Property
Should we have bought a private condo?
By Finance Smiths  •  August 18, 2016
I was inspired by My 15 HWW's post - Is buying a more expensive home always a bad financial decision? The main reason is that my wife and I are one of those couples that bought a more expensive home i.e. Private Condominium (PC). Reading his post got me interested in whether we made a bad financial decision. Why did we purchase a PC? The year was 2011 and we were still working in Melbourne while planning for a move to Sydney. It became apparent that while we enjoyed working in Australia, chances are we might return to Singapore to work eventually. The centres of business activities were shifting to Asia and it made sense for us to have work exposure there in our accounting and banking fields. If we moved back to Singapore, we anticipated a preference to stay together and not with our parents. We also took into account the possibility that we will get ......
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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