Do you all know Malaysians, even at lower wages, can BETTER
afford a roof over their head? Let's just take their earnings to be
$500 and Singaporeans earnings to be $1000.
Given that you can get a nice 3 room apartment in
Malaysia for $20k vs Singaporeans needing AT LEAST $100k for a
2 room flat, the affordability ratio based on salary to pay off
having a roof over your head is 40 months for Malaysians vs 100
months for Singaporeans. That obviously is assuming you're using
the entire salary to pay off the loan.
Let's not talk about what CPF money therefore no money
upfront/outlay kind of nonsense because CPF is by right the
citizens money except the government take it and release some to
give back to you to pay for the house. Put it this way, will you be
grateful to me if every month I DEMAND (no you cannot refuse!) from
you $500 of your salary, then if you want to buy something, I say
ok lah since you no money, I pay $300 for your home purchase
so that you no need to spend any money from your salary. That is a
fallacy because I already took your money, that $300 is YOUR MONEY,
but I took it, so it looks like it's my money. But that's how the
government works at the moment.
Don't get me wrong, I'm not complaining about the CPF scheme.
I'm just complaining when they claim that's a BENEFIT and claiming
CREDITS for it. In this case, they are claiming this as a BENEFIT
when you purchase a house. Fuck lah, it's your money in the first
place! How come they can twist the whole idea until it seems like
they are helping you like that? Like what I said, will you be
grateful if every month I take $500 from you and take $300 to help
you pay off something so you no need to use your remaining salary
to pay for it?
