@boon,
30% d/p is a tad too much, no?
is it good time to buy house now?, pls share your thought
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 Mar 31 2008, 02:51 PM
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#1
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Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia   
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Mar 31 2008, 03:40 PM
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#2
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Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia
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QUOTE(b00n @ Mar 31 2008, 02:55 PM) If it's a "home" than you wouldn't want to use "leverage" right?..... Generally speaking, yes.  You would want to pay off to incur lesser amount forked out towards interest portion....no?  Not for me though. Im a big fan of leveraging as I like to have decent liquidity (if i could afford lah) at any point of my life to capitalize on any emerging opoortunities. If I had 30% cash to spare for my house, I'd get the typical 10% d/p on flexiloans then dump the extra 20% $$$$$ in the flexi account. Save on interest and at the same mantain healthy liquidity position. |
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Mar 31 2008, 07:03 PM
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#3
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3,318 posts Joined: Dec 2004 From: 1Malaysia
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QUOTE(b00n @ Mar 31 2008, 05:26 PM) I myself is doing that though I loan 90% for my home, I've parked quite a huge amount in my flexi loan. Plan to finish up everything in 10-15 years time although I dragged the tenor to the max to secure a lower installment (minimum cash flow in emergency times). Smart move |
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Apr 5 2008, 11:45 PM
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#4
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3,318 posts Joined: Dec 2004 From: 1Malaysia
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QUOTE(abarai @ Apr 5 2008, 06:34 PM) it's really hard right now to say if property prices are only just starting their correction with more downside to come or is this just a pause from their sharp rises in the past 2 years and then will resume the uptrend soon. Abarai, care to elaborate what do u meant by a "property correction"?  How many drop are you expecting from this correction? |
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