I read your reply with disbelief and sadness that you could be so cocky and arrogant when someone is kind hearted enough to point out your blind spot in financial matters.
It just go to confirm that people are arrogant and boastful not because of their wealth but because of character flaws.
Your HH income of $150k pa when divided into 2 means that each of you only earns $75k pa which after deducting bonuses gives you about $5k pm. This is the figure that the government considers as borderline case for housing subsidies if you were single.
I have come across people like you who are dense and have foolish pride. Hard to help, but sad to see them suffer.
Quote:
Originally Posted by Unregistered
He did not provide good advice. He is either stupid or jealous.
$150k pa is not a lot but the point is, the guy has no more condo mortgage. His mortgage service ratio is ZERO. So he is totally ok financially to enjoy living in his condo, which offers prestige, facilities and security. His $150k pa household income still allows him to save every year. Not forgetting, his CPF can grow because no more mortgage to pay. So, what's the problem? There is no problem.
He is better off financially that those with income of $250k pa but burden with $1m mortgage! |