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 to buy or not to buy a living space, shop apartment studio upstairs unit

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dudester
post Mar 19 2025, 02:12 PM

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41 years old now and forever alone
target to live to 70 = 30 years
assume average rental rm2k for 30 years
30 x 12 x 2000 = 720K
after 70 forever alone, should check in old folks home.

buy 3 rd floor no lift 90k
you probably can climb till 60 and will complain

by then if you will need to have another plan...
dudester
post Mar 19 2025, 03:23 PM

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QUOTE(gashout @ Mar 19 2025, 02:49 PM)
his rental less than rm400.

400x12x30= 144k, but at least no all types of bills to pay

later this rosak that rosak, leaking, fixing....
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400 but he wants to upgrade living condition... round up 2000 constant for next 30 years.
by 2055, rm400 rental maybe rm4000 in 30 years.
dudester
post Mar 19 2025, 03:48 PM

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QUOTE(gashout @ Mar 19 2025, 03:29 PM)
he doesnt mind living in kajang...

cheras also has rm750 per mth rental, 900 sqft, shop apartment... won't need 2k...
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OK YOU SO RIGHT. all you need is 750x12x30.
dudester
post Mar 19 2025, 04:11 PM

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QUOTE(gashout @ Mar 19 2025, 03:53 PM)
he cannot afford 250k property (loan: 1.25k/mth), what makes you think he can afford 24k/ year on rental.

nothing right or wrong.

the 750 is 3 bedroom some more. past 5 years, price never changed. with our property situation, do you think price will UUU? Maybe for those near MRT station, but majority no.
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I didnt ask him to do anything but think for himself.

 

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