Buy condo or wait it out?
hi all, first post seeking for advice. 31 years old this year, earning 30k a month. total 360k a year.
is it true that maximum i should pay is 5x 360k for a condo? which is around 1.8m and i should not stretch further? i think i can pay off the condo within 6 years by putting 200k per year into the house with 500k down payment. i got no car. work from home and usually take bus and mrt. currently got 500k of savings. |
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kudos to you man, 80%++ of the population wouldn’t even reach 30k pm at cep |
I work in tech. Hope to get some advice here. I'm looking at 2/3 bedders condo at town area. Should I be thrifty and save another couple of hundred thousands within the next few months, or wait it out before committing to a big purchase?
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Yes, first property purchase. Bank gave me up to 2.7m loan. But my yearly income only 360k. And I thought the max I should go for should be around 1.8m for a property?
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This question is on your mind, is it safe to buy property when the pandemic is still ongoing? I was offered a housing unit in Indonesia, namely the Villa Bogor Indah housing, but I was still thinking deeper about buying it.
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I buy a HDB 100k only. The extra 1.7 million I can spend on retiring. Only stupid people buy condo. My bed in HDB is just as comfy as yours in your 1.8 million air space. |
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after 10 years worth the same D9, 10, 11 condo 1.8m freehold, 10 year later, enbloc 3m who's stupid then? let's see. |
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