Hi AK,
I chanced upon your blog recently while searching for landed property and found your blog very interesting.
I would like to have your opinion on my property search.
I am in my late 40s and owns 2 condos in the OCR with my wife.
One of the property is fully paid off and rented out. The other property where we live in, still have a loan of $800k for 20 years.
I am confidence of paying off the loan when I reach 55 because of the rental and we have a combine income of more than $20k per month.
We are considering selling off our 2 condos and purchasing a landed property. I did my sum and conclude that we still can have the similar loan of $800k if we purchase a landed home at $2.2 mil.
Now my Questions
1) Does it make economic sense to swap 2 condo for 1 landed if everything remain the same or similar? interest rate, loan ......