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Reader says...
A lot of people like to buy property for investment only.
I don understand.
To get 4% yield is hard on properties
AK says...
I dun understand also. 😛
4% is a dream... 3% (gross yield) is already very good. 😉
And if cannot rent out, it is not 0% but negative because still must maintain. (Vacancy rate is so high now) 😛
Ask these people to buy Martin Modern by Guocoland, OK? 😛
http://www.martinmoderncondo.sg/
(Yes, I know. Bad AK! Bad AK!)
Reader says...
My mom 5 years ago bought a condo on impulse.
The rental from initial $2,750 drop to current $2,200.
Still must pay maintenance, property tax, tax on the rental income etc.
Negative return.
AK says...
Aiyoh.
Older folks even more so should be more conservative... 😞
(See related post #1 below.)
Related posts:
1. Condo investment is a drag.
2. Buy 2nd property and pay ABSD?
3. Bought multiple properties and...
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| https://singaporeanstocksinvestor.blogspot.com/2016/05/how-much-money-can-you-save.html |
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