Author Topic: Is buying a house practical? (Read 11304 times)

IGX · « **on:** Mar 28, 2012, 04:48 PM »

Hi Everyone,

I need advice. I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, in my early 30s, have a good source of income.

I am currently renting an apartment and own 2 cars and maybe 3 in the future. I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house? What are the benefits of owning one?

Appreciate the advice.

mikoangelo · « **Reply #1 on:** Mar 28, 2012, 05:14 PM »

^i were single?

hell yeah i will buy a house..

kung hindi ngayon kailan pa? kapag may asawa kana at may mga pinag aaral ka ng mga bata?

joconcepcion · « **Reply #2 on:** Mar 28, 2012, 05:17 PM »

Tama po, yan ang inuna ko, Bahay muna bago asawa!

DonT · « **Reply #3 on:** Mar 28, 2012, 05:27 PM »

Na...i'll let the bride select the house. That will be my gift to her.

Just spend on things that you actually need now. I'm a little bit curious why you have 2 cars? since you are single. If I was single, i'll have nice small flat near my office..have a decent car to bring me from point A to B....and make more money on the balance. Maybe treat myself from time to time if my passive investments are exceeding their targets.

Time will come where you need to do more spending than earning. You should feel lucky..your not in that stage yet.

I know a lot of people who are struggling to make money as fast as their wives are spending it.

pilyong_husband · « **Reply #4 on:** Mar 28, 2012, 05:30 PM »

Buy now if you have the means.

why 2 cars? car is a depreciating asset as they say. Buti na lang hindi rin ako bumili ng isa pang car just for coding.

DonT's advice on moving to a flat near office is spot on IMO. I've been thinking of this also. Fuel prices are shooting up nowadays

/edit.. DonT posted faster than I did

IGX · « **Reply #5 on:** Mar 28, 2012, 07:00 PM »

Mikoangelo - Thank you for your advice. The numbers just don't seem to be practical say I'm renting at 15K a month versus buying a house.

JoConcepcion - Worry ko kasi sir baka hindi ako ikasal

Happened so many times, sayang lang ung bahay

DonT - I would agree with you sir, this is why I would like to keep my money and invest it rather have a house that does not earn. If say I buy a 6M house, its 6M down the drain at day 1, compared to 6M earning on investments from day one until I retire.

Pilyong_Husband - Yun ang problema ko

Kasi ang tingin ko sa bahay depreciating asset. Kasi po pag bumili po ako ng bahay, may maintenance din sya, kaya para rin pong nagrerent, kaya po naguguluhan ako now.

The thing that makes me want to buy a house is if in case I get married as its one of my GF's demands

Archcavalier · « **Reply #6 on:** Mar 28, 2012, 07:12 PM »

Just my opinion...
Buy a house but, leave in a apartment...

That way you get to rent out your house, earn more...
Leave cheaply in the apartment...
Your GF demand = solve...

Just to add on that...
Buy a house in the province near the beach...
You can have it rented out per night, plus lower property tax...
Don't forget for 6mill you can buy hectares of land...
Its still a house = GF demand still solve..

pocoyo · « **Reply #7 on:** Mar 28, 2012, 07:16 PM »

ang sarap tlagang maging bachelor! i remember those days hehehe.... mamimiss mo yan pag nag-asawa ka na at nagkarun ka ng kids... if u dont need a house for now... go invest ur money first para in time pag need mo na mag-asawa and need to buy a house ung kita na ng investment mo ung pangbili mo just my two cents

moto461 · « **Reply #8 on:** Mar 28, 2012, 07:39 PM »

good idea cUte pcoyo..

pocoyo · « **Reply #9 on:** Mar 28, 2012, 07:42 PM »

moto461

jupiterjones888 · « **Reply #10 on:** Mar 28, 2012, 11:23 PM »

mas ok nga siguro ung my sariling bahay o condo malapit s trabaho para makatipid s oras at makabawas s stressed. Saka magaoang investment dinn ung my sarili ka.

bauer · « **Reply #11 on:** Mar 28, 2012, 11:29 PM »

IGX,

I agree with your view. You do not need a HOUSE NOW SO DONT BUY ONE

kasi meron ang mga friends mo.
kasi single ka pa eh kung future wife mo based outside manila eh di you need a new dwelling.
kasi ang job mo eh hindi eternal baka later you need to work outside manila.

PERO I DONT AGREE that you should buy 2 or more cars habang single ka. YOU NEED TO SAVE MONEY so you can buy a house when you NEED TO.

IGX · « **Reply #12 on:** Mar 29, 2012, 09:07 AM »

Hi Everyone,

Thank you for the advice. I think indeed buying a house now or while I am single is not an option and is not practical. I also do not feel like living in a house all alone and having no one there when I am at work.

As for owning another car, its something I cannot avoid as it is 50% will be shouldered by my employer. But I am still thinking about it.

jenxent · « **Reply #13 on:** Mar 29, 2012, 09:17 AM »

maganda talaga pag sa inyo ang bahay..kaysa sa renta,sa renta kasi house improvement or renovation is not easily done or impose w/out the permission sa owner,doon palang talo kana...

pocoyo · « **Reply #14 on:** Mar 29, 2012, 11:04 AM »

well igx kung ganun kaganda ung opportunity... 50/50

better grab it then benta mo ung mga previous cars mo... minsan kc mas matipid ung new car in terms of maintenance and other stuffs... then add u sa investment port mo yung pinagbentahan mo... i wish i also have that same opportunity