Originally Posted by
EK-or-bust
Opted out in 2003, rented since then - never looked back.
Won'tpizyouov is probably right - have not heard of anyone get burned buying to live in it. EK pays for the mortgage over time. Even if you sell for half the price or less, still money in your pocket. Not the case for the sad sausages in Meydan Heights or South.
Why on earth would I let my employer dictate where I live??
Not being a smart ass here, but how would selling at half price or less still leave money in your pocket? What happens to paying off the mortgage when you sell? Or the deposit? As someone who is genuinely looking at this, it's a very different game to 2003 and I'm still not sure we've found the bottom yet.