Getting married! Buy or Rent a house!?

Have you been seeing beautiful condos building up in KL in these years? Yeah! You wish to own one right?

Wait a minute, what's the purpose of owning a property? To live in it? And security of course! Let's count!

Just check out the west side one, amazing stunning condo! Are selling at 730k right now! 900+sf. Woohoo! You gotta have 100k on hand to get the doe payment and s&p sorted out, exclude furnitures o yeah! Of course installment, with the 4.2%, it's a monthly rm3213, for 30 years and this house is yours baby!!!

Counting... 

Wait, maintenance. Okay. 900sf x 30sen (should be more) will be rm270

Keep counting... 

Rm 1,353,880 (including the first 100k) only... For a house of rm730k.

So you need rm100k + rm41796(1 year of installment to move in securely. In total rm141k!

Honestly, who have that cash on hand right now! For executive in age of 25-30, wanna get married anytime soon.

Well.. I check the renting price, rm2300 (haven't negotiate okay?) 

Renting is rm2300, paying installment is rm3213+270=rm3483.

Most of us (especially I'm a typical Chinese from kepong, well, I'm proud of being a kepongian!) will think, Aiyo, just rm1183 more I can own the house, and resell when the value shoot high high. 

We've missed something. 
Another 1.2k might sound a bit too light, but once if u sold it, where ya gonna live? Other property price won't go up? Siao ah! Then u need to get all the money u earn (so called earned la) pay the new down payment and continue paying higher monthly installment. Lol, isn't it ironic. It sounds like u gotta be the slave of your house till death.

Well. Going the renting route, rm2300, always sounds stupid (help ppl pay installment meh).

Let's see, you only need rm27.6k and you're on for this one year high end condo deal! VS 141k! (113.4k savings! You can start a very cool business wei with this cash)

Benefits :
1. You've a peace of mind of living there.
2. If you're not happy with the house you can feel free look around and move to another view, paying same rent.
3. You've no housing debt, awesome!!!
4. When you've no income, you just downsize and move back with parents. No one will call u ask for installment, or put u to bankruptcy! 
5. Overseas opportunity? Let's go! Leave a love note to your landlord.
6. Leaking or weird neighbors? Move la!
7. So stress free that u can focus on your family and career, super good!
8. You don't need to save up to rm141k bro!
9. You're so smart! You've no debt! Pay as u use! Like prepaid! Your land lord is paying so much more for u to enjoy this house!
10. You feels like a mat salleh!
11. You can understand why mat salleh can sing I believe I can fly! Because they taste more freedom than Asians!
12. When you die, you've no worry about the house. You landlord will, especially if you die in the house.
13. Your kids will be so excited! Daddy daddy! Where are we moving next year!!!
14. If you really have 141k? Awesome! Start a business! Do investment! Make more passive income!
15. You're so happy that can go drink latte with Vin Lim

So... Own or rent?

I think owning a property is awesome! But trying too hard to own a property really drive people nuts! Can't move on in life, stuck there finding money, enough money to get married and move in a proper house. Marriage isn't nothing about owning a house, marriage is about committed to live with each other, love each other until death. Focus!!! Not the dead-gonna-leak-have-problems-in-the-future house.

A secured house with awesome environment for newly weds? Just both of u! Soho is even cheaper!!! Go look around! 

When you're old, you might not own a house (I think you'll own a house with less debt because you've been focusing on career and family building), or own a house, you still die the same way, in the small small box, or small small pot (if you like flame).

But I bet you enjoy your honeymoon years with your wife, you children's childhood than you've forced yourself to getting enough money to pay crazy down payment and later high installments to feed the bank first, why feed the bank!? Feed your wife! Your child! Your dad! Your mom! Yourself! And don't forget your dog!

Let's focus to build happy marriage and family, not house installments. Cheers!

Vin, eyeing on westone condominium :-)

Comments

Mick said…
Nice article man, and you just get my points well!!
Vin Peaceman said…
yes mick. And I love you. LOL

Popular Posts