Dear TS,

If the cost of living going up and you can't afford repayment, etc don't buy simple.

Since it's a condo as a rule of thumb TS shouldn’t expect capital appreciation to go up much versus landed properties.

Additionally depending on who you ask, buying property for own stay should not be viewed as an investment. Interest paid to banks is the rent you pay

Markets ups and downs don’t really pose a threat for own stay buyers. Own stay buyers are likely to stay put regardless of market fluctuations.

People who buy houses for own stay won't suddenly flip their houses on market ups and downs. The associated costs and hassle would make such a practice impractical...

This post has been edited by aaronpang: Jun 9 2008, 05:09 PM

Errr eating 40% nett sounds dangerous... got any other loans?

Personally IMHO you don't seem financially capable to buy a house...

Is your spouse (future) contributing?

Double incomes could make your property purchase doable...

Wedding also have to keluar duit rite

Better to kahwin first then use combined income to finance your home purchase.

I also agree with most posters you should defer your purchase, coz you're getting yourself in a financial sqeeze...

There is no such thing as optimistic or pessimistic budgets... utter nonsense.

Dropping expenditures or inflating your allocation to come up with optimistic/pessimistic budgets is pointless you're only kidding yourself.

Budgets are a financial planning tool, based on a certain allocation of funds (typically fixed/predictable) and expenditure... its sole purpose is to keep your spending in check.

If your expenditure exceeds your funds you’re in the red and need to trim back.

My take on such advice is trust but verify it may not always be true and buying a house young limits your mobility/opportunity.

If I took my mums advice I would end up getting stuck in JB instead of KL where I'm currently employed.