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Fast information to promoting your Future

Just lately had a dialog with a pal about his housing plans. As he outlined his masterplan to me, all I might consider was: What an excellent option to promote your future!

Right here’s the fast information (narrated by him, summarized by me)
Unload your present HDB/EC/sponsored mode of dwelling as soon as the obligatory stay in interval is up (5 years)
This apparently nets you a revenue (understand the gov subsidies, benefit from the inflated gross sales worth internet of the curiosity funds and so forth)
With this revenue, you now have a bigger down cost out there (more money in hand) + You possibly can go proper forward to imagine you'll certainly be incomes extra within the coming yr
Purchase a spot 3 times as giant (or costly) as the present place you're promoting. Down cost shouldn't be a problem, so are the newer mortgage funds – as a result of your job goes to pay you extra proper?
Its an outstanding funding – correctly costs will SURELY rise, and all you must do is sit again and settle the mortgage funds whereas your pay SURELY will increase because the years go by.
Humorous how the objection “I'd lose my job sooner or later and can't afford the premium” solely crops up relating to shopping for insurance coverage.

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