The Condo Lovers Fight Back! The Great Property Debate!

There has been much debate over the condominiums and what they signal about your social status; especially in Mr Loo's last video, with many comments being made about the topic. What does Mr Loo say about this?
Find out with Mr Loo in today's video!
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[@christyhilton1919]

Mr loo, don't think you should do such content going forward. It's generate too many unconstructive agruements. Making no sense. Everyone has the right where they want to do with their life. Live where they want to stay irregardless of financial status. So long we are happy. Our families are happy we will buy despite sg homes are expensive. I stay and own all housing types in singapore over the years in singapore and i had good and bad experiences, good and bad neighbours. We should respect everyone choices. Shouldn't categorise them into rich or not. So superficial. All type of singapore housing are good buy unfortunately everyone need to overstretch nowadays as long as they need to change big or small now as price change. Thankfully, most singaporean are more well to do now.

[@jet-xr2zj]

He wants to stir sh1t to gain traction for his channel what can we do? It's his free will. As long as one is confident and happy of their own decisions, don't bother too much.

[@coclim5712]

@@jet-xr2zjI just unsubscribe recently😂

[@cathhl2440]

@@coclim5712😂 can’t help but still watch.

[@kendrickcan3919]

You are exactly right. Totally no value added content and using specific examples to prove his point without any logical sense. It's like saying there will be there are also rich people who do not own cars. Isn't that an obvious conclusion? It is not only obvious but totally disingenuous comment because there will always be people who own cars who are both rich and also poor. Just like there are people who do not own cars can also be rich or poor. What is the purpose of making such a nonsensical statement?

[@fanlie1576]

Owning a condo can be seen as a form of forced saving. However, there are trade-offs involved, as you may need to sacrifice certain short-term comforts for long-term financial benefits. Buying a condo requires careful consideration and a strong commitment, especially if you have family. Additionally, anyone who wish buying a condo to rent out, please keep in mind the following expenses: 1/ Monthly interest on your mortgage, 2/ Monthly condo maintenance fees, 3/ Annual property tax (IRAS), 4/ Additional Annual income tax (IRAS) on rental income, 5/ Landlord responsibilities: As a good landlord, be prepared for additional costs related to repairs or replacements as per the tenancy agreement. 6/ Think again for other potential expenses (based on your situation). Many people overlook or are unaware of these expenses in detail. Compare all these expenses with your rental income and potential capital appreciation of your desired condo to make an informed decision. And finally, ensure you forecast your cash flow for at least 6 months ahead-the longer, the better.

[@cathhl2440]

Interesting point. Forced savings. Mr Loo or Dragon Tan want to pick up this strategy? Good idea?

[@jet-xr2zj]

Mr Loo's objective is to create controversy to boost eyeballs on his youtube channel. Full of generalisations and superficials. Anybody involved emotionally on his topics are just wasting your energy. Whether you are hdb or condo camp, chill and treat this as entertainment. You are free to live how you want. 😅

[@yf6601]

Exactly.

[@coclim5712]

🎉 Bingo

[@TS-pg1ns]

I agreed with your view. Ultimately he loves the youtube income he get from this channel more than really helping you guys to invest long term else why he need to talk abt US stock market movements every other day like a stock market trader. Never seen him pledge any amount of his youtube income for a good cause. Even if u want to intern under him, he said he would ask what work or skills you have to offer in return first before he consider having you.

[@zhenxiong5389]

Best comment

[@fanlie1576]

Agreed. Whether anyone choose to live in an HDB flat or a private property, both options are perfectly fine, and there’s no need for stereotypes. What matters most is that we and our family feel comfortable. Home sweet home is the most wonderful.

[@KelvinKing]

As a former condo dweller, there are generally 3 groups of people staying there. First group come from Old Money, they are the most humble and their condos fully paid off and loaded. Second group are businessmen, they generally are capable of paying off the condo in full cash and quite humble as well. The last group is the one that Mr. Loo is referring to, and they fit the description quite accurately and are the ones that I avoided...

[@leanne2330]

Yes. Their first ppty and talk loud and expect all services done for free by town councils. Quite embarrassing when they get told of by those bold non locals.

[@kendrickcan3919]

@@KelvinKing nonsense. There are many salaried people who are in middle magameny positions and they can afford condos comfortably. There is absolutely no evidence to say until as if the majority of those staying in condo are having some form of financial difficulties. This is what the writer wanted to portray, which is totally incorrect.

[@charissatan5209]

Actually I feel that having a condo can preserve more wealth than hdb since condo prices rise more than hdb. Many people get condo as an investment as it is much easier than stocks and shares. For me, I owned both hdb n condo, I struggled for 13 years to pay off my condo n now m enjoying my passive rental income. If I did not struggle to buy my condo (which some people were against me of doing so last time), I will not have $5000+ passive income mthly from rental now. Sometimes, we need to bite the bullet now for a better future. So for me to stretch myself to own a condo is worth it. If there's no good passive income in Singapore, it's hard to retire. No pain no gain.

[@Mike-e1n]

@@charissatan5209 it has its own problems also !! I owned 2 condo but very sian also! Not as rosy as many preach

[@cynthianeo9977]

Not everyone like u so lucky have the extra money to buy both.

[@kendrickcan3919]

@@charissatan5209 you are exactly right. There are many many scenarios and it is just wrong of the writer to use a few extreme examples to try to justify his case. Totally illogical.

[@xfall86]

I also own an investment condo. And equities are way easier than maintaining a condo

[@Mike-e1n]

@@xfall86 agree lor!! I should have done the other way buy equities

[@captainrubber]

Owning a condo doesn't mean you are rich or poor. Being able to own a condo just means that your monthly income is sufficient enough for a bank to grant you a loan to finance the condo. Meaning on average one is making a middle class income. In a way if you are still financing a mortgage you are still poor as you are still in debt. Think Mr. Loo definition of poor is someone making a middle class income but has 700,000 in mortgage debt versus someone who only has 200,000 in mortgage debt. So I guess it is ridiculous for someone who is 700,000 in debt looking down on someone who has 200,000 in debt. Who is richer ? Someone who can pay 160,000 in cash for a Japanese car or someone that is only able to pay a deposit and has to take out a loan for 260, 000 for a European car. End of the day it boils down to your values and priorities. I know medical specialist and medical directors that make more than the average middle class person and yet choose to stay in a HDB and drive a normal Japanese car. Let's face it just look at what someone does for a living . A doctor, lawyer, pilot .. who stays in a 4 room HDB are you going to label them as poor? Likewise your average civil servant who lives in a condo are they rich? Staying in a condo just means you are willing to take on the risk as well as to take on the challenge of financing a big monthly mortgage. Of course if you can afford a condo, drive a luxury car, and have no or very little mortgage debt compared to your income then you are rich. Sorry to say it know your place and don't pretend to be something you are not. I am a peasant with no aspiration of looking like a noble. If the "'nobles'' want to look down and me and laugh. So be it. I rather stay in my HDB, not have to worry about the mortgage, have money to support my children's education/enrichment, spend on my hobbies, and still have enough to travel.

[@simonlow3039]

Depends on wether you see the debt as good debt or bad debt

[@steffilee8415]

​Good debt or poor debt, u still have service your mortgage. Worst, have to pay interest.. At the end of many years then u can earn money out of it. So for the first few years, have to live with stress.. Each day, u stay in the condo, u can't really enjoy it cost at the back of your mind.. The mortgage u still need to pay. U can't stop working or switch ​ your job.. Debt still is debt. Let say u bought a condo is 1.9 million. 10 years later. The condo value is 2.6 million... But u are still paying 1.9 million. Whereas other have to pay 2.5 millions in order to stay in this property. U will earn from this if u sell. If 10 years later, u are still servicing your mortgage. U decided to sell, u will earn at 600000. U profits.. But still have not finished your 1.9 million loan. U sell your condo and downsize or down grade. U still have to fork out money to buy another flat or house.. At the end of the day.. U still will not earn much...

[@cynthianeo9977]

And also make sure u have yr job there to pay your bank loan

[@kendrickcan3919]

@@captainrubber the biggest issue is that the majority of people do not care about whether you are staying in a condo or HDB. If the topic of discussion is about not overstretching budget, then yes, this applies to anyone buying even a flat that should not overstretch to buy a 5 room flat if one can only afford a 3 room flat. The argument about perception of condo vs HDB is not even a mainstream thought process and seems like the writer was trying very hard to justify to himself why he is still living in a HDB and trying to show to everyone that he is rich but still staying in a HDB.

[@captainrubber]

@@kendrickcan3919 Think bottom line like you mentioned is no one really cares and we shouldn't be concerned if others think we are rich or poor. Caring about what other people think and letting if affect you will shorten your life.

[@Callsign-Blade_RunnerSG]

Hi Mr Loo, absolutely agree with your views. As a HDB dweller, I never quite understood the rationale behind purchasing a condo other than it’s facade. I find people staying in HDB are also generally nicer and more tolerant towards their neighbours. I often find myself questioning why would these people want to get such an overpriced property simply to flex? Sure, they look good on the Outside but Condos units are generally smaller to the point of being cramped, monthly maintenance fees are ridiculously high for utilities that they seldom use. Lastly as an owner, why would you want to be controlled by a group of committee members of so called “Elites” of their respective fields telling you what you CAN or CAN’T do in your OWN place? 🤦🏼‍♂️🤷🏼‍♂️

[@leonleong9863]

Agree !! Overstretched to live in a condo is not the best way to live especially in Singapore where cost of living is notoriously high.. We should be more open minded !!!

[@leanne2330]

Overstretched in general carries high risk. Buy 5rm vs afford 3 rent are also overstretched mah.

[@kendrickcan3919]

@@leonleong9863 you may as well say dun even buy any property and just rent. Then surely won't overstretch relative to owning a property or HDB right? That is not the issue here. The issue is that he is just using a few skewed example as his justification as if everyone who buys a condo is probably facing some kind of financial issue.

[@leonleong9863]

@@kendrickcan3919 So long as you are not overstretched it should be fine. The stress goes to those who do, especially in a weak economy.

[@kendrickcan3919]

@@leonleong9863 you are exactly right and I agree with you that we should not overstretch budget. But for him to say that many people just want to buy condo to 'look good' for social status reason as one of the main reasons is quite nonsensical.

[@alvinlim-eg5ql]

Many condo owner are very scared others think they are not rich, that is why, they get veri emotional, when Mr Loo say many condo owner are poor.. 🤦‍♂

[@kendrickcan3919]

You made this statement "I didn't say ALL condo owners are poor!" this is such an incredulous comment to make just to try to explain your way out. People have commented about you but NO ONE in their right mind would be accusing you to mean that ALL condo owners are poor. What you did was really disingenuous. People were merely saying that what you said is not accurate or reflective and they definitely didn't mean to say that you meant All condo owners are poor. It is common sense that this statement is illogical in the first place and no one would make such a silly assumption. It is like saying all landed property owners are poor, which is totally silly and an illogical comment to make. So no, you are wrong. No one in their right mind would say that you meant to say that all condo owners are poor. No one would mean that so do not put words into others and try to hide your own error. You are really twisting words left right centre.

[@bessieling3719]

Mr Loh, low density condo living in big land well-managed with good facilities like big playground, big swimming pool, clubhouse, badminton/tennis/basketball court, mini market gym, game rooms etc provided for family gathering/ exercise. Especially after hard day work. Children love playground with seesaw, swings, do hide and seek. It's personal preference whether you are rich or not. Houses don't have those facilities. Life is good choices you make where it gives you & family PEACE and fulfillments. Money is how everyone managed.Tks

[@kendrickcan3919]

Your 2 videos on this topic is rather illogical and self-serving from the examples and statements that you have used. In your videos, you keep stressing to people to stop stereotyping that HDB dwellers are generally poor or not as well to do or successful as those in a condo. In the first place, it doesn't mean that everyone is stereotyping in the way you mentioned. Of course there will be some people who does stereotype and this is normal. But you shouldn't say as if the majority is stereotyping. Furthermore, the examples you used are rather illogical. You said that there are also rich people living in HDB and poor people living in condos. Of course all scenarios are possible. You can also have rich people living in condos and poor people living in HDBs. So what is your point? You cannot just use a specific example to try to make your point when it is logical that there will always be some rich people living in HDB and some poor people living in condos. It is rather silly to state the obvious! What you cannot do is to take a few example and make sweeping statements to prove your own hypothesis. It is silly. What is important is to use the norm data and majority data to make a sound and informed view. From the data, I am sure that in general as a median, the income levels of those staying condos would be higher than those staying in HDBs and as a median, you will have more successful people as a percentage living in condos as compared to HDBs. This is the data that you should be using and not using a specific example that there are also rich people living in HDB ad your argument. It is rather nonsensical. It is like saying out of 100 people who eat McDonald's everyday, not all will be fat. Of course that is the case. But from statistics and probsbility point of view, those who eat McDonald's everyday ad compared to those who do not, there will be a higher percentage of people who will be fat. In your video, you even make the incredulous comment that "stop thinking that private property is the only and sure way to financial freedom". Who is saying that? Is everyone saying that? Obviously no. You probably just used 1 or 2 persons view and make an illogical statement as if this is what everyone is saying. Totally illogical comment. Your main contention point of your video is not to overstretch budget. I think that comment is fine but to go one big round to make comments as your did about poor/rich people living in HDB/condo and all your other non-data backed statement is really nonsensical and shallow in my view.

[@MasterChiefSpartan]

Ask them to read the books "The millionaire next door" & "The millionaire mind"

[@goheechoo]

Warren Buffett sums it up in clear terms when he says, “The real cost of any purchase isn't the actual dollar cost. Rather, it's the opportunity cost - the value of the investment you didn't make, because you used your funds to buy something else.”

[@nasiltan9044]

I live in a condo. But condo was the only option for me as I am single and below 35. I needed somewhere to stay and I don't want to pay rent. There is a whole lot of issues when staying in a condo. It is not all about status or prestige.

[@woonty9981]

Ego or low self esteem will play a part regardless of HDB or condos. Some low self-esteem need to prove otherwise using their property

[@kialim]

Regardless of where they stand in the private vs public housing debate, one thing I've noticed in the comments is that everyone has a perception that they are the smarter, and therefore more right than the rest.

[@ryojinkiiro940]

Including you, me and Mr Loo :)

[@Ace-bm3ys]

Owners living in private just be humble. Even if it’s financially stretch, it’s your own choice.

[@mattseto-q1i]

If Buffett is Singaporean, he will stay in HDB. 😂

[@jwcas318]

Yup, listen to Mr. Loo and save yourself from a lot of pain in the future! Important thing is not to overstretch oneself, especially in the years ahead. Look at the world today. Two wars and a third one coming... and there may be more! End of globalization, a multipolar world and the rise of the 4th industrial revolution with AI, robotics and machine learning that replace jobs at every level and industry. Nothing and no one are spared! The world is changing rapidly, there are more uncertainties, but people are still stuck in their old mindsets, thinking that the party will never end. Many in China bought the high and heady days of the real estate market in 2020 to 2022 and are now suffering heavy losses. Nobody knows what the future lies, but the days ahead are definitely tumultuous! Be prudent & stay safe! 🙏🙏🙏

[@stephenang499]

70 percent condo owners are rich, 70 percent of HDB owners are poor

[@cynthianeo9977]

70 percent condo owners are in debt, 70 percent of HDB owners are not in debt.

[@stephenang499]

@@cynthianeo9977Why do you think that all condo owners earn so little and HDB owners earn so much? The maximum income ceiling to qualify for HDB will scale the affordability factor for both sectors.

[@sweeyanang1321]

no one likes to be labelled poor, the very people calling condo dweller status chaser r most conscious about social status

[@Ace-bm3ys]

Good debt or bad debt have a big difference

[@sweeyanang1321]

​@@Ace-bm3ysunfortunately the knowledge gap is there and most people are still stuck in the 1st stage of wealth building, going bad debt free. Unfortunately inflation is going to work against u if no progress is made beyond go debt free

[@LemonT1401]

HDB owners are not all poor. There are many ‘free rider’ who take advantage of staying in HDB to enjoy subsidies, qualify for Govt payout due to house value and under declare business income.

[@nlee7980]

Why is there a need to debate this topic which does not value add to our knowledge and building of our own assets?

[@AndrewKoh-d1l]

Need to be like Mr. Loo buying property in JB, make Malaysia great again! where future Singaporean will become foreign worker in Malaysia.Huat AH!

[@raymondgoh6884]

The cond. manager is perfectly correct. He/she is the best person to establish the actuals.

[@amazingrace238]

The real debate is not about rich or poor. It’s about the willingness to spend on big ticket items. My HHI is $42k a month. Stay in old resale hdb. Size and location is important to us. Also on track to retire before we hit 50.

[@maxp670]

To generalize by saying the condos kids are snobbish or the condolers and landed folks like to show off is absolutely rubbish !!!. Those who did not venture earlier missed the boats.

[@lcldan]

Exactly, privates are a form of investment.

[@dabolvar]

End of the day, no right or wrong. Depends on family situation and preference. Plan your finances properly. Don't overleverage. Do your due diligence. Be a nice human being and treat everyone with respect. Asset progression is just one form of investment which EVERYONE should do some form of. Some like stocks, some like property. Both can help you grow your wealth and both have downsides that you must be aware of. The worst option of all is to do nothing and let your money devalue in the bank or cash. When you are young and have more energy and earning capability, if your finances allow it, property can help to diversify your portfolio in addition to other investments. Know your end game. For me, property is just another vehicle to help grow my assets. In the future when it's time to retire, I hope my investments, whether in stocks or property will give me and my family more options to choose how we want to live our lives.

[@Mike-e1n]

Mr Loo you are stress FREE and Debt FREE! You lives the Best life travelling to any where you want at anytime !!! I am certainly admiring you! In fact I hardly find anyone life is better yours!

[@1m65]

Many of the Condo and Landed Property lovers say my life is missing something because I didn't join them

[@Mike-e1n]

@@1m65 they want to be haolian Lor! I owned 2 condos and 1 HDB but my HDB most comfortable… enjoying my HDB space !! I have never lived in my condo one day in my life !!! I should have invest into SPY if I had the chance to know you 10 years ago ! Anyway last 4 years I have been maxing my CPF after watched your talk with CPF Board in 2020. Sadly my CPF having still less than 1 million at the age of 50! Very sad but nevertheless I will continue to max my CPF and DECLUTTER my condo after consulted Chris Tan. He is A very wise man all all of us must treasure !

[@Xamael666]

[(Bloomberg) - Singapore will continue to monitor the private and public housing resale markets closely following its latest round of cooling measures in August to boost the affordability of public flats. The government “will not hesitate to act decisively to ensure prices remain in line with economic fundamentals,” the Ministry of National Development wrote in response to a parliamentary question on whether additional curbs are being considered for the private condominium market. Singapore’s new private home sales in July rose to the highest level since March, recovering from its weakest first half on record. The government is still trying to ramp up private housing supply as it grapples with concerns about housing affordability and rising private home prices.]

[@stockkid8515]

As a general statement, HDB owners might think they have 5m, which means rich Liao. Maybe to a condo owner, rich means 25m GCB 100m. I stay in an HDB and have a few m. I don't think I am rich compared to really rich condo owners. This is a general statement. u do sample size; u know for sure condo owners are richer than HDB owners one lah. GCB sure richer than condo owners generally...

[@margaretchong1450]

People's employees who drive big exotic cars, live in landed properties are migrant workers when they go home. They worked in Singapore taking advantage of the SGD1 = 3.x their home currency.

[@ylein6508]

I had no choice but to fork out more money to buy condo only because I couldn’t get any hdb in the area I wanted. I love hdb environment, people are friendlier. Only thing I like about condo is fewer random brochures left at my front door

[@spinvalve]

There's no feeling more empowering and liberating than to be 100% debt free while seeing your income compound as you approach your retirement years. Feel free to try and convince me to the contrary 😊

[@Mike-e1n]

Absolutely!!! I am rushing to pay down my loan waiting for my loan to be called !!! As soon as developer call I rush to pay ah !! Dying to pay down to the last $0.01 cent!

[@margaretchong1450]

It makes laugh watching this video. It is like you know a substantial few fools in a certain area，begin to generalise that everyone there must be fools. There are condos, and there are condos. Tell you secretly, some people will never buy a unit in a mass market condo. Those are HDB upgraders' enclave. They will lament no government grants for their maintenance fees, do not attend AGMs, yet up in arms when there is an increase. They don't understand. But they want private pool, private lift, private gardens and security guards. These are the ones who 打肿脸皮充胖子。The poor condo dwellers. But i agree that the HDB dwellers are the most fortunate people on earth, except when you have bad neighbours who occupy the whole corridor with their hoarded items, those who mistook the common areas as their toilets.

[@AndrewKoh-d1l]

Wiser move is buy more JB property, make malaysian rich!

[@gladysloy5780]

Creator of the video mentioned his objective is to “educate” people not to overstretch into buying condo. But just look at both videos titles, it suggested differently. Comments made by creator, are mostly one sided, biased, social divisive & defensive.Everyone is having different purpose, reason, family situation on their home purchase. Unnecessary to compare or subscribe to others’ view & perception on the type of home one stays in.

[@cceriouslyy]

Appreciate the tone of your delivery and how you clarify yourself! yes, we sld all respect each others’ view. can always agree to disagree.

[@iwanmuzaki8049]

I have close to 1 million dollars in cash and investments. I dont drive, and i travel around in bicycle/public transport. I own a HDB and eat rescued food. HDB owners are not necessarily poor

[@hengkweetan4360]

I buy condo is to stay at first, and then hold for rental and invest more condo for more profits, but I am truely a hdb person and enjoy the convenience... I feel I am not poor because I work hard to service the loans and I want my kids to buy either BTO or pte condo, whether poor or not poor, is not good to compare hdb and pte property owners.

[@gabrielchan4420]

5:05 1% to 10% are defined as the minority. You can call 1% of a million is significant, but that’s just outright misleading

[@cashewdadify]

his bias is clearly shown

[@leonsoh7925]

Stop dreaming! There is no such thing as debt free in this world… we r already in debt the minute we r born… from giving allowance to ur parents to getting married, getting a house and having kid… even if u have finished paying off ur housing loan so what? U dun need to eat?no utilities bills? no transport cost to move around? no hp bill? All these are still things u need to pay for leh… every day u open ur eyes in the morning, u start paying for something… where got debt free? The only time we can really achieve debt free is when we cant open our eyes anymore (if u know what i mean) 😅

[@rafique5060]

A frugal person is always rich. Simpe equation.

[@theincredibles6517]

Thanks for clarifying. I moved from one pte condo to another ... no regrets. There is only a minority that acts high and mighty. Most of us are very down to earth.

[@sherpard]

Thank you Mr Loo for your videos. Thought provoking and entertaining!

[@maxp670]

Everything comes with a right timing n wrong timing. If you have invested in pte Condos or landed 15 or more years ago , yes, you are in good shape bcos property prices lead by HDB have tripled/quadrupled during this period, so Pte and landed property especially the freehold ones.had risen in tandem accordingly.. No need to debate.

[@ganhaithong2097]

Didn't U guys knows Singaporean many HDB owner also own condo n many condo owners also own HDB .😅

[@east6-7]

In Malaysia, most local Chinese tend to prefer landed property over condominiums. Preferences can vary significantly across different countries.

[@sp33dbump33]

The HDB income ceiling for purchasing new flats exists for a reason. Those who earn above the ceiling but are not considered wealthy shouldn't be labeled as "poor" or criticized for not exploiting the public housing system. They are simply respecting the intent of the policy, which is to ensure that public housing remains available to those who truly need it and not for those who are financially well-off but choose to exploit the system. Wealthy yet lives in an HDB flat as a show of "humility," it's not a sign of modesty-it's selfish, stingy, and self-serving. By playing the "low-profile millionaire" card, you're not only seeking unnecessary recognition but also driving up HDB prices, making it harder for those who truly need affordable housing to access it.

[@DexterWonderland]

Mr Loo keep it up! This is like CPF all over again. We need to Open everyone eyes

[@kkkoh8984]

Should the govt gives more grant to Condo owners since they are poorer. Haha. Thank you Mr Loo for raising this up.

[@j1o23kfgall]

no other content topic ah, keep on stirring on both sides, lol

[@mymemorieslane]

Even in dating app most of the ladies will use this to generally gauge where you stand, they will straight up ask "where do you stay?". If you answer condo or bungalow, you score a ticket to go out with her. If you answer HDB, instantly the conversation will be closed by her. The reality of girls nowadays, too materialistic. However, the truth is that they do not know that most rich ones are humble and prefer to live in HDB, and those in condos are full of debt and higher egos. Higher egos are usually the ones who couldn't last long in marriage and end up getting divorce.

[@xfall86]

Lol absolute bull. Stay hdb but dated 100s no issue

[@WanderlusttheWorld]

There are rich and poor people in condo. There are rich and poor people in HDB. I am 100% right because I cover the whole spectrum.

[@sferrelin]

Having debts or not having debts in your 40s, 50s or beyond is subjective. There could be some condo owners, million dollar hdb owners or branded car owners would prefer to have debts on their huge purchases so as to keep them motivated in their jobs, can’t quit easily.

[@zhenxiong5389]

Very shrewd and smart to create yet another clickbait video. Then another clarifying video. I am sure someone of your calibre knows the connotation of the word “many” meaning majority, though it can mean otherwise. Most condo owners are not poor. Most HDB owners are poor. That is a fact. You could aptly name video “some people overstretch finances to buy a condo” don’t get you as many views. I can say I am quite sick of your antics and have opt to only view your videos selectively. Sad to say you lost respect and will continue to lose respect from a good portion of subscribers.

[@SmissesK]

Unsubscribed a while back. Low quality content & sub par delivery. Cannot make it as interviewer or interviewee 🤦‍♀️

[@kingriteh]

While your channel view rate continues to increase, the perceived values of you deteriorates significantly. Since there have been already so many feedbacks on the comment section, will not further elaborate One thing I will teach my children/younger generation is to own up what they say and do. Don’t return to disclaim or blame others

[@tedchandran]

Jai Hind. Owning 4+ HDB preferably near amenities is now the easiest path to join the rank of millionaires for most Singaporean folks.

[@xiaoxin5689]

How do quantify 'many'? Personally, i think All = 100%, Many = 75%, Average = 50%, Some = 25% or less. With your statement of 'Many', it is like you quoting 75% of Condo Owner is poor. =D

[@LonganLee]

Two Comments to share: 1. It's silly for condo dwellers to rebut angrily because it belittle themselves. A really rich person does not care what was said. He is confident. 2. This proves English is Ambiguous. How so? What is "Rich" to different people is different. Rich to a person is someone with $500k in the bank. But that's not rich to another person. Someone can regard $1m as rich while the really rich regards $10m and above to be rich. So, those lambasting belittled themselves in the public domain. It's entertaining. They prove their ignorance of the above points

[@jche3622]

Hi Mr Loo, you are right. Like you, I have staffs who stay in the condos and own Mercedes and BMWs. I would say it’s a choice of life. My family choose to live humbly to have that option to retire or continue working, and the freedom to go on vacations any time we want. Rich is to be free and how fast we can achieve that depends on the choice of lifestyle and expectation in life. There is no right/wrong to CONDO/HDB; and which one is richer or of a higher status but rather which option brings you happiness, and this; everyone have a price to pay.

[@AndrewKoh-d1l]

should stay JB. Make Malaysian richer.

[@choonhockong8215]

Nothing grand of staying in condo. I prefer staying in hdb flat, simple life is a happier life.

[@DisinfoWatch]

If you had won $10m CNY ToTo, would you buy a condo? Or is your statement simply due to lack of funding? Cope.

[@tanchristopher995]

Between staying in a HDB and own a Porsche, and staying in Condo and drive a Toyota. I will choice the latter as it make more financial sense. Nevertheless, all these are personnel choices.

[@beanisme]

Hahaha. If condo is cheap, I'm sure all will wanna buy it 😂😂

[@RGM-0079]

How about buying a house from Johor...while the exchange rate is still high might use it to advantage...or maybe stay with your parents house for a decade or so to increase more savings until you are ready to buy a house if you are not in the rush in your life...

[@kanghuatan2960]

Aiyo to each his own la. What's the point to even compare..life is never fair..

[@Mike-e1n]

Generally those stay in condo half half rich, not very rich but of course look richer than HDB only.

[@holdthel1n331]

Agree with Mr Loo.....Too bad Money can't buy health and time back. We will see

[@whis5448]

Condo people were rich, while HDB people were wealthy aka no need to worry about money. Want to look rich or wealthy is own personal choice mah.

[@edwinwee267]

I don't see the purpose for this discussion other then to stroke controversy. To what end does it matter as everyone will have different take and reasons for HDB or Condo. Does not make it more right or wrong?

[@jeff6161]

Why is the need to fight back. I will be very glad if people think I am not wealthy

[@BorntobeFree-ke4rl]

Regardless if you live in a HDB, Condo or landed, always learn to live below your means and save for rainy days. If you adopt a positive mindset towards financial freedom that monies need to bring happiness for self and family to build upon experiences the world provides. Not everyone wants to live a lifestyle like Mr Loo and the cheap Charlie mentality.

[@Bieffe]

I cannot buy BTO leh, genna ban by HDB cos i hit income ceiling. This type of statement is trying to tell u a problem or showing off? Rich is when one spends what he can afford. If u dont spend then may not be so rich after all. But everyone has their own risk level so lets no generalise. But yes there is a social difference. Just like every school is a good school statement.

[@lisakhooteong]

A small survey of HDB dwellers or condo dwellers is not representative at all. It's all about what people feel makes them happy. If people were not so conscious about it they will not be discussing or defending it. Even HDB has prime area and non prime these days. Mr Loo can do a video on that too. I agree should not overstretch to own a private property or even a car. Many people borrow to drive a big car.

[@momoba123]

Just because he lives in hdb doesnt mean others must follow. Mamy owners can afford it due to their ability and hard earned money and not having to depend on family to help them. Living in condos gives the privacy..we wont get harrassed by unsolicited salespeople appearing or knocking at our door. We can take walks inside the our own private. estate.

[@steffilee8415]

What make u say every time salesperson will knock on your door in HDB. I stay there, I could hardly have anyone knock. Most people stay in condo it because they sold their HDB BTO, from there they get some money to upgrade.. Nothing to be proud of.. Also your hard earned money goes service your mortgage, what so great.. So don't look down on people staying in HDB.. Your parents also stay in HDB. Unless u born rich.. But look at u also have to service loan. Like most people..

[@est4574]

Hello, now no such things knocking on your door. If you scare ppl knocking your door, don't order grab food, deliveroo n panda. I don't agree with your comments too.

[@est4574]

Lastly, don't look on hdb people too. Don't tell me you never hdb? Hdb better then condo. Gd 6.

[@leanne2330]

Do u know who are the newer condo owners? HDB lah. Once your children buy Condo, I shall watch your immediate view change. Do not generalise, first. Those not really on forward mindset, pls stay on and do not move. Be happy and let others find ways to force save instead of living cheaply. Money means differently to everyone. Live before too late.

[@mchan1970]

Interestingly, the owners in my cobdo estate drive japanese cars but a few of d tenants who are Singaporeans drive fancy cars.

[@Diderot68]

You know how rich or how poor you are. No debate or argument is going to change that.

[@KelvinTan808]

what is there to fight back? Even if you finish paying the HDB Loan . There is still acurral interest

[@chairman-meow]

HDB flats owners do not own their flats. But condo owners do own their apartments.

[@choonhockong8215]

Leasehold condo is just like owning an hdb flat, and condo dwellers would be poorer at the end of the leasehold ends.😂

[@cynthianeo9977]

Unless u buy a freehold condo.

[@chairman-meow]

@@choonhockong8215 you cants use a HDB as collateral.

[@chairman-meow]

@@cynthianeo9977 you cants use a HDB as collateral.

[@eleanoroh20]

only those living landed property is considered rich that is truth let face the fact

[@Syedsai]

Can pay downpayment for condo means rich already lah. I also want to stay in condo but no $. So i am poor. Simple to understand. At least i got my BMW. (Bus, Mrt, Walk)

[@zhengjs3463]

will condo have higher chance of Enbloc over HDB after 45yrs? can someone advise

[@kenjikenji4870]

I prefer to stay at condo..can exercise in gym room..

[@27legato]

😂 I don’t think condo owners are poor. In my experience as condo owner, I feel a lot condo owners are self entitlement and complain a lot. You seriously touch on the wrong topic with a wrong group. miss the easy going people in HDB.

[@zhengjs3463]

condo dweller can fall into poor state if suddenly breadwinner lost job and remain jobless for long time. Illness strike and drained off their reserve. Condo dweller can also get into financial difficulties just like hdb dwellers.. our financial situation can change along life journey...

[@cynthianeo9977]

Yes u are absolute right.

[@royng7079]

Those who are angry are insecure people 😢😂

[@kennySg101]

Condo can be a status symbol. You said they are poor they won't admit it even they do right. You day I say no use. Bank account got money more important.

[@jonathantan1690]

Many stay in condo because of Face Value

[@fool1124]

Why do you think you have the right to social policing the public. Ppl are snobbish regardless what type of housing they choose

[@marvint480]

As the saying goes "Money makes the mare go". Hence, money does not bring out the worse in us. But, brings out our true colours.

[@carnesir]

I have never been this early to comment since I was born

[@Mike-e1n]

But it is true that Condo and landed owners are not able to travel so often and eat in any restaurants they want to. Count to the last cents …every week chiong to paylah $3 😢 they sounds rich but real poor

[@cynthianeo9977]

No, they must not be jobless.

[@Mike-e1n]

@@cynthianeo9977 yup!!

[@cindytan184]

Mr Loo you are right

[@boon799]

Great video!

[@jinwooo2724]

I respect all the comments and I have personally learnt many valuable lessons from Mr Loo. However, I do not understand the relevance of this video and the discussion. IMO this is a topic where everyone's right. You will definitely find people in every situation mentioned. Maybe our privileged background has diluted our common sense. God help us 😂

[@1m65]

The main gist of my message is very clear: don’t overstretch yourself in buying a condo. Not worth the stretch.

[@zhengjs3463]

there are rich sporean who stay hdb too..they can buy branded luxury car... why does govt give rebate based on housing type..there are rich hdb dwellers who doesn't need help

[@lesliefoo838]

yes that's true...so perhaps govt should give grants taking the cars into consideration.

[@XuWu-d1t]

Waste of time delibrating on this issue

[@maywang2472]

he is the richest

[@ritchiewantschange]

well said!

[@Autonomous19kpsf]

How much do you think ion is worth if developer develop condos ? Talking abt psf