QUOTE(cody99 @ Mar 31 2008, 03:14 PM)
Nowadays easily anyone can loan upto 80% or 90%.
some can't afford 30% as Downpayment.
Remember to keep some money for minor reno & furnishing.
True....but you would burden yourself and after calculating the amount of interest you're going to pay....wow!
QUOTE(Pai @ Mar 31 2008, 03:40 PM)
Generally speaking, yes.
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.
Yes because your property is money generating. I'm talking from the perception of having it as a home.
Agreed with your method. 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).
QUOTE(safetylance @ Mar 31 2008, 04:35 PM)
i think what boon means is 10% for downpayment & another 20% for renovation lar..
as u knew m'sia house never consider completed house...ppl luv to renovate it..
That too. But 30% is the conventional rule of thumb. Eventually if one cannot prepare that amount of money; he/she would burden himself/herself in repaying the loan and also like you mentioned....renovation and maintenance cost. In the case of emergency or economy downturn, servicing/maintaining/keeping the property might become a big burden.
Anyway, what I want to stress is on financial plans before committing themselves on whether or not to buy a property. Not depending on market situation since this is talking about the "right" time to buy a house.
This post has been edited by b00n: Mar 31 2008, 05:27 PM 
Mar 31 2008, 02:32 PM
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