You done well. Just remember that upgrade is NOT a sure thing of “wealth” accumulation but it is a DEFINITE thing of debt accumulation which still has a bigger mortgage to pay out each time you upgrade higher. A downsing for the same percentage means a bigger loss by reason of bigger exposure.

I know of one couple upgraded to landed property from a nearly full paid 5-rm HDB, then DOWNGRADED back to 5 room when market swings against him now with a bigger mortgage and now renting waiting for an opportunity to buy into a 3 room-HDB. Put simply, it is ONE upgrade followed by TWO downgrades given changed job circumstances of this working couple.

Personally, I don’t feel any wealthier regardless of my property’s valuation – it is just accomodation. I can’t bring that to my grave with me.

So a pricier valuation for property generally is just mirage wealth and has no meaning for me as I never had any intention whatsoever of upgrading or downgrading.

It just mean a harder start for young couples getting settled into life – it is NOT NECESSARY OF ADDITIONAL BURDEN.

Your posting is not helpful and biased. People are making money out of buying and selling HDB flats. Seed money to buy private property.

i guess being a lackey do have its perks.

ACTIONS SPEAKS LOUDER THAN WORDS… BUT LET’S SPEAK MORE COS IT’S EASIER… EASIER SAID THAN DONE.. THAT IS…

AS FPC … You ARE RIGHT That PAP IS ACTUALLY MAKING MONEY OUT OF HDB!!! OTHERWISE … WHY SUBSIDISE Foreigners This & That??? … AS WHERE THE MONIES COME FROM HAH??? … Self-Centred people like Anonymous are people we don’t need too many around LAH!!!

AS ALSO “Why PAP wanna build SO MANY in Ponggol, Etc UNTIL In HOLD AS CANNOT SELL like before REMEMBER Anonymous and Peter Kwan??? Self-Centred people CAN”T BE Great-Thinkers BECAUSE the simple reason IS THAT “They ONLy look TA their OWn 2-little-feet”!!!

//Many are countries with huge land mass.

This is an excuse used again and again by the PAP.

Our homes are built upwards not sideways.

If land is so scare then why build more homes. Go build factories. Factories is supposed to make money by export.

You only need to build more homes, if you have more people.

If you claim singapore ’s population is declining then there is no need to build more. Save the investment.

You bring in more people, so that you can drive the demand for housing and then you need to build more which allows you to make more monies since you are the prime home builder.

Why do you need more monies when you already have lots of it in your swfs? which apparently is not making money?

Wouldn’t it be simpler to just learn how to make money with those fund monies? Even at 1% return rate, I think we make 1 billion a year. 1 billion / 3 million Singaporeans is 300 dollars each.

Norway have a big fund and a greying population too, you don’t hear them telling you that they need massive immigration?

In fact, they control immigration tightly and their land is covered in ice/snow most of the time, I don’t know how useable is that.

You need to build more houses to make more money to cover the holes in your asset liability gaps.

there is nothing else you could do to make money. You sucked in everything.

But you didn’t care about the hardship people are facing in servicing their loans.

The hardship they face, when you change the retirement fund rules that disallow them to take out their monies to spend after many years of putting up with your crap.

The fact remains that other 4 tigers had to work just as hard but they ended with more money than us in retirement.

And we are savers all our lives.

You fail us.

Wah seh, your name super the long leh, and paiseh lah, I really use all my 4 eyes stare very hard already, but I still liah boh kiew. What saying you?

You don’t like my opinion on enbloc? The house is one for one. New one for old one. Big one for small one. My renovation is effectively covered by the subsidy. I still get to stay in my good old neighbourhood. So, is it like strike 4D or not? I think not many people get this type of lobang. I must be the luckier one.

I never think in terms of 99-years lease. But strictly speaking, I got an extension of a few decades for free, with a further bonus of a bigger unit, still in a well-liked neighbourhood. I think it’s fair I say I strike 4D.

It’s not all that bad. Some people like it.

1. PAPsmearer on Wed, 2nd Sep 2009 5:33 pm … FOR Upping THE ANTE for PAP To show them THAT WE AIN”T THAT ’stupid’ AS they think we are FOR their fOOlinG aRounD HaW!! Hee-HaW to MBT!!!

2. And TO Kongseemee on Wed, 2nd Sep 2009 6:08 pm TOO … For reminding US THAT we ARE ONLY heartlanders As GCT said … For we are SO BOGGED DOWN BY HDB and Related LOAN REPAYMENTS … WE”VE BECOME “Stayers” BY DeFAULT oF PAP”S HDB Housing SyStem!!!

3. And ALSO To Anonymous on Wed, 2nd Sep 2009 11:20 pm For his honest comments about US heartlanders being some smart and smart like stupid … really depend s On If a person HAS child or childrn to continue living WITH THEM After marriage … or capable enough to help them pay for bla bla bla on the new enbloc HDB flats right!!! OR they themselves HAVE ENUFF money and live FRUGALLY TOO!!! CAN”T POSSIBLY live like PAP Minister’s AND MP TOO Right??? THAT”S OUR WORSE RUB BY PAP!!! …SPECIAL-BREED >>> SPECIAL_PEDEGREE … ACCREDIYYED … BY mmLEE … And … And THANKS TO HIS … “HIGEST PAY for highesT (T for TOWERING) TALENTS!!! end of their sTollY!!!

Enbloc by HDB is similar to private property enbloc. It’s like the small peanut version. They call private property enbloc a fever. So somehow, it seems like most people like such kind of things.

Yah lah, some people don’t like private property enbloc, just like some people don’t like HDB enbloc. Your example of old people is true, some of them don’t like the trouble of moving. They prefer their good old place.

As for coughing out money, I think HDB has some alternatives for those who can’t afford. That time I didn’t go into those details, because I don’t have much trouble with it. I just know I like the feeling, like strike 4D.

But like private property enbloc, some people like HDB enbloc. There are even people who target hdb with potential for enbloc.

As in all things, it’s not so clear-cut. Some people like it, some people don’t like it. What to do?