Quote:
Originally Posted by Unregistered
40yo single PR. 120k pa. No outstanding loans. 150k cash.
I'm thinking of getting a 850k condo as not eligible to get hdb.
Not sure if I should jump in and buy condo or just keep paying rent. Rent is about 1.4k. The mortgage will work out to about 2.5-3k per month. What do you guys think? |
Why not rent a one bedroom condo for only $1500 pm? Quite near an
MRT station.
You can invest your savings in high quality stocks which give you 5% dividends.
If you lose your job, you don't need to worry about paying the huge condo mortgage. Worse, if you lose your job and the condo price crash. If you rent, you can just leave after the lease ends. Nowadays, you can't guarantee that you won't be jobless.