Quote:
Originally Posted by Unregistered
I am not sure about your generation. I am in my late 30s and I know many people became rich from property and stock, including myself. So far, I have never seen any one who ended up staying in rented 2 room flats except those who earned little and/or gambled their money away foolishly. Overleveraged is when u buy many properties and cannot even afford to take a 20% drop in prices. To assume a 50% drop is like telling people to save at least 50% cash of the property price before buying.
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My wife and I are in our 30s. We are in fact trying to save up 50% before buying our first condo (now staying in
HDB). You seem to suggest that 50% is excessive. In your opinion, what's the usual % that other couples save?