Quote:
Originally Posted by Unregistered
It is important to buy a house that is above what you can normally afford. History has shown that during retrenchment it allows you to downgrade, unlock huge gains and then reinvest the gains to another condo to earn passive income. Testedn & proven way.
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Sure it sounds good..but the catch is that your property must correspondingly rise in value, if it goes down you are worse off coz u still need to pay the large loan that you borrowed from the bank. Oh yeah, when do retrenchment takes place normally? I guess 90% of the time its during downturn and during downturn, it mean things are on fire salel so which means will your property goes up or down? I guess u got the answer in your heart.
Investment sounds good in theory but do you got the guts to execute it or even the foresight? If you are just a normal average salary joe, then investment is always a game for the rich.