Asd78 Clutched July 6, 2012 Share July 6, 2012 Why not? I only earn >5K a month and just bought a >1million property on my own! Good, I like your spirit.....if only everyone is like you...haha ↡ Advertisement Link to post Share on other sites More sharing options...
Cdior 1st Gear July 6, 2012 Share July 6, 2012 Just wondering , with the property going up north , at what combined income do you think an average Singapore can afford a Pte property > $1.2m comfortably ? EC > $1m for combined income of 12k is it too pushy / risky ? There is a lambo @ 218k. U can't drive Ur house out. Link to post Share on other sites More sharing options...
Darthrevan Supercharged July 6, 2012 Share July 6, 2012 minimum $20k/month to live comfortably..but that also meant not much savings either..its almost living hand to mouth Link to post Share on other sites More sharing options...
Wt_know Supersonic July 6, 2012 Share July 6, 2012 (edited) good question but there is no answer whether it's too pushy/risky/ok real life experience ... ah beng friend combine income $15K, bought a $3M (2 storeys) + 1 car (conti) + 2 kids + maid i don't dare ask how he survive and how did he get loan and how much loan i assume his parent sold their flat and live with him ... but that's only give him $500K-$600K headstart Just wondering , with the property going up north , at what combined income do you think an average Singapore can afford a Pte property > $1.2m comfortably ? EC > $1m for combined income of 12k is it too pushy / risky ? Edited July 6, 2012 by Wt_know Link to post Share on other sites More sharing options...
Poper 2nd Gear July 6, 2012 Share July 6, 2012 Hypothetically speaking, is it legal to buy a van and modified it to be a "mobile home"? Just a theory in this rocket high property market. Link to post Share on other sites More sharing options...
Animian Clutched July 6, 2012 Author Share July 6, 2012 I have a friend. his income about 6-7k a month. his wife sometimes work, but after a while will quit, then work again, then quit again. very unstable working pattern. has 3 kids and he needs to feed his mum. made money on his HDB about 300k. die die wanna stay in condo. stretch until dunno like what go and buy EC in punggol. I advised him against it but it's his money. I thought he has cash buffer from the sale proceeds of his HDB; end up he needed the money to pay off his unsecured loans and STILL WENT TO BUY A CAR. now modify the car like mad and spend even more money. I really hope they can pull thru. that is scary !!! Link to post Share on other sites More sharing options...
Animian Clutched July 6, 2012 Author Share July 6, 2012 There is a lambo @ 218k. U can't drive Ur house out. but neither can you stay in the car >12hrs :P Link to post Share on other sites More sharing options...
Sabian Turbocharged July 6, 2012 Share July 6, 2012 There is a lambo @ 218k. U can't drive Ur house out. can't shower in your car either. Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 6, 2012 Share July 6, 2012 Hypothetically speaking, is it legal to buy a van and modified it to be a "mobile home"? Just a theory in this rocket high property market. Buy boat and convert it into home lah. A few ang moh expats are doing it. Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 6, 2012 Share July 6, 2012 I have a friend. his income about 6-7k a month. his wife sometimes work, but after a while will quit, then work again, then quit again. very unstable working pattern. has 3 kids and he needs to feed his mum. made money on his HDB about 300k. die die wanna stay in condo. stretch until dunno like what go and buy EC in punggol. I advised him against it but it's his money. I thought he has cash buffer from the sale proceeds of his HDB; end up he needed the money to pay off his unsecured loans and STILL WENT TO BUY A CAR. now modify the car like mad and spend even more money. I really hope they can pull thru. How do you know he hasn't got any side income or income that's off the records? Maybe his wife charges $2k per night leh? How to know if he don't tell you? This type hor, IRAS also unable to catch. Link to post Share on other sites More sharing options...
Relacklabrudder 1st Gear July 6, 2012 Share July 6, 2012 EC so exp meh? I tot EC around 600-850k? Link to post Share on other sites More sharing options...
13177 Supersonic July 6, 2012 Share July 6, 2012 I have a friend. his income about 6-7k a month. his wife sometimes work, but after a while will quit, then work again, then quit again. very unstable working pattern. has 3 kids and he needs to feed his mum. made money on his HDB about 300k. die die wanna stay in condo. stretch until dunno like what go and buy EC in punggol. I advised him against it but it's his money. I thought he has cash buffer from the sale proceeds of his HDB; end up he needed the money to pay off his unsecured loans and STILL WENT TO BUY A CAR. now modify the car like mad and spend even more money. I really hope they can pull thru. I find many people now upgrade to stay in condo after they have sold off their HDB flat. Wonder whether these people really make a huge profits in their hdb flat and could help them in their condo, or their income really very high? Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic July 6, 2012 Share July 6, 2012 I have a friend. his income about 6-7k a month. his wife sometimes work, but after a while will quit, then work again, then quit again. very unstable working pattern. has 3 kids and he needs to feed his mum. made money on his HDB about 300k. die die wanna stay in condo. stretch until dunno like what go and buy EC in punggol. I advised him against it but it's his money. I thought he has cash buffer from the sale proceeds of his HDB; end up he needed the money to pay off his unsecured loans and STILL WENT TO BUY A CAR. now modify the car like mad and spend even more money. I really hope they can pull thru. deep tribute to your friends Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic July 6, 2012 Share July 6, 2012 How do you know he hasn't got any side income or income that's off the records? Maybe his wife charges $2k per night leh? How to know if he don't tell you? This type hor, IRAS also unable to catch. his wife is SNSD type face is it? how come charge so ex lol Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic July 6, 2012 Share July 6, 2012 Hypothetically speaking, is it legal to buy a van and modified it to be a "mobile home"? Just a theory in this rocket high property market. abor u buy mini bus more comfy? but again its even worse cos only last for 10 years and tax higher than HDB, suggest u to buy one room HDB better Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic July 6, 2012 Share July 6, 2012 good question but there is no answer whether it's too pushy/risky/ok real life experience ... ah beng friend combine income $15K, bought a $3M (2 storeys) + 1 car (conti) + 2 kids + maid i don't dare ask how he survive and how did he get loan and how much loan i assume his parent sold their flat and live with him ... but that's only give him $500K-$600K headstart ur ah beng friend must have lots of good lobang Link to post Share on other sites More sharing options...
Poper 2nd Gear July 6, 2012 Share July 6, 2012 I find many people now upgrade to stay in condo after they have sold off their HDB flat. Wonder whether these people really make a huge profits in their hdb flat and could help them in their condo, or their income really very high? I think these people (most likely 1st owner) sold their HDB flat and keep the profit as cash.. Since they would have accumulated more CPF over the last 10-20 years, and if they cannot downgrade, they will go for Condo? Link to post Share on other sites More sharing options...
13177 Supersonic July 6, 2012 Share July 6, 2012 I think these people (most likely 1st owner) sold their HDB flat and keep the profit as cash.. Since they would have accumulated more CPF over the last 10-20 years, and if they cannot downgrade, they will go for Condo? Maybe true, i notice those people who stay in 5 room hdb flat, usually they will buy condo when they sell off their flat. ↡ Advertisement Link to post Share on other sites More sharing options...
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