本帖最後由 古惑強 於 2010-11-10 01:30 編輯
Not trying to be condescending to the younger generations, but why tie oneself to a flat so early in their lifes, surely besides owning a flat that must also be the right time to do either one of these :
1) Experience life, visit different places, different cultures, broaden the view.
2) Keep a regular savings on a monthly basis, regardless of the circumstances, if 1 month have un-expected spending, one need to make up the short fall by next couple of months.
3) Save up the first pot of gold, as the 1st pot is the most difficult one.
4) One can use the 1st pot of gold as investment seed money or some other kind of business venture. There will be some success and a lot of failures in between.
5) After accumulating more experiences in life, then one can consider about marriage / flat etc., and expanding the family etc.
This is not a fix route, however for someone who invest in a flat too early too soon in their life (regardless of the property cycle), they will be sucked into the burden of mortgage payment for next 10~20 yrs, all the other possibilities in life would disappear under the weight of the long term mortgage.
Young people with insufficient savings run an additional risk of career instability, once out of job, there won't be much savings left to service the mortgage for any extended period of time, there are huge financial risks / commitments there. |