I feel like a teenager again
We've moved out of Coronation Grove yesterday - and it was messy enough that I don't want to do this on a yearly basis. Gene's got a more advanced form of moving allergitis... he's now declared that we're buying a place so we don't have to move again. *Roll eyes*
I still think buying a place is just financially completely imprudent in this day and age.
Buy a place for 600,000? A 30-year-loan will mean that you pay the bank the same amount in interest so total cost of home $1.2 mil.
NOT counting renovation costs and furnishing costs.
Anything happens to you during that 30 years and you're screwed; no more house cos bank repos the mortgage.
And if nothing happens to you in the 30 years? Good on you, you can look forward to retirement except wait, your CPF is WIPED OUT.
You'll be left with something that has depreciated AND, to add insult to injury, you need to cough up more $ to renovate every now and then.
The only way that a permanent house is going to happen is if we're flush with enough cash to take a really short 10 year loan.That gonna happen? Hahhahahha *hysterical laughter*
Alright alright, enough with the ranting. Right now, back in my room at my parents. I feel like a teenager again. Try not to stay up too late cos it will disturb em; and nothing too loud. Must tell them where I'm headed.
Except, there are really nice bits - laundry, great cooking, cable Tv at no cost.
Yay.
I still think buying a place is just financially completely imprudent in this day and age.
Buy a place for 600,000? A 30-year-loan will mean that you pay the bank the same amount in interest so total cost of home $1.2 mil.
NOT counting renovation costs and furnishing costs.
Anything happens to you during that 30 years and you're screwed; no more house cos bank repos the mortgage.
And if nothing happens to you in the 30 years? Good on you, you can look forward to retirement except wait, your CPF is WIPED OUT.
You'll be left with something that has depreciated AND, to add insult to injury, you need to cough up more $ to renovate every now and then.
The only way that a permanent house is going to happen is if we're flush with enough cash to take a really short 10 year loan.That gonna happen? Hahhahahha *hysterical laughter*
Alright alright, enough with the ranting. Right now, back in my room at my parents. I feel like a teenager again. Try not to stay up too late cos it will disturb em; and nothing too loud. Must tell them where I'm headed.
Except, there are really nice bits - laundry, great cooking, cable Tv at no cost.
Yay.
oooo girl i miss you already! That's not much coming from me, since we are not in the same country now, but minisnowta sounds further...
got mum over here now so i am living the pampered only child life... till friday when exams end and i've promised to help with chores. enjoy it while you can!
Posted by
wyjunkie |
18:47