Thread: Buy or Rent?
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Old July 28, 2018, 01:36 AM
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Jadukor Jadukor is offline
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Join Date: October 17, 2010
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Quote:
Originally Posted by Yankees
Where did you buy and why did u decide to sell?
Bought in Thailand. The housing market was soft right after the massive flooding in 2011 and i took the opportunity to buy at a relatively lower price. Over time i felt that i could afford a better house in a better neighborhood and took advantage of the upswing in price due to the start of a metro rail connection and construction in my area. My plan now is to invest the profit and a sizable capital at once in a new property to reduce the mortgage loan amount as well as the interest.
Another advice i would give is to always look to refinance your long term loan if you notice better/lower mortgage rates. I did that to bring down my interest after 3 years through a different bank.
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