To a wage earner who is in his/her prime, and facing a budget spending, consider the following:
Stay in BSC:
- longer travelling time ie. 20 to 30 min daily to and fro into town.
- much smaller monthly instalment. This allows you to see a higher saving margin. No financial worries.
- A brand new home, freehold. More pleasing to the eyes and less maintenance in general.
Staying in say PJ:
- faster travel time at non-peak hours. Less petrol.
- jam at peak hours may end up taking an hour to anywhere.
- heavy monthly house instalment is a real burden. It will certainly offset the joy you save on travel time. Worse if they raise BLR!
- putting up with an old 2nd. hand house that requires frequent repairs. Nowadays, plumbers demand hefty fees.
- you feel poor with the house condition and little savings after paying the instalment. Imagine this going on for years in your best prime years.
Conclusion:
I would choose to feel richer and put up with a slightly higher petrol bill by buying in BSC. Enjoy my long travel time in a more upmarket car rather than come home early to worry about finances!
well said...supreme. But then again if you have children studying, you may have a different opinion i guess. Likewise I have my children's education to think about having to consider enrolling him in a good school or similar one in PJ which he is currently studying of which I have yet to scout around areas in BSC. Any recommendations? Otherwise I would have agreed with you.