Lol, the tool doesn't say about age of the households, which can be an important factor. For example, I think the higher HH incomes could be because of more mature families meaning those already in their late 40s and 50s. People who are in senior positions and thus earning more.
While at 48, you are not exactly young anymore. If you don't see yourself climbing up the career ladder and thus earning more, then you are in the wrong crowd.
Have you ever wondered why your neighbors have 2 or more cars? It is because they could afford them.
The tool also doesn't consider the passive incomes the condo dwellers have which could add substantially to their overall income. Already in related forum, you can see many forummers saying their passive incomes hit $100k pa and above.
So the gulf can be indeed big!
Quote:
Originally Posted by Unregistered
Our household income today is $12,336 pm. We upgraded from our flat to condo in 2006. Bought the condo for only $600k and now it is worth $1.1m and now it is paid up. Our other assets comprising cash, cpf and stocks is worth $700k and hence our net worth is $1.8m. We are now 48/40 yo.
Based on the survey, we are supposed to be living in a flat. What should we do? Should we sell our condo and go back to staying in a flat since the survey said so? Pls advise. Thank you. |