Update update.
We managed to get a flat at Dawson recently (supersuper lucky thankyouthankyou) so i guess we'll be moving in if we get a good unit. There seem to be a lot of hype going on about Dawson, and i know at least 5 friends who applied for the same. Upon doing much research (ahem hardwarezone.com sexciting!!)
I discovered that (!!!!) most people who applied/successful in their ballots are courting couples in their mid-20s (like me although i refuse to admit) and some have not even graduated (like my 'FIANCE' hahahahha) and they are all excitedly buzzing around claiming to be chopping LOFT UNITS that cost at least 500k and i really wonder how people just KNOW that they can afford things.
I was super apprehensive about this whole 400k 83sqm thing because i did not want to be coughing out blood every month and continue to live a frugal life just to pay for the roof over our heads but don says we can pay by cpf but that's assuming i draw a much higher income in 5 years than what i have now plus he's earning a neat sum but HOW TO ASSUME THIS KIND OF THING???
That's like placing a bet that i will be rich in future.
Then they say it's a good investment blahblah can make a tidy sum after selling BUT DO YOU KNOW THAT you are buying this piece of tiny land at record price and again you are ASSUMING price will go up but what if the bubble bursts?????
Therefore don't buy JUST to speculate, but only if you foresee yourself living there for many years.
So i'm thinking if the worst happens eg. property prices dive/you can't find a job after graduation/your gf breaks up with you, within these 5 years as they are building your dream home (which is completely possible when you are only 24), you won't be able to move in anymore and i wonder what really happens after that. They will be at least 20k poorer or x2 if this is not their first home. WOW.
As you can see i'm being a funny negative person here but it's 20k helloooooooooo but i shall put my trust in all these people on hardwarezone.com and believe in my life being completely smooth sailing in years to come.
Of course plus some extra hard work :))))))) I guess in order to achieve something there has to be many sacrifices made.
HURRAH! I'm excited finally getting my own place although that's still a long time away.
Labels: daily grind
