housing = liabilitiy?

• digicharat

  1 Sep 05, 08:05

  ok... we all know that car is a liabilitiy here in singapore.
  so what about housing?
  
  do you think it is a better choice to just rent a flat then to own one in singapore?
• Glen999

  1 Sep 05, 08:48

  i think rent gives you the flexibility.
• shade343

  1 Sep 05, 08:49

  Housing should be an investment. Unfortunately, because many singaporeans bought their houses during the peak, it has become a liability instead.
• Cindyfeh

  1 Sep 05, 08:53

  Basically living in Singapore itself is a liability.
• SnowFlag

  1 Sep 05, 09:00

  yeah. right now i feel housing is a liability
• shinta

  1 Sep 05, 09:20

  Originally posted by shade343:

  Housing should be an investment. Unfortunately, because many singaporeans bought their houses during the peak, it has become a liability instead.

  hulo~
  
  u rent in sg.. u dun buy.
  
  u rent from the open market or u rent from the govt. there's 2 scheme. 1 gives u the false sense of security. (u own this place) the other tells u straight in the face i can chase u out anytime ur income goes above 1.5k
• surfer188

  1 Sep 05, 10:13

  HDB is suppose to be cheaper living house. Unfortunely (Naturally) it becomes too expensive for people to own.
  
  I find in Singapore, we are been tie to a pre-plan living.
  
  Study then go NS, after work for at least 4 years to get that CPF for housing, get married, dare not give birth more then 2 kids, after slog for 15~30 years to repay loans, kids studies, maintenaning parents .....
  
  I find to slog for 15~30 years to re-pay home loans is far too long. Other country's home long is about 7~10 years long. This 7~20 years of difference is quite a lot of $ & time which makes HDB a "LIABILITY"