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 6.2k nett salary for 700k property, opinion?

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baoz
post Feb 12 2022, 05:31 PM

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Realistically, I will tell you no.

I had a nett pay of RM6k and i signed for a 500k plus house. Still cannot breathe. Monthly repayment was supposed to be 2.4k/month (reduced to 2.1k now due to lower interest rates). In hindsight I should have asked myself if i would pay this much of rent - to use as a benchmark.

 

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