Quote:
Originally Posted by Unregistered
you have to add about $1000 of other costs as mentioned. so only left with $2500.
when interest rates rise, your mortgage will rise by $1000.
so left with $1500.
you cannot retire, still have to work whether full or part time.
if you sell your terrace, and pay off all loans, maybe you can get higher passive income.
the problem with landed property is that rental yield is low. another problem with having loans, you pay a lot of your income to pay for mortgages.
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I don't think thw other costs come to $1000 a mth...condo maintenance only $200, jb house maintence rm130 and property tax is not so high...
I can also work for a few more years and pay off landed instead of condo, then may have more passive income Or sell all sg props and put money in malaysian fixed deposit of 3% pa if really want to retire but kids will have to go local uni then...