Quote:
Originally Posted by Unregistered
Sure they can. If they got married and bought a BTO flat, it only cost them $200k, very cheap since it is a BTO flat. Their income will grow over the years and they would be able to pay down their mortgage fast. If they are prudent and don't spend money wastefully on cars, luxury good and expensive holidays, they could save a lot and invest in dividend stocks. So, by the time they reach their late 30s, they have a paid up flat which they can rent out and they could have a stocks portfolio of $600k, which gives them 4% dividend yield (S$24k pa or S$2k pm). So, if they rent out their flat at S$3k pm and get dividends of S$2k pm, they would get in total S$5k pm.
They don't need to own a JB house, just look at propertyguru, you can rent a house or condo in JB for RM2k pm (S$800 pm) or even less.
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Oh, u r talking about renting a place in one's retirement years....then maybe it is possible but not if they own one....it is quite pitiful to live at the mercy of your landlord when old though....prefer to own my own place....
And with no cars and no holidays, their quality of life is quite poor...