Singaporeans Financially Screwed

last SG · 2007-12-17T19:54:30+00:00

you seriously think that there is a better alternative if you want change?

eagle SG

deja vu
Exceptions make the rule Laughing

AndrewPKYap SG

... hey its our money ok... and at the rate that they push up the prices of houses, what kind of future do our children have? Work as their slaves?

...Just name one thing that will make the despots change their money grabbing ways other than people supporting Dr Chee Soon Juan.. Rolling Eyes

T.Ryousuke SG

1 problem with ppl is monkey c monkey do. Slowly ppl start to learn smart. Buy house is the 1 kill us all, car still can sell and take cab. Life style can be change. But our wages will never go up like the minister. The problem getting serious when oil price goes up and wonder it will come down, if it doesn’t then everyone pray hard that wat bible say is wrong.

F.raon.I.R SG

so u want to pay high taxes juz to get free medical benefits?...
in order to maximise the usage u gonna get sick and enjoy those benefits?...
might as well think of ways to stay healthy.Eat well,excercise well,complain less.

hloc SG

The opps is true..... Buy House is more important because without transport, u still need a roof over your head..... If you don't buy house, where will you stay Question Under the MRT track With your parent Where Are you sure that you can't sell your house Will your $75000 car still be worth 80% of that amount 2 years down the road

My 4 room HDB flat is brought in 1998..... almost 10years. At that time I paid $112K..... now already got ppl offer $170 - $180+K.... How much will your car be worth 10years from now Question

The part about monkey c monkey do is correct...... S'porean see other S'porean owning Cars or living beyond their means.... and want to follow. That is where Debt comes in.

AndrewPKYap SG

... you think you are paying low taxes in Singapore? Rolling Eyes Delusional... just HDB alone....

..more importantly of course is that with free medical benefits, you don't need to guess how much medical insurance you need to buy...

AndrewPKYap SG

erp... coe... high food-court prices because of high rentals.. gst... and the money gets squandered away to foreigners and some people just take the public money and out into their pockets.... and you think Singaporeans pay low taxes? Rolling Eyes

AndrewPKYap SG

.... Singaporean pay high hidden taxes and get back dirt…

eagle SG

erp... coe... dun own car lor

high food-court prices... cook at home or eat at hawker centres lor

gst... suck thumb. Buy basic foodstuffs at NTUC

GST Singapore is at 7%
GST Germany was at 19% a long time ago

ERP COE expensive in Singapore Sad
Parking outside is extremely expensive in Germany => you use your car to travel also don't know where to park it...

Money gets squandered away... Running a business always involves risk (Singapore is being run like an enterprise anyway)

SBS3625D SG

Can save one. Is whether you have the will to save or not.

But of course there will be exceptions..

deathbait SG

As usual spreading disinformation.

Don't confuse taxes with loans. That's so silly it's gotta be from you.

Similarly, stuff like ERP and tax on alcohol/fuel only apply to those who can afford it. If you're not well off enough, you won't even feel it.

SBS3625D SG

You missed the point.

deathbait SG

As for you, your post doesn't make sense.

The interest rate is not there to encourage you to save. It's there as a compensation for parking the money in the bank while inflation makes it worth less.

When the interest rate is so much lower than the inflation rate, the correct thing to do is to take it out of the bank to invest in a more profitable vehicle. This is, in a way also "saving".

If you were to take this line of backwards logic, I could just as easily point out that since cost of living has gone up, there is more incentive than ever to save(as opposed to spending), since it costs so much to spend money.

abyone SG

Malaysians in Malaysia are more financially screwed than Singaporeans in Singapore?

oxford mushroom SG

Taxes are not high in Singapore. The problem is the uneven load carried by tax payers. Only 40% of Singaporeans pay taxes and the top 10% of income tax payers contribute more than 40% of the annual tax revenue.

Those who do not pay any taxes and yet rant in this forum should be made to pay their fair share. You have no right to decide how this country should be run unless you first pay your fair share of taxes Rolling Eyes

kilua SG

I think you should be gentler on the tax thingy. Its kind of elitist .A country is more than money, or am i wrong? Mr. Green If money was used as a yardstick to decide who has a say, dont be surprised if no one fights for the country when there is a war. They dont pay taxes, they have no say, so why should they risk their lives for their country? Let those who pay taxes and have a say, defend the country themselves.

AndrewPKYap SG

Mr. Green

AndrewPKYap SG

... and don't forget, when you buy a bowl of noodles, you paid taxes!!!!! But I like your idea that those that have a say should fight for the country and the suggestion by that mushroom head means that those that pay income taxes, they go to war... .... Laughing

fymk SG

High taxes to get free medical benefits? Not if it doesn't also come with a safety net of welfare.

There is no way to be healthy if your genetic makeup cannot be controlled through conventional means.

Even healthy people have heart attacks without a reason why.

T.Ryousuke SG

Originally posted by hloc:

The opps is true..... Buy House is more important because without transport, u still need a roof over your head..... If you don't buy house, where will you stay Under the MRT track With your parent Where Are you sure that you can't sell your house Will your $75000 car still be worth 80% of that amount 2 years down the road

My 4 room HDB flat is brought in 1998..... almost 10years. At that time I paid $112K..... now already got ppl offer $170 - $180+K.... How much will your car be worth 10years from now

The part about monkey c monkey do is correct...... S'porean see other S'porean owning Cars or living beyond their means.... and want to follow. That is where [b]Debt comes in.[/b]

$112000 with interest @ 2.6% is $2912/yr

If loan 10yr is $29,120,
20yrs is $58,240,
30yrs is $87,360.

If u down full then I happy for u.

Let say now I buy a $300k 5 rm(New).

Loan $200,000 @30yrs.

Int. @ 30yrs is $156,000.
Reno $30,000.

This flat come out to be $486,000.

I noe u will say sell within 5-10yrs time.
Dun forget HDB not stupid. The interest is not flat as in striaght line, the first few yrs u r paying interest(do check with ppl do accounting).

So end of the day, when u sell the comm from agent is let say 2%, $486,000 is $9,720. And all in all u need to sell at $495,720 to break even.

Pls correct me if I'm wrong.

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