Private or HDB?
It is really tempting to pay for the down payment and begin to think I could enjoy the facilities (pool, gym, balcony). Over time, I weighed the pros and cons of the decision and it is slightly tilted to the side of going for a HDB with the aim of keeping costs and loan premiums low.
It is daunting (at least to me) to have to take up a loan and be stuck with it for the next 20-30 years, with so much uncertainty on what lies ahead even in 3-5 years time. I guess the mind has not been conditioned to think of accepting debt as I have been building up a sizable saving (not alot, but important thing is I am making progress to build a safety buffer for any mishaps).
Therefore, a HDB is less risky and in terms of valuation, it is way more attractive per square feet.
Will there be a regret as I continue to wait until the right age to finally purchase the home at a more expensive price in the future?
On Finances Goal by end of 2022
I have been tracking and setting up a goal offline on the total net worth (cash + investment portfolio). There is a high chance of hitting the 300K mark and I have set it as a goal.
It is another milestone and something I could not even fathom since the beginnings this journey of personal finance and reading up all the finance blogs with bloggers having 6-7 figure portfolios.
Fingers crossed on being able to increase the take home pay as my experience grows to build a bigger retirement nest egg :)
Hope everyone out there will have a smooth journey in the remaining months as well!
