Property or Car? Why Fresh Grads Shouldn’t Buy a Property First

Why People Tell You to Buy a Property First

  1. The older generation
  2. Someone trying to sell your a property
  3. Property seminar guru trying to sell you their course.

Why Telling Fresh Grads to Buy Property is Silly

  • Their first job pays them above average.
  • They can live rent-free with their parents while saving money for the downpayment.
  • Their family is well off & they don’t have to support them.
  • They probably live & work close to a train station.
  • Or their parents help pay for a car for them.

Expensive Property Prices & No Credit Score

  1. You can’t save enough for the 10% downpayment + lawyer fees
  2. The banks will reject you because you don’t have any credit records.

Being a Property Owner Sucks in Real Life

Property Prices Don’t Always Go Up

What Should Fresh Grads Focus On?

When Should you Buy a Property then?

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Hi, I’m Helmi Hasan. I create relatable content around personal finance & earning online.

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Helmi

Helmi

Hi, I’m Helmi Hasan. I create relatable content around personal finance & earning online.