Firstly, you are charged market rates , and the sums cannot be used to help S’poreans now, because it goes into the Reserves, which can only be used for a “rainy day” in the future?
Secondly, you are given a so-called “subsidy”, which is charged as an expenditure in the Budget – and therefore you may have to be taxed more or pay more, to pay for it?
Thirdly, when your lease (99, 15 to 45 years) runs out, all your CPF & cash utilised for your HDB, will be gone?
Please say something, if you feel that the above is “illogical” or “not meaningful”?
