Tip 3: Do not spend more than 50 times of your gross monthly income on your property and upgrade only once during your lifetime. If your family income is $6,000, you can invest up to $300,000 on your property and not more.
Upon Tan Kin Lian's advise that we should only buy house that is 50X of our salary.. if not that house is consider not affordable..
In such case, my salary is like S$3000.
I can only afford HDB of the price of S$150,000 ... ?
My HDB cost me S$365,000 !
That is 143.33 % out of my range!!
Gosh..
I think i can never retire
i do agree TKL's theory is outdated in the current inflation..