I'm currently at about RM4k disposable income a month, what price range should I be looking for? And does this scale linearly? i.e. if I have 8k does the affordability also double?
Thanks all
Formula to calculate property affordability?, For own stay, not investment
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Jan 30 2020, 12:07 AM, updated 6y ago
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Senior Member
1,126 posts Joined: Feb 2011 From: Penang |
Potential first time home buyer here. I'm wondering what most people here would say is a reasonable formula to calculate what property price range one can afford based on monthly disposable income (after taxes, insurance and other commitments).
I'm currently at about RM4k disposable income a month, what price range should I be looking for? And does this scale linearly? i.e. if I have 8k does the affordability also double? Thanks all |
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Jan 30 2020, 01:47 AM
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85 posts Joined: Jul 2019 |
QUOTE(KingArthurVI @ Jan 30 2020, 12:07 AM) Potential first time home buyer here. I'm wondering what most people here would say is a reasonable formula to calculate what property price range one can afford based on monthly disposable income (after taxes, insurance and other commitments). Home loan around RM 500k I'm currently at about RM4k disposable income a month, what price range should I be looking for? And does this scale linearly? i.e. if I have 8k does the affordability also double? Thanks all Monthly Installment RM 2,800 consider u hv no other commitment like you walking to office, no buy insurance, no credit card debt and personal loan and ptptn if you wan comfort zone look for 300 to 400k if u wan tight can go for 500k property |
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