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PR Newswire
22-12-2012, 01:21 AM
Housing is still the best generic indicator of a household's wealth. There were reverse mortgages before but were not well received and actually had a top-up provision when asset prices declined, which doesn't make sense when the owners are depending on the income for livelihood.
The excuses in the article also don't make sense, from "not in the right mindset" to "not easy for them to adjust"... I wonder why these reasons are not valid for heartlanders when the foreigners were taking away our jobs? I am empathetic towards elderly trying to make a living, but I think there are more woeful cases for the government to be involved in. I agree with the conclusion that "it is difficult for the Government to extend even more help to these private property owners if they continue to hold on to their private properties. These elderly folk need to realise that through their wisdom of buying private property in Singapore in the early years, they now have a comfortable income if they dispose of their existing private property and are willing to downgrade"
You can't have your cake and eat it.
The excuses in the article also don't make sense, from "not in the right mindset" to "not easy for them to adjust"... I wonder why these reasons are not valid for heartlanders when the foreigners were taking away our jobs? I am empathetic towards elderly trying to make a living, but I think there are more woeful cases for the government to be involved in. I agree with the conclusion that "it is difficult for the Government to extend even more help to these private property owners if they continue to hold on to their private properties. These elderly folk need to realise that through their wisdom of buying private property in Singapore in the early years, they now have a comfortable income if they dispose of their existing private property and are willing to downgrade"
You can't have your cake and eat it.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)