Buying a car or a house first
By Alvin Jenn
@Acefun (1220)
Malaysia
June 18, 2019 8:24pm CST
Hi,
Is it worth to buy a house or a car first for working adult with monthly salary of RM 3000?
Having 2 loans together might have high loan interest rate or one of the loan will be rejected by the bank as bank might think that I am not able to pay the loan.
Is it better to have at least one credit card so that the chance of getting a loan will be much higher?
9 people like this
9 responses
@Starkinds (32703)
• India
19 Jun 19
A house because it's gives you more stability.
2 people like this
@Starkinds (32703)
• India
3 Aug 19
@Acefun then go with that one which suit you most
1 person likes this
@weevee18 (2067)
• Philippines
19 Jun 19
If you can stay away from getting a credit card, please do so but if you’re confident that you will not overspend using a credit card then go. If it were ne, I’d buy a house first. Taking a public transportation will get you a good exrcise daily.
2 people like this
@Acefun (1220)
• Malaysia
3 Aug 19
Yup, overspending using credit card is the root cause to make an individual to have financial problem or to the worse case that is bankrupt. I think I will not overspent as I always buy things when really need it.
However, we need to show bank that we are a good master payer then we can get the housing loan easily and slightly lower interest rate.
1 person likes this
@Acefun (1220)
• Malaysia
3 Aug 19
I agree with you. A property is an asset and will increase in value throughout the years.
Cars will depreciate in value along the years.
However, having a house need to think of money for renovation and maintaining it. Plus, getting bank o approve the housing loan is also a major challenge.
1 person likes this
@Acefun (1220)
• Malaysia
3 Aug 19
How about car? If rely on public transport, it might be a problem as the arrival time is follow the scheduled time and some places is not covered by it.
@Mamerto32 (2783)
• Canlubang, Philippines
19 Jun 19
I think I will buy a house first. Houses are more as necessity. Without a car, you could always commute.
1 person likes this
@Acefun (1220)
• Malaysia
3 Aug 19
But, some part of the places are not directly reachable by public transport and the arrival schedule is not strictly follow.
@Aansh13 (11251)
• New Delhi, India
19 Jun 19
I will go by what @sharon6345.
Think what makes you happy and what is more important. Mostly around me I have seen people buying house first... But that's okay go what you desire
