A friend of mine sold his
hdb flat and got a profit of $200k. Because mortgage rates are low, they bought a $1m condo and took $800k loan. Their combined income is only $7k. They are in their late 30s. Crazy !!!!
Quote:
Originally Posted by Unregistered
This is very good advice indeed.
It applies though to people who are 1. disciplined about not spending their excess cash and
2. investment savvy
Those who are prone to buying stuff to keep up with their friends / neighbours would be better off paying off their housing loan.
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