My suggestion is you go back and read the FULL TITLE OF THIS THREAD before you make your post because you look like someone who has comprehension problem.

Learn to read bro. everything i already clearly stated in the 1st post. really tiring have to restate my statement everytime because people can't read properly.

if you think too long not worth reading, why bother posting?

and at the end of the day, can you sell that only house that you own?

At the end of the day, the house is not zero value.

At the end of the day, the house can be sold, up to you.

and if you sell it, where you going to stay?

sure it can be sold, then you have to bunk with your kids or buy another unit that is a downgrade from your own

or rent

which tend to cost about he same as the one you sold or cheaper if you downgrade

the reality is, as your house appreciates so do others.
well at this point aint people complaining about stagnating income?

erm, renting doesnt mean you are homeless

and didnt i say i dont account for emotional attachments
you go lurk moar la, lol

personally if you do get there great, but its not an assured number, some people do have stagnating income.

Long story short, there is no one answer to housing situation. Every person has different need and capability. TS original statement "poor people should not buy apt & condo" is essentially correct.

The poorer people are, the more they should think about long-term value. Like super long-term, including the potential value for their children. Most of the middle-income people who are doing reasonably well inherit wealth in the form of property from their parents. Even if they fall on hard times, there is a security net that ensures that they still have a roof over their heads.

Even if they cannot break into middle income during their lifetimes, poor people should try to help their children get out of poverty by investing in long-term assets that can be passed on to the next generation. This way, over the generations, the descendants can accumulate wealth and break free from the poverty chain.

P.S. - Anyway, kipidap! Need more people to rent my property and give me money.