In some countries, people only have to work 1 year to pay off
their house. They are debt free and can have savings to pursue
their dreams. =)
In Singapore, most citizens end up becoming a slave to their
house, can you believe it??? Husband and wife, work 30 years, just
to have 1 roof over their head. By the time they pay finish, you
think they still got the energy to pursue their dreams?
Moreover, during these 30 years, every month have to worry about
being retrenched or losing job. They cannot afford to go jobless,
so when they quit their job, you die die must need another job
instantly, otherwise jia lak...
Sometimes I think to myself, is this the life I think we should
live? Are we giving too much credit to Singapore government who
keeps claiming how good Singapore is?
I tell you how good Singapore is... You need a job for 30 years
to pay off "affordable" housing loan and then every morning/evening
peak hour you squeeze in the train to kick start and end your day
both in misery... for the next 30 years... just to have 1 roof over
your head... =D
30 yrs of funds locked up in a worthless concrete cage. So
worthless that even banks dun want them as collateral.
Same thing applies for car.
No wonder everyone is wondering where had all the money
disappeared to.
It was mentioned in another thread that the cost of building an
apartment is around $100k, so we are paying like $200k over the
building cost.
Imagine if every household have this $200k to spend. That is
what I would call an economic stimulus.
