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 optimum salary to start house installment

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Babizz
post Mar 1 2022, 09:06 AM

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QUOTE(Lee Wei Sheng @ Feb 28 2022, 08:05 AM)
question a bit vague...but what do you guys think is the minimum/optimum stable salary to be earning in a month before u can consider to buy a house via installment.

lets say the house is at 400-500k range
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Assuming a condo with 35 years installment when interest back to normal

Instalment 1830
Maintenance/utilities 400

Total 2200

Net salary must be 3 times more. So 6600 nett or 8000 gross.

Babizz
post Mar 1 2022, 06:45 PM

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QUOTE(LoTek @ Mar 1 2022, 04:26 AM)
just want to point out that while malaysian property generally remains out of reach for the low-mid class, rental rates are dirt cheap. makes far more sense to rent nowadays. go buy overseas if really want some brick and mortar in the portfolio...
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So true. You can rent nicer condos at lower middle level rental.

 

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