Read? Am I worry about worthless 4 RM HDB at the end of 99-year lease?
Let assume average Uncle8888's HDB 4 room rental is about $1K per month from 1987 to 2020 and over 34 years of rental expenses is 34 X 12 x $1K = $408K
He has already saved $408K - $55K = $353K!
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CW,
ReplyDeleteYou and me are the 2 dots of the Tao symbol ;)
Opposite sides of the SAME coin.
At the very least, we offer some "opposition" voices in the community where Indian Chiefs and parrots roam large...
LOL!
Meow.
Hi Uncle8888,
ReplyDeleteCongrats on a 7+ bagger "freehold" property! 😂
Got my resale HDB in 1998. Applying average rental, so far only a 2+ bagger.
Govt must wish that everyone is like you!
Own residential is a living expense, not capital gains. ;)
Of course, one doesn't get 50+ years of support by preaching that your money is "used up".
So along the way, "asset enhancement" got mixed up in the messaging. LOL.
S'pore property is mature now, with GDP growth in the low-to-mid single digits, and with immigration & population growth a much more sensitive & more controlled factor.
In the 1970s, a property can 20X. By the 1980s, that already halved to 10X. And by the 2000s, you'd be lucky to 2X a property.
Buying own residential to hope for windfall capital gains can be impractical at best (waiting for crash to buy matrimonial home) or harmful at worst (maxing out TDSR to get that "sure win" property).
Of course for those who can afford multiple properties, hey! no problem, go & test it out!
But as someone who is also renting out a small condo, I gotta say after 15 years that it's easier to make money from stocks than physical property & tenants LOL!
Making money from stock market doesn't require customers/suppliers/tenants and also doesn't have to handle complaints or requests. After Point X, it becomes truly passive income or "lie flat" investing!
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