Aside: Wrote this out
of frustration that project I am involved in is not satisfactory. End of aside.
You are reading this because you want to buy a house. What
made you to come to this decision? Simple:
1. You
are engaged and soon to be married.
2. You
have been staying with your parents for far too long that you discover a
conspiracy involving your mother, your meal and arsenic.
3. All
your buddies have bought a house and the next time someone opens his mouth
about his new property and you swear you are going to shove his own sales and
purchase agreement document up where the sun can’t shine even if it uses
anti-gravity technology.
4. Your
parents have too much money and you are a jerk.
Considering these conditions, you decide that, yes, a house
is the way to go.
But this post will eliminate the number four guy, because,
well, everything is done for him and all he has to do is to wait for the entire
process to be finish so that he can go right in and burn more money by the
fireside even though there’s no winter in Malaysia.
How much can you
afford?
As I said, the number four jerk can go to hell. This advice
is for those who are earning here and there, monthly, and usually, by the end
of the month you wonder if the banks are eating up your account so that they
can pay for their CEOs manicure.
The simple truth about the current property situation is
this: you can’t afford jack shit.
Property prices have been going up the roof, unless you are
homeless. That’s the truth. As I learned the other day when my immediate boss
and I met with my wife’s uncle, a very experienced valuer/real estate
agent/consultant/my-wedding-reception-toast-bloke, uncle Clement, the property
price is “ridiculously high”.
But let’s say, let’s just say, that you do earn a little bit
and you have the confidence to pay for your monthly housing loan repayment.
Well, good news because I am going to make you cry and hope that they allow
caves to be rented again.
You see, there is more than just having a great salary. You
have this thing that has been constant in your life ever since you decided how
awesome it is that you don’t have to go to school anymore: bills.
Yes, bills and bills and more bills and I am not even
talking about the Williams in your life. I am talking about moolah, money,
dough that is being parted from you. Remember the tears.
Yeah, housing loan is all about how much of hard work you
put when you are not facebooking, chatting, or downloading music, is taken away
from you. How terrible.
But you can always calculate how much you can let go each
month to the bank that has already paid the developer (of that house, if you
are interested in buying) who then proceeds to spend it with the personnel from
the relevant government ministry.
House buying process
By now, I guess you are already looking at that razor blade
you are holding over your other wrist. Life is like that. Buying a house at these times is like
voluntarily availing yourself to leg amputation even though you are in perfect
health.
In short, go ahead and buy a home, the world is
overpopulated already.
