Quote:
Originally Posted by Unregistered
To loan 300k, we probably only need to pay $700 per month and I don't foresee that we will need to sell it even if we both lose our jobs... Understand from close friends who are property agent that usually people with combined 8k/month does it this way... My job is stable but probably not my partner's. We will eventually downgrade when our children grow up so probably need not take 25years... What's your portfolio like by the way?
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We are an average middle income PMET couple, earning only a total of $193k pa. Not much compared to those in this forum. Our residence is a two bedder condo which is worth $900k, which we have fully paid. I drive a luxury sedan. We have cash,
CPF savings and stocks. Our combined net worth is only $1.5m. Btw, we are in our late forties. What's your household net worth?