Do Malaysians Prefer To Buy Or Rent A House?

I always get asked by most of you whether should you buy or rent a house. So, I thought why not this time round, I go to the streets and ask Malaysians themselves if they would prefer to buy or rent a house and why so. Let’s see what they have to say.

0:00 Introduction
0:37 1. Would you rather buy or rent?
1:24 2. Do you think properties are affordable in KL?
2:05 Join our webinar!
2:44 3. Would your first house be for investment or own stay?
3:18 4. Do you prefer landed or high-rise property?
4:03 Conclusion

What to Watch Next:

#mrmoneytv #property #malaysia

-----

HERE ARE OUR REFERRAL PROMOTIONS JUST FOR YOU!
--
【STOCK MARKET】

Invest in US STOCKS 📈 🇺🇸
Check out Interactive Brokers to learn more!

Invest in Bursa Malaysia Stocks 📈
// FREE 7 Days Trial with RM1 per day subsequently

Looking for a news and analysis portal for investors?
Check out Seeking Alpha to get 'em!
New sign-ups will get a 1-year subscription for $99 instead of $239.

--

【CRYPTOCURRENCY】

FREE RM25 when you sign up and use our code!
Code: mmtv1

--

【ETF】
// 50% Discount Fees

--

【UNIT TRUST】
Invest in Unit Trust Malaysia
// Low Fees

--
【OTHERS】

Invest in an ergonomic chair and table for yourself!
// Use my promo code "ENMONEY10" to get a 10% discount!

Invest in YOURSELF 📚
// FREE 1-month trial for first 1000 sign-ups

--

Come say Hi to us at,

🤳 TikTok: @mrmoneytvchannel

For business & job enquiries, do contact us at,

Disclaimer:
This is not an investment advice. All content produced is solely for education and entertainment purposes only. Please consult your financial advisor before making any investment decision.

[MrMoneyTV]

Join our webinar this 10th or 11th June 2022【From Crash to Cash | Why now is the best time to invest.】Learn how to invest in 2 hours 👉 bit.ly/FCTCW2022

[davidtakius]

For first time buyer or owners, please do re-calculate your finances which able to pay all the following items before making the 'BIG' decision, and it's not just about servicing your bank loan (mortgage/ monthly installment):
1. Electricity Bill - Every month (depending on your usage)
2. Water Bill - Every month (depending on your usage)
3. Internet Bill - Once a month (depending on your plan)
4. Maintenance Fee / Sinking Fund - Once a month (with JMB)
5. Cukai Petak - Annually (For Strata Title Properties: Includes apartment, condo, townhouses )
5. Cukai Tanah - Annually (For Landed) *Abolished in Sarawak only since 2016*
6. Cukai Pintu / Cukai Taksiran - Bi-Annually (All property owners)
7. Indah Water Bill - Bi-Annually; every 6-Months
8. Fire Insurance - Annually (Depending on your house loan provider / Purchase by MC paid through management fees) *a bit complicated to explain here*
Please sum up all your personal expenses as well and you'll know your month end balance and can start to cry =')

[rayyoung]

The concept of using rental gain to pay your property installment is very risky now, many units are empty and even rented out may still can't pay enough of your installment, secondly those thinking of buying property to invest now is no longer a good idea as many more houses on sales, high price high interest but low return. Dun committed to buy property if you are not really really need it for staying, rent a unit sometimes is much more convenient and less tension

[eddielee]

Rent first. Young adult tend to explore different city to settle down. It's part of human nature. Migration is in the blood. Be it career or looking for a new life partner. Best wishes.

[RayMak]

I'm just dropping by to read comments and eat grass....

[blueflame]

Stop making property as a investment!! One whole generation got screwed already by this .. houses should not be an investment but a place to live.. look at our grandparents able to afford houses with ease with just one income and the boomers start speculating and now their own kids with 5 figure income also so hard to buy a decent landed property in outer part of kl.. Best part when house price goes up it does not create job opportunity or directly contribute to the GDP it just makes the future generations more difficult to afford houses ... There is so many things people can invest and speculate but please do not uses houses or any other living stuff like food .. we need to think about the future and sustainable investment that grows and benefit the community. Please do not treat a house as commodity but a place of shelter for people, than only houses will be more affordable and reachable for everyone especially for your future kids unless you are multi millionaire than you can continue to be selfish and destroy or speculate other people future and your kids can flourish with your wealth...

[rojakmanglish]

Rent before but somehow I dont have the sense of freedom to do what I want because the house is not mine. Also got a sense that i might ask to vacant the area if the owner suddenly decide to sell it. Occured to a person when we finally bought a subsale house which has someone still renting and he suddenly need to nego with us to stay longer while he finds a new place to relocate.

[hailyrizzo]

The fact that he brought up the point you can use the rent to pay for the installment shows it's smarter to buy than to rent. If you are renting then you might be paying for your landlord's bank instalments and helping him become the owner of the property you are staying in. Then you should ask yourself why couldn't you be the owner/landlord of the property in the first place and 'rent out to yourself' and help yourself pay off your own bank instalments. At the end of the day, it is all about the math. Is the property market in Malaysia an appreciating or depreciating asset, what is the difference between the rent and the bank instalments for the similar property, etc.

[vineshrajoo]

Thanks for another great street/ people level video boss. Rent first, accumulate cash, scout for good property, buy and then rent out.

[kelvinchang]

If I could turn back my early days, I'll be the young man strategy to buy a unit and rent out rooms as beginner entry into property... the tenants lessen loan burdens and easily monitor asset.

[burnoutminion]

The government needs to step in to discourage those who "invest" in property to make money to make sure those who genuinely buy a house to live in it do not struggle to own their first house, housing should be a human right not a financial commodity for rich wealthy people to make more money.

[whompahwwwz]

questions to ask for next video: what is your job, how much in total do you earn per year, how much do you save, how much do you spend

[nazrojean]

woah..tat guy who said "hopeless"-he's gonna do sooo well, tat in the future he's gonna be amused of his present condition n state of mind...oh yeah, nxt Q to ask public(asking public concept is interestingly spontaneous n unscripted)...1) will they invest in stock market, or r they familiar with it?, 2) would they buy properties outside of Msia if can afford?, 3) how about migrating to another country?4)do they wanna buy own car or rather use Grab or public transport?, maybe financial literacy surveys too...

[mohdhafiz]

If you don't married yet, don't even think about to own a property, because sometimes someone from the relationship needs to sacrifice so that both of them can get together as a family, if your financial is not that strong

[juesanjay]

Investment purpose? 😜 no Way . I rather rent 1 save my money 🤑 because life is unpredictable so I will not burden myself buying house. I will rather save first then buy. In that I got less problem .. I can move everywhere I like roaming here and there enjoy My blessings... Then can decide where to settle for golden ages 😜😜.. enjoy the life to the fullest extent. Children's will go on with their job and life, your spouse and you only going to live together at the end of the day. So don't burden myself yourself or anyone ☺️☺️😉. Enjoy 🤗🤗🤗

[nadinefred]

If you afford it better you buy house now. The interest is going up due to the recovery of economy and expected to increase more. Plus, the limit of land which increased the price of house too in future.

[justrk]

It depends..to me at the moment I'm renting since I have no children's from past marriage..some asked why don't I buy a house..my answer is why I want to used all my epf to buy cash (since I'm on my way to withdraw all soon) and end up I have no cash and need to again work my a** up to survive living..and with no children's if I die my house going to be handed over to my siblings which I don't really prefer..so with a large amount of money I still can stay in a 300k over property with rental just 700 ringgit.. with large amount of money I can put it in unit trust and a few in stocks and taste a handsome dividends every year..with that dividends I can continue paying rental and somehow I can afford travelling my bucket list..even Elon Musk at one time didn't owned a house..haha..

[sentiasatransformasi]

live this concept of you going around talking to actual people n see how they think instead of only putting up numbers n charts

[newjourney]

You can get a KL City Centre property from RM1400 per month with Zero Downpayment*. Doorstep to LRT. Expected R.O.I 5-6%.

[mohammadhafizidahlan]

great info and video…perhaps in next video you may ask public about stocks market in bursa?why they dont get involve and why they scared of stock market..