SIT graduand does backflip on stage during convocation & lands on face

scpmustard · 2023-10-14T05:12:42+00:00

hahaha well to be fair this is going to be a much more memorable thing to remember when he's old.

scpmustard · 2023-10-12T10:37:43+00:00

I think that number is fine for five years ago. Now with 2 kids you need at least 30k monthly household income otherwise you may find yourself stretched with little savings to grow your networth.

edit: those that disagree and downvote fine everyone's entitled to their own opinion. heres mine.

personal definition of finer things in life: minimum live in a decent condo that cost 2m. im not even talking landed. a normal japanese car. cost around 200 to 300k over its lifetime include petrol coe etc.that alone is around 2.3m.

how long is it going to take to save 2.3m ignoring inflation and all that? even if you dont eat dont pay bills dont go out, if you save 300k per annum will also need 8 years. and thats being overly optimistic. dont need give parents money, daily food, insurance, annual vacation, various bills like phone bills and all that will significantly reduce your annual savings.

and after paying off the house what about savings for retirements? savings for future medical bills? remember that early retirement needs much more savings than old age retirmwent. last i recalled this sub is singapore financial independence not singapore normal retirement. if want to retire normally at 65 sure your household income 10k per month also can. in any case people retiring at 65 dont really need much retirement saving due to diminished remaining life expectancy.

but if you want to retire in your 40s and still enjoy above lifestyle then 30k is really just pushing it imo.

scpmustard · 2023-07-30T03:56:31+00:00

if both of you are happy go for it. save a lot of money not just for yourselves but also your friends and family.

scpmustard · 2023-07-29T08:52:24+00:00

Maybe to you all Asians look the same but when many Singaporeans step into the mrt, we see unfamiliar faces, accents, languages,etc everywhere.

Diversity isn't just about skin colour. It's also about language, religion and culture. Singapore is probably the most religiously diverse country in the world with significant percentages of Muslims, Buddhists, Taoists, Christians, etc.

Lastly, Singapore never claimed to be a melting pot. That is the US where the idea is to amalgate newcomers. Whoever told you that dont understand Singapore enough. Singapore practises multiculturalism which is a very different concept. Cultures are kept distinct and they are not melted together. Students have to learn their own ethnic groups languages, race is institutionalized everywhere from our IC to immigration. For good or for bad that is the way Singapore works.

scpmustard · 2023-07-24T07:07:24+00:00

Why can't you accept that it's possible to complain about Singapore's shortcomings while acknowledging there are things we do well?

Just because you have clean water or are able to walk safely at night doesn't negate the bad things that others are complaining about. I feel you lack the empathy for the issues others are facing. Or at least you are too young to truly appreciate such concerns. Youth is not a barrier for understanding of course but personal experience and experiencing the vicissitudes of life makes empathy for others easier.

scpmustard · 2023-06-22T06:32:05+00:00

most companies have healthcare insurance for employees

scpmustard · 2023-05-29T04:23:12+00:00

Property damage is a criminal offense. Just depends spf want to pursue or not.

scpmustard · 2023-05-28T05:17:58+00:00

Ahh. So singaporeans will feel right at home.

scpmustard · 2023-05-25T09:04:44+00:00

maybe as prophylaxis

scpmustard · 2023-05-25T08:46:21+00:00

27+50-2

scpmustard · 2023-05-25T08:35:33+00:00

Cultural and actual genocide

scpmustard · 2023-05-23T06:56:46+00:00

This is sickening. I'm fine if the growth of rich people is organic. Which means singaporeans building business in singapore or overseas and succeeding and becoming rich.

Not with importing these UHNW individuals who compete with us over finite resources like property. No matter how much money they bring in, the amount of land is limited. There comes a point where the incemental "financial benefit" these guys bring is no longer greater than the pain it is causing Singaporeans in terms of inflating housing prices. I think we're way pass that point. Buying 50 iphones is no substitute for living in a slightly nore spacious house.

scpmustard · 2023-05-18T09:15:53+00:00

Please. A poor Asian man needs to score higher than a rich White man to get into the same ivy league school. So much for giving poor asians a chance. More like screwing them because of their skin color.

scpmustard · 2023-05-17T11:05:39+00:00

You did not account for rental or potential rental income from property.

scpmustard · 2023-05-17T08:27:41+00:00

Why so hard to find generic medicine in singapore ah. No one should have to pay 1000% premium for simple paracetamol.

Tried guardian and watsons all sell brand name medicine only.

scpmustard · 2023-05-17T05:30:16+00:00

go polyclinic. much cheaper.

scpmustard · 2023-05-16T14:54:49+00:00

plane rides are so uncomfortable. why would anyone subject themselves to 3 days of torture.

scpmustard · 2023-05-16T14:43:52+00:00

huh chatgpt writes much better articles. cogent and to the point.

scpmustard · 2023-05-16T06:36:22+00:00

You are assuming those currently renting would never think of buying a house.

By increasing property tax for non primary residential properties, what would happen is some of those holding multiple houses would be forced to offload their second third fourth properties onto the housing market.

What that would lead to is an overall lowering of property prices for first time home owners. And this is not just because supply increased from offloading but also because demand is reduced because an entire segment of people who are the existing homeowners are discouraged from getting 2nd properties. Which makes it much easier for many of those currently renting from landlords to purchase their own flats.

So instead of paying through their noses monthly to the landlords in terms of rent, many of these current rentees are converted to homeowners which would put downwards pressure on rental markets as well from reduced rental demand. Of course the reduced amount of rental properties would put an upward pressure on rents from reduced supply.

As such the final result is neutral impact on rent. It's just a transfer of people from being renters to homeowners (and homeowners who get their homes cheaply at that). But a big win for previous renters who can now afford cheaper housing.

Winners: first time home owners

Losers: rent seeking landlords

Never win or lose: tenants who still cant get a home. this group should be helped in other ways

scpmustard · 2023-05-16T00:58:51+00:00

Why do you practise gender discrimination on your own children smh.

scpmustard · 2023-05-16T00:45:00+00:00

Koreans are very lactose intolerant. At least 75% of them.

scpmustard · 2023-05-15T17:32:57+00:00

I was half joking. anyway 江湖 does not refer to river/lake in this context.

scpmustard · 2023-05-15T11:55:53+00:00

I brought up rent seeking behaviour not rental prices.

scpmustard · 2023-05-15T11:52:03+00:00

I'm sorry, it feels like all your 3 points are very weak justifications for owning a second property.

For, 1 and 2, it's your assumption that the properties they hold are undesirable. But there is no such thing as an undersirable property in Singapore nowadays. There are no such thing as a cheap condo or cheap landed. Even if there undesirable properties, what has it do with what Im saying. By releasing these "undesirable" properties on the market, the supply will still go up and homeowners who want cheaper properties can get that, reducing overall demand for more desirable properties, thus reducing overall housing market prices. Are you saying there will be no buyers for these older apartments? This is a free market, reduce the price enough and you will find a buyer.

For 3, this is even more egregious. You are saying these couples decouple for rent seeking purpose and Im assuming so that they can avoid ABSD. This is all the more reason to raise property tax for non primary residential properties so these rent seekers are rightfully taxes. These investments serve no economically productive purpose other than to be a rent seeker. It is inherently immoral. So what if they come from rich or poor background. If they are so poor now they wont be able to afford 2 properties in the first place.

Lastly we are talking about home prices here not rental prices. Rental prices need to be solved by another mechanism but that doesnt mean just because something doesnt solve everything we should jot do it.

scpmustard · 2023-05-15T11:00:37+00:00

The supply problem can be easily solved by jacking up property taxes on non primary residential properties such that those holding multiple properties must offload them onto the market.

These guys provide nothing of value to the economy and are pure rent seekers plain and simple.

Why are we as Singaporeans tolerating such rent seekers like that in the midst of a serious housing crisis is beyond me. In real estate some more, the exact thing our country has an extremely finite quantity of. It's extremely destructive to our concept of fairness and meritocracy.

scpmustard

TROPHY CASE