- Joined
- Jun 2, 2011
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Singaporean mostly own their own property. If U want locals to be mostly debt free, we can always move to a rental model.
And I like how someone brought up photos of those homeless folks. This is a good reminder of why the minimum sum and the installment of CPF came about because old folks at that age collected their CPF money one shot. Many didn't know how to manage their money and ended up with no money shortly after retirement.
What do you mean Singaporeans mostly own their property?
Being saddled with housing loans just to pay for a flat that would eventually be returned back to the state after their 99 year old lease runs out?
And you call that owning a property?