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"Having a home is a basic human need. Yet, when it comes to property education, not many of us have the basic knowledge."
I began my journey in real estate as a property writer in 2008. However, my real lesson on the importance of home ownership started much earlier when I was 21-years-old.
When I was growing up in Singapore, I did not have anyone to teach me about property investment. During my time as a property writer, I was also in desperate need of a roof over my head yet unsure whether I could afford it. This prompted me to find out more about property investment. It also spurred me to give talks and inform the public so that they do not have to face the difficulties I had gone through.
In my early twenties, while still serving my national service, I was living temporarily in camp. This went on for a month or so. Then, I started looking for a room on the Internet. Some of the landlords had no regards for hygiene. Nor were they polite, with their “take-it-or-leave-it” attitude. My national service pay back then was around S$300. To supplement my income, I gave tuition. It was a hand-to-mouth existence, so to speak. After many trials and tribulations (plus some divine intervention), I eventually managed to get my own place.
Now, some of you might be blessed with parents who will provide for you and take care of your well-being. This might lull you into a false sense of security with regards to buying your own property. I urge you to, because your circumstances can change. Family disputes, inheritance issues, marriages, deaths and so on can alter your life completely, for good or for worse. Therefore, my advice is to always be prepared so that you are not left “stranded”, so to speak.
Having a home is a basic human need. Yet, when it comes to property education, not many of us have the basic knowledge. We are living in a time when, whether you like it or not, property prices are going to keep rising. It is no longer our forefather’s era when you can buy a property on the cheap. Some are blessed enough to have their parents’ help in buying their first property. However, the majority do not have this luxury, leaving them at the mercy of inflation.
Some of the Gen Ys I have spoken to seemed despondent about their future. With the current economy, this might be the perfect time to buy a property to hedge against inflation. However, you must tread carefully and apply strategies to make the most of the property market.
I'm here to help. #AskKhalil
When I was growing up in Singapore, I did not have anyone to teach me about property investment. During my time as a property writer, I was also in desperate need of a roof over my head yet unsure whether I could afford it. This prompted me to find out more about property investment. It also spurred me to give talks and inform the public so that they do not have to face the difficulties I had gone through.
In my early twenties, while still serving my national service, I was living temporarily in camp. This went on for a month or so. Then, I started looking for a room on the Internet. Some of the landlords had no regards for hygiene. Nor were they polite, with their “take-it-or-leave-it” attitude. My national service pay back then was around S$300. To supplement my income, I gave tuition. It was a hand-to-mouth existence, so to speak. After many trials and tribulations (plus some divine intervention), I eventually managed to get my own place.
Now, some of you might be blessed with parents who will provide for you and take care of your well-being. This might lull you into a false sense of security with regards to buying your own property. I urge you to, because your circumstances can change. Family disputes, inheritance issues, marriages, deaths and so on can alter your life completely, for good or for worse. Therefore, my advice is to always be prepared so that you are not left “stranded”, so to speak.
Having a home is a basic human need. Yet, when it comes to property education, not many of us have the basic knowledge. We are living in a time when, whether you like it or not, property prices are going to keep rising. It is no longer our forefather’s era when you can buy a property on the cheap. Some are blessed enough to have their parents’ help in buying their first property. However, the majority do not have this luxury, leaving them at the mercy of inflation.
Some of the Gen Ys I have spoken to seemed despondent about their future. With the current economy, this might be the perfect time to buy a property to hedge against inflation. However, you must tread carefully and apply strategies to make the most of the property market.
I'm here to help. #AskKhalil
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