Quote:
Originally Posted by Unregistered
I bought icon studio at tanjong pager in 2005 at 350k, sold last year at 950k. Also bought oxley one 2rm at 480k, sold 1.3m recently.
It easy to make money in property last time , only 10% down payment.
Reach 50 this year, sitting on 2.5mm cash waiting for next bubble burst to enter again
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Sounds easy.
The problem with your younger peers trying to emulate what you did is that they won't have much savings even when the next bubble burst. To buy a modest house and a simple car to raise a family today will wipe out the average couple's savings. Unless they sacrifice a lot to save up for that investment opportunity that may or may not come, they will never be like you.