23 Dec '12, 9am

reasons why the older generation are so easy life with housing...

reasons why the older generation are so easy life with housing... a) last time housing was relatively cheaper, if you compare housing price vs salary, salary is always lagging behind... b) last time employer and employee both contribute 25% each to cpf,... and last time also no SA & MA ??... no cpf-min-sum ??... c) last time life expectancy was 70+, so govt could only squeeze you until 55. Now you long live to 80+, so govt squeezing you until 65 with longer loan. So older generation typically paid off mortgage at around 50+ and can go for 2nd property (while banks loan you up to 75yrs) d) last time less tax, lower/no GST, no coe,... e) last time don’t have 6x kiasu CMs… f) last time police wear shorts, so the gdp was much stronger, and little risks holding properties

Full article: http://forums.condosingapore.com/showthread.php?p=347182#...

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