1973 3 room 9k
Anyway just for me to paste hdb stuff
Now same place is 350k thats more than 35x.
If ure a uni grad in 1973 probably got $800 or 1k as pay
Means now starting pay should be 35k, not 3.5k for graduates
Lease left 50 yrs but cost 35x as much
PAP jin 犯贱 they take salaries of high income people $100k to $5mil and calculate into national income. These people never stay in the flats so their income must not be included.
And BTO prices are pegged to national income so PAP says The flats are surely Affordable since we see wages are higher and going up.
Now you guys see what's the problems?
Quote from: default on Apr 14, 2024, 10:14 PMNow same place is 350k thats more than 35x.
If ure a uni grad in 1973 probably got $800 or 1k as pay
Means now starting pay should be 35k, not 3.5k for graduates
Lease left 50 yrs but cost 35x as much
housing is mean n scary
Only minista salary can beat n follow e house price hike
We all begga cannot
Quote from: FireOpal on Apr 14, 2024, 11:07 PMPAP jin 犯贱 they take salaries of high income people $100k to $5mil and calculate into national income. These people never stay in the flats so their income must not be included.
And BTO prices are pegged to national income so PAP says The flats are surely Affordable since we see wages are higher and going up.
Now you guys see what's the problems?
N hvt consider potentially some of this income is money wash ing $ where ppl jus anyhow ask
Anyhow tx e prices but before caught all r legit
Quote from: EncourageSome1 on Apr 14, 2024, 11:08 PMhousing is mean n scary
Only minista salary can beat n follow e house price hike
We all begga cannot
拿着我的破碗 伸出一只手 求你施舍两个馒头
让我拥有能吃饱的时候
让我的小肚子 充满着食物的味道
让我这乞丐明天会更好
CheerS!!!😉
Grants are a damn screwed way that makes prices go up further
Pap is making ponzi schemes for hdb and cpf so that people become more debt laiden with no means to retire
Quote from: EncourageSome1 on Apr 14, 2024, 11:08 PMhousing is mean n scary
Only minista salary can beat n follow e house price hike
We all begga cannot
chiu cna stayed in ridout
:mad:
But Lawrence wong say salary increasing in tandem with house prices lol
Quote from: peaceheart on Apr 15, 2024, 10:55 AMBut Lawrence wong say salary increasing in tandem with house prices lol
he meant his celery.. not chiurs or mine
:frown:
Quote from: peaceheart on Apr 15, 2024, 10:55 AMBut Lawrence wong say salary increasing in tandem with house prices lol
i want to ask him tandem in what way? all these are real actual prices paid by people still alive and still in HDB records.
can someone just rise up and ask them?
it's a whole ponzi scheme making most sinkies poor esp the current gen
Quote from: default on Apr 15, 2024, 11:08 AMi want to ask him tandem in what way? all these are real actual prices paid by people still alive and still in HDB records.
can someone just rise up and ask them?
it's a whole ponzi scheme making most sinkies poor esp the current gen
Then Desmond Lee say $1mil hdb are outliers and minority. Well, he's not wrong. As long as $1mil hdb dun exceed 50% of transactions is considered as minority. We have wonderful leaders!!!
Quote from: peaceheart on Apr 15, 2024, 11:39 AMThen Desmond Lee say $1mil hdb are outliers and minority. Well, he's not wrong. As long as $1mil hdb dun exceed 50% of transactions is considered as minority. We have wonderful leaders!!!
3 room new flat at my area i asked my colleague who subscribed... she bought at 400k+
how is this considered cheap? in comparison to her salary and most of our salaries?
dont talk about inflation. u inflate so much until ur grads dont earn 35x but your HDB rise 35x? how is that in tandem? your maths fail, LAWRENCE WONG AND DESMOND LEE?
We are talking about starting pay. and back in 1973 while there are less graduates, dont think they earn 1k per month. probably 800 at most (https://www.macrotrends.net/global-metrics/countries/SGP/singapore/gdp-per-capita) per month, probably less. if we put it at $500 only means roughly 19 months or we round up to 20 months for a fresh grad. 3 room last time 10k or less
400k for BTO / 4k....... that's 100 mths
how is this not even ridiculous and not a ponzi scheme by PAP?
should convert all back to rental
hdb is landlord and everybuttle rent from hdeebee
:frown:
Quote from: default on Apr 15, 2024, 11:41 AM3 room new flat at my area i asked my colleague who subscribed... she bought at 400k+
how is this considered cheap? in comparison to her salary and most of our salaries?
dont talk about inflation. u inflate so much until ur grads dont earn 35x but your HDB rise 35x? how is that in tandem? your maths fail, LAWRENCE WONG AND DESMOND LEE?
We are talking about starting pay. and back in 1973 while there are less graduates, dont think they earn 1k per month. probably 800 at most (https://www.macrotrends.net/global-metrics/countries/SGP/singapore/gdp-per-capita) per month, probably less. if we put it at $500 only means roughly 19 months or we round up to 20 months for a fresh grad. 3 room last time 10k or less
400k for BTO / 4k....... that's 100 mths
how is this not even ridiculous and not a ponzi scheme by PAP?
Dun even need all the stats to know hdb prices going haywire. Public housing my ass.
Last time sole breadwinner with >2 children can support family. Now both parents work also struggling to make ends meet. And I dun think they go on expensive holidays or buy cars.
also feel hdb should be the landlord now that prices have spiralled out of control
Quote from: sTiCkY on Apr 15, 2024, 12:09 PMalso feel hdb should be the landlord now that prices have spiralled out of control
They prefer to leave it to mkt forces lol
In the first place, gov ownself sell land to ownself at private mkt rate (SLA to HDB) is already mind boggling
Quote from: peaceheart on Apr 15, 2024, 12:11 PMIn the first place, gov ownself sell land to ownself at private mkt rate (SLA to HDB) is already mind boggling
hmm i think this part....... arguable
but the money transferred never go to benefit sinkies much. basically is ponzi scheme make more and more money but do we actually know where is the money?
make sinkies sink more into housing, including BTO, including 2 room BTO. now 2 room BTO alr 200k+ if not wrong
how to retire compared to the pioneer/merdeka and the gen immediately after them?
those born after 1975 or 1980 get it way worse
chao chee bye
Quote from: jim889 on Apr 15, 2024, 06:59 AMchiu cna stayed in ridout
:mad:
Ministar stayed ridout
Peasant stayed in / out : jb, p bukom or p Semakau