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This will be a fair comparison of how good a wealth accumulator you are. Rather than comparing the dollar amount of your net worth, we will stack you up against others in terms of your net worth over income.
If a person makes $100k/year and has $500k in net worth, he’s definitely a much better wealth [...]
According to the Straits Times (Sep 19), median home prices in 2008 were about 16.3 times the median annual income that year.
The article never mentioned if 16.3x is a bearable or even realistic figure for individual households.
Using ST’s median figures for 2008, if a household making $59,400/year were to buy a $970,000 condo, it would [...]
Don’t let mainstream media headlines like “Most top PSLE students stay in HDB flats” (link) mislead you into thinking that HDB kids are top students.
All it takes is a sharp eye and a thinking mind to see the facts. Straits Times reader Mr Visakan Veerasamy wrote to the papers today:
“The statistics given in the (newspaper [...]
We’ve updated our popular income comparison calculator.
The data points come from Ministry of Manpower’s Report on Labour Force in Singapore 2008 released early this year.
Take your annual income (including bonus) and divide by 12 to derive your “gross monthly income” when using this income benchmarking tool:
Last year’s version of the tool is here. See how [...]
Read the full article at Benchmark Your Monthly Pay By Age & Gender 2009A forum letter to the Straits Times highlighted a different way to measure affordability.
Based on Numbeo’s “house price to income ratio”, Singapore ranks below major cities like Tokyo, Barcelona, Milan, Dublin, Toronto, New York City, Geneva, Oslo, Rotterdam, San Francisco, Sydney, Vienna, Stockholm, Amsterdam, Zurich, Copenhagen and Berlin.
This means: if we use all our annual [...]
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