Those youngsters earning $4k pm, for couple $8k pm, if they buy a condo, most likely they have profited from selling BTO flat and stay in ECs. I don't think they take $800k mortgage loans. This is financial suicide.
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Originally Posted by Unregistered
Nobody is asking you what you want to do. The above poster is just reporting the fact that many low paying youngsters can afford condo as well because the monthly payments are manageable. Do you even understand what is being discussed or just want to argue for the sake of argue?
I work in a stat board and about 1/4 of my non-scholar colleagues who are at my level earning 4-6k are married and stay in a condo. A condo is easily affordable for most PMETs honestly, just that some are more conservative and choose HDB even if they can afford while others go for leverage and stretch their finances for a condo.
Quite surprising in this day & age still got people fantasize staying in condo means you have made it big. Maybe during the 1980s yes, but now is so common it means nothing. |