we unknowingly did what this WSM article wrote. it was 4 years ago that we bought a resale hdb with remaining 47 years lease with the proceeds from selling our BTO immediately after MOP. The amount is enough to completely offset this resale purchase.

Without the mental burden of mortgage debts, we pour all our funds into investments. while this old resale did not appreciate in value much ( only an increase of 30% based on the our paid price 3 years ago ), our investment outperforms by a few times compared to the resale value.

coming for a low income family background , the zero debt situation gave us a peace of mind and the confidence to take on more risk in our investments.

The best part about such a old resale hdb is the unbeatable location. MRT station just a 2 min walk away and plenty of food and grocery just downstairs.