I’ve always wanted to own my own HDB flat before I turn 35, but it seems now that I’m unlikely to achieve that goal.
I’m not particularly well-off and the HDB rule is married then can buy or wait till your 35.
I know that if I could get a loan from HDB, I could make the purchase before 35, but the rules are stopping me.
Dream shattered
When I was younger, I had dreams of being able to purchase a flat before I was 35 and never having to pay off a loan until my hair was all white.
It was a nice dream and I held on to it for a long time. I can remember being in school, dreaming about the day I could buy my own flat and never having to worry about loan repayments.
Unfortunately, reality has set in. The cost of HDB flats has risen significantly over the last few years and I just can’t afford one.
I know that there are some grants and subsidies available, but they won’t be enough to get me to my goal. Even if I were to get a loan, I would still need to pay a mountain of debt until I’m like 55 or 60.
I understand the importance of a flat, and the security that it provides, but the thought of being in debt for the rest of my life is a bit much. I want to be able to buy my own flat and not worry about being in debt. I want to be able to enjoy the security of my own home without having to worry about loan repayments.
So, what can I do?
Find a girlfriend and get married? I am not the most handsome or rich man so I will not be able to do this anytime soon.
I have also been considering the possibility of renting instead of buying. I know that this would mean I don’t get the security of owning my own flat, but it might be the only option for me. I could rent for a few years and then save up enough to purchase my own flat, but I’m not sure how realistic this is.
At the end of the day, I know that I won’t be able to achieve my dream of owning my own HDB flat before 35 and never having to pay off a loan until my hair was all white.
But, I am still determined to find a way to make it happen. I’m not sure what the best option is, but I’m willing to explore my options and see if I can make my dream a reality.