Do You Want To Retire Before 60 ?

[inlinesix]

On 5/26/2025 at 4:03 PM, Volvobrick said:

Downgrade, pocket the profit and spend it during retirement.

Logical but emotionally hard. Most even want to leave their flats to the next gen and not re-mortgage back to HDB despite not having enough to pay for their own expenses and medical.

Not enough lease period for inheritance.

If want, need to buy a new one when ole one is 20 y/o.

[Throttle2]

On 5/26/2025 at 4:03 PM, Volvobrick said:

Downgrade, pocket the profit and spend it during retirement.

Logical but emotionally hard. Most even want to leave their flats to the next gen and not re-mortgage back to HDB despite not having enough to pay for their own expenses and medical.

 

 

Many people are going to have no choice but go that direction. ie sell and dowmgrade or rent…

Also I really cant understand how any rational, logical person can think of a 99 yr property as a true unadulterated form of investment.  

Any form of asset ownership with a fixed known expiry is just the right to hold it until expiry and the price should be treated as an expense to be written off ultimately.

Therefore such “assets” should only be valued purely for their utility, nothing else. 
 

 

 

[Ginyu]

If they never upgrade and probably paid off their bto by 50 or earlier and with another 15 years time frame to make more money also cannot retire? 

So is the upgrade to condo route the only way to ensure comfortable retirement?🤣

Edited May 26 by Ginyu

[Throttle2]

On 5/26/2025 at 6:53 PM, Ginyu said:

If they never upgrade and probably paid off their bto by 50 or earlier and with another 15 years time frame to make more money also cannot retire? 

So is the upgrade to condo route the only way to ensure comfortable retirement?🤣

Its the route which agents have been profitting from since day one. 
Thats why every single tiktok and insta video from an agent is towards getting people to upgrade, and to buy.   
after selling also must buy. After buying, must sell. 
churn churn churn

Edited May 26 by Throttle2

[13177]

On 5/26/2025 at 3:58 PM, Ginyu said:

Typical hdb upgrader with huge outstanding loan in their mid 40s, how to retire early?🤣 continue to work pass 60 la

Ya, work until loan paid off at 65 year old lo.

[Mkl22]

On 5/26/2025 at 4:48 PM, Throttle2 said:

Many people are going to have no choice but go that direction. ie sell and dowmgrade or rent…

Also I really cant understand how any rational, logical person can think of a 99 yr property as a true unadulterated form of investment.  

Any form of asset ownership with a fixed known expiry is just the right to hold it until expiry and the price should be treated as an expense to be written off ultimately.

Therefore such “assets” should only be valued purely for their utility, nothing else. 
 

 

 

But to do the selling on, there needs to be the musical chairs of bringing more in to buy. Else end up like China. Build and build and not enough of next generation to buy. 

Edited May 26 by Mkl22

[Volvobrick]

On 5/26/2025 at 9:08 PM, Mkl22 said:

But to do the selling on, there needs to be the musical chairs of bringing more in to buy. Else end up like China. Build and build and not enough of next generation to buy. 

Of course! Open legs big big properties confirmed huat forever! 10M population here we come!

 

[inlinesix]

On 5/26/2025 at 9:12 PM, Volvobrick said:

Of course! Open legs big big properties confirmed huat forever! 10M population here we come!

Which includes 2m FW staying at Pulau Punggol Dorm🤭

[Wt_know]

so how?  

 

[Throttle2]

https://vt.tiktok.com/ZShKe7wtk/
 

😁😁

[Ginyu]

Daydreaming, so free no need to work🤣

Edited May 27 by Ginyu

[Ginyu]

high income earners  are  living high life with zero savings🤣

 

Edited May 27 by Ginyu

[13177]

On 5/27/2025 at 4:23 PM, Ginyu said:

Many high income earners  are  living high life with zero savings🤣why like that because want to haolian and cannot lose face.

 

Cannot understand and believe how come high income earners can have zero savings? How high is their living? If their income is 30k per month, they can spend all the 30k?

[Wt_know]

On 5/27/2025 at 4:36 PM, 13177 said:

Cannot understand and believe how come high income earners can have zero savings? How high is their living? If their income is 30k per month, they can spend all the 30k?

it's true ... there are many stories shared in youtube, particularly HK and PRC

many high fliers when they lost their job, the fall into financial difficulty

during hay day, they upsize their property to multi-millions, drive luxury car and even 2-3 cars, tai tai buy hermes and husband drink $5K a bottle wine

[Ginyu]

On 5/27/2025 at 4:36 PM, 13177 said:

Cannot understand and believe how come high income earners can have zero savings? How high is their living? If their income is 30k per month, they can spend all the 30k?

If earn 30k then live like peasant meh? Of coz live like multimillionaire la as long got bank willingly to lend  the extra money to spend song🤣

 

Edited May 27 by Ginyu

[Ct3833]

On 5/27/2025 at 4:36 PM, 13177 said:

Cannot understand and believe how come high income earners can have zero savings? How high is their living? If their income is 30k per month, they can spend all the 30k?

There are high income eraners who have lots of saving also lah, lets be fare  to them and not to generalise them. I am poor but i am not the sour grapes type when come to richmen discussion.😄

[Volvobrick]

On 5/27/2025 at 7:08 PM, Ct3833 said:

There are high income eraners who have lots of saving also lah, lets be fare  to them and not to generalise them. I am poor but i am not the sour grapes type when come to richmen discussion.😄

This group keeps very quiet de.... 

 

[13177]

On 5/27/2025 at 5:46 PM, Ginyu said:

If earn 30k then live like peasant meh? Of coz live like multimillionaire la as long got bank willingly to lend  the extra money to spend song🤣

 

Not say live like peasant la but not spend every single cents and no saving at all lo. Even save $100 per month also consider saving.