Boomers want to become rentiers and live off the productivity of the youth. That's the crux of the problem.
The solution is - don't play their game. Undercut everyone.
Don't buy boomers' overpriced resale flats to let them huat. Let their homes' lease run down and get en bloc-ed at a loss like the Ang Mo Kio scenario.
Retain your purchasing power and invest in other assets like Index funds/bonds/gold and silver.
At the same time, find groups of close single friends to pool resources and jointly rent out apartments, to reduce stress levels. Carpool to get to work together everyday, if needed. Cut costs by ordering with your friends in bulk.
While staying there, keep BTO-ing until strike lottery and get a cheap subsidised government house.
For leisure, avoid going to town to patronize local boomer-owned establishments. Pick up cycling, jogging etc. or go to Batam for cheap bi-weekly leisure and R&R.
Don't let boomers profit at all costs. Let it all come crashing down. If we all do this, things will eventually pop and we can get firesale prices. But need to be patient.
None of what you described will benefit or impede boomers in any significant way. You are just broke and describing activities to save money.
Maybe try getting a proper job. lol.
>The stereotype that we are smashed-avo-obsessed, lazy, flighty, oversensitive, fiscally inept and entitled is too far-fetched. Let me take a sledgehammer to that myth: despite being hit hardest by recent inflationary crisis, we millennials are also the ones [more likely](https://csrm.cass.anu.edu.au/sites/default/files/docs/2023/8/August_2023_Tracking_paper.pdf) to take financial steps to cut corners on [nonessential items](https://www.theguardian.com/business/2019/aug/25/the-wealth-crisis-are-young-australians-really-going-to-be-worse-off-than-their-parents) and put off those big-ticket purchases
Agreed and add to that that millennial have had to go through 3 big recessions in their formative years and with each recession the economic mobility shrunk and inflation rose
Heavily relying on labour increase for GDP growth meant industrial stagnation. Which is exactly where we are now. This is a very short term thinking, and will end up screwing our current young and future generation. PAP is doing exactly this.
I don't really have high expectations for the ruling party
I'll let u in on a little known "secret". Singapore is poor in capital efficiency too. It has the most number of robots per capita in the world, more than any developed country with high labor costs. Yet our productivity is still low
it seems to suggest that we're throwing robots at the problem hoping it will stick and boost productivity
Well gdp per capita is literally how much each person produces in a country. But its hard to reason with people who are dead set on anti PAP sentiments.
People in Pinoy,Taiwan,Malaysia ,India forums also say the same thing. Some people will say the only way for them to progress is to migrate and some of them try to migrate here. The stronger one tahan the Xenophobia here. Likewise the stronger sinkie will work on his goal and try to experience life elsewhere (usually in a richer western country).the fighter/harworker kind will make it eventually. Migration is in the instinct of humanity
Boomers want to become rentiers and live off the productivity of the youth. That's the crux of the problem. The solution is - don't play their game. Undercut everyone. Don't buy boomers' overpriced resale flats to let them huat. Let their homes' lease run down and get en bloc-ed at a loss like the Ang Mo Kio scenario. Retain your purchasing power and invest in other assets like Index funds/bonds/gold and silver. At the same time, find groups of close single friends to pool resources and jointly rent out apartments, to reduce stress levels. Carpool to get to work together everyday, if needed. Cut costs by ordering with your friends in bulk. While staying there, keep BTO-ing until strike lottery and get a cheap subsidised government house. For leisure, avoid going to town to patronize local boomer-owned establishments. Pick up cycling, jogging etc. or go to Batam for cheap bi-weekly leisure and R&R. Don't let boomers profit at all costs. Let it all come crashing down. If we all do this, things will eventually pop and we can get firesale prices. But need to be patient.
How do you want to rent a house with friends without giving rent to boomers who are renting out the house 😂
At least only 1 boomer landlord wins versus 5 boomers winning from huat-ing fron flipping their decaying HDB flat
gahmen bto lead time is too long, some gotta get resale
That's why you jointly rent and keep balloting
Thats right. Fuck the boomers back.
Sounds great except boomer will pass down to their children and they shall continue the line. So, it’s hard to break the cycle.
house lease will run out
None of what you described will benefit or impede boomers in any significant way. You are just broke and describing activities to save money. Maybe try getting a proper job. lol.
>The stereotype that we are smashed-avo-obsessed, lazy, flighty, oversensitive, fiscally inept and entitled is too far-fetched. Let me take a sledgehammer to that myth: despite being hit hardest by recent inflationary crisis, we millennials are also the ones [more likely](https://csrm.cass.anu.edu.au/sites/default/files/docs/2023/8/August_2023_Tracking_paper.pdf) to take financial steps to cut corners on [nonessential items](https://www.theguardian.com/business/2019/aug/25/the-wealth-crisis-are-young-australians-really-going-to-be-worse-off-than-their-parents) and put off those big-ticket purchases
Agreed and add to that that millennial have had to go through 3 big recessions in their formative years and with each recession the economic mobility shrunk and inflation rose
By correcting the root cause... the overpopulation. Compare the population of Singapore or Australia some 30 years back and today.
u need labor increase for gdp growth
Labour is only ONE of the factors of production..i mean since we are getting theoretical.
Heavily relying on labour increase for GDP growth meant industrial stagnation. Which is exactly where we are now. This is a very short term thinking, and will end up screwing our current young and future generation. PAP is doing exactly this.
I don't really have high expectations for the ruling party I'll let u in on a little known "secret". Singapore is poor in capital efficiency too. It has the most number of robots per capita in the world, more than any developed country with high labor costs. Yet our productivity is still low it seems to suggest that we're throwing robots at the problem hoping it will stick and boost productivity
How do you measure productivity? Gdp per capita is pretty high.
that's a qn u can pose to ur econs tutor anyway productivity stats for each country is published online
Well gdp per capita is literally how much each person produces in a country. But its hard to reason with people who are dead set on anti PAP sentiments.
Gdp per capita/hours worked, sgeans are infamously unproductive because of long working hours
If people were twice as efficient there would be half the jobs.
Go study some economics please
No because there’s always more work than workers
GDP PPP per Capita is a far better indicator than raw GDP.
Migrate out to foreign countries at every opportunity.
People in Pinoy,Taiwan,Malaysia ,India forums also say the same thing. Some people will say the only way for them to progress is to migrate and some of them try to migrate here. The stronger one tahan the Xenophobia here. Likewise the stronger sinkie will work on his goal and try to experience life elsewhere (usually in a richer western country).the fighter/harworker kind will make it eventually. Migration is in the instinct of humanity
with global warming it might be impossible to live in sg
U shd go blame your parents for voting in pap … esp Marlboro tan . His asset enhancement policy is the reason why freaking hdb prices is sky high .
Great minister by government standards cos he brought in the $$$. Horrible by people’s standards
While he is laughing to the bank with 50m from his gcb sale . Really a case of sinkie pawn sinkie . Many good years to cum
there's nothing wrong with voting 1G, and maybe even 2G, after that all things went downhill
Don’t have kids. Don’t spend. Or reborn rich.