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 Formula to calculate property affordability?, For own stay, not investment

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TSKingArthurVI
post Jan 30 2020, 12:07 AM, updated 6y ago

BWOAHHHH
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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 notworthy.gif

 

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