🏠 To Buy or To Invest in Passive Income?

I came across an online article and people were debating fiercely about 

💰 When you earn your first million dollar (HKD) or (SGD 180k)

Should you 

📈 Use it as a downpayment to buy a Property first

Or

📊 Invest in Passive Income?

It’s interesting to see these types of articles become so popular.

🇭🇰 Especially in Asia/Hong Kong, property has always been a popular topic for many years.

Some argue that

- The property market will keep falling. So it is better to invest for passive income now

- Investing for passive income is better because I do not want to serve my 30 years of life for a mortgage

- Even if I do not own a home, I can still rent until I die.

Others would argue that

- It would be better to invest for a home because inflation will reduce the mortgage payment for 30 years.

- Landlords tend not to rent out to elderly. Hence it would be better to own your home..

🔥 To be honest, I believe it is very easy to solve this question (Feel free to comment if I am wrong)..

The solution is 

⚖ Why not both?

💡 Make another million so that you can 

Put the first million as the downpayment

Then another million for passive income

Or 

if it takes too long to make 2 millions, let’s lower the target to 1.5 millions, and set aside 750k for each

📚 Here is my rationale why everyone should own one property (Again - feel free to comment if my thinking process is wrong)

✏ Owning one property means you are neutral about the property market 

✏ Owning no property means you are shorting the market

✏ Owning 2 means you are longing the market

✏ I really believe as a landlord - I’d rather rent out my property to younger people than elderly who are at their 80s or 90s 

✏ That’s why it’s important that I have at least a place to stay when I am 70/80 years old…

There is no right or wrong answer.

The ideal scenario is always have both!

🔑 A place to stay and a strong cash flow.

What are your thoughts?

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