Yes, we know the price is steep.
(but we cannot wait another ten years property cycle)
Yes, we know private property prices are low now.
(but we are not able to service a bank loan comfortably compared to HDB loan – the prices are still out of our league)
Yes, I know there’s always the resale option.
(but the flats around my parents’ house are all at least 20 years old and very rundown)
Yes, I know I can get a bigger flat with a bigger floor area at a cheaper price in a less central location.
(but I do not want to buy a car as I see it as a liability that depreciates exorbitantly each year)
Yes, I know the DBSS scheme is bullshit.
(but because of all the reasons listed above, HDB is forcing me into it)
The key thing is, we also know we are buying a home; not a house nor an investment.
The TOP will be in August 2012. We hope we made the right decision when we signed on the dotted line to sell ourselves to HDB slavery for the next few decades of our lives.
Btw, just a side note – isn’t it ironic that one of HDB’s mission statement is “We provide affordable homes of quality and value”. Please lah.