Quote:
Originally Posted by Unregistered
With cheap financing, why not? Lots of people drive BM when their pay is only 60k. Lots of young couples buy condos when their combined pay is less than 100k. They are still enjoying life cos the music hasn't stopped. Maybe it will never stop. Lucky chaps. The prudent ones are postponing their happiness, maybe forever.
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No wonder oct 28 ST reports that the average car loan in sg is $85k.
I also read recently total outstanding mortage loan in sg is growing at >20% per year which is much greater than inflation+gdp growth.
A recipe of disaster...