yowetan - By any chance, your household is making 7-8k basic monthly but not inclusive of commission and/or very good annual bonuses?
Or is 7-8k taken from the annual pay inclusive of everything? I'm 30, took a loan of 700k over 35 years and already concerned about paying it off with my solo monthly of 7k. Single, not married so i guess i can put in more into prepayment if i wish to.
If 7-8k is really the full amount, like all the other brothers and sisters here, i recommend not worrying about your mortgage and invest in a studio and/or put the buying on hold until the property market direction becomes clearer.