Car or Baby?
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Singapore's is facing a shortage of babies. A lot of couples cite cost as a factor for not having a baby. But yet at the same time, there are many who are buying cars, sometimes even 2! They are spending beyond their means to support their car. Why is it most Singaporeans rather support a car than another child?
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They think a kid is too great an inconvenience.
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Originally posted by Calvin86:Singapore's is facing a shortage of babies. A lot of couples cite cost as a factor for not having a baby. But yet at the same time, there are many who are buying cars, sometimes even 2! They are spending beyond their means to support their car. Why is it most Singaporeans rather support a car than another child?
Open accusation without facts? -
err... what is the accusation?Originally posted by Parka: Open accusation without facts?
SINGAPORE'S car population grew by a record 5 per cent last year to about 433,000 units despite the number of vehicles scrapped hitting an all-time high at the same time.
http://motoring.asiaone.com.sg/articles/O_20060120_003.html
The Straits Times, citing preliminary figures, said 37,593 babies were registered in 2005, a 1.13 percent increase over 2004 levels, and this may still be revised upwards once official numbers are all in.
http://news.muzi.com/ll/english/10001669.shtml
There are many possible reasons postulated for the decline in babies.
What i want to suggest is that, no one has a claim over the real reason for decline of babies, until they are solved. Without restoring the replacement levels back to 2.0, your guess is as good as mine, even if you are backed with facts. Facts can be used to back an argument, but it also can be used to delude oneself that one has the correct answer. People tend to see what they want to see and avoid what they disagree or hurt their own interest. -
made an error
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car is only 10 year commitment only
baby is a lifetime commitment -
replacement rate is 2.1, according to my geography textbook........
n by the way......the amount of money u invest in kids is much more den juz a few hundred thousands....so cant compare de......
car if u dun wan can sell..........but baby u dun wan can sell or not?.......tink abt it......... -
Well thank you for informing me its 2.1, but its small difference.Originally posted by hiphop2009:replacement rate is 2.1, according to my geography textbook........
n by the way......the amount of money u invest in kids is much more den juz a few hundred thousands....so cant compare de......
car if u dun wan can sell..........but baby u dun wan can sell or not?.......tink abt it.........
A car is a depleting asset unlike property. Your children may contribute to your allowances when you grow old. Which is better? But i rather not think it this way.
There are many parents with only $1200 income each, have to pay HDB mortgage and they are raising 2 kids. Where do they get the few hundred thousands X 2 kids? -
Its a 10 year commitment for parking, insurance and petrol.Originally posted by mistyblue:car is only 10 year commitment only
baby is a lifetime commitment
if you paid 70,000 upfront. 400 for monthly fees based on a 9% return,
the amount works out to be 243701.71
isnt that a huge sum of money? I am sure its enough for NUS, or even Australia. -
Well, I see it that because we live in such a small piece of land, we practically have to rub shoulders living in HDB estates, so the allure of commuting in total privacy in your own car at your own pace, to be hard to resist.Originally posted by Calvin86:Singapore's is facing a shortage of babies. A lot of couples cite cost as a factor for not having a baby. But yet at the same time, there are many who are buying cars, sometimes even 2! They are spending beyond their means to support their car. Why is it most Singaporeans rather support a car than another child? -
......pai seh, i mean many many years down the road when spend a lot of money on children's education, expenses.........plus u spend ur love and care on dem....dat is priceless........Originally posted by Calvin86:Well thank you for informing me its 2.1, but its small difference.
A car is a depleting asset unlike property. Your children may contribute to your allowances when you grow old. Which is better? But i rather not think it this way.
There are many parents with only $1200 income each, have to pay HDB mortgage and they are raising 2 kids. Where do they get the few hundred thousands X 2 kids? -
Children don't fall into the category of the 5C's.
But the car does.
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hahaha........Originally posted by charlize:Children don't fall into the category of the 5C's.
But the car does.