last time civil servants got all the ton of benefits
salarymen also, biz owners all got tonnes of money, easy to make tonnes of money as long as u have the risk appetite. housing cheap as fuck. cars everything also
before u all say what last time salary low, i think we calculated many times before. 1973 a flat cost $9500 at my current place while the salary was maybe 500. For ease of reference let's make it 20x
the same flat cost 44k in 1985. yes very ex but still manageable
now our salary vs BTO only 20x? and last time 1 person work can buy house and every shit. now fresh grads get higher but most of us are stuck near their salaries or not by much
yet a prime HDB costs $750k for 4 room at tanjong rhu and still got shit stuff like 10 yr MOP and cannot rent out entire flat placed upon us.
if a young couple wants to buy this maybe their total salary only 8k. that's 100x. last time 1 person only now 2 person still need to pay 100x, which means it's actually 200x
the govt really sucking all our blood
the luckiest gen was those born early 70s and earlier....... all the boom times, tonnes of jobs also
our gen really is shit. i really mean it. last time civil servants see dr all those cover all their shits. now no. now also no iron rice bowl
Cs is generally still iron ricebowl lah
Quote from: Arctic on Jan 15, 2025, 11:15 AMCs is generally still iron ricebowl lah
kind of lah. but prices of everything are skyrocketing
u see, if not in CS, but in SME even way worse
they import the foreigners but will they subsidise us when we grow old? i doubt so
now we already cant afford anything. if want to have kids even the ah tiong masseur guy told me he lucky he got married early his kids already 14.
i think he ard 2 yrs or 3 yrs younger than me bah, ard 37? he said either have kids young or dont get married or dont have kids old
it's a sad reality
really the boom times all the boomers and young elderly all enjoying now (my cousins' times) yet they shitting on us for being lazy
we no longer have any boom times
now the standard is like u must die die invest properly in S&P 500 to keep up since everyone knows and does that
last time if u do this u can get rich or do well enough........ when this becomes the norm it doesnt make u any richer
i got a family friend who lives around sin ming/bishan, owns 5 room flat as a single......... she definitely still has lots of savings la. my guess at least 200k +
but she shits on me saying im still young why i keep thinking i cant make tonnes of money
lol i look at the Bishan/Sin Ming flats 5r are 900k+ near 1m
her time she buy for less than half that price for sure. probably closer to 300k
easy to shit on others when we have to fork out 3x the price when we are not paid 3x the cash in salary
the PAP seriously fucked up everything up so bad
yeah you see those people in their 50s and above staying in landed properties. a lot of them are not well educated but they made it cos of timing and luck. a lot are prob from flipping properties during the cowboy era with very little rules.
Ho kwon ping of banyan tree always say success is largely dependent on luck and I wholly agree. There are ppl who work hard for it too and I dun discredit that but ultimately luck play a big part
I know of ppl who become first time parents in their 40s, ppl who only have 1 kid, ppl who sold bto to buy condo + car, buy branded and go travel etc. Must be doing well.....
Gdp above all, whatevwr it takes lah
Quote from: Keeptrucking on Jan 15, 2025, 11:34 AMyeah you see those people in their 50s and above staying in landed properties. a lot of them are not well educated but they made it cos of timing and luck. a lot are prob from flipping properties during the cowboy era with very little rules.
The thing is they enjoyed success but those after that we kena fuck badly.
How to live? How to have kids?
Even as a single.. i have to pay for my dad and if my mum alive many things have to pay
Then now the housing prices so fucked and they nv allow people with foreign wives or husbands to get cheaper flats.
They rather import cecas families direct. First gen also no need serve ns. What are we protecting actually?
My recent mri alr cost like crazy. Compared to msia.
Really? Pap cares for u?
Moi had to agree since moi from that gen and although we do not
hv HP or all these fanciful gadgets, we did hv good living and affordable landed houses and cars.
Especially many of our gen are in landed housing early 70s whether in village or kampong.
The teachers can afford terrace at $10K at Serangoon Gardens with long and hv pensions.
10 yrs ago moi oredi warned the speculation of housing and next gen cant service the loans
but selfish gen happy seeing the prices keep rising.
Since there had been watershed GE2010, moi tot got hope.
Nao not sure & gonna run road since not clever to keep on paying the high salary of the politicians
& they r not doing anything exceptionally good or at best good for sinkies.
It has to hv 33% of alternative parties MP and will even vote any low calibre.
Until then, it will continue with Sg prosperity but sinkies sinking in huge debts.
Gd luck to Gen Z & millenials...
Now it's a must to invest in stocks/crypto else really will lose out. A worker's salary can only provide you for basic survival these days. Want to get that million dollar property? Get a long term loan. Want to study a degree? Get a loan. Want to buyed cat? Get a loan. Haven't earn a million dollars and already accrued debts. Except if chiur parents are rich or chiu inherited property/ assets from them.