However, we do not need that much of money to enable the next generation and the next and well, next, next and maybe another 350 generations??!! The below shows how a Hong Kong property tycoon thinks well ahead to ensure the wealth in the family is preserved for hundreds of generations to come. Do read and understand how this clever man left his fortune to the next generation.
I would love for foreigners to appreciate our property market enough that they actually chose to buy properties here. However, I would not want the property market to be so attractive that the buying becomes rampant or over double digits in some countries. When someone super wealthy buys a property in another country, chances are, they will be willing to pay more and this will inevitably lead to higher property prices if every transaction is showing an increase in price. So, which are the countries buying a lot of Malaysian properties? Is it C, I and S? Haha. Read on:
Buying wrong properties is fatal. Buying overpriced properties will mean a long time to recovery for this financial mistake. Waiting too long just meant that someone else is getting richer but just not the one who’s renting…I believe buying a property should be as quickly as possible if our financial capabilities allow. PLEASE REMEMBER, BUYING THE WRONG PROPERTY IS STILL WRONG yeah. PLEASE ALSO NOTE THAT OVERSTRETCHING FINANCIALLY IS DANGEROUS yeah. Due diligence is needed for all types of investments. Understand what we buy and do not blindly follow any friend or any property guru who’s a very good presenter.