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Anonymous
Posts : 6039
Location : N/A
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Property prices will, unfortunately increase in the long run. Factors like, building costs, wages, govt taxes and the finite land supply. The impt thing for us is to live within our means,. In my faith, we believe that we are passing through and our final destination is not on earth. But not many of us who professed the same faith believed in it. I for one, bought an apartment that was beyond my means and struggled for the last 14 years to pay off the HP. Thank God, my apt was enbloc recently and i had the 2nd chance to do what I should have done, live within my means. I bought my family a HDB flat within my budget and have enough left for the minimum sum and also some savings. I am debt free and happier.(Sorri have to go now my son is showing me the brochure of the new car.... just kidding!)
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Anonymous
Posts : 6039
Location : N/A
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I for one, bought an apartment that was beyond my means and struggled for the last 14 years to pay off the HP. Thank God, my apt was enbloc recently and i had the 2nd chance to do what I should have done, live within my means. I bought my family a HDB flat within my budget and have enough left for the minimum sum and also some savings. I am debt free and happier.(Sorri have to go now my son is showing me the brochure of the new car.... just kidding!)
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Congratulations, you're the lucky or blessed few. We hear the same call from the Government, that's to live within our budget. No doubt that it's a sensible and wise advice.
The thing is that, our budget are shrinking faster than we can react. With property price having a bull charge, how's one to live within their budget when they can't even afford the cheapest available housing.
Most of our salary gets hendak kaki, but prices of our living expenditures are forever going up. We simply have got no budget left for anything. So it becomes a meaningless advice, as we don't even have a budget to start with. We are living on a monthly or weekly or worst still daily basis, budget wise. Are they feeling our insecurity and worries about the bleak future ahead, NO!
In fact they are painting very very bright future ahead, 5 to 10 years down the road. Ask the people at ground level, what they see of their future in 5 to 10 years down the road. Will it be as bright as what MM Lee predicted?
Just my humble view.
SOS.
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