facebookWith inflation driving home prices higher in 2022 and likely to continue through 2023, how are you coping? - Seedly

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Anonymous

14 Oct 2022

Property

With inflation driving home prices higher in 2022 and likely to continue through 2023, how are you coping?

Housing is getting more and more expensive, which is difficult to afford a home. This will likely continue through 2023. Can the Seedly Community give me some advice on this?

Discussion (29)

What are your thoughts?

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Go for BTO if possible.

Wait if you can - the cooling measures may take time to kick in.

Downgrade to smaller or older HDBs.

Don't buy anything you cannot afford - it will become a future liability/burden.

We already need an income to pay for our daily expenditure, housing (+reno, utilities, property tax) will add to this burden - must therefore plan, calculate and work within your means. It's part of adulting too...

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I am coping well since already home owner of good choice resale HDB unit. Debt free and trying to live cost effectively.

Javier Tan Yan Kai

18 Oct 2022

Actuarial Analyst at AIA

Try to plan a budget and go for more ulu area first

I personally find housing price very unaffordable for me and my partner. Our income collectively is not very high and I am struggling to find a way to finance it. Any suggestions?

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Whenever HDB announces a huge supply of BTOs, the volume of transactions drop for resale. As the vol...

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