elites only think of tekan kaki people, squeeze kaki people…

if so smart those elites go n tekan other people, squeeze other people la…

no choice 人在江湖 身不由己

aiyoyo

Yet the ex Manpower minister claimed he had increased it over the long run.

So, PAP got us to let them keep our CPF monies longer and yet lower the interest rate for them to use it to fund some funny investments in the future, which we know is probably going to fail.

This kind of embellishment should be banned under the new media law right?

Of course, they are never going to do it.

They set the rules in the first place.

Question is why do we let them do it in the first place or more importantly, why do we let them do it in the future?

With the PAP, you still have to work your ass out.

Without the PAP, you probably have to work your ass out because of the mess they/he left behind but at least you got to say things the way it is and didn’t need a law to enforce that, when we know such a law is only applicable to the opposition and the public, never on MIWs.

My understanding is what HDB owners own is a LEASE. Its the HDB owns the building. In overseas, not the case.

Correct me if i sala.

“It is impossible to predict the trends and movement of the economy. Considering every ten years there has been a major economic disaster, i think the price fluctuations can be discredited.”

By your rationale, is the CPF interest enough?
Can you retire as planned?

So, no one can be responsible?
So, what do you predict your future will be like?
Oh, i forgot, whatever you predict is unpredictable by your logic.

TODAY – HDB ’s Lease Buyback scheme
An option, not a last resort

Letter from Lily Wong Jee Choo
Deputy Director
(Policy and Property)
Housing and Development Board

WE REFER to letter “A second chance at home” (Feb 10), on the Lease
Buyback Scheme (LBS). The LBS is a generous scheme specially designed to
meet the needs of the elderly. It allows them to continue living in the same HDB flat and neighbourhood, while leading a more financially secure retirement.
It is an option to unlock the value of the flat, in addition to subletting a room or downgrading to a studio apartment. It would be a missed opportunity
if elderly home owners see the LBS only as a “last resort” for “dire circumstances”, to quote the writer. We hope that those who are eligible will seriously consider whether the scheme suits them. He has suggested for
the tail-end of the flat lease to be redeemable by lessees or their family, some time after they have signed on to the LBS.

We will study this idea as part of the review of the scheme, taking into account public feedback after its launch. HDB will also continue to reach out to the elderly to enhance public understanding of the scheme.
We thank the writer for his views

“i think the price fluctuations can be discredited.”
With economic crisis, yes, it does bring about financial difficulties, but dos it decrease the price? no…during the crisis, we seldom see deflation to offset the inflation that happens in that past 10 years, so price fluctuations is definitely there.

as yourself this, even in the UK. are the stuff that you are buying the same price as 10 years ago? simple enough?

I think what the gahmen is trying to do here is to instill a better quality of life for the aged. You cannot expect the gahmen to give free handouts to them (yes i will turn old one day) hence the next best alternative for having an improved quality of life yet retaining the roof over their heads is this measure.

The money they are getting will go a long way in ensuring basic necessities and also medical fees covered.

Sometimes i wish we were bigger and richer like the UK to get free handouts like welfare and free medical care. I read somewhere in the daily mirror that it cost the country 140 billion for the healthcare costs of 20million people..

but you can pass it to your decendants whom you love.