You are right, there are many in this forum doing stupid things and giving foolish advice. Better be safe than sorry. Just focus on buying one condo and pay off once you reach retirement. Then when you reach 65, sell the condo and then buy a
HDB studio flat for the elderly. This cost only $100k. If you sell your condo at $3m, you can then have $2.9m to invest in the stock market to give you dividends.
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Originally Posted by Unregistered
Thanks for the advice, but we won't do that as it is too risky. If the market crash and if i have no tenant and if I and my wife both lose our jobs, we will be screwed and become bankrupts. Better be safe than sorry. I read many become bankrupt cos they overleverage and own multiple leveraged properties when the Asian crisis hit.
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