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 Wana buy house!, Sick of renting room !!

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suiteng
post Aug 18 2008, 09:21 AM

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Buying house just because sick of rent? You've gotta re-evaluate your words.

Buy house needs downpayment. You have the $$?

After buy house, maybe you need to wait for construction. Even if you buy completed property, you wait for transfer. You have the time?

Rent out rooms earn some $$. How long it take for you to earn back your dp?

Salary - housing loan = balance. Enough?
suiteng
post Aug 19 2008, 08:26 AM

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QUOTE(kanasai88 @ Aug 18 2008, 08:09 PM)
hmm.gif  hmm.gif
You got your point, seems like you are planing to rent a house forever. Well, individual preference.

I wish to have my own house, just the time matter. and I have the time, time can arrange one ma... tongue.gif

Salary - housing loan = balance. Enough? I think change a lil bit lifestyle should b enough.
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I'm giving my point. You're making assumption on me. Do you want me to list out the number of properties I have in hand? tongue.gif Becareful of the things you say if you're asking for advice.
suiteng
post Aug 20 2008, 11:47 AM

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map san wub.gif My snakes are doing fine here, don't worry, I will not release it to kanasai laugh.gif

Basically most youngster rush rush wanna buy a house coz dun wanna pay rent. That was my thinking in the earlier days (why pay rent for something that doesn't belong to you?) which landed me into a big financial crisis.

Luckily now, I'm out of it and it started to generate income. Although there's income from rent, but owner always bear risk because the loan is under the owner's name, not tenant.

 

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