Pay for life for an HDB pigeon hole

From: bear
Date: Wed, 23 Sep 2009 07:35:57 -0700 (PDT)
Local: Wed, Sep 23 2009 10:35 pm
Subject: Re: Pay for life for an HDB pigeon hole

> The Papist government took a piece of land they pay nothing or free of
> charge and started telling you it is worth $millions. They go on to build
> pigeon holes and tell you that each holes are worth the market price even
> though it has been "heavily subsidized". No money? No problem, but you can
> still buy and not before they clean off all your CPF savings and you pay the
> remaining mortgage until Thy Kingdom Commeth. You owed the Papist government
> a living. You have been enslaved to work and pay back those "jacked" housing
> loan for the rest of your life.

> Remember to vote for the PAP. They are your perpetual masters. Your fate and
> future are in their hands and determined by them as long as you are here and
> they are in power.

> Cheap "affordable" and heavily "subsidized" HDB pigeon holes selling at
> market value.

> http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Stor...

You pay $350k for a flat that cost less than $100k to build.

You don't have $350K? take a loan from the bank. Now you have not got
enough money to retire? Reverse mortgage your property, pray that you
die before you run out of money.

Why are you working for your entire life to buy a flat that does not
is not even 2 years of your salary, and you have not got a single cent
left when you die?

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