No Time for Market Myths: Property
“Property prices never go down”
While it’s true that they don’t make land anymore, there’s certainly plenty of land to build more houses. Combine this with the fact that most of the price run-ups are due to leveraged speculation (most evident when you see rental yields dropping), and you get spectacles like Florida and Bukit Beruntung.
Having a Lynas plant as your next door neighbor probably isn’t going to help matters, either.
Only buy houses you can afford. Cars and housing for yourself should never go over half your income, and it should be a third if you can push it down that low.
However, if you’re investing in property then you should’ve done your homework to make sure that the income generated (and the certainty that there will be rent) should subsidise the mortgage from that property.
I’ve never understood how Thai girls can be so darn pretty. I mean, just look at Aum Patcharapa Chaichua. Sure, you can just about pronounce her name if you try real hard and read real slow but look at her.
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