Quote:
Originally Posted by globalcookie
CPF for housing
It's actually good. Put it this way, without our forced savings, many youngsters may not even accumulate enough for downpayment.
|
Good ? Think again.
CPF for your housing is so that they can increase the housing price to whatever they want it to be and when u still can use your CPF to pay, it is then deemed affordable.
Most will slog their whole life, pay for their house and left with nothing by the time they reach retirement age