I wonder, just wondering,
how many of you singaporeans could live in your current flat
if not for loans?
how many of you could afford it without money from banks?
these should be considered unable to afford homes.
if its borrowed, then i also can borrow and buy expensive flats
what.
when u get retrenched, how? where to find the money to pay and
pay the interest payable to banks?
So, this is success? or not? I no no leh.
If you are not too greedy and buy a big flat and if you are willing
to work hard and save, you can pay off your flat very
quickly. It depends if you need to have a big place and be in
debt for life or a smaller place and live a debt free life.
May not what some people defined as success but sure takes a lot of
burden off your shoulder. It is good to be debt free.