Jul 3 2012, 05:50 PM
QUOTE(Citydude @ Jun 6 2012, 02:57 AM)
That's crazy! Well, Maybe, its time, i drop the idea of buying. And rent and still enjoy the facilities. RM1600 (monthly rental) x 12= RM19,200
and if 5 years = 96,000
and 10years = 192,000
well, if i buy a RM500k condo, when bank loan over, i almost paid RM1mil.
Well, if i only rent, it means 808K in saved money, and i can use that money to upgrade my life with travels, buy health facilities, eat better, and don't have to Save so hard to pay house loan only and forgo all the best other things in life. By late 60s, if i have not travel to USA, UK, Switzerland, Japan, the the islands of the world, can i say i am a successful person in life? just because i own a condo only?
Assume, your landlord rent u 1600, and raise RM50 every 3 years.
For 30 years, you are paid the landlord at RM657,000 in total.
Raise RM50 every 3 years > total 30 year rental => RM657,000
Raise RM50 every 2 years > total 30 year rental => RM702,000
Raise RM50 every 1 years > total 30 year rental => RM837,000
U paid RM837,000 for rental and got nothing on hand. (assuming owner raise RM50/yrs)
I buy RM500k house, paid RM905,760 in total 30yrs (assuming interest 4.4%p.a.) got 1 property.
think wisely!
Quote
0.0156sec
0.83
7 queries
GZIP Disabled