Dec 22 2017, 07:23 PM
QUOTE(BEANCOUNTER @ Oct 20 2017, 01:22 PM)
imo buy for own stay also must be good enuf for investment.
these days, new property is not like bygone days when it took 2 to 3 years to complete. It has extended to 4yrs or longer.
longer completion time not only means more wip interest paid but also caused uncertainty of one's plan. 4-5 years is a long time to prepare to move into your new home. Circumstances change, family structure changes, better home may come in, career changes and etc......you should find a product that not only good for ownstay, but also good for investment, JUST IN CASE there is change of plan, so that you wont be stuck with cash sucking property that you cant flip, rent or ownstay.
When sign SPA still got job.....prior to VP got retrenched, knee also goyang (circumstances changed for the worst). Scary indeed.these days, new property is not like bygone days when it took 2 to 3 years to complete. It has extended to 4yrs or longer.
longer completion time not only means more wip interest paid but also caused uncertainty of one's plan. 4-5 years is a long time to prepare to move into your new home. Circumstances change, family structure changes, better home may come in, career changes and etc......you should find a product that not only good for ownstay, but also good for investment, JUST IN CASE there is change of plan, so that you wont be stuck with cash sucking property that you cant flip, rent or ownstay.
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