You're a sore loser. Even though he earns lesser than you, he is richer than you since he owns a condo in a upper class location, paid up in full. You're still servicing your
HDB loan! His family net worth is most probably more than $1m, whereas your family net worth could be just $200k or lesser since you still have plenty of mortgage loan to clear. So please, don't look down on others. Btw, you're still living in public housing, abode for the lower income group. Low class.
Quote:
Originally Posted by Unregistered
Haha! Household income only 100k pa at 46 with 2 schoolgoing children think your social status has been upgraded and people look up to you just cos you live in a $1m condo in Upper Bukit Timah? How small is your condo unit? 1 or 2 room? I seriously hope that whoever wrote the above is joking! Even if you do not spend any of your 100k pa income until you retire at 62, you will only be able to save $2.6m. When you retire, most probably have to downgrade again? So wats the use of buying a condo when in the end, you can't afford to keep it? I really wonder, are there really people who think they have made it just because they own a condo? Btw, me and my wife are in our very early 30s and our income is more than double yours. However, we bought a 5 room flat as our first home and are slowing building up our assets thru stock market and unit trust investments. When the time is right, most probably will invest in another property after we clear the HDB loan. Will probably retire at 55 to enjoy life. So, does this mean that you have more class and enjoy a better lifestyle cos you live in a condo? I seriously doubt so! Anyway, I still think its a troll who wrote the above. If it was, nice one, I had a good laugh! ;p |