Originally Posted by Unregistered

No problem. If you sell your flat, you have lots of cash as downpayment, so your loan will not be high, the most $250k, which is manageable with your $100k pa HH income. Loan/income ratio only 2.5x.

There is this foolish forumer whose HH income is only $120k pa (only breadwinner, his wife is not working), yet his loan is $1.2m !!!! Crazy !!!! Worse, some stupid people still encourage him. If the market crashes and he loses his job, he will surely be bankrupt and begging on the streets.