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Melissa Candrasaputra's avatar

This resonates with me a lot. When we were buying our house, the people we spoke to (including hub's financial advisor) advised us to max out our loan. It sounded like a good idea at that time on paper, but my spidey senses were tingling. I knew we wouldn't be a DINK for too long - we wanted kids and I wanted the option to start my own business - so we went the opposite way and bought the most affordable 30-year old resale flat that remains our beloved home to this day. If I didn't put my foot down and say no to the well-meaning advice back then, the interest rate hikes would have sent us to similar situation as OP and I would not have been able to start my fledgling freelance career due to financial pressures.

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Uttam Sobha's avatar

Just wanted to wish you all the best during these hard times and to persevere. As you said, reversion to the mean always happens and hopefully that means the hard times will also fade in time. Stay woke!

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