Singapore's Reality
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HVR:
..We should aim for a system where everyone can realise their full potential. We as parents must know some kids have higher potential than the rest. I for one would not want my kid to compete with scholars or force my kid to participate in all kind of competitions and then complain life here is stressful. What if others want to do it? They may do so.
Certainly good to know there are many avenues to which kids can realize their full potential. Many parents, however, fear for the less able ones, perhaps due to certain social disadvantages, how to propel them and help them realize their greater potential, and there is certainly room for improvement in this area. I heard something in the budget pertaining to education in this aspect, and they are starting at pre-school level. -
concern2:
I think no matter what, we have to acknowledge there will be inequality, perceived or actual. We cannot expect government to level the playing field for everyone. Govt can only do it at the policy level, the rest is up to us. Greater emphasis at pre school education to weed out the 'inequality' is a good move. But we can do more as an individual. For example, if I earn low wages, would I want to have 4 or 5 kids? I see many low income families with many kids. No amount of baby bonus and child care grant can help you to nurture all your kids qualitatively. I would rather have only 1 or 2 kids and concentrate on them rather than thinning my resources.HVR:
..We should aim for a system where everyone can realise their full potential. We as parents must know some kids have higher potential than the rest. I for one would not want my kid to compete with scholars or force my kid to participate in all kind of competitions and then complain life here is stressful. What if others want to do it? They may do so.
Certainly good to know there are many avenues to which kids can realize their full potential. Many parents, however, fear for the less able ones, perhaps due to certain social disadvantages, how to propel them and help them realize their greater potential, and there is certainly room for improvement in this area. I heard something in the budget pertaining to education in this aspect, and they are starting at pre-school level.
Many other examples. Like buying the car and the property that you can ill afford. Overseas tour annually. Posh dinning and so on and at the end of the day, complain and complain and make Singapore sound like an inhabitable place and stir and incite their negative feelings and thoughts on Internet subjectively. -
Another example. People are now talking about using personal loan for down payment in order to buy car. Complaining about the latest measure to arrest the run away car price. How to be happy like that? Die die must have car?
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I feel that this policy should have been implemented years ago, if it was, there would not have been such an extreme countermeasure now. Remember the times when cars were so cheap, they were popping out at pasar malams? 2 dollar hyundai driveaways, anyone?
anyway…
it is madness to buy a car now and the ones that can buy cars are the ones flush with a lot of cash.
If one buys a car now it would be 90k for COE and anther 50 k for the car itself, total about 140k which means 70k for down payment, another 70k for servicing over 5 yrs
which breaksdown to about about 70+ down, 1200+ monthly
if one is a PMET or young parent starting out with a family,
buying a car is REALLY unwise…
lets say they are both grads and median income about 7k
means take home about 5600.
must pay 1200 out of the 5600? must be mad.
seriously, if the powers that be had just instituted this rule YEARS ago, the car population would be manageable.
ah well. at least now we have less people going bankrupt because they cannot service their car loans. -
HVR:
Another example. People are now talking about using personal loan for down payment in order to buy car. Complaining about the latest measure to arrest the run away car price. How to be happy like that? Die die must have car?
I understand that there are many people who will never be able to afford a car but the abruptness of this change may make people take drastic measures. If someone was planning to replace their car in the next few months assuming no down-payment and they now have to come up with 100k how do you think they feel?
They may have very good reasons for wanting a car - working place not easily accessible by public transport, elderly family members who need to be transported around, children who need to be taken to school. For our family, our whole lives and schedules are based on the fact that we have a car - yes, we could survive without one but it would mean a drastic change to everything that we do. Including my husband never being home in time to see his children at night. Not life & death but the government talks about \"quality of life\".....ours would go downhill without a car. -
One can keep his fingers crossed that with this new rule, the COE will come down. With that the car prices will come down and those who need will be able to get a car at a reasonable price. Yes upfront cash payment will still be more but owning it will be more manageable.
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Joule:
Car population are governed by the number of COE issued. nothing to do have affordability or car priceI feel that this policy should have been implemented years ago, if it was, there would not have been such an extreme countermeasure now. Remember the times when cars were so cheap, they were popping out at pasar malams? 2 dollar hyundai driveaways, anyone?
anyway....
it is madness to buy a car now and the ones that can buy cars are the ones flush with a lot of cash.
If one buys a car now it would be 90k for COE and anther 50 k for the car itself, total about 140k which means 70k for down payment, another 70k for servicing over 5 yrs
which breaksdown to about about 70+ down, 1200+ monthly
if one is a PMET or young parent starting out with a family,
buying a car is REALLY unwise....
lets say they are both grads and median income about 7k
means take home about 5600.
must pay 1200 out of the 5600? must be mad.
seriously, if the powers that be had just instituted this rule YEARS ago, the car population would be manageable.
ah well. at least now we have less people going bankrupt because they cannot service their car loans. -
[quote]
Car population are governed by the number of COE issued. nothing to do have affordability or car price[/quote]yes but my point is car price + COE is expensive and under these new rules it is not wise for young families to go and get one, in the short term -
nms1:
Can extend your family car COE for another 5 years....unless LTA change the rules again...HVR:
Another example. People are now talking about using personal loan for down payment in order to buy car. Complaining about the latest measure to arrest the run away car price. How to be happy like that? Die die must have car?
I understand that there are many people who will never be able to afford a car but the abruptness of this change may make people take drastic measures. If someone was planning to replace their car in the next few months assuming no down-payment and they now have to come up with 100k how do you think they feel?
They may have very good reasons for wanting a car - working place not easily accessible by public transport, elderly family members who need to be transported around, children who need to be taken to school. For our family, our whole lives and schedules are based on the fact that we have a car - yes, we could survive without one but it would mean a drastic change to everything that we do. Including my husband never being home in time to see his children at night. Not life & death but the government talks about \"quality of life\".....ours would go downhill without a car. -
nms1:
Aiyo! Just buy a 5-6 years old 2nd hand car lah. Don't have cash still want to be so high class for what?I understand that there are many people who will never be able to afford a car but the abruptness of this change may make people take drastic measures. If someone was planning to replace their car in the next few months assuming no down-payment and they now have to come up with 100k how do you think they feel?
They may have very good reasons for wanting a car - working place not easily accessible by public transport, elderly family members who need to be transported around, children who need to be taken to school. For our family, our whole lives and schedules are based on the fact that we have a car - yes, we could survive without one but it would mean a drastic change to everything that we do. Including my husband never being home in time to see his children at night. Not life & death but the government talks about \"quality of life\".....ours would go downhill without a car.
Just a cursory search on sgcarmart shows you can get a 9/2008 Nissan Sunny for less than $35k or a 5/2007 one for less than $28k. Don't even have to settle for a Proton. Like that also cannot afford better take public transport.
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