Love your frank and honest advice. Wish more people can see your video. I was shocked to see people flipping 1, 2 years ago as that was totally unhealthy. Flipping will create bubble and at the end, many people will get hurt when the bubble burst. Worst of all, most people flipping keep thinking that this time is different and the property price will just go up and up. Luckily the government stepped in even though they should have done so earlier as the damage has already been done.
It is known that buying property is for long term investment. You stress the point right. Unlike some who think they are so smart to advise people to flip after a few years. Unfortunately, only benefit agents. As cost of changing have increase ie stamp duty, commission etc.
Aaron makes an excellent analysis and is accurate IMO. Property should be a low risk, lower return investment with a long-term hold perspective. If you can get a return above the inflation rate year after year, then your property investment is doing well.
Aaron, do you think Eric Chiew speculation and always ask people to buy new launch and sell after Ssd could the cause of this property flipping mindset myth ?
Reality is that property prices have really 10 folded over the past 60 years. So i can’t blame people for that mindset. Even if most people are just buying for staying people could buy a flat working for 6-7 years with cash outright in the 1970s while now probably with a 20 year mortgage. If house prices really drop a 40% we are all in for a rude awakening.
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Love your frank and honest advice. Wish more people can see your video. I was shocked to see people flipping 1, 2 years ago as that was totally unhealthy. Flipping will create bubble and at the end, many people will get hurt when the bubble burst. Worst of all, most people flipping keep thinking that this time is different and the property price will just go up and up. Luckily the government stepped in even though they should have done so earlier as the damage has already been done.
It is known that buying property is for long term investment. You stress the point right. Unlike some who think they are so smart to advise people to flip after a few years. Unfortunately, only benefit agents. As cost of changing have increase ie stamp duty, commission etc.
Aaron makes an excellent analysis and is accurate IMO. Property should be a low risk, lower return investment with a long-term hold perspective. If you can get a return above the inflation rate year after year, then your property investment is doing well.
Aaron, do you think Eric Chiew speculation and always ask people to buy new launch and sell after Ssd could the cause of this property flipping mindset myth ?
Sensible advice vs others in TH-cam that peddles constant flipping and pushing the new launches.
Actually after hearing the video, what are the two advices? I didn’t get them clear enough. So sorry to ask again and if you can word it down.
which area you are referring to, for the sudden rental drops? My area seems quite stable and slowly goes up in April (school zone).
So do you think it is better to buy a resale hdb than a resale condo?
If my spouse and I are both in our early 50s
There no 100% right on any side. It depend on your objective, ability etc. If u need real help can whatsapp me 88588488
Reality is that property prices have really 10 folded over the past 60 years. So i can’t blame people for that mindset. Even if most people are just buying for staying people could buy a flat working for 6-7 years with cash outright in the 1970s while now probably with a 20 year mortgage. If house prices really drop a 40% we are all in for a rude awakening.
Good advice as usual
❤️💪
Aaron, what do you think about 5 rooms HDB flat beside Bright hill station? Any potential to sell at 1 mil?
Anything new, big and good location can sell 1mil