Quote:
Originally Posted by Unregistered
Not in financial sector. I'm in FMCG and my wife's in HR. Actually already doing what you proposed. I have 3 invt properties, have already sold one given the CM. Left with 2 which I'm comfortable with.
Even if both of us were retrenched, we anticipate that we can live off savings and pay the mortgages for another 7-10 years so unless we are extremely unlucky it shouldn't be an issue.
Downgrading to a 3 room flat is definitely an option but given my family size, prefer to stay put in my current flat. Already using public transport on weekdays, car is red-plated and used for ferrying kids on weekends.
Better be safe than sorry...
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At this income level, I must say you are very conservative.