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Old 08-11-2011, 06:12 PM
Margin call your head
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Originally Posted by Unregistered View Post
Well, the other argument is that income has not grown as fast as housing prices, implying young people are finding it hard to afford a roof.

Take another example. Car prices are now beyond the reach of normal wage earners, shattering many dreams. Young people basically have nothing to look forward to.
Hello friend, it is the same for every generation regarding income. But hey, look at the present revision of the income ceiling for BTO, from 8k to 10k. Doesn't it show that the younger generation is better off than the older gen. Of course, price of housing will keep rising (actually that is what we are discussing now). Just look at the present BTO, price also increase, do you think the private sector will stay the same or crash? If so, more people (from having public housing) will bang wall. I will always advise young generation to start getting a flat once they are eligible. Don't wait till it is so high, then you really have to bang head. Once you are stable, upgrade to other properties.

Please, forget about car first. You cannot sleep in a car for the price you are paying. Also, it lasts for 10 yrs. Might as well use that $ to pay for your house and clear any debt as soon as possible.

You have to decide what you want in life. If a person dream the "impossible", definitely it will be impossible to achieve. Go step by step and focus on what you want to achieve by 30yrs, 40 yrs, 50yrs old. It will be easier in life. Trust me.

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