My answer to the question is yes. The middle class is going to get squeezed real tight. Small percentage will make it to the top, to the upper/elite class, the rest the majority will become low class due to the fast growing economic divide. Many Sporeans will be finally left with nothing much more than their pigeon holes in the end. And these too will be gone when the HDB lease is up in 2 generations and more. See the values drop when the time comes....
Last edited by s1221ljc; 27th March 2014 at 09:54 PM.
Er ... that pigeon hole is usually 99yrs lease .. so ultimately its left with nothing ... unless u manage to save up some CASH before u hit retirement age.
Middle class=those people in the middle of the butt crack, facing the ass hole
Last time when am a kid, $3.5 toy very high end to me. Now $35 toy like nothing, $3.5k then I consider whether to buy or not. Ha ha!
Only Sony device mostly, haha!
some guys kenna CLOB'ed still have not learnt their lesson
every election time, your home in JB becomes a football to be kicked about to please the voters
buy a JB home only if you are prepared to lose it
i would rather rent a house/condo in JB ..... once it goes to hell from non-maintenance just move to a new development rather than be trapped in a rotting development that cant sell 10-15 years later
Which makes it a fact. As true as the sun rises from the east.
Releasing such a report probably made matters worse. Previously, my thinking was hey it is just one report that says singapore is really expensive. Maybe there are other studies which says otherwise.
The fact that all the government could dig out was a study done locally in LKY school has just convinced me that probably all other independent studies arrives at the same conclusion... Singapore is bloody expensive.
If you have lived in Singapore for an extended time, you'll notice that there is only one class: the middle educated class.
The upper class and lower class have been largely marginised.
If you don't believe me take a walk in Orchard Road or read the mainstream newspaper Straits Times where middle class values are all too obvious, prominent and glaring.
A classless middle class society is the utimate utopia where everyone enjoys equal opportunities even if it costs a bit more for such privilege.
Let's celebrate it instead of KPKB.