The more housework man do at home, the higher rate of divorce

[turquoiselady]

Wow there are some disturbing responses.

It's not so much abt the housework in particular but housework does reflect the attitude of individuals. If both sides are like very individualistic and all about career and putting on a power shower, then it won't work. The things we do cant be totally the same for both parties. I think modern marriages that work is where husbands dont pressure wives to do things, but out of love, the wife is happy to make the effort...

 

[Ash007]

The two income trap. Too lazy to reiterate whats said in it.

http://www.amazon.com/Two-Income-Trap-Middle-Class-Parents-Going/dp/0465090907/ref=sr_1_1?s=books&ie=UTF8&qid=1349074327&sr=1-1&keywords=the+two+income+trap

you need to elaborate a lot more on this. how does one jump from women's emancipation to high property prices and need to have dual income?

 

[ionzu]

The two income trap. Too lazy to reiterate whats said in it.

interesting excerpts from the book. so are you suggesting the government is deliberately inflating the price of homes because the dual income couples can afford it?

or that dual income couples are bidding up the price of homes?

 

[Ash007]

Its all in the book. I'll just say that rising house prices is not just a Singapore phenomenon. If you think back what can be achieved with an average household salary, versus what can be bought nowadays with a modern average "family" income, we have actually gone backwards. Here is another video to whet your appetite.

[video=youtube;8GHg3GAeQ1Y]http://www.youtube.com/watch?v=8GHg3GAeQ1Y[/video]

interesting excerpts from the book. so are you suggesting the government is deliberately inflating the price of homes because the dual income couples can afford it?

or that dual income couples are bidding up the price of homes?

 

[Fook Seng]

Its all in the book. I'll just say that rising house prices is not just a Singapore phenomenon. If you think back what can be achieved with an average household salary, versus what can be bought nowadays with a modern average "family" income, we have actually gone backwards.

Rising house prices is not just a Singapore phenomenon but the rate prices have gone up versus wages, Singapore is very unique.

Part of the reason is that Singapore public housing changed, over time, from a low cost, subsidised to a market-marked item. Not only that. For the past 15 years or so, the supply side of the market was artificially depressed by the Govt and the demand side was hit with a never before experienced FT influx. This triple whammy pushed prices to dizzying heights.

 

[Ash007]

Indeed, HDB used to a haven initiative,incentive for Singaporean till the government decide to earn $$$ out of it. It used to be a privilege and in it initial phase it was to solve the poor housing quality in land scarce Singapore.

Rising house prices is not just a Singapore phenomenon but the rate prices have gone up versus wages, Singapore is very unique.

Part of the reason is that Singapore public housing changed, over time, from a low cost, subsidised to a market-marked item. Not only that. For the past 15 years or so, the supply side of the market was artificially depressed by the Govt and the demand side was hit with a never before experienced FT influx. This triple whammy pushed prices to dizzying heights.

 

[ionzu]

Indeed, HDB used to a haven initiative,incentive for Singaporean till the government decide to earn $$$ out of it. It used to be a privilege and in it initial phase it was to solve the poor housing quality in land scarce Singapore.

someone in government hit upon the idea of monetizing our land and started printing money in the form of inflating land valuations.

so instead of later generations suffering from the "raid on our reserves" if we price land cheaply, we punish the current generation by tearing a hole in their ass when they buy a home to start a family. how ironic that we keep voting for torn asses.

 

[Fook Seng]

nor did they write A Brave New World.

It is true that they did not write A Brave New World but they do know it by heart from front to back and practise it to the letter.

 

[Fook Seng]

you need to elaborate a lot more on this. how does one jump from women's emancipation to high property prices and need to have dual income?

For any market to sustain there should be an intricate balance between supply and demand. Supply need not equal demand but if supply is greater than demand, normally the price will drop and vice versa.

If the supplier in the market, in this case the Govt for the primary property market, wishes to take advantage of your dual income, a result of women emancipation, he sets a higher price for the property and there is demand because it is affordable with the dual income. The primary market sets the benchmark and feeds the secondary market where the true market price is. Here new demand factors come into play such as PR and upgrades/ downgrades numbers etc or for private property, general FT numbers.

Although it might sound ironical, women emancipation with respect to income generation can bring about high property prices unless families ration their budgets and do not place so much money on housing. Singaporeans tend to think alike that property is the best investment.

 

[ionzu]

For any market to sustain there should be an intricate balance between supply and demand. Supply need not equal demand but if supply is greater than demand, normally the price will drop and vice versa.

If the supplier in the market, in this case the Govt for the primary property market, wishes to take advantage of your dual income, a result of women emancipation, he sets a higher price for the property and there is demand because it is affordable with the dual income. The primary market sets the benchmark and feeds the secondary market where the true market price is. Here new demand factors come into play such as PR and upgrades/ downgrades numbers etc or for private property, general FT numbers.

Although it might sound ironical, women emancipation with respect to income generation can bring about high property prices unless families ration their budgets and do not place so much money on housing. Singaporeans tend to think alike that property is the best investment.

did you watch the interview with elizabeth warren? its fascinating that expenditure on food, clothing and other necessities has gone down as a proportion of household income while spending on mortgage and cars (a "basic" need in the US context) have gone up from the 1970s to 2000s. (all this relates to the US context of course.) Also, household incomes have climbed 75% since women entered the workforce, but the CPI has gone up 400-600%!

Singaporeans have been socially engineered to believe in the primacy of property as an investment vehicle, stemming from dear leader's desire for everyone to have a stake in this country. After a while, everyone got caught up in rent-seeking behaviour and dear leader was happy because now, everyone has a stake in the country and no one dares to go on strike for fear of losing the roof over their heads.

but alas, dear leader became a victim of his own success. the more the people feel they have a stake in the country, the more they will demand accountability from their government.

 

[Received_by_Kings]

Men who do most to all of the chores in the house are useless.

 

[Fook Seng]

did you watch the interview with elizabeth warren? its fascinating that expenditure on food, clothing and other necessities has gone down as a proportion of household income while spending on mortgage and cars (a "basic" need in the US context) have gone up from the 1970s to 2000s. (all this relates to the US context of course.) Also, household incomes have climbed 75% since women entered the workforce, but the CPI has gone up 400-600%!

No I have not watched Elizabeth Warren's interview. Singapore's problem with property and car prices as a percentage of household budget is likely to be much more acute than in the US, the main reasons being the private cars ownership and usage policy and our compact size and open economy that leaves Singapore very vulnerable to foreign influence. If there is no proper control of some of these market forces, the whole market can go seriously out of whack.

 

[tonychat]

someone in government hit upon the idea of monetizing our land and started printing money in the form of inflating land valuations.

so instead of later generations suffering from the "raid on our reserves" if we price land cheaply, we punish the current generation by tearing a hole in their ass when they buy a home to start a family. how ironic that we keep voting for torn asses.

you wanna your asses back? then protest and throw the PAP out!!

 

[ionzu]

No I have not watched Elizabeth Warren's interview. Singapore's problem with property and car prices as a percentage of household budget is likely to be much more acute than in the US, the main reasons being the private cars ownership and usage policy and our compact size and open economy that leaves Singapore very vulnerable to foreign influence. If there is no proper control of some of these market forces, the whole market can go seriously out of whack.

it seems inevitable our property prices will keep rising in the short term from QE3 coupled with our safe haven status in SE asia. if the world economy does well, our economy will do well; and if it tanks, so does ours.

this problem of the dual income trap is here to stay. good luck to families in singapore with only single income.

on a related side note: America's middle class is broken and China is urgently growing its own middle class. in a global economy, if China decides to hog the middle class, good luck to the rest of us.
http://www.bloomberg.com/news/2012-10-02/top-1-got-93-of-income-growth-as-rich-poor-gap-widened.html

 

[Ash007]

So you are a believer now? Singapore is very foreign dependent, its not just the USA, but more and more on China as well.

it seems inevitable our property prices will keep rising in the short term from QE3 coupled with our safe haven status in SE asia. if the world economy does well, our economy will do well; and if it tanks, so does ours.

this problem of the dual income trap is here to stay. good luck to families in singapore with only single income.

on a related side note: America's middle class is broken and China is urgently growing its own middle class. in a global economy, if China decides to hog the middle class, good luck to the rest of us.
http://www.bloomberg.com/news/2012-10-02/top-1-got-93-of-income-growth-as-rich-poor-gap-widened.html

 

[Ash007]

If you think about the rising house prices. Why does it happen? Why did median house prices to median salary ratio increases from the 70s. Where did the "growth" come from? How can a piece of land, apartment, HDB unit, that doesn't produce anything have such high increases in prices over the years. I believe part of the answer is in the two income trap.

 

[Fook Seng]

on a related side note: America's middle class is broken and China is urgently growing its own middle class. in a global economy, if China decides to hog the middle class, good luck to the rest of us.

I am for a strong middle class. The societal health of a country depends on how well taken care of is the middle class. If the middle class is well taken care off, the lower end is chicken feet and the high end is just bonus. Unfortunately in most countries, the push is at the top and bottom and the middle class is much neglected.

 

[ionzu]

I am for a strong middle class. The societal health of a country depends on how well taken care of is the middle class. If the middle class is well taken care off, the lower end is chicken feet and the high end is just bonus. Unfortunately in most countries, the push is at the top and bottom and the middle class is much neglected.

it'll be interesting to watch how middle class america votes in november.

 

[ionzu]

I believe part of the answer is in the two income trap.

true. but that's only part of it.