Homelessness is a problem that goes beyond ‘rooflessness’ and a lack of access to safe shelter. The experience of homelessness includes vulnerable people living in refuges, crisis accommodation or in temporary housing.
If we are in the market for a new car and the model we like is about to be replaced by a new model, the car company may offer a big discount to clear all the remaining stocks before the new model comes. If we like the current car model and does not need the new model, then this discount is indeed a good buy. We get the car we want at a price lower than what we would have to pay in the first place.
Property Investment 101: Are you buying a property which is unaffordable to you? What is considered affordable property price? In order to know if the
Seriously, during the Covid-19 times, even the news were all negative. As usual, kopiandproperty.com was one of the few media continuing to write from an objective point of view. 🙂 Haha. Nevertheless, it was tough because no one likes good news and the number of clicks when it is good news is much lower than when it’s bad news. I knew about this long time ago but will not resort to writing bad news, sorry.
Great question and I do not have a great answer for you. However, I have a question. Given a choice, as a landlord, would you reduce the rental when there are many new properties in the market? Short answer is No. Long answer is No… unless of course all these new properties are on my left, right, front and back. Then, I may have to reduce rental if they are all being rented out cheaper than me.
Once upon a time, when I bought my first property in 2003, the interest rate I was charged was around 6.75 percent. Just look at the chart below for some idea. Yes, you can also be very alarmed by the property buyers in 1998 when the rate went up to close to 14 percent…. Take a look at the calculation right below this chart on interest rate.
This question is as old as time… Truth is, when everything is exactly the same, of course buy freehold property is better lah! Now, tell me frankly, if everything is the same, then what’s the price of the same property if it’s freehold versus leasehold? Yeah, you are right, the freehold would be more expensive. It could be 10, could be 15, could even be 20 percent higher. This is why your ONLY reason to buy must never be freehold status yeah.
Before I start, I need to remind everyone again that there is really such a thing as “Law of Attraction.” Somehow, we always seem to attract many people who’s just like us. Our friends… our colleagues… our tenants… They are like us! Be good to people, usually they will be good to us too. I give you a real conversation as below with one of my awesome tenant in Kota Kinabalu.
Property Investment 101: Can high interest rate slow down property price increase? It’s more expensive to buy when interest rate is higher I was just
It’s mortgage insurance. Personally, I think we should always protect our loved ones. So, yes, I think this is definitely needed. Or, you are already very heavily insured, then that helps too. All these protection will be needed when something unfortunate happens to us. If it does happen, I would not prefer that my loved ones would have to also all into an unfortunate situation; losing a place to stay too. Let’s look into both and you could then decide which one is more suitable.
Property Investment 101: How governments can encourage property buy Sometimes, intervention is necessary to restart the engine for the property market Governments do not usually
Property Investment 101: When property management does not have enough money to pay water bills