Originally Posted by
equalizer
I don't think you can look at it in that way. Look at all our parents/grandparents who 'slogged' to get a roof over their heads. How many of them are still slogging now? Most of the HDB/PC/Landed that they bought are all fully paid now or have very low loans on them PLUS they are sitting on very nice capital gains. In fact, a lot of them have sold off to downgrade to a fully paid property and used the balance for retirement. They are definitely not slogging now. In a land scarce country like SG, even the doomsayers would tend to agree that over the long run, the property cycle will continue its upward trend barring any catastrophe. Yes, there will be ups and downs along the way but in 30 yrs (in fact I think you don't even have to wait so long), you may be smiling your way to the bank. The main thing is to be financially prudent and have enough buffer to weather the down times.