Buying a HDB flat in Singapore is a bloody social commentary. What does being 30 years old, single, and Chinese have anything to do with buying a flat? Every single bloody thing, if you're living in Singapore.
You can't buy a flat on your own if you are single and not yet 35 years old. 35 freaking years old! Am I supposed to hang around in my parents' flat, or burn my money in rent for another 5 years if I'm not yet married? With all due respect PM Lee, I want to buy and I want to buy now. I know you would like me to get married and propagate, but whether or not I can buy my own place now isn't going to affect that one single bit.
I am Singaporean. I am bred to be pragmatic. I don't like the idea of putting my hard-earned money into rent and helping some stranger pay his mortgage when I could be paying my own. And I hate it that I am not eligible for the $40,000 living-close-to-parents subsidy. Aren't I expected to take care of my parents too? I can only take care of them when I am married, is it? $40,000 takes me at least 7 years to save up. It ain't a piddle-squat sum, and you're not going to give it to me 'cos I'm not married.
I am not bloody earning enough to afford a private place. Two of my single friends have bought a $900,000 and a somethin'-million dollar condominium. Sorry manz, that's just waay out of my reach with my $2000-odd monthly income and GST going up to 5% and two parents to take care of, with my SINGLE income to boot. SINGLE. Did I say that loud enough for you? Is it such a crime to be single?
I count my pennies. I don't drive. I don't smoke, drink, club, go for spas, eat at expensive restaurants, go on month-long exotic holidays even though I would really like to do so. I have lived within my means for the last 6 years but even so, I find it impossible to afford my own place.
And I am angry.
Friday, June 08, 2007
Buying a HDB flat as a single person
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6 comments:
Hear hear!
*sits down next to misnomer outside some government building in silent protest
A thought flashes across my mind: you might as well drive, drink, smoke, eat at expensive restaurants...at least you are not missing anything else as single:)
alternatively, find ways and opportunities to change your life.
make opportunities out of difficulties.
not make difficulties out of opportunities,
This is an outrage and you have every right to be angry. I hope the PM heard your pleas. :-)
join the club! I can't afford anything where I live in Canada either... My friend just bought a house built in 1912 but is finding out she can't afford to live there! The savings are going down every month... Good thing there were savings to start with though!
Amen, and I hear you!
I live in the USA and I've been wanting a home of my own for a long time. Trouble is, nowadays unless you're part of a couple you can barely afford to rent, let alone buy.
One thought: I've been considering looking into foreclosures - homes auctioned at deep discounts after the orginal buyers defaulted on payments.
I've resisted for a long time because I hate the thought of profiting by someone else's trouble, but I'm beginning to think there isn't any other way. You might want to check with banks and mortgage companies in your area. Good luck, and don't give up!
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