Posted by Tobby > 2022-09-09 15:08 | Report Abuse

This trend of buying double even triple storey landed house has become a malaysian thingy! Owning a double storey landed is considered as form of success! Heck, i have many but i don't consider it as a success rather investment!
However, of late, i do notice that going up and down the stairs has become a burden! No, my legs are perfectly fine! I still can outrun dogs chasing me if situation warrant that!

Posted by Tobby > 2022-09-09 15:09 | Report Abuse

Which prompt me to think of the future! What if one day me and wifey can't afford to go up the stair anymore! Both of us already above 60! So probably if we live pass 70, do both of us still able to go up the flight of stairs! I doubt it!

Posted by Tobby > 2022-09-09 15:10 | Report Abuse

And i notice many older folks walking with stick or those thing with wheels that you push around like a cart! Scary!

Posted by Tobby > 2022-09-09 15:11 | Report Abuse

Because of that, i have decided to convert one of our room on the ground floor into our master bedroom! Just in case, one fine day, both of us will not be able to go to the 2nd floor anymore!

Posted by Tobby > 2022-09-09 15:13 | Report Abuse

The idea is, to slowly use the upper floor as our storage area! We also plan to install those chair thingy that can go up and down the stair!

Posted by Tobby > 2022-09-09 15:14 | Report Abuse

Yeah, that the reality of growing old you know!

Posted by Tobby > 2022-09-09 15:16 | Report Abuse

My advise to future home buyers, buy double storey house but make sure to make you have space to convert portion on the ground floor into master bedroom!
Because by the age of 70 and above, you will not be able to climb those steps up to the next floor!

Posted by TreeTopView > 2022-09-09 15:17 | Report Abuse

Hopefully you have your own teeth so that you don't have to eat congee for every meal.
Are you onto viagra yet?
Do you keep your glass eye in a cup by the bed at night?

Posted by Tobby > 2022-09-09 19:44 | Report Abuse

Tree! Yeah, you can joke about it but as you grow older, you eyes will lose it's clarity! Please prepare 8k for cataract surgery! Did mine at Optimax! Only took 15 minutes but boy, it's expensive!

Posted by Tobby > 2022-09-09 19:45 | Report Abuse

Teeth! Don't mention about it! Already sink like 10k doing this and that! And mine you, it's consider minor repair!

Posted by Tobby > 2022-09-09 19:47 | Report Abuse

Oh yeah, wifey already on tons of medication! Fortunately i am a bit active, always walk to shops almost daily, still not on medication! That too already cost her like 1k a month!

Posted by anthonytkh > 2022-09-09 19:53 | Report Abuse

Buy a small single storey bungalow with a decent sized garden. It doesn’t even need to be in your preferred location. The kids won’t mind driving far to visit you

Posted by Tobby > 2022-09-09 20:20 | Report Abuse

Anthony! Yeah, I only beginning to notice those huge triple storey bungalows are complete waste! I mean, would you climb all the way to 3rd storey everyday! Sure, if you are young and strong, no problem! But once you hit above 70, those stairs are really pain! And end up nobody living there as even their children hardly come and visit!
Better live in single storey with beautiful garden!

Posted by anthonytkh > 2022-09-09 20:29 | Report Abuse

Those huge mansions are for showing off. The land it sits on is the most important thing. Every single property investor I know (including PLCs) agree

Look at the building JAG bought very recently. I had called them and they said the same thing : Land. The buildings on the land are basically worthless

Btw, since I mentioned JAG : They’re getting 11% yield with TM as the tenant. That’s stupendous return in this day and age of property investment

Posted by Tobby > 2022-09-09 20:33 | Report Abuse

Yeah! You can't build land! It's limited! Anyway, what is most important is the space that you need! You need kitchen, living room, bedroom and of course bathroom!
If you ask the europeans, they will be shocked that we have master bedroom with attached bathroom! It's non existent to them! In fact in the olden days, usually a house consist of like 2 or 3 bedroom with one bathroom!
Today however, you can even find triple storey bungalows with 3 master bedroom with attached bathroom! It's totally wasteful!

Posted by Tobby > 2022-09-09 20:37 | Report Abuse

I see more and more housing are build to showoff that to actually provide full function! I have seen so many high end condos with zero sense functions, all for sake of showoff to friends and family how great and expensive their new toy is! Pointless!

Posted by i3lurker > 2022-09-09 20:51 | Report Abuse

most if not ALL of these 3 storey bungalows has internal lif/s.
some of these lifs are made from transparent glass. [my friend just bought ... costs only around RM100K installed]

Coupled with a glass Grand Piano, the interior deco is very nice.

Posted by Tobby > 2022-09-10 00:16 | Report Abuse

Lurker! The newer ones yes! But those built 7 years back, they didn't plan for private lift! Bare in mind, this type of lift requires maintenance every 3 months! It's not maintenance free you know! Another big fat home expenditure!

Posted by Tobby > 2022-09-10 14:31 | Report Abuse

Decades ago, developers only go for single storey! Then in 80s we saw this double storey thingy became a trend! Then 2000 onward, triple storey was the rage! However, as we get older and pass 70, those double or triple storey will become a huge burden! Installing private lift is one big expenditure! You looking at 20k to 100k for those simpler ones! So yeah, nothing like good size single storey will ample space at the back for gardening!

Posted by anthonytkh > 2022-09-10 15:17 | Report Abuse

Developers want to make as much money as possible. Escalation of land cost have made them construct bigger properties. “Build them bigger and they will buy”

It’s like shops. From single storey to double storey to multiple stories now

This is where the local district offices have a huge part to play. They must be wary of granting high plot ratios for any land. Plot ratios are super important to developers

Many many years ago, I had approached PPB and they told me they have a piece of land for sale along Jalan Perak near KLCC. I had emailed TS Leong Hoy Kum (he was “only” a Dato back then, he personally replied emails… now he has at least two secretaries) and he replied with a “Give me all the info you have, Anthony”. He didn’t buy bcoz the plot ratio wasn’t high enough to justify PPB’s asking price

Mah Sing is a prime example of building as much as they are allowed. Look at the former badminton stadium along Jalan Cheras; JV with DBKL, big plot ratio. The skyline and horizon has been completely blocked out by all those thousands of apartments, sigh…

Posted by Tobby > 2022-09-10 15:46 | Report Abuse

Anthony! Yeah, you seems to have good knowledge of property! True, developers want to make biggest margin ever!
Actually shoplots are the fattest margin! And using less brick and mortar also part of cutting corners to get as much margin as possible!
That's why i hate those with huge windows because i know, the only reason developers are doing so is because, brick and mortar are expensive! For buyers, they going to spend alot buying curtains! Or get them tinted! Or else it's going to be oven inside such property!
That's why when i buy old property, i make sure to change the spec to smaller windows! To me 6 feet by 4 feet is the best window configuration! And each room only has one side with windows and other 3 walls are fully bricked! This is to ensure when you switch on your air cond, the tempeture remain cooler for longer!

Posted by DickyMe3 > 2022-09-10 15:51 | Report Abuse

As you grow older, materialism does not mean anything. A piece of walking stick and a cloth to wrap around the body is enough. Food consumption too, becomes little and will be evident through symptoms which rejects it. Many things will become insignificant including family and relationship and what more about wealth. As the time ticks away, your mind prepares you for the exit and embrace the new world, if it exist.

Posted by Tobby > 2022-09-10 15:57 | Report Abuse

Dickyme! Yeah, true! When you are young and energetic, and arrogant, we would think that we will remain such forever!
But once pass the age of 60, the energy level drastically drop! I can imagine by 70, i may have to walk with a stick, so do the rest of us! Yeah, i kinda scared because i seen majority old folks can barely walk! They only sit all day long, walk to bathroom to once in the while! You think they are watching tv all day long but to some, they can't even see, you know, those thick cataract blocking their eyes! And you need to shout to tell them something because their ear drum are failing!
This is something most of us don't even dare to talk about!

Posted by Tobby > 2022-09-10 16:01 | Report Abuse

For the younger generation especially the Gen Z, their aging rate are even faster! Just look at them! So obese to begin with! I mean, living with extra person on your body is a total burden! Most are overweight by 30kg thanks to US fast food culture that are flooding our lives!
If you are obese, eventually all the health issues will bring you down very fast! Some are fortunate! They simply die standing due to heart attack! But most will suffer tons of health issues,a self inflicted food indulgence!

Posted by anthonytkh > 2022-09-10 17:41 | Report Abuse

If you have kids, love the hell outta them ;) :)

Posted by DickyMe3 > 2022-09-10 17:49 | Report Abuse

" Posted by anthonytkh > 5 minutes ago | Report Abuse

If you have kids, love the hell outta them ;) :)"
=========================

Most parents do that unconditionally.
Kids fail to realise that because while growing up their attention are outwardly focused.

Posted by anthonytkh > 2022-09-10 18:53 | Report Abuse

Not my (only)kid, Dicky :)

23 and still my baby. I make sure he knows :) He knows he’ll forever be my baby

Posted by Tobby > 2022-09-10 23:09 | Report Abuse

I have only one kid! He can't wait to get our from the house! Want to be independent! But hey, not complaining! Maybe he hates it everytime i joke about him looking like Kim Jong Un! He is near 30, married with a newborn daughter!
Now living with wifey only!
This is another reality that most dare not talk about! Even if you have a dozen children, chances are, by the time they are adult and working, they won't have time for you! So end up, even if you have a huge mansion, eventually it will turn into empty nest! Don't be surprise many old folks die alone and nobody knew about it!
In Europe, they have service where health workers will come and visit every week and they provide emergency device in case of emergency!

Posted by StartOfTheBull > 2022-09-10 23:21 | Report Abuse

These days many people married and have only two children or less but own more than one house. So after they passed away and for some reason for example their children migrate to other countries some of their houses are just left abandoned, what a waste.

Posted by Tobby > 2022-09-10 23:30 | Report Abuse

Having children are expensive nowadays! Not easy! Many said that the previous generation can rise a family with small salary but those days, they don't have much expenditure and cost of living were very reasonable!
Nowadays, you can't even operate without smartphone! You have tons of bills to pay! Salary has been stagnant for over 2 decades because you know, Malaysia loves cheap migrants!
Many already emptied their EPF, just to give you the reality of malaysians! They can't even afford to send their children for further studies! Thankfully 70% do not intend to further studies which is a relief!
And yes, those who are well off especially the boomers generation which are the wealthiest generation, saw their children migrant elsewhere!
But for Gen Z, i say they will see things getting worse and worse! Just look at inflation rate that we never saw coming! Owning property is a thing of the past for most Gen Z malaysians!
Why, i better not share! Something that i know best kept a secret! Many just a hint! Capitalism is the biatch of this new era!

Posted by probability > 2022-09-10 23:56 | Report Abuse

very true..