Inflation is good for your property. With inflation, your property price can double in value over the years. So even if your food price go up, it is nothing compared to the benefits of property appreciation. Let's say your food bill doubled from $10k pa to $20k pa. This is nothing compared to your condo doubled from $1m to $2m. You can then sell your condo and downgrade to a
HDB flat and enjoy the cash profits.
Quote:
Originally Posted by Unregistered
The main thing to worry about and plan for is inflation.
Even hawker food prices are increasing every year. The carrot cake I buy occasionally have gone up from $2 to $2.5 (25%) this year!
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