Interesting question. When you don't have it, you dream. BUT When you have it, you still go back to work and argue with your boss for your yearly increment. :think:
Yes, everything in life would go bothways, wouldn't they? Do you stop going out just b'cos you may get knock down by a drunk driver? Do you stop flying cos airplanes can crash? Do you stop taking the boat cos Titanic sank? NO, right? Just the same as property investment of any other investments for that matter. It's all about calculated risk and doing your homework and most importantly -TIMING! Probably that's why there are so few millionaires in the world...
park it in investment with 6% yield. Live happily with 60K annual salary + current job...maybe upgrade to a bigger HBD flat and pay off with yield. think kinda dumb to put it into a condo...$1M condo still quite small..No difference from a masionette.