This Dr makes it sound like it is so easy for most millennial to buy overpriced house nowadays

Life is not only about getting a house, paying half or most of your monthly net income for over 35 years, and just die

Unless it is your dream house to settle down and you are really ready to commit, don't buy and just rent.

Don't listen to these boomer "experts" and get pressured into buying a property. They will never see things from millennials' POV because they are already established.

Also if you limit the number of max purchases / increase the downpayment % / reduce tenure

property price will crash, existing owner will suffer,
the bank will suffer with all their collateral value dropping, bank rating will drop causing cost of fund to increase and bank might collapse

you see the vicious cycle here.
can't just touch one thing without affecting another.

Buying a house is a privilege, not a right

The house is worth 2mil on paper; what if the parents only inherit the house and no cash. How's the kid supposed to pay the 100k cash unless selling off the house

The state should not have the right on inheritance, and we should keep it that way. We work hard for next generation, nothing wrong with that.

like it or not, "being born rich also a talent"

if poorfag then need to either work harder and just give up on home ownership like you said
there's nothing wrong with renting really, you saved shit tonne of money

also property is not for investment one, want to make an investment then go buy stock or put in asb/epf

This post has been edited by Unifi agent - YC: Jan 19 2024, 12:18 PM

exactly, always this mindset, everything subsidy.

always want to take from others.

I mean, everyone has their own choice; let them pick their priority la

as long as they are self-sufficient