Thinking back, in February we were looking at condominiums. First around our area, then further away, always coming back to the conclusion that we would be priced out anyway, especially by the hefty down-payment.
Next we explored options to buy a small property in Geylang for rental purposes but came up empty again.
Followed that up by looking at property in the Dangar Bay area but was not totally sold on the idea.
It looked like we would not be able to own a piece of property that we could pass on to our kids.
I even switched to planning for renovations for our flat once we hit the 15 to 20 year mark, just to freshen things up - meaning hopefully, we'd leave a larger nest egg once we passed on.
Step back though and look at the whole process. Would my kids have it any easier or would they still be caught in the same circle? Would they, like us, be caught in this life of constantly servicing loans and debts till they are no longer economically viable in the eyes of Singapore?
Surely, there must be more ... whether we'd find that at the end of our move? I'm really not sure. It could turn out worse but we have to try. For all our sake.
At the very least, we won't have to pay 80 to 100k for a car that would have to be condemned after 10 years - a renewable debt, designed to keep you working.
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