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05-03-2013, 11:05 PM
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Administrator
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Join Date: Jun 2009
Posts: 286
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Compare your household income
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09-03-2013, 08:08 AM
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Super Member
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Join Date: Aug 2010
Posts: 335
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Quote:
Originally Posted by admin
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how does one calculate household income ?
just add all working members salaries in one family ?
i feel this is a poor indicator as it seems very easily distorted. based on average monthly income of 35k for private properties less montly expenses say half u get around 12k cash after cpf deduction. assume u dump everything to property, i think it still takes 15 yrs to get a simple landed property.
dont think that is reflective of the state of landed property owners in sg
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09-03-2013, 01:36 PM
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Quote:
Originally Posted by lazyplane
how does one calculate household income ?
just add all working members salaries in one family ?
i feel this is a poor indicator as it seems very easily distorted. based on average monthly income of 35k for private properties less montly expenses say half u get around 12k cash after cpf deduction. assume u dump everything to property, i think it still takes 15 yrs to get a simple landed property.
dont think that is reflective of the state of landed property owners in sg |
Quite correct. My income is only 16K and wife not working but at age 36 we own a $2.6M landed and debt free due to gains from earlier stock and property investments.
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09-03-2013, 02:01 PM
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Quote:
Originally Posted by Unregistered
Quite correct. My income is only 16K and wife not working but at age 36 we own a $2.6M landed and debt free due to gains from earlier stock and property investments.
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Maybe you aren't the average.
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11-03-2013, 09:56 AM
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All these governement numbers all very undervalue one. They are purposely making the number look so low that most PMET will feel very good about themselves and not cause trouble politcally.
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11-03-2013, 09:51 PM
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Super Member
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Join Date: Aug 2010
Posts: 335
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Quote:
Originally Posted by Unregistered
All these governement numbers all very undervalue one. They are purposely making the number look so low that most PMET will feel very good about themselves and not cause trouble politcally.
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Prove it. Also tell me which numbers from where u believe then.
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