Hanging a millstone around your neck

With property prices going higher and higher, with a 4 rm design and build HDB flat going for $500k and above, the loan portion of the transaction is certainly going to be bigger. Other than those upgraders, a new buyer is going to borrow in the region of $300k or more. Then there are the private property buyers when the loan can be half a million or several millions. But that is a market where the players are very well off and is not an issue. Back to the small people's market when a young couple starting life could be settled with a huge loan to service. Touch wood that everything goes smoothly, and the job and the high pay, and the higher pay expected down the line will be there, it is still affordable. What if, the job is not there, what if the plans are derailed, it is not easy to service that kind of loan. Thrift and frugal living are good virtues to live by. Do not over commit. But not many are giving such advices anymore. And the property developers will keep urging people to commit, it is cheap, can't get it cheaper, good buy. The sales pitch is irresistible. Who does not want to live well? And our system is designed as such. You want to live well, you are welcomed. Prepare to pay like well. There is no turning back once committed. With so much money committed to housing, to car and transportation, and education and medical, there is no savings and no safety lines available except rich parents or family fortunes. Many will be hanged by the millstones around their necks if things do not work as planned. An economic slow down, a crisis, and all will end in big debt. The good living will be gone with the wind as fast as the wind blows.

The Silence of the Lamb

Sssssshhh.... I heard the lamb roars ... and then silence.

New measures to boost fertility

'SINGAPORE: A new package of measures to raise Singapore's baby count will be introduced next month, said Deputy Prime Minister and Home Affairs Minister Wong Kan Seng. Speaking at the 150th anniversary celebrations of the KK Women's & Children's Hospital on Sunday, Mr Wong warned that Singapore's population could be hard hit if its total fertility rate is not boosted....' ST. Let me offer a few suggestions. 1. Sack the whole Film Censorship Board. 2. Stop checking and arresting people bringing in VCDs and DVDs at the causeway. 3. Free prescription of Tongkat Ali and friends. 4. Generous buffet dinner of prawns and oysters huh. 5. No one allows to stay in office after 7pm. 6. No night ERP charges. This one a bit tricky. No ERP charges may slow down traffic and delay reaching home early. 7. Lights off at 10pm to save electricity. Video watching permitted. 8. Media Corp needs a new programming team. Too many comedies and laughters may drive away the urge. What else? Money not enough if the small stuff refuse to work.

Prepare for more parking hikes in CBD

We are cheaper than London and Sydney. And Sydney is charging as high as $1000 pm for parking in the business district. What we are paying, about $300, is way too cheap. Gear up motorists, there are plenty of rooms for higher parking fees. How can the operators be short changed when they can charge more. And we are not even the most expensive city in Asia. We need to be number one. Then we can brag about how good we are for people willing to pay number one prices to be here. It is a sure measure of a great city.

Sacrificing our child for our own benefit

A Primary One child starts school at 7.20am. Depending on the distance and mode of transportation, the child may have to wake up before 6am to get to school. Now why is there a need for a child at such a tender age to start school at 7.20am? Oh, the parents need to go to work. So they need to pack the child off to school first, could be on the way to work. Huh? For the convenience of the parents, for the convenience of meeting working hours, we force our little ones to wake up so early in the morning, sleepy eyes, to go to school. Are we humans or monsters? For all decency, there is no need for young children to start school before 9am. The parents can go and sort out their own problems. Do not sacrifice our children for the sake of the adults.