38 year old PMET here. Did ok in life. Worked a corporate job but have not much to tie me down here besides family.
All the euphoria about the rising property prices in Singapore has to be a top signal. Property prices are falling and mortgage rates are rising globally and somehow, we believe that SG is this invincible bubble?
Something I don’t have the balls and bandwidth to do (yet):
1. Find citizenship elsewhere.
2. Withdraw my CPF.
3. Short the Singapore stock market with the proceeds.
There is no future for me here. This is a country for those born with a golden (silver aint enough) spoon in their mouths.
Looking at our birth rates and unfavourable costs of raising children, we won’t even have the young populace to support the tax burden of maintaining all our healthcare needs in the long run. Our shiny MRTs and other public amenities aren’t cheap to maintain either.
There’s plenty that needs changing before I can believe this is a country which looks out for the future of its younger adults as opposed to maintaining the net worth of the rent-seeking older ones.
This country behaves like there is a perpetual motion machine to prop all this up. I am not that optimistic.
Here are what netizens think:
- Thanks for donating all your money to Singapore economy
- I think because of the crazy inflation affecting cost of living, there is a fear we can’t afford our own country anymore. I as an older person am also anxious that my nest egg seemed to have strunk. Dun feel so secure as before. But where do you suggest to go? It’s seems like due to the more fluid immigration flow, alot of more eligible countries have tightened their immigration laws. Still, this may just be a rough period, we need to ride it out. Inflation affects everywhere.
- Okay, so what are you going to do about it? Being a keyboard warrior won’t change things. They are not going to change. The problem isn’t just them.