Quote:
Originally Posted by Unregistered
I'm not the poster of that claim, but I work in BB MO/BO.
Depends how expensive you want your condo and car to be.
At a base salary of slightly >100k per annum. Within 5-6 years, I am able to afford downpayment for a 1.5m condo + a decent continental car by myself if I want.
Of course, tanking the monthly installments is a challenge if you're doing it by yourself (about 40-50% of your take home pay will go to loan/mortgage payments), but definitely doable.
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The mortgage will make you miserable every month. Once retrenched, you need to think of a way to survive.