I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 18 December 2022

Ho Ching: Buying an HDB flat akin to paying same rent without inflation in advance for decades

Tuesday, 30 June 2020

Uncle8888 blogged about it! :-)

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!

Assuming $1K per month for the next 65 years till end of 99-year lease.

Another 65 years to go till end of 99-year. Total rental expenses is $408K + $780K = $1.2M

He will be saving more than $1M in rental expenses over 99 years!!!

Why kpkb on about worthless 4 RM HDB at the end of 99-year lease?

Scratching head!

Read? Ho Ching: Buying an HDB flat akin to paying same rent without inflation in advance for decades

Read? Am I worry about worthless 4 RM HDB at the end of 99-year lease? (3)

Posted by Createwealth8888 at 08:16

1 comment:

  1. AT_AT18 December 2022 at 12:51:00 GMT+8

    CW, majority of Singaporeans know what is a good deal. Proven in every GE report card. Those that complaint have a bone to pick. Just hope that we dun narrow the gap with Hong Kong. :-)

    ReplyDelete

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