If u know how to calculate there is almost no advantage

If loan 40 years, monthly repayment RM1162.17,
(let said bank rate fix.. 3.5 percent for 40 years.. Which is unsure yet,

If loan 35 years, monthly repayment RM1373.68, 4.25 % currently cimb let said

If u minus this both.....

Net difference RM 211.00

Any this all exclude maintaince cost, cukai taksiran (if they rent perhaps they no need to prepare extra costing for this both) lower risk to bankruptcy

Exclude renovation, electricity bill, water bill n other hidden cost

RM 211 / RM 6.00 per meals can save 35 meals....The whole advantage is 11 days meals (3 meals) for B40 grp

Perhaps...

Anyway... Rm 200 ++👀 in KL living... Emmm

This post has been edited by dave1987: Aug 24 2019, 08:41 PM

Oni extra rm 200 pocket money, already can help to sell off ur condo 🤣

This post has been edited by dave1987: Aug 25 2019, 10:00 AM

Extra 200
If need to pay cukai takisran every half year, indah water n so soon will be a cost like rm 20 per month

nett is RM 180.00 per month

Agrh hidden cost

Depend on income I guess

maintaince cost is more than 211 for sure.. Basically still no difference

I mean u see.. If you rent house.... U no need to pay maintenance of rm211

Becoz of u owing the house... Yes.. You got a cheaper rate.. Rm 211...

But the maintenance cost is a must costing to pay...
For the owner of the house..

It actually killing n risky for those in bottom line of salary n miscalculated this portion

Owning = maintainance cost
Renting = no maintainance cost

Perhaps u can do aso the math for maintenance cost also, if u owing a house...

Maintaince cost x 12 month x 40 years

.. Maintainance cost increase every 2 to 3 years..

Lol.. If don't show the calculations n hidden costs involved, scare people don't get the meaning, posting become no value..

https://www.iproperty.com.my/guides/critica...n-overlook-ctr/

Maybe this one will be more details with self explanatory



Let’s assume you bought a really good condominium, something where the mortgage is lower than the rent. Your monthly mortgage payment is RM2,500 but your rental income is RM3,200. That’s a profit of RM700. Surely this is great right? Not likely because you’ve forgotten about other costs. Here are just some of the other costs you may have overlooked:

1. Taxes (assessment and quick rent)
2. Joint Management Body fees (for strata property)
3. Annual improvements & maintenance (repainting, replacing furniture, repairs, etc)
4. Memorandum of Transfer (MOT) on stamp duty (for new purchases)
5. Mortgage Insurance

If these costs work out to an additional RM700 per month, your net income is zero, which is still good. However, if they exceed RM700, then you’re negatively geared..

Copywright to writer

This post has been edited by dave1987: Oct 26 2019, 12:55 PM