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 Fear of buying house

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SUSNew Klang
post Nov 10 2020, 10:55 PM

Look at all my stars!!
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Senior Member
4,998 posts

Joined: Dec 2010
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?

1-5 are dependent on your marketable skills. If you are a sought after professional or top sales person, you sgoyld not worry.

6. Kids are gift from God, the extra commitment is worth it.

7. Buy when opportunity comes, when it is at a good price and location

8. How big is the repair? Buy home insurance.

9. Sell your house if you need to liquidate for retirement.

Fix your 1-5 first, the rest will be easier.
SUSNew Klang
post Nov 11 2020, 11:11 AM

Look at all my stars!!
*******
Senior Member
4,998 posts

Joined: Dec 2010
It is mostly about price, location and affordibility. Solve these 3 first.

Dont chase for it like FOMO



 

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