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10/04/2012

In praise of great Sinkie schemes



The last few days have seen many young Sinkies crying out loud and screaming for blood. They are unhappy about the rising property prices. On the other hand, 800,000 Sinkies with HDB flats and many more with private properties are quietly congratulating themselves of their new found fortunes. And many are secretly praising the great schemes that the govt have devised to make them all so rich.

What the young Sinkies did not know or could not understand is that this great scheme of paying forward will also reward them when their time comes. Their parents bought flats at $20k/$30k and are now worth $400k or more. Some bought at $200k and are worth $800k or so. So what is the problem for them to pay a million now when they could see their flats worth several millions later? Just close the eyes and pay, and good things will happen. Don’t worry. No need to worry. We have the brightest and most talented with the best interest and intent to serve the people managing the schemes. It is all for the good of the people. Be thankful and grateful

This is a housing scheme, savings scheme and retirement scheme all rolled into one. All Sinkies that faithfully follow this scheme will be handsomely rewarded. The current oldies will retire as millionaires. The young today will retire as multi millionaires or billionaires in times to come. It is a sure win scheme.

Look at the good stuff, the bright future ahead and stop complaining. The schemes are very well thought out and planned by the best talents money can buy. Trust me.

15 comments:

Anonymous said...

This is like ridding on a Tiger's back. Come down you got eaten, continue your ass got burn. Whoes decision in the first place????

Anonymous said...

As in all things, those who make money will be in ecstacy. Those who missed the bus will be in agony.

But, come what may, you cannot take the million dollar property with you, nor the proceeds in any form, when you kick the bucket.

Death will be the leveller is so true.

Be satisfied with what you have, be in good health, do not be envious, and you will live a more contented and fulfilling life, devoid of worries, pain and sufferings.

Anonymous said...

i feel Sad for my fellow country men/women, we are heading for another crash and burn

We are bitch slapped by Adam's so called invisible hand?? and Smith has a fist up our arsed ...

The least they could do is give us a reach around ...

But knowing them ... we are just to be used and be thrown away ....

Bengster

Anonymous said...

Yes I agreed that this is a very good scheme. Most of the wealth is paper wealth unless you intend to migrate or downgrade but that would only be the minority.For the great majority, they will feel good and rich though they can't spend it and they are screwing the next generation.

Till of course when the music stop, the wealth evaporated but hey it's only paper wealth and one is still living in the same pigeon hole so nothing actually changes. Only thing is that one may feel poorer by then.

This is a great scheme and I fully support it so that the music will not stop and we all feel rich. Red bean, good job,

Anonymous said...

Just pray hard that it will last.

Anonymous said...

A mortgage of $100k or one of $1m, when things go bad....

Chua Chin Leng aka redbean said...

It is a very vicious thing to encourage wage earners to take huge loans for 30 years when anything can go wrong.

Talking about prudence? This is very high risk taking. Very irresponsible and very reckless.

Anonymous said...

"Just pray hard that it will last"

Who must pray hard that it will last? Those who are laughing, or those who are crying?

Those crying will want it to crash as soon as possible, so they can go in and bury the corpse.

Anonymous said...

Hahaha,the day when HDB 5 room hits S$10 million each is the day when Singapore really arrived,not far away according to our genius mathematician who is well known for his shrewed calculation.

Anonymous said...

Alamak, red bean, I thought you said this is a great scheme mah so why imprudent to take 30 years loan when now 50 years also available so the system can enslave two new generations but its good for 80% of the people who already own a property mah.

So the minority can only blame themselves born late what. The other 80% do need to watch their leases cause if kena expired also wake up to own nothing hor

Anonymous said...

Don't ever believe in schemes and schemers.

Anonymous said...

Something puzzles me. In yesterday's paper it was reported that sinkie universiites are training and preparing sinkies to work overseas in sinkie companies.

And Sin already so short of manpower is importing more and more talents from the third world only to export their own talents overseas to the third world.

patriot said...

Sinkies ate now much richer and rest assure they will be much richer as days go.
We may even pay $10 for a bowl of 'ang tau tng'. Even Redbean gets value add manifold.

patriot

Anonymous said...

For the participants it is basically a giant ponzi scheme. When the flow stops eg macro economic issues, SARS, terrorism etc, there will be hell to pay. Keep khong Guan Biscuit tins handy at home.

For the next generation coming up, it is really sad. It is well known that they already bear a heavier burden than their predecessors because of the aging population and the government still wants to load them with the responsibility of pumping the bubble or failing which to crowd with foreigners brought in to pump the bubble.

Hargraveztev said...

As in all things, those who make money will be in ecstacy. Those who missed the bus will be in agony. But, come what may, you cannot take the million dollar property with you, nor the proceeds in any form, when you kick the bucket. Death will be the leveller is so true. Be satisfied with what you have, be in good health, do not be envious, and you will live a more contented and fulfilling life, devoid of worries, pain and sufferings.