As you all can see, I've been a member of this esteemed forum since 2003.
Throughout the years, some posts of mine are genuine and some posts are just plain BS. There's even the infamous invitation to literally fight with tupai... but we all know it's just camaraderie between forummers. Anyway, I need to make an important decision in my life and it requires the best, the brightest and the experienced to guide me through. Let's begin :
I own a property in Goodyear Court 9 [1017 square feet]. Bought it at RM151,000 years ago. The LRT is confirmed coming [I went to their Kelana Jaya office last week to enquire on the status and from what I've seen and being told, it is definitely in the works]. This unit is sellable and rentable at the moment. However, I don't feel any connection anymore to my place. I live alone by the way. I have also eyed a unit in PJ at the sum of RM390,000k and from my numerous visits there, I have fallen for this place.
The question is :
1) Should I sell my current place at RM300,000 now ? Use the leftover to get
the one in PJ?
2) Should I rent out my place (RM1100) and purchase the one in PJ? I don't
think I can afford the extra cash for the 10% down payment which may
come up to RM51,000. I probably have 40% and the rest I don't. Take a
personal loan from banks? I tried the EPF withdrawal to reduce housing
loan scheme but it goes straight to the bank loan account.
What price are we looking at when the LRT arrives with regards to my unit?
You all are more experienced than me in terms of properties and probably the realities of life. Also, try not to selit in some political innuendos please.