This is 21st century
Had a chat with friend. Were talking about investment. I complaint that buying a house basically means being put in prison for whole life because you owe to bank for 20-30 years!!! You are going to lose your freedom. Anyway, why should we think of getting a house as an investment? Yes it may have been the best way for the previous generation for investment but it may not seem to be as important as it was now! Nowadays we have plenty of ways to invest our money. For e.g. trust fund. In old time people did not buy trust fund! Well I am talking about people in Malaysia. Nowadays there are plenty of trust funds for us to choose. One advantage of buying trust fund is you are always guaranteed the liquidity! You will not enjoy the same level of liquidity if you are buying a house as you need time to get someone who is willing to offer the price that you are expecting to buy your house. Else it is going to be a burden to you because every month you have to allocate certain percentage of your income to bank!