27-04-2012, 01:45 PM
(22-04-2012, 01:18 PM)D123 Wrote: I realize also that they may be another class of people who might want/need to participate in today's residential property markets - those who are ineligible for BTO, low to middle wage earners, but genuinely wanting to buy a first home for themselves. This would include singles, and Singaporeans with non-citizen spouses. However, these two groups of people, historically, have not been able to catch the attention of our government. I guess the best choice for them would be to rent a place for the time being, while waiting out the property cycle.
Actually for this group of people, i also think the best option is to rent. Many people consider renting as a waste of money, but if they take up a loan to buy a house, they are also wasting money on interest.