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Old 05-08-2021, 08:04 AM
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Originally Posted by Unregistered View Post
Can we stop acting like 2.5k vs 10k is a big diff? Even if you earn 300k a year you are still gonna take 5 years without eating or paying taxes to buy a decent sized condo for your family. Unless you are cool with a studio apartment for your wife and kids. Oh yeah and don’t for get it excludes your Maserati. Direct your anger at inflationary pressures and full fledged careless monetary policies please.
This is just ridiculous and deserves mockery. 2.5k vs 10k per month is a BIG difference. With 2.5k, there's 0 chance of you buying a condo, not even a mickey mouse studio unit. At 60% TDSR, a 6k mortgage loan based on a $10k salary can comfortably service a 3 bedroom resale prime district condo.

With 2.5k per month, you better forget about starting a family, your child is just going to suffer financially in this world. The average cost of bringing a child up till 18 years old is $400k, that's over $1k per month in expense just for 1 child alone. What about your expense? What about your HDB mortgage? How are you going to raise a family on $2.5k per month? It's different for someone living on $10k per month, their child can live comfortably and most likely would be able to go to an elite primary school (eg NYPS, ACS, etc) based on their's house 1km proximity.

Who made the requirement for having a Maserati? How many Maseratis do you see on the road? To start with, no self-respecting Investment Banker would drive a Maserati - it's an Ah Beng's car - Investment Bankers won't be caught dead in one. As an analyst or an associate, it's not a problem driving a Mazda Type 3. They're not client-facing at that level so the cars they drive don't matter, only VPs & above are expected to drive fancy cars because they have business development responsibilities.

Plently the most ignorant post I've seen around here. I'd love for you to tell someone who makes $2.5k per month that making $10k is not a big difference. Such a stupid motherhood statement, it clearly reflects someone who has not been through the working world and of someone who does not have any financial responsibilities. You an NSF or student?
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