Settle existing loan first!

Few days ago, my elder sister told me that she has bought a bungalow house that cost her about $150,000.00. She is asking me to book one unit too since the price is quite attractive. However my hubby is reluctant to do so as our current saving account does not have sufficient cash to pay for the deposit now. More ever we still have pending car loan repayments that yet to settle in next few years. Mind you, owing money to the bank is not easy and we have to make sure we will not jobless in next few years, else how are we going to settle the debt? If we buy another property, then we will add more burden to our shoulder.

Let's settle current debt first before think of buying another property!