Dear Stacked Homes My wife and I are avid readers of your site. We appreciate your candour and good advice (and writing!). We're in a bit of a predicament and would appreciate some advice. Background: we are in our early 30s with two young children and a helper. We earn in the low $400,000s and currently stay in a HDB...
My wife and I are avid readers of your site. We appreciate your candour and good advice . We're in a bit of a predicament and would appreciate some advice.
Problem: We are looking to upgrade to a terrace house near any of the following MRT stations: Upper Thomson, Bright Hill, Marymount, Bishan, or Lor Chuan. Reasons for this are proximity to schools and family. Factoring in future income growth, we believe we can comfortably afford something in the $3.6m range, but most decent condition terraces are now priced upwards of $4m.
In the near term , we don't mind not living in the landed property since we don't need all that space now, but are concerned about being priced out if current appreciation rates continue. Or put another way, would these appreciate more than the terrace houses we are looking at, allowing us to better afford it at that time?Hi there,Having more than $1M in CPF and cash in your early 30s is undoubtedly an impressive achievement that places you in a favourable position. Nevertheless, we acknowledge that the decision-making process is still just as challenging due to the high-interest rate environment and the continually increasing land costs.
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