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One condo unit force sold every month because owner cannot pay maintenance and sinking fund charges...

That is the trouble with S'poreans who wish to keep up with the Joneses. They buy a condo and a car even though they know that they are unlikely to be able to afford the mortgage. We are social creatures after all. There is an urge to keep up with the Joneses which stems from a subconscious desire for social belonging, status and the fear of seeming inferior to our relatives, colleagues, friends etc.
 
That is the trouble with S'poreans who wish to keep up with the Joneses. They buy a condo and a car even though they know that they are unlikely to be able to afford the mortgage. We are social creatures after all. There is an urge to keep up with the Joneses which stems from a subconscious desire for social belonging, status and the fear of seeming inferior to our relatives, colleagues, friends etc.
I have fear being being perceived inferior by a high SES ACS samster. Lol!
 
  • Haha
Reactions: Nut
Learnt from one old couple before. Never vote for increase in fund as the more fund they have, the higher the spending.
The Managing Agent has to be changed if they cannot work around the budget .
 
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