Why RENT when you can BUY? Buy vs Rent
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- เผยแพร่เมื่อ 5 ก.ย. 2021
- Should you BUY or RENT a house? Watch this before you decide! Here's what I think. 🧐
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I think we all should appreciate how the video is getting sponsored by Mah Sing and he still makes pros and con for renting and buying. Salute to you MrMoney haha
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I personally feel there is no rush to buy a house. I would encourage to rent especially when you're still young. You might not know if you were to move to another city or you might move back home to your hometown to live. Case by case basis. Usually when I speak to people about this, most probably they already made up their mind.
There's always the ability to rent your property if you can find an investment that is versatile as rental property and/or as home stay
In Asia context; yes I would buy at least a property. And never buy a dream home for 1st property. Get one which is affordable; and at the same time; there are rooms for some entertainment, leisure and of course emergency fund. Am a firm believer that a person could be considered over-commit financially if he/she still serving his/her 1st mortgage property by the age of 40. And buying property is also to hedge inflation.
For me, rent first until getting child then we can start thinking about buying landed house for family
yup, better rent dulu, kasi financial kita stabil baru beli rumah
Please get enough money before having a child.
It's the other way around for me honestly, i would wanna become absolutely financially stable before having a child. Dont ever want them to join in with my own life struggles.
I prefer renting, if I have to buy a property in the same area it would cost me RM1800 - RM2,000 a month for the bank installment, if I rent, I just need to pay RM1,000 a month, and I can save my balance RM800 to my unit trust or private retirement scheme for 20 years. I work in KL, but I not prefer to stay in KL at retirement age.
You should have added the installment-rental difference to the investment calculation as well. If you add in extra RM1100 monthly (RM 2600- RM 1500), at 5% compounded he will have 1,265,967.60 after 30 years, 3,741,767.30 for 10% and 11,697,695.41 at 15%
Wrong... I don't have to come out a single cent.. My tenants paid up my loans for me.... Do you think landlords are worse off than most tenants?. If you think of this or that, you end up with nothing in your hands when you cannot work as you get old...
For your information,, some of my tenants rented my house for more than 20 years.. They are as poor as they started renting from me. They are not millioniares like you think. Check around and do a survey before you teach the bad habits of some one who think renting is better than buying.. Most will end up poorer and still renting after they cannot work anymore. Do you think they saving can outlast the inflation rate.
@@nickyyap1663Hi Nicky. Subbed to your channel. Agree with your statement here, sounds like you have a lot of experience in this field. Can I ask you something regarding properties, I promise you I'm not a scammer. 🙏
Malaysia housing market is different compare to other big city like HK,SG ,UK , supply is more than demand, so renter has more pro than cons such as choices and flexibility
if young and still unsure of your career/business and where you will settle down better to rent and invest the difference. buying a house is NOT A CHECKLIST item
Ronny can also choose to rent a place near to his office from time to time which could saved his time from travelling. He can spend more time with family and personally. I think it can be counted in as benefit as well.
The world is uncertain in the future post covid. Rental and installments may seems the same but rent is much better. You don't need to pay for insurance and maintenance. Owning house comes with alot of hidden charges than just installments. Post covid, flexibility will be important. Rent according to your ability and save money at the same time.
Every single individual is different and this video just give perspective and situations for both renters and house buyer. Thanks for the insight!
For me, better to own property.. being an Indian, it is very hard to be considered as a tenant 😆
a good analysis, but let's highlighted this : Renting Ronny might have RM90k money if he does not use it for ownpayment etc., but tell me, how many people who renting, may realise that they might have 90k money to be used for invest, for example. People who aim to buy property, they have aim to gather 90k for payment, but people who rent; my guess is they don't even aim to gather 90k just for the sake of investing (unlike Buyer Brian). Food for thought.
i choose to buy a house. it makes me more discpline and im hoping when im old, i have a shelter over my head that is my own. the 'little' leftover money, then will be use for investment. might not be much, but surely can cover my kids education cost. and with covid, the material for construction is GETTING MORE EXPENSIVE. so i think property price will never go down..sigh.
This is true got shelter don't need to be rich at least when armegdoon hapen you got house you one not becoming homeless .
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the info is super good and the editing skills is siao SIAO!
Thanks for this informative video. Stay with parents first, save money, buy house. If you need to rent, just rent a room. If you want to save some more, just do like what i am doing, stay in the office. Free electricity, broadband, water and condo facilities.
the video effect is so good haha
loving ur contents!
If Brian decided to sell his house after 30 years, then where he's gonna stay? Assuming that he is going to buy another house at the same place (Puchong) with the profit he made, the prices of any properties in that area will cost almost as much as his profit, at that time. So, at this point, buying a property solely for a shelter doesn't seem like a good investment. I'm not saying it's bad, but it's just not worth the money and time. I feel it's better to rent if you are looking for property to stay in rather than as an investment.
he can settle for a small pc of land with a small plot of house at rural area.
maybe brian can use that money for renting and buy a lamborghini
It all depends on where you stay I guess. For example in Singapore, rental is high and on most on par with the monthly installments when you get an HDB. When we retire with the house paid, monthly cash outflow will drop. If all the kids move out, we can even rent out rooms to tenants and have passive income.
Good video overall, but miss out key points of buying house. The payment of down payments and mortgage payments will add up to your asset build-up. So selling before 30 years also means can get back some money. For buying house, key factors to consider also amount for down payment (vs loan amount) & tenure that will impact repayment amount and interest paid.
terbaikkkk la Peter bro. I agree with you. both renting and buying ada advantages and disadvantages. for me, as long as I didn't secure my job, I'll stay in my family house 🤣
Love the video quality. May I know where you get all the background music and sound effects?? Thanks in advance.
Best explanation ever
the p.a rates on all cases are very "optimistic", but i do agree wholly on the message being presented. how i wish i know this when i was younger...
Meanwhile, me and my partner decided to rent once we move in together because we’re both undecided on where to settle down (our hometowns are in different states) 🤣 i was worried we might miss out on buying property before the price increases in the future but glad to know there are multiple pathways for renting
Maybe now you would want more space as your kids grow. After they become adults, you might want a smaller space as they moved out.
Senario 3 will be the likely scenario for the everyday malaysia. I have strong doubts the economy will recover. Bought my second property this year at 34 by taking advantage of the HOC campaign which means free stamp and legal charges. I only have to pay for the loan agreement which was under RM 8,000. Most importantly a place to call your own and not other persons. Better be Brian with the current economic climate if you can afford it.
Good job!
I thought ur video is gonna lean towards your sponsor message, but the video is really neutral in terms of explaining both side. I love this video, more people should watch this.
I'm not an expert but wouldn't a 30 year old house be way too old to have that kind of value? Unless the assumption of 5% increase is from inflation, but that would apply across the board right... and if that's the case, then 2% increase in rental every year is very good since its lower than inflation.
Overall, its a good analogy, but the assumptions are way too simplistic. It's a good reminder of the elements that we need to consider when deciding, but the worry is that there may be people who see your face value numbers alone. There are actually a lot of other factors to consider (eg. freehold/leasehold, maintenance fee, strategy to buy for stay/rent/capital gains, LOCATION)
My suggestion next time is to conclude and summarise this into a "checklist" so it is clearer, not focusing too much on the numbers because big attractive numbers may give people the wrong impression of what the property market is like.
Not an expert too. but i wouldn't say the same thing for houses at penang and ipoh
and landed property at PJ, ss3 ss15, bla bla bla bla
as a 20yo, I alwaysa wanted to buy a small flat to live in and invest in better properties to rent out.
who the hell gets 15% return pa consistently ?
Money is the roots of all evil. Greed is the number 1 recipe leading to disasters. Think twice when someone intro a high returns. Haha
Yalo. Talk like very easy.
yup, high return high risk , stock and crypto is the way can make a lot ,but guess what?u can lost all in one day,depends how u play with your money
I wonder about payment for that upfront up to 90k. Isnt bank only allowed maximum transaction of 30k-50k? XD is there any information that I need to understand? Im too curious about this.
Kalau rasa diri sendiri dapat berdisiplin utk berjimat atau melabur sepanjang menyewa tu adalah lebih baik untuk menyewa kerana menyewa lagi banyak manfaat tp kalau rasa diri sendiri susah nak berdisiplin adalah lebih baik beli rumah sebab sekurang kurangnya ada rumah bila umur dah lanjut nanti
If you could include the projected future price of the same property 30 years before and after, would be great. As 30 years go by, the property of $1M could have cost a lot more!
Everybody is made different. Not everybody can find chunks of money upfront, also not everybody have the patience to wait 30years. Not everybody like to live in a big house or even a, house! At the rate its going, people dont even want to have kids anymore. A tiny home (worth not more than RM50 - 100k, also note that not everyone lives in KUALA LUMPUR) or a room would seem more reasonable for some people or shall i say, most people in the coming future. Not everybody like to live in the same place all the time. I think we(specifically those who tell others that buying house is the right thing to do) should learn to control our own doubt of our decision on buying a house. We dont have to go around telling people on whats the right thing to do to increase our self confidence on if we have done the right thing. For me, waiting 30 years is a STUPID decision unless you are a house "flipper", but at least i dont go around telling people whats the "right/better thing" to do. Good Job Mr.Money on trying to be balance on the points of view even though sponsored by Mah S.
If you are not a consistent person who works inconsistent towards your job then you should buy a house but need to gain money first then buy it at young age and enjoy live rent free if done got a job at least your not homeless or can still find a job that pays 1000 just for needs of eating and drinks and bills of electricity and water I prefer this way
did you figure in Ronny investing the difference in his rent and the monthly downpayment?
Wow you actually made this video,
I am proud of you,
But you didn't key in the Factor of new property, we young people love new property many of us makes more than 15% a year when investing, move in newer and better properties every two years
you forgot to mention Ronny can save another 1.1k monthly since hes paying 1.5k instead of 2.6k in addition to his 90k
I was lucky... I bought a house just as the economy crashed. I was quick to slove the problem and moved back with my parent and rented out my house to cover back the payment. When the economy picked up , my house value shot up and the rental was good enough to make more than the payment of the instalment.
Buy the dip haha
Talk about luck. I bought a house before covid, priced below 300k 850sqft. 5 mins from MV. Now a lot of agents are bugging if my house is available for rent.
If the tenure is only 70 years left, I don’t think the price of the house will increase by 5% per annum
thank u sifu :)
Good thing I settled my mortgage, houses are a liability
Can i know how to buy stocks ?please 🤔
Like where to buy it?
Where is this house located with Mah Sing?
Buy a smaller unit with upfront of 45k and invest the other 45k.
Use the BRRRR strategy to own multiple property for the price of 1
Can you share info on were to get 15% return on investment?
I guess this video only apply in KL, i guess? How about Sabah and Sarawak?
This advice is applicable everywhere now, not only in KL.
Unless you work on KL but stay on N.Sembilan, buying a house will be a better choice.
Most of the people are looking at safe investment such as stocks and banking products. If you can take very very high risk like me, got more than 1000% profit in crypto in less than a year, that year alone already more than your 15% p.a.. I am renting now and turned some of my savings to more than 1000% in profit. I don't regret renting because I can soon buy a house with my profit.
Oh never thought Mr Money is a UPM alumnus...cool
Go work abroad and send moNi back to buy lor. So many talented Malaysians doing that. Problem is many dont come back eventually...so...
Nope, you haven't checked. KK Sabah is the most expensive per sq feet in comparison to the disparate income.
Hey BC Data was based on average price of houses, not per sqft. 🤭
hmm... i saw the graduated photo inside this video, is it UPM? haha
Good news guys, Etoro listened to my suggestion and lowered the minimum entry for Malaysia from $200 USD to $50 USD.
hehe investment return 15% per annum , thats more than warren buffet . good luck
Rent!! huhu
I would rather rent, keep more cash for more opportunities!
I don't need any oppurnity, my house from 45, 000RM went up to 1.5 million RM in PJ while my friend is still chasing the wind looking for oppurnity.
just buy the house....than to wait 30 yrs for the investment....your kids can inherit the house
Misleading information. It was mentioned that if rony invest rm 90,000 he will get rm 5.9 million in 30 years there is 15% per annum of return.
After calculation, rm 90,000 x15% p.a = rm 13,500 per year
If 30 years it’s rm 13,500 x 30 = rm 405,000
So can I know how rony gets rm 5.9 million after 30 years ??
Compunding my friend.
Compounding, your reinvest what you earn from the previous year - not only invest Rm90k every year
Graduated from UPM? It looks like dewan upm haha
So you're UPM's alumni... Cool
I like how he assume property price increase 5% per annum. People like this are the ones that have financial problems in the near future
Many who don't buy house are yolo
Tf Dude…. 15% return pa continuously for 30 years? Please be realistic for an average joe out there la
issue: Rent vs buy
sponsor: Mah SIng
Not so unbiased after all?
Paying 90k upfront for a property that is worthed millions after 30 years is better than paying 0 upfront but no property at the end.
Everybody is made different. Not everybody can find chunks of money upfront, also not everybody have the patience to wait 30years. Not everybody like to live in a big house or even
a, house! At the rate its going, people dont even want to have kids any more. A tiny home (worth not more than RM50 - 100k, also note that not everyone lives in KUALA LUMPUR) or a room would seem more reasonable for some people or shall i say, most people in the coming future. Not everybody like to live in the same place all the time. I think we(specifically those who tell others that buying house is the right thing to do) should learn to control our own doubt of our decision on buying a house. We dont have to go around telling people on whats the right thing to do to increase our self confidence on if we have done the right thing. For me, waiting 30 years is a STUPID decision unless you are a house "flipper", but at least i dont go around telling people whats the "right/better thing" to do.
video sponsored by mahsing ( property developer ) telling others to buy a house. Totally no conflict of interest at all.
uhm... thats not the content of the video... we in fact pointed out that renting could be a better choice 😀
You ate teaching others how to be rich to be a multi millionaire by buying or renting !??????? Before you dispensed such as ice to others are You qualified to render such advice to others ? Ate You a multi millionaire in property investments ? Most probably Yiou are not ! Your advice is one of the. Ain reason why so many ate poor nowadays in short don't give such advice on proper information unless you yourself have made yourself a multi millionaire by right.
House mah sing quality very bad
Why buy if you can rent🤣
do very badly in investment = 5%? LOL
Sponsored by Mah Sing, your opinion skewed towards owning a house. LOL. Unbiased? Hahaha
so easy to bcome millionaire by investing? if so, no more poor ppl in this world
it's abt consistency putting in cash to investing for 30 years , not many ppl have the tenacity to commit for that long~
I agree with Mr Guan, the temptations for a normal person is crazy. For the lower income group, it’s even harder to save up money and invest aggressively. Allow me to quote something cliche..
“Compounding interest is the eighth wonder of the world”, there’s no evidence of Albert Einstein saying it but no one can deny this.
@@guanycjohn8768 i consistantly invest in klse for 20yrs in TM and digi to collect dividen and capital gain... but when chg government to PH in 2018, i lost everything no thanks to Gobind...
@@hansontan6025 diversify la bro, why put all basket in TM and Digi
@@nehcanyc888 TM and Digi give consistent dividend ... TM also monopoly ... Nasibi can only say nasib lah ...