Should I use CPF for my home purchase is the wrong question to ask !
A nother article on CPF and housing? You might be asking. Well yes… there are many articles on this topic and recent flurry of bloggers weighing in on this issue, some of whom I follow and respect their point of views. And no I do not have the answer for you. What I want to do today is reframe the question to help you find the answer yourself and along the way, get something out of this thing we know as “CPF”! I am sharing lessons I learnt based on my personal journey using both CPF and cash for my housing. So it is from hindsight, and again everyone's situation is different. However, there are always key lessons to take away. To start off, whether one should use CPF for housing is not the right question to ask. If you see your OA as a "bank" - when you use OA funds to buy a flat or invest, you are borrowing from yourself at an interest rate of 2.5%. Hence, the question to ask is what is the best way to fund your p...