Quote:
Originally Posted by Unregistered
40/41. Bought a condo for $900k. Loan $700k.
Own car, paid up. Holidays twice a year. No maid.
Sole bread winner, $130k pa. Wife housewife.
One child, 2 years old. Combined net worth $600k.
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This will not come across as nice, I must admit.
130k pa HH income is probably on the 60th percentile mark.you can check out the ranking toolin this salary.sg site.
It is unwise for a 60th percentile family to stay in a condo UNLESS Your wife is just temporarily a housewife and she plans to work again soon...