Hey honeybee,

Based on very limited info from your story, i 'm doubt about your need to buy a new house while your parent have to sell off theirs to clear debt. That just doesnt make good sense to me and i believed there are people who will also agree with me. Let bank auction your parent's house at your hometown should be the last resort, not to mention the house value will go below market value up to 20% if bank don't manage to sell it. Unless your oldman can recover a big sum of money from it at the same time they are desperately need those money for emergency cause. Since you are renting from people and free of mortgages , i may suggest you settle whatever outstanding amount of your parent house and claim the ownership of the house and let your parent continue stay there. I don't know how much is the house at your home town worth, but if you can acquire that, why not ? It just doesn't sound right to me to let the two old man staying at rented house and will be chased out of it if you don't pay for the rent one day. Unless, there's a BIG UNLESS there's a hidden story that they deserve it e.g. your oldman gambled off the money and so.

Put the old house one side now, we talk about the property you wish to buy. First of all, with your saving and your monthly income ( doesnt count your future wife / potential GF income ) , you are on the very edge of the borderline ( consider your your income is fixed and no commission based ), if you granted a loan of RM 200 K, which you need to pay RM 1,000 - RM 1,200 a month based on 20 - 25 years loan( very rought estimation based on current BLR ) , you are pretty much stuck with your current life style for the next 10 years to come. If BLR increase in huge margin ( check BLR stats for the past 20 years ) you will be in deep trouble. Also to be able to rent out the two extra rooms, your property need to be situated at decent location; i think choice is very limited taken into consideration that you are buy apartment at the region of RM200 K +/- . And you got to be extremely sharp hunting for the best deal in town, most likely second handed one. If i were you, i will keep my saving and patiently wait for more victims to surface ( those can't affort to pay off their property they bought during good time ), pick up those good one with minimum loan from bank. Remember one thing - Don't buy for the sake of buying ! Some people bought their house with the mentality of ' people buy , i must buy ' or get very excited after reading too much forum and ended up not happy with it but stuck with it for the next 20 - 25 years to come. Buy it only when you really need ( family building ) or it is really good deal. Friend of mine told me " We got to save for the rainy days" , i told him" Not rainy days, its THUNDER STORM ahead of us". More saving mean more flexibility to choose and time, so no rush. Developers are more worry than you that they cant' sell their house, so never worry there's no house for you to buy if you ve got money in hand " Sorry for the text of wall and good luck.