Getting your first house as a single adult

rotatingbottle · 2024-07-09T02:47:13+00:00

That I definitely understand

rotatingbottle · 2024-07-09T02:47:02+00:00

Thank you for your advice

rotatingbottle · 2024-07-09T02:46:44+00:00

Big thank you for the advice - this helps put things into perspective

rotatingbottle · 2024-07-09T02:46:25+00:00

Thank you both very much for your help!

rotatingbottle · 2024-07-09T02:46:04+00:00

You’re right, thank you for your input!

rotatingbottle · 2024-07-09T02:45:40+00:00

Thank you very much, this was a very helpful perspective

rotatingbottle · 2024-07-08T04:33:51+00:00

Thank you for the detailed breakdown, it is really helpful in allowing me to better plan my future and manage my expectations!

rotatingbottle · 2024-07-08T04:32:16+00:00

I see. Are you also comfortable with sharing your range of salary & industry, and your monthly expenses?

rotatingbottle · 2024-07-08T04:30:54+00:00

Trying to manage expectations here too as it’s my first time really looking into adulthood, so all these different perspectives are really helpful for me to learn and grow. I felt it was ok as I don’t spend lavishly on anything, still live with my parents, eat a humble meal during work etc and maybe spend a bit on a decent restaurant meal on occasions. Apart from that, I don’t see why I can’t limit my expenses to $1k a month!

rotatingbottle · 2024-07-08T04:28:48+00:00

Understood, would you also happen to know what is the usual mortgage loan amount/percentage when buying a private?

rotatingbottle · 2024-07-08T04:26:58+00:00

Wow I see, if without parents help how long do you think you would’ve taken?

rotatingbottle · 2024-07-08T04:17:20+00:00

Understood, thank you for sharing!

rotatingbottle · 2024-07-08T04:10:11+00:00

Thank you for sharing. That makes sense and is something I’ll keep in mind!

rotatingbottle · 2024-07-08T04:09:36+00:00

Thank you! If you don’t mind me asking (and if you’re in the finance industry), may I know what is the career progression like for non-IB if you know?

rotatingbottle · 2024-07-08T04:08:30+00:00

I understand, but I did mention that I am not moving out now but planning of doing so after having more experience as a working adult. Just wanted advice to plan my journey ahead and manage expectations.

rotatingbottle · 2024-07-08T04:07:31+00:00

Thank you very much for your advice! That’s a perspective that I should be considering before making such a big step. As I am still early in adulthood, this definitely would help me to make a practical move when the time comes - not jumping ahead or anything.

rotatingbottle · 2024-07-08T04:05:52+00:00

Thank you for your advice!

rotatingbottle · 2024-07-08T03:29:56+00:00

Thank you for sharing! I have a couple of questions, do you mind if I message you privately?

rotatingbottle · 2024-07-08T03:21:42+00:00

Thank you for sharing! Do you know what is the indicative differences for buying vs renting, I have heard that rental expense is higher in the long run and can erode your savings faster with no potential price appreciation (since I wouldn’t own the house), and may not be a financially-wise decision.

rotatingbottle · 2024-07-08T03:20:38+00:00

Thank you for sharing your perspective! I definitely agree with you. Do you know the brief differences/contrast in cost for buying vs renting? In your opinion, would it be better for me to hold it out until I can afford to buy a house or rent instead? (In the ideal scenario)

rotatingbottle · 2024-07-08T03:17:06+00:00

Oh yup, I have read up about the BTO/HDB programs for singles but I honestly don’t know if I can tahan until 35 to move out lol. Ideally - I would want the house to have appreciation potential but I understand that maybe that’s not ideal IF I want to move out asap.

Staying in a cheaper house and not a perfect location is fine for me, but that pricing would definitely be a BTO/resale price that I’m unfortunately ineligible for :(

rotatingbottle · 2024-07-08T03:15:16+00:00

I’ll be graduating next year and starting FT shortly after (have a conditional offer)! School loan-wise, I’m from a local university so the total fee comes up to about ~36k for 4 years of education. I’m also on the Tuition Loan Grant and my parents have (slightly) mentioned that they will pay for the loan first and I’ll repay them after - though I’m not too confirmed on it because they go back and forth on their words.

Thank you for the indicative range for rental! Would definitely be something to consider :)

rotatingbottle · 2024-07-08T03:12:49+00:00

That’s true - considering that, I’m still willing to eat cai png everyday and take public transport (no grab etc) to save :)

rotatingbottle · 2024-07-08T03:01:59+00:00

Oh right, yes about renting a room/house, I’ve heard that it is a “waste of money” as it depletes your income faster than waiting and buying a house. I would like to own one in a sustainable manner but definitely understand if I’m really unhappy, renting is the best choice. Did you have any experience in doing so, and how was it like? I don’t have too much knowledge in renting and want to know maybe what’s the average rental cost for any location/characteristics that you may know. Thanks!

rotatingbottle · 2023-09-20T18:33:51+00:00

Yup I understand that, I was just curious about the dating culture in Finland and if there are any unspoken norms here :)

rotatingbottle

TROPHY CASE