Good for you. Condo dwellers like us are thankful to people like you for not having cars.
We bought a car for our eldest son last year (our 3rd car) when he started work and we were relieved to be given the extra lot by the MCST because some of our neighbors do not own cars.
If we're staying in
HDB, we will be coughing up a lot (almost $300 every month) just for car park fees alone for our 3 cars. On top of that, we will probably be assigned lots far away from where we stay.
One of the advantages of staying in a condo is that the overall maintenance fees (including sinking fund) can be lower than that of staying in
HDB especially when your family has more than 1 car.
Quote:
Originally Posted by Unregistered
We are a retired couple in our 60s. Now living in a nicely renovated one bedroom condo unit. Debt free. We earn $70k pa of dividends from our stocks portfolio. We are financially independent. We spend about $50k pa and reinvest our savings into more stocks. Even though we are millionaires, we chose not to buy a car as we don't travel much. We get our groceries nearby, which is just a walking distance. We don't travel overseas much nowadays as we travelled a lot with our kids in our younger years. We've been to most touristy places around the world. We enjoy sitting by our condo pool every morning, reading the newspaper and relaxing. Sometimes we work out in the gym and swim.
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