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Old 03-08-2014, 10:21 PM
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Originally Posted by Unregistered View Post
Well done, you are financially prudent. You should maintain staying in public housing, it may not be safe for you to buy a condo which typically requires a combined income of $400k pa to be safe to buy a condo. Some more, you are the only one working. At your age, you can be retrenched any time since you are expensive. In fact you should consider downgrading to a 3 room HDB flat so that you have more money in hand. So, if you got retrenched, you have enough money to survive. Don't take high risk at your age, it's too late. Be prepared for retrenchment any time.
400k is not enough, only 600k will be safe. Also 3 room flat too dangerous, should go for 2 room flat to have even more money in hand.

Retrenchment not only risk out there. Stock market crash, property market crisis, world war 3 might come. Cannot risk it.

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