3 room HDB flats

[Without_a_car]

One of my 3 room neighbour drives a Honda Stream, I think the car more expensive then the 3 room flat (the 3 room flat was $80,000 6 years ago in walk in selection)

[Mrlau]

One of my 3 room neighbour drives a Honda Stream, I think the car more expensive then the 3 room flat (the 3 room flat was $80,000 6 years ago in walk in selection)

 

Then MBT is right, our HDB is affordable......

[Without_a_car]

Then MBT is right, our HDB is affordable......

 

I wouldn't disagree. 6 years ago my 4 room flat was $125,000. I didn't even take a loan to pay for it.

[Scoots]

those living in such flats are supposed to be the lower income group. but their carparks are fiiled with altis, sunny, civic, latio and even an occassional mercs/bmw. hard to find a lot at 8pm on a normal weekday. cars must have been so cheap that even those living in such flats can afford it.

 

its good that this is about to be changed as the quota is going to be cut further.

 

2 fallacies here:

 

1. Assuming a person's income based ont he car her/she drives

2. Assuming a person's wealth by the type of housing he/she stays in

 

Put those 2 together: This statement doesn't hold up much

[Windwaver]

Then MBT is right, our HDB is affordable......

 

 

Then MBT is right, our HDB is STILL affordable......

[Maxus-MIFA9]

Ha..ha.. at Blk. 5 Lor 5 TPH, those no room no hall type, did saw 1 Nissan Z350, SLK500 and BM 525.......

 

 

so 3 rooms flats is still ok lar......

[Optix]

As the saying goes: it's not how much you earn, but how much you save.

 

There are a lot of millionaires living in HDB flats. They are often referred as 'Crouching Tigers, Hidden Dragons' - unwilling to flaunt their wealth with material purchases.

[Without_a_car]

Lehman brothers minibonds saga open eyes to how much cash Singaporeans have...

[Throttle2]

Ok..perhaps Warren Buffet, one of the richest man in the world is also lame to you because he is still staying in his old house (bought in 1958) in Ohama while making money out from his other assets.

 

Whether a person is lame or not got nothing to do with whether he is rich or not.

WB does it not becos, it can save him that few thousand dollars worth of rent.

But becos of sentimental reasons.

 

If you dont understand the difference, then you may never understand the difference.

I hope you understand, for your own good sake

 

Plenty of folks like you in forums, use single minority exceptions as basis of their arguments without understanding the truth behind.

Common.

 

Anyway, why should you be so affected by what i think is lame?

Or did you get pricked when i mentioned that you opinion of high salary is actually not high?

If so, i apologised that that remark made you feel small.

 

Cheerios

Edited May 29, 2010 by Throttle2

[Throttle2]

As the saying goes: it's not how much you earn, but how much you save.

 

There are a lot of millionaires living in HDB flats. They are often referred as 'Crouching Tigers, Hidden Dragons' - unwilling to flaunt their wealth with material purchases.

 

You will realise that the profile of a millionaire staying in HDB is quite specific.

When you study that you will discover why.

 

 

 

 

[Mike1234]

Yeah , my 3 room neighbors here drive mostly premium contis, plenty of Mercies , Bimmers, Audis, etc..and the odd handful of supercars.

Japanese and Korean cars also have, but much lesser.

 

It's funny that my landed house neighbors drive much cheaper cars, mostly japs, handful of E class and 5er, a few S class and 7er.

I'm the only 6er around. no supercars.

 

 

Well, some children still live with their parents even if they start working.....Furthermore, some of them are university grad....

 

I have a cousin whom is still living with his parents. He has his own family( wife and 2kids), his family (father,mother and sister who is a air-stwards...)

 

They own a Toyota Camry, Honda Fit and Mitubishi I(OPC)....

 

By the way, they live in a 3 bedroom flat.....

 

Thus even a house hold has like 3 cars, i personally find it ok....

[Picanto]

Lehman brothers minibonds saga open eyes to how much cash Singaporeans have...

 

that's the minority of singaporeans

[Throttle2]

Well, some children still live with their parents even if they start working.....Furthermore, some of them are university grad....

 

I have a cousin whom is still living with his parents. He has his own family( wife and 2kids), his family (father,mother and sister who is a air-stwards...)

 

They own a Toyota Camry, Honda Fit and Mitubishi I(OPC)....

 

By the way, they live in a 3 bedroom flat.....

 

Thus even a house hold has like 3 cars, i personally find it ok....

 

 

Sure. agree.

 

but, your cousin should really get his own place. and stop spending money on cars but a roof over his own family's head instead.

[Junjie]

those living in such flats are supposed to be the lower income group. but their carparks are fiiled with altis, sunny, civic, latio and even an occassional mercs/bmw. hard to find a lot at 8pm on a normal weekday. cars must have been so cheap that even those living in such flats can afford it.

 

its good that this is about to be changed as the quota is going to be cut further.

 

 

U have something against such group of pple living in 3 rms flats? Get a life.......

[Albeniz]

I have a cousin whom is still living with his parents. He has his own family( wife and 2kids), his family (father,mother and sister who is a air-stwards...)

 

They own a Toyota Camry, Honda Fit and Mitubishi I(OPC)....

 

By the way, they live in a 3 bedroom flat.....

 

7 people living in a 3 bedroom flat? That might be abit squeezy though.

Edited May 29, 2010 by Albeniz

[Damienic]

You will realise that the profile of a millionaire staying in HDB is quite specific.

When you study that you will discover why.

 

Usually housing agents and insurance agents?? Care to share your insight on this?

[Picanto]

7 people living in a 3 bedroom flat? That might be abit squeezy though.

 

still managable. open the windows for better ventilation

[Throttle2]

Usually housing agents and insurance agents?? Care to share your insight on this?

 

 

Nope.

 

The millionaires living in HDB flats are majority, people in their older years, people who have done a lifetime of work concientiously and are usually retired or semi-retired. People who have saved hard and invested fairly and have brought up their kids to adulthood in the honest Singaporean way.

 

That said, they are usually not true millionaires in the effective sense of the word.

They may have a paid up hdb and net worth of more than $1mil but usually less than $2mil.

 

 

Edited May 30, 2010 by Throttle2