Originally Posted by Unregistered

What I don't understand is why those who can qualify for EC not go for EC? The qualifying salary ceiling is $12k pm.

Why stretch your finances unnecessarily and compete out of your league. After taking out a huge loan for the condo, you will be hard pressed to follow through with a car to keep appearances with your neighbors. All these are unnecessary.

Live within your means and your life will be happier. There is enough stress from work already, no need to take on more on the home front!