ASKING SEAN
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- čas přidán 23. 02. 2023
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In this episode, we will talk about playing within our means instead of pursuing that romantic idea of having an ancestor home for the family. Especially when they are new addition of family members. All resources including money and time will be stretched.
So if he is okay with the stress, then I would go with a marked up deal. If not, I would go with an apartment within the budget, then continue to work like dog for the landed home.
damn...the jump from 1.5K commitment to having a twin and a house will be a shock!
My own case - purchase a condo at the first place. Subsequently our family growing and eventually we purchase a subsale landed prop during MCO period and now, it has appreciated like 10% in terms of value. It’s leasehold as well. Whereby, for the condo, it’s extremely hard to find tenant and the market value came down.. We actually sold it at loss and fork out 30k to settle everything. Morale of the story - u will never regret for a landed prop at good location.
Moral of the story, to have a condom available at all times if you are not ready for this situation.
Hahahahahahahahaha!!
Is not about landed or highrise, is about how big the space you actually needed. If you only need 1000-1200sqft, but you bought 2000-2500 sqft. You actually paid "extra" for your wastage. Buy what you need, not only what you want.
Its all depends whether you can afford it or not ? If you cannot afford it, then just get a condo. If you don't have big hat, don't try to wear one. Don't swallow something that you can't swallow or else you will get choke.
Good advice Sean, covering all the bases. Gentle 'hand holding' approach with words in delivering the 'brutal truth' about affordability when it comes to purchasing a property which is a long term commitment. More people, especially the first time home buyers should come and listen "Asking Sean' before making their decisions. Great job, two thumbs up!
Good and sound advise given to Jon. Spend within means has always been my mantra.
That is a good piece of advise and help the buddy with some visualizations! Good job Sean.
A new semi-flexi style of working hour nowadays make a lot of different.
Like you just need to come to office once or twice a week, that will be good point to purchase a unit little bit outskirt.
Plus if you buy a good maxi-scooter, it will definitely change our perception on outskirt area.
The wife is commission based, and it usually flexible hour supposedly.
Forget about the ancestor home concept . chances are your twins are likely to work and reside overseas and both you and wife will stay alone in the large house once your parents pass away.
You get the point right, absolutely agreed!
No worries about the price of landed property increasing in the future as future you may be more able to afford it as you progress in your career and earn more. Always good to spend below your means so that in bad times you can still support financially. All the best.
i own landed home, and is middle of town(KB kelantan) i don't have issues every week fixing any leaking or no problem with air condition(have 3 sharp 1hp inverter aircond/ 1 2hp aircond living room)... maybe need maintain aircons 1once a year service and roof repaired once in 5 year owning the house.. just maintain ground like grass cutting is annoy me once a month that about it.. and weekly garbage removal..
Watching this while on the way home.
Well Well said and every words are from a Parents like us to explore.
this was a very nice video sean, thanks for the advice!
Glad it was helpful Brnd!!
I'm more or less in the same situation. I personally agree with Sean. Go with the financial comfortable options and don't let ego blinds you.
Thanks for sharing your take Jonathan!
Good channel, keep the good works 👍
Appreciate the kind words Tee:)
Very very thoughtful advise 👍 even to think about the baby
Coming from a parent mah hahahaha:)
This video is very real, soo true. Good one
Thanks for watching Ashri!
26:05 wow right into the feels
If for work from home case is it advisable to get a far far rented home? Eventhough no need to go office I'm also concern whether I will be regret when the baby grown up for school in outskirts area?
legit points. thanks for sharing.
Glad it was helpful! Thanks for watching Remmy;)
If the landed house is lease hold really need to think twice 😅
Some more is it really really need to purchase a mil house for own purposes 😅
He still young still got many chance to purchase the landed house in future one ....
Is not easy to commit a Baby ...my own experience,my personal commit my young daughter per month is over 2k is just for the school fees and some extra lesson fees...not yet including Birthday gift , Christmas gift , and some extra experience family trips ....Of courses this kind of commit is depending parents....
But ...most younger parents is (Yes )Parents one ....😂
Great advice that comes from your experience. Not sure why but i find some of my friend who were raised in PJ have this obsession with house in PJ. Why do you limit your choice to property in PJ. PJ is expensive man.
Everyone will always have an attachment to the location they grew up in. KL folks will always prefer KL, the same goes for other locations!
Everyone will always have an attachment to the location they grew up in. KL folks will always prefer KL, the same goes for other locations!
@@iherng Not really, I grew up in KL but I moved to Selangor for more affordable landed property. Less jam, big and cheap😅
Listening to this in the car.
Not sure what is the pros of buying a landed especially if its leasehold, since the capital appreciation is high only for freehold. I don't think landed property really provide a higher standard of living, if anything i feel condos are more comfortable and easier to maintain, less bugs and pest too. I have stayed over 20 years in landed.
It depends on the person itself. For me better landed, even if leasehold, as i dont use any of the facilities provided by condominium etc swimming pool. Gardening space is greatly important to me.
nice one bro
Thanks for watching!!
19:32 Why subsale houses are more value for money? New houses have discounts, cashbacks, free legal fees, etc and the houses and furnitures are all brand new. And may be zero downpayment. Isn't it better?
They will price in all that along with inflation for the house. But a subsale is strictly determined by the market.
@@iherng What about far capital's 25% off deals? Still worth it? I am keen but not sure if ther deals are in the locations i like to stay in.
Cos you can buy subsale property below market value (if you have luck) which is cheaper than buying a new property from a developer
i feel he did not consult the future Finance Minister / God of the house. Baby on the way is 100% not the time to think about new house / moving etc.
I encourage this guy to buy landed homes which are getting less and less compared to strata units. Their capital values will continue to go up while condo markets will regularly face oversupply. The idea of living together is very commendable: my daughter stays in 3 storey terraced house- with master bedroom reserved for us the parents, and enough rooms for her, son in law and 3 little children, plus 2 helpers. The kids have so much space to move around and play with. It's a great joy to live together as a family. My children are working hard but not complaining
These days work like dog for high rise too
And it’s only gonna get worse unfortunately:/
A million is 4k per month ?
Around that depends on the interest rate you get and the loan tenure.
Thanks for watching man
Were you in duta immigration today?
You were there too?
@@iherng ya, saw you at Gloria jeans
To me it seems like in some ways, it's all John's own thinking... 🤔
Yupe. But its the breakdown of which one I would suggest to take. Context of the reasoning would be more important instead of A or B.
中国有6亿栋居民楼，平均2个人一栋楼、足够全世界人口居住。
去年三月底上海封城，导致大量中国富人外逃移民海外。现在马来西亚的住房是过剩的，新山可容纳70万人的森林城市只住了2千人。疫情三年，俄乌战争、AI时代…等。谁知道经济什么时候复苏、工作能不能保住？
Buy stocks in Raytheon, boeing, Bae systems, Lockheed etc. USA is hell bent on waging wars everywhere especially with China. War is going to be extremely lucrative for USA corporations.
Bruh this is traumatising lol. 我躺平就好了
Dogs don't work. Great
Hi Sean,
Just for your good and also improvement for the shooting image quality. Can you tidy up a bit the surrounding especially the spot will show in video, coz I felt very annoying with the towel on your seat handle, and I think you just came out from shower, on table is your dirty clothe.
sorry to give you comment here.
Well this was shot between a time slot between fetching my kid to school, an online meeting and going to an event hahaha. This is my actual workspace, not the studio but let me try to 'dress up' a little bit.
Sean~ did u go gym? your body look abit bulk. haha
Dogs don’t work , they just stand around waiting to be fed by kind people
Sacrificing your immediate comfort for a 10 to 20 years "hopefully" incremental investment, it depends whats your goal lah youngster, if you're not planning to get married you may as well yolo or use the fund to hire mentorship to help you make more money instead of "locking" your whole assets on a thing that cannot be liquidated almost instantly