Let me refute points 2.3.4 &5
Point 2 - 10 years ago earning 80k pa, now 200k pa. 10 years ago, newly married, no burden. Now got 2 children plus parents no longer work and maybe diagnosed with some illness. So how would you use your income?
Point 3 - how big is your "big bucks"???
Sure, we will have those
SMU summa cum laude law trade getting 5k for starting pay BUT are there THOUSANDS of fresh grads with starting pay of 5K?
Point 4 - BTO flat flippers. If you are BTO flat owners, 5 years ago, your family earned NO more than 8k (income ceiling was revised 3/4 years ago nia). After pocketing a profit of 200k, the sellers will buy a car and sleep in it and along the way have 2 kids and can use the boot and bonnet as baby cribs?
Point 5 - you said the good ones make 1 million in the last 10 years. And a savvy investor will forgo 40% of his gains to get 4 cars?? And they are staying in bungalows big enuf for 4 cars??
For your info. Bungalows cost at least 10 million and above. If a person is rich enough to stay in a bungalow, he would not have to rely on flipping to make a fortune. Really rich folks make their money when a) their companies ipo b) through business and franchises c) through the stock market ...
After the property agent(s) stop their "you have made it, top 15%" posting, the car dealers are here LOL