4 ms·
Did you notice the key point? Property prices. They are out of reach. A friend from my last office wants to buy a home. He has essentially a guarantee of lifel
by lrem 12y ago
Did you notice the key point? Property prices. They are out of reach.
A friend from my last office wants to buy a home. He has essentially a guarantee of lifelong employment, with a salary that today equates to something around 3000€/month pre-tax. He wants to own a small house in the neighborhood where he's renting now. But he's searching for a few years now, as he doesn't want to pay a million for it. Yup, 27.7 years of pre-tax salary for a small house. And mind you, this is not even a capital city.
- lazylizard 12y agoi imagined singapore was unique..take the price of the house(http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatMedianResalePrices?OpenDocument http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatMedia...), multiply it by 2(because loans and insterest), divide it by the income(http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx)... i'm always wondering how many singaporeans have a flat of their own...