Thank you to the last two posters for their responses! FYI, I already have a BTO lined up and probably be paid in full by my parents. But of course, I will pay them monthly mortgage at prevailing rates. This would my
CPF untouched, but obviously reduce my disposable income.
But notwithstanding that, the last poster's calculations are very reassuring.
Wondering if anyone have differing opinions?
Quote:
Originally Posted by Unregistered
9k/mth is more than enough to own a car + hdb, go restaurant n go holiday once a year. nt immediately unless u have some cash savings, nt a new hdb as u probably need to get resale, n nt a new car also.
second hand car @ 50k for 3-4 years left, resale hdb in less popular areas for 400-500k. restaurant meals only 100 x 2 max, holiday 5-6k for a 1 week holiday in asia.
most dispensable thing is obviously the car. without it, u can still get a 500k hdb in less popular areas but still 30 mins to cbd via mrt. 20% downpayment of 100k in cash, monthly mortgage covered by ur cpf contribution. 9k - 1k cpf = 8k take hm, more than enough to eat restaurant every week, go holiday, and still save for retirement. the average ppl in sg are dual income and earn below 10k n they survive well. |