150 increase is for mil loan le. If you expect 1500 increase u need to hav outstanding loan of 10mil. If u wan to talk on chain effect, petrol price and electric have bigger effect and more likely to happen.

Dun know. Need to ask BBW.
In fact, should buy during cool market n let go during market hot. Maybe BBW got diff strategy n opinion.

bearbear won't buy property liao

Because there will always be bad news at any point of your life. If every bad news makes you re-think of your plan, then you will never buy property in this life

Interest rate used to be ~10%. If you can't afford installment with +3% interest rate as contingency, then you cannot afford that property. Like the DDD like to say - you don't have holding power

buy after rate increase la can BLR - 2.7 .. untung. those already high commitment, abit squezed

u might be over stretch urself when the impact of 0.25% increase is so significant to u. The 1st time i buy house in 2011 upon geting my key that time the banker inform me that Blr has go up from 6.3% to 6.6%, its real impact was just slightly reduce my monthly saving, and my wife don't even realize there is increase of interest rate because the additional amount was shared by 2 person.

ya lor.. no need worry.. too small an amount and negligable..

May I ask something off topic:
To buy a house worth rm800k, how much the basic salary one must have?

I refer to RHB website's housing loan affordability calculator but not sure if it is too stringent or not.

Please advice.

Since beginning signed the loan agreement with the fluctuation interest rate already know the interest rate is going to increase in future. Increase by 0.25% is just minimum from the expected result.

I think rm5k nett (already minus all commitment, epf, tax)

800k, 35 years max stretch, 10% dp, assuming bank valuation get 90%, loan amount 720k

around 3k, the best rates is RHB bank for that value.. means

70% DSR assuming no commitments, 5000 nett salary gross should be around 5.7k.. but ngam ngam qualify you will live with remaining 2 k for the whole month..

em..............they always targeted Malaysian as a victim for them! But they all steal the money under the shining hot sun!!! Just wonder when is going to burst. Really bad for year 2015 by strong GST wave + interest rate up..........................

It's nothing , just charge to tenant anyway. Not happy then choose other house to stay , lol

Agree. My cigarette money per month is like BLR-1. No big deal. People ask this question cos now they leg start shaking maa.

@hey_there Actually there's nothing wrong renting for the rest of lfe. You can't bring house to your coffin also.

This post has been edited by gogo2: Jul 9 2014, 08:03 AM

Too much assumption liao.

Bro bear hav u decided to try out the practical work instead???

If they defer the rate hike, I don't think it's because of Ramadan reason


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thestar reported it may likley be tomorrow:

http://www.thestar.com.my/Business/Busines...mal-impact.aspx

Just wait. No need gugu har.

U r in the middle of getting a loan too right? Then y r u buying? Yea, I can't bring house to coffin but my next of keen can live after that..

This post has been edited by hey_there: Jul 9 2014, 01:39 PM

Could there be castrophic in prop market like brazil -germany 7-1?