Quote:
Originally Posted by michaeljordan321
hi all, first post seeking for advice. 31 years old this year, earning 30k a month. total 360k a year.
is it true that maximum i should pay is 5x 360k for a condo?
which is around 1.8m and i should not stretch further? i think i can pay off the condo within 6 years by putting 200k per year into the house with 500k down payment.
i got no car. work from home and usually take bus and mrt. currently got 500k of savings.
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Is your 30k a month the base pay? Are you in banking/markets where the job can disappear at a moment's notice?