Nov 11 2020, 10:07 PM
QUOTE(clockpulses @ Nov 10 2020, 05:10 PM)
It'd been few years already, iam a very fickle minded whenever to decide buying a house. I WANT to buy a house because i want it, not saja saja, but Everytime i seriously thought about buying a property (own stay), i put hours hours hours of research and consideration. So many what ifs in my mind, to the point i gave up tbe idea of buying a house and going debt free route and save as much and enjoy life as much as i can.
The What Ifs
1. I lost my job?
2. My salary got cut?
3. More pandemic coming?
4. if i buy a house can i still afford to do thing i used to do?
5. What if i change job or company relocate me somewhere more farther?
6. What If there's a sudden big increment of non bank commitment, like kids, etc etc
7. Age is middle 30, what If i hold a little longer, save money and buy house at 45 year old, then only eligible for 25 years loan. Donno can afford or not
8. Unexpected repair bill?
9. Will iable to save more for retirement?
Above questions are not for you.
At the moment I'm enjoying my life, car loan will finish soon, sometimes i felt too comfortable and boring. Can own a house make life less dull?
Seen and heard many cases that many people were getting fired this year i suddenly become coward to commit. Even a high income like pilots can be layed off.
Should i enjoy my debt free life?
Do you have the fear of buying a house?
Life is full of risk. Whether you are aware or not, you are taking risk with your every decision. The What Ifs
1. I lost my job?
2. My salary got cut?
3. More pandemic coming?
4. if i buy a house can i still afford to do thing i used to do?
5. What if i change job or company relocate me somewhere more farther?
6. What If there's a sudden big increment of non bank commitment, like kids, etc etc
7. Age is middle 30, what If i hold a little longer, save money and buy house at 45 year old, then only eligible for 25 years loan. Donno can afford or not
8. Unexpected repair bill?
9. Will iable to save more for retirement?
Above questions are not for you.
At the moment I'm enjoying my life, car loan will finish soon, sometimes i felt too comfortable and boring. Can own a house make life less dull?
Seen and heard many cases that many people were getting fired this year i suddenly become coward to commit. Even a high income like pilots can be layed off.
Should i enjoy my debt free life?
Do you have the fear of buying a house?
In your case, you can either
1) Avoid the risk - just rent house forever
2) Mitigate the risk - have bigger cash reserve and multiple income stream
3) Transfer the risk - purchase the property jointly with someone else e.g., your spouse
4) Accept the risk - don't give a fuck and just buy, accepting risk as part of life.
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