You're so lucky that your house price is increase by 10x. But I have a question to you. How are you going cash out those $800k and still maintain the same standard of life? If you sell it out you also need around $800k to buy a new one for you to live.
So that's the reason why "net worth" should not include your primary resident, and your debt.
Quote:
Originally Posted by Unregistered
My wife and I are in our early 60's. We have just retired. We live in a big HDB flat which we bought for $80k many years ago and now it is worth $800k. Our investment in the flat has grown by 10 times, so we strongly support our country's asset enhancement policy. We will give our flat to our son when we both die. |