Quote:
Originally Posted by Unregistered
The way to retire rich is simple.
First buy cheap BTO and after 20 years you can pay off the loan.
Then you can rent out your whole unit to FTs.
But for this to work, we must support the 6.9m population or even more, but must ban PRs from buying our resale HDB flat, so that they cannot buy but must rent from you.
Then you retire in 3rd world cities, such as KL, Bangkok, Chiang Mai, etc. Your flat can easily rent out at $3.5k a month. This translates to RM9k plus in Msia. If in Thailand, even more cheaper. Retire like a king in 3rd world cities KL, Bangkok, Penang or Chiang Mai. But you must take care of your safety, don't take for granted. |
You definitely cant live like a king with RM9k in KL or Penang. Assuming you and your spouse, put aside your kids. Living in a RM1mil teres (market price), RM250 C Class Benz, Each month you have to pay RM4.5k for housing loan (30 years loan) and RM3k for car (9 years loan). And remaining for road side hawker food, RM5.5 for a bowl of noodle and RM1.8 for kopi. Ppl always think that living in Malaysia is cheap.. and not even king, just average living lifestyle..