No Debt is Always Good.
Before anyone mentioned about Opportunity Lose which can be a double edged sword.
I am not saying one should not borrow to buy a roof over their head.
In fact, you need to borrow to buy a Roof over the head in Singapore.
The problems only start when one borrow just to be able to BUY but without a plan (no. of years) to clear the loan.
Yes. You can buy the property for capital appreciation or rental yield.
If this property is your only roof and you have to downgrade or purchase another appreciated property to stay in, the game might not be to your advantage if you are still in Debt!
The same goes for Second Property, as long as the Debt existed, the Property belongs to the Bank.
P.S. Debt Free is a Beautiful Word Many use but in Actual Fact it is No Debt.
Invest Safely Everyone!
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