside their tent and not under the sky yeah. So they won’t see the stars too. Home will always be Home Sweet Home. The only catch is this. We need to know that not all homes are created equal. Some are loved more, some are loved less. Choose the right one and it will continue to provide a hedge against inflation too.

#2 – Everyone talks about property investment BUT…

Friends talk about property investment. Those who hate it talks about it. Those who love it talks about it. The only thing is what are we doing about it. Do we take action to know in more details? Do we know what’s the price for that area is trending? If we hate it, do we know exactly, why do we hate it and check the facts? If we like it, why do we even like it, did we check the facts and compare it against other types of investments and then only decide which is the best for us? If property investment is easy, everyone is already a multi-millionaire. If property investment is hard, anyone with a property is already bankrupt. 🙂

#3 – Everyone does forecast on property price BUT…

They say property prices may trend upwards. They say property prices may trend downwards (usually not happening). The truth is, whether the price moves upwards or even face pressure and move downwards for a particular period, this next word always happen. INFLATION will always happen. We better hope it happens because otherwise, nothing moves yeah. Without an increase in demand fueling a need to increase supply and thus the need to hire more and buying more inputs, then nothing happens.

In fact no increase in demand, then why supply more? If no increase in supply, then why buy more inputs, hire more people? Without hiring more people, where would these people get salary to demand for more goods and services? Supply will always take some time to build and that’s why when demand increases, then prices move upwards so that the ones who needs it the most will get it first.

#4 – kopiandproperty.com has been around since November 2013 yeah

I do not need to write some viral article to push up my rankings yeah. I also do not need to write bad news all the time so that I get higher clicks yeah. I write what I think is right and I write from the perspective of a real property investor who has a stable job. I also do not need the approval from property developers or property agencies. That’s why I decline any offer to sell property for a commission and I decline to have property listings from property agents.

Thank you for your kind support my dear readers. You have pushed me to keep writing for over 10 years. Haha.

Happy thinking and deciding.

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