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Financial Should i buy the house?, Help me please...

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eugene jk
post Mar 26 2009, 09:35 PM

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If you plan to buy and pass it down to your children or holding it for long term for rental income in the future, by all means, go ahead.

But if you decide to buy and stay now and there is a possibility of shifting to else where after 10 years and plan to sell of this condo, do think seriously.. Bank usually reluctant to approve loan to your future potential buyer if the tenure is less than 60 years. Unless the buyer buy it with cash and this kind of buyer pool is very small. Moreover, value will depreciate because not many ppl will buy in cash.

After 70 years expire, owner own nothing not even the structure or land, in other words, buyer is paying RM148k of "rental" in advance for 70 years, and at the end, own nothing..

There are always people say that there is no different between LH and FH, dont take this lightly, talk to bankers and other experts.. It depends on individual whether you can take the consequences or not.. Developer always say LH is common, they dont care much but reapping profit from buyers are their main priority..

A friend of mine who is a bank manager always encourage me to buy freehold ..

For me, FH for own stay, LH or FH for rental income (its is just me la) wink.gif
eugene jk
post Mar 27 2009, 11:22 AM

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That is the uncertainty of LH.. it is up to you..

 

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