No one (all Singaporeans) is behaving like monkey, unless u admit being one
. It is just like getting a "good" school for your kids. Who doesn't want the best for their lives.
Seriously, do all you guys pay 30 yrs mortgages? I believed some will move on after a few years, or you will repay the loan amounts as soon as possible, who wants to pay interest (extra) to banks.
Who can finance his mortgage for rest of his life? Come on, you can too ask who can finance his car loan for 5 yrs? Every person need to work by hook or by crooks. We need to work for some purpose, either to get a
HDB flat, or private residential. Without hopes, who will work hard. Basic common sense.
If you can predict correction, then all properties analyst can sit down and shake legs and let you do the talking. Please have a more macro view of the economy. Some economies are not doing well, some are keep it up. You need to look at investors in channeling their funds for investment. Singapore has a good ratings (bonds market), and many investors are looking at how we perform. And foreign investors are increasingly investing in Singapore properties. Look on the bright side, interest rate is historically low, where else can you park your $$$.
Ha ha, be more optimistic. No risk no gain. Do you expect to work for all your life?