(18-04-2022, 10:14 AM)YummyKing Wrote: Trust me it is going to get worse....
Now the picture seems like business as usual.. but now the young punks, start to calculate. High COE, high petrol, high foodstuffs, high dining outings.
Then when it comes to property, they realise even if they take the cheapest condo, they are going to be a slave for the banks for their lifetime.
Trust me, it’s about time, the property developers start making losses for the next two to three years. Because they need to cut prices by 20 to 30%, NOT 2 to 3%, to attract customers. Because the young punks now realise that even with their increase in salaries it is not sustainable to maintain paying for the loans of their condo.... don’t forget with the property, comes the maintenance fee, utility bills, property taxes, conservancy charges, management council fees, sinking funds etc etc etc etc... and your fridge, washing machine, televisions, computers, ovens, lightings, even beds and furniture etc etc etc cannot last forever, needs renewal every ten years, and renovations 15 years... unless you want your house to look like a rubbish dump after 10 years.
" Parents RICH " You mention Young Punks, partly their earnings not say worst doing as security or cleaner job just 1.2k or so
even so call Grab Food delivery, PHV can earn " 8k " per month " which Some riders show , but behind these earnings surely " is about rush and rush "
I don't know. Atas Condo, GCB , landed house in fact STILL have people buying even now economics , etc don't seem yet good back to pre covi on top war still around.
look at the Resale HDB flat, again million of course that is Duxton recently I not. "surprise Mainstream media going to claim SRX here and there mention resale HDB flat sales good "
One thing, quite a lot young couple choose buy a Resale flat instead go for BTO as need to wait now even longer due to Covi19 issue, War , misc factors.
I see people STILL buying car , Own car despite Expensive etc. Mainstream Media just mention Sales on EV car increase
I don't know how these people go their money , whereas on the other side , people scrap for money , save , don't spend unncessary etc.