Quote:
Originally Posted by Unregistered
What I don't understand is why those who can qualify for EC not go for EC? The qualifying salary ceiling is $12k pm.
Why stretch your finances unnecessarily and compete out of your league. After taking out a huge loan for the condo, you will be hard pressed to follow through with a car to keep appearances with your neighbors. All these are unnecessary.
Live within your means and your life will be happier. There is enough stress from work already, no need to take on more on the home front!
|
I agree w your thoughts. Many sgreans are clearly gambling with their retirement and it only takes another crisis for people to wake up again. Property prices in sg are clearly over the roof and I know many who entered in recent years are going with a lot of hope - thats all. The maths does not add up. I am not a sour grape (I've stayed in condo for many years and can do away it anytime), just a realistic grape. Usually people need to go through their life experiences rather than learn from others experiences. As they say, best medicine are bitter.