In this episode, we will address a question by Jeff regarding his consideration to purchase a property. Given the context of the property will be shared with his GF, and he will get financial assistance from his family to fork out the down payment for the property.
My take is a strong NO. Simply not being able to pay the 3% booking fee already indicates that you cannot afford the property. Then many may not tell you this, the property which is around RM 760k will need incur a monthly installment of RM 3600. It directly means one party of the couple will be working full time for a month just to serve the installment for a house.
It's simply madness to put such enormous pressure on the relationship. It will be such a lockdown to your freedom as both couple are only 24 years of age. There's so much more to explore from a career and life standpoint.
The question is WHY? Why would you put yourself in such crazy risk? Is it merely to impress your friends?
My suggestion would be to drop the deal, instead look for something within the price range of RM 300k as an investment property. And work hard to increase your active income.
17 сен 2024
