Mike
7 posts




A patriotic film in China backfired because a growing number of Han Chinese don’t see the Manchu-origin Qing dynasty as a part of their history. buff.ly/BrRNVOV


I call this the “fake wealth” cycle Most Singaporeans view property as the only way of wealth accumulation “Oh, I have this HDB that I can sell for $1.5M which means I can buy a $2M condo which will go even higher” What most Singaporeans don’t realise is that when you ‘sell high’, chances are that you buy high What ends up happening is a cycle of continuous mortgage and a perpetual debt cycle You think you’re getting millions for your property, but you’re actually just maintaining the same amount of debt, for your time Shortsightedness has killed many of the people I know and before they know it, they’re forced to work for an employer till they’re 65 just so they can pay off their $2M condo, and their $400K continental car






