Angel,
I do not know where you get the idea that parents are mostly
rich enough to pay off a HDB flat for their only son. Yes, there
are people who did that but I bet they are the minority.
The lower income group is EXPANDING rather than dminishing. I am
asking HDB for the specific details or statistics on certain things
before I will make my conclusions on the rejection of the alloted
flats. You are right, they can wait but with the prices that need a
30 years mortgage, I don't think they have much time left. Imagine
if you are to marry at 30 years old, you need to take out all money
from CPF to pay for your flat for 30 years, it would mean that by
60 years old when you finished paying your mortgage, you won't have
much money left in CPF for your retirement.
I hope you are not asking parents to take care of their
children's retirement also?
Goh Meng Seng
Well, Meng Seng,
There are, in fact 80% of Singapore are pampering their son too
much, those who worked for 30 to 40 years, got their CPF or profit
from insurance mature couple with good saving habits are pouring
money in to their decendents. That is why today youngs are not so
energetic and hardworking as their father/mother or
grandfather/mother, because most are given silver spoon or bronze
spoon to feed on, i am not saying that today son are spoil, but
because of one to two child in the family, parents + grandparents
poured all their hopes and saving into them making them less hunger
to strive and work hard. Most of these young peoples job hop here
and there, no job to them is ok, unlike their father last time, no
job is a serious problem. And yet, most will pick and choose the
best comfortable job unlike my father time, got job very happy
liao.
So i think society in Singapore had changed, a family with one
son will give all to the only son, the 70s and 80s generation have
a good saving habit, unlike today youth like me, and their purpose
to save is for raining days, and when the son got a problem with
marriage, ah kong, papa and ah ma, mama is alway there to
help..them buy a house, or even a car.
