Is this kind of lifestyle ok?
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My friend earns 7k per month. (Employee pass, no CPF).
condo rent - SGD2k/mth
car (including petrol/maintenance) - SGD400/mth (the rest company pays)
and a full-time maid.
is this kind of life good?
he refused to buy the condo because he said that he would have to pay 2-3K extra per month for installment.
what do you think? -
i think he should get a condo.
7 thousand dollars a month isn't that small, he should have enough for a condo just saving for a while. -
his life, his call......
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Why not? I think it's a personal preference... Cause end of the day, he can just leave anytime he likes and about renovations, maintenance and such..? There could be alot of hidden costs too if you own the condo yourself..?Originally posted by Glen999:My friend earns 7k per month. (Employee pass, no CPF).
condo rent - SGD2k/mth
car (including petrol/maintenance) - SGD400/mth (the rest company pays)
and a full-time maid.
is this kind of life good?
he refused to buy the condo because he said that he would have to pay 2-3K extra per month for installment.
what do you think? -
got money any kind of lifestyle also can.
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what he working as? 7k/mth...
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Depends on how his value system work. -
he is working as a manager in IT company.Originally posted by blowfish:what he working as? 7k/mth...
he said that if he pays 2k-3k monthly installment, his lifestyle will be gone.
I am confused as everyone i know keep asking me to buy HDB, Condo.
But, is renting a better option? -
Renting,in the end you will end up paying more..anyway its hard to start a family with a rented house all the way.Originally posted by Glen999:he is working as a manager in IT company.
he said that if he pays 2k-3k monthly installment, his lifestyle will be gone.
I am confused as everyone i know keep asking me to buy HDB, Condo.
But, is renting a better option? -
If you're intending to rent, then it would be feasible if it is only short-term.Originally posted by Glen999:he is working as a manager in IT company.
he said that if he pays 2k-3k monthly installment, his lifestyle will be gone.
I am confused as everyone i know keep asking me to buy HDB, Condo.
But, is renting a better option?
If you're going to settle down, then it would be more viable to buy it instead.
If you're renting, you're just paying off a fixed expense without any returns.
If you buy through installment, the condo is yours, a new asset as well.
It depends lah, if you live for the moment or live for the future.
Preferably i would go for the latter, if shit happens, at least you know you can still squeeze out some finance with the condo...