- 1. Remember you’re “locked-in” for a few years, and we’re not referring to the mortgage
- 2. Your workplace may change sooner than you think
- 3. Think twice about accepting your parents’ help
- 4. It often means you can’t own a car
- 5. Your biggest risk is often wiping out your savings for the down payment
Honest response now: how many of you immediately asked “If not rich how to buy property in my 20’s” the moment you saw this headline? That’s one of the things we’re going to talk about below. The fact is, plenty of Joe-Average, middle-income Singaporeans do buy their first flat in their 20’s; and some even start with a condo (usually with parents’ help though). For these young, non-wealthy home buyers, there could be potential painful lessons in store; which is why it’s better to read this and learn from other people’s experiences:
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