I note that in most countries, they own freehold property. In
Thailand, the Government housing policy is this: Freehold. You pay
downpayment of about S$3000 and then S$80 a month for 25 years and
the house (not flat) and land is with your family for
"eternity."
This then acts as a social safe guard. In bad times, everybody
comes home and contributes to the household expenditure. Everybody
in the family has a roof over their heads.
