I would rather have $5 million in my bank account and renting a house, than having a $5 mil house but $10k in my bank account

when you can afford at least 40% of the property price

why 40%?

5% of SPA legal fees
10% downpayment
10-20% renovation and furnishing

5%-15%- 12-24 months repayment contingency sum

so it's not the matter of age, is the matter when can you afford the amount

do you know the price of renovating kitchen and bath this these days?

if proper channel through REN agent + SPA legal + runner fee, already 4% bro. valuation fee not free if not new unit?

usually fully furnished "rented" space is quite low end furnishing.

you can check makeover guys. they speciallize in furnishing for rental.

what i said is correct lah

assume both 15k.
10k for bedding, furnishing, storage, electrical appliances like fridge, cooker, washing machine, water heater ++?

it's already 10% of the apartment/flat cost

TS is staying with parents, you expect him to take their parents stuff and place it at his new house?

ts dunno furnished for rental grade...different from furnish for own stay grade

RM500 mainly for me monthly use.
household grocery all is handle by my wife.
my wife allocate around RM2.5k for food, schooling, tuition, house hold grocery and utility.

Monthly (family RM3k , excluding housing loan and other investment like PRS, i PTPTN, Insurance Saving)

phone bill and internet RM300 for 5 people
electrical - RM250
schooling - RM300
Grocery - RM300
petrol - RM400 (my wife and me)
Food - 950~1k for food
my parent are retired and they do hv saving to support.
in fact, what I doing now is the way how our several old generation teach us and did in the past.
my great and grand parent before pass away, they own several asset and investment more than enough to cover their daily expenses.

The same happen to my parent who own several asset and investment more than enough to cover daily expenses..
once the old generation pass away, the asset usually inherit down to next gen.

being the eldest among great , grand and son generation, i do inherit asset and investment from my several old generation.
however, that all is keep and unused until now. i only use the assets as my loan guarantor.
instead depend on the inheritance, i do add in another 3 more now at my generation.
so when i retiring, i dont hv to depend on my kid. hopefully in future, all my kid will continue the way we earn, live and pass down