Quote:
Originally Posted by Unregistered
42, earning $5k pm. Wife, 40, earning $6k pm. We are thinking of selling our flat to upgrade to an EC. It has been our dream to own a condo. We can buy a nice EC for only $700k (3 bedroom). We can loan 80%. After we sell our flat, we will have some cash to do some renovations and change our current car to a new one.
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Your combined income is only $11k. Are you willing to pay $70k for a piece of paper to buy a new car today? or will you wait for it to drop to $30k?