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Anybody want to start a thank you thread to assert that CPF is really your money and thank yew PAP etc
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(14-08-2022, 06:41 PM)Huliwang Wrote: Actually what he said is not flawed but true for quite a lot older generation HDB owners.
I think he was looking at those who bought HDB at BTO price and selling them with big profit. For example I have a relative who bought a new 3rm HDB at just around $20K about 50 years ago and later sold them more than $150K some 20 years later. Then those 5rm flats in Queenstown cost around $450K some 20 years ago are now selling at around one million.
So, for these people HDB flats are free and on top made another 100% or more profit...... 
Selling an investment for a profit does not make the investtment free!..the moron was using the word 'free'.
By this flawed logic, there r so many places in the world also property is free. Australia property went up 20 yrs straight.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 14-08-2022, 08:37 PM by
sgbuffett.)
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(14-08-2022, 08:36 PM)sgbuffett Wrote: Selling an investment for a profit does not make the investtment free!..the moron was using the word 'free'.
By this flawed logic, there r so many places in the world also property is free. Australia property went up 20 yrs straight.
So is Australia property free?
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