I bought my 1st subsale condo, priced at RM450k, with monthly gross salary of RM3.7K. That was back in 2013.

[quote=McMatt,Mar 1 2022, 11:01 AM]
I think it must have been difficult. Because assuming he paid 50k dp, his 400k loan of 30 years tenure would be about RM1.9k monthly. At 3.7k gross or 3.3k nett, he wouldn't be able to save much, probably living with family, no car loans, no medical insurance, and no allowance for his family.


Well, depends how you define difficulty. I think the loan repayment was RM2.2K then, with monthly maintenance of RM280/month. The first 1 year was quite tough, coz I rented to a family, but didn't get any rental for at least 4 months coz so hard to kick them out. Managed to kick them out and have rented out my condo since. Good paymaster until now, thank goodness.

So in a while now, the rental can cover a bit of my loan repayment, especially during these tough times. My income has increased tremendously so I guess, the difficult times have passed.

I was lucky that I managed to rent it out. Initially was thinking of own stay but ended up renting a small room for my own and rented out my place. I was lucky I didn’t have to support my family first so that was a plus point. But yea, To each of its own. Don’t rush into buying property if you are not ready. But there will always be no best time to do so.