16 December 2003

A New Dream

Kill the 30somethings, they ruined Singapore with their naive borrow/spend/re-sell/upgrade cycle, their economic bubble that burst on us. And while we're reaping their bitter fruits, they're cosily planning on the next upgrade, the next job, the next baby.

No matter. I have an alternative dream to their 6Cs dream that's easily achievable, and has lower expectations fit for the dire straits of our generation.

30something Dream:
Club membership

20something Dream

The new economy for the 20somethings is a contracting economy, in both senses of the word. Gone are the days of the Singapore salaryman, and the Career. Companies are only interested in giving out contracts, so that you, the 20something worker, will never get any medical, leave, and seniority benefits that the 30somethings have managed to cling on to.

Credit is out, as most 20somethings are temp workers in this economy, with no guaranteed income to qualify for a Credit Card. Debit is in, and the cheapest debit card that doesn't require a bank charge is the Cashcard.

2nd-hand HDB flat
While those evil 30somethings upgrade their old flats for condos, we will get their cheap castaways, instead of buying direct and incurring a 30-year debt from the HDB. Besides, the worst thing that can happen to an old flat is leaky pipes. I prefer that to the new flats that show signs of premature aging even before 5 years have passed, like: exploding bathroom screens, popping marble tiles, falling windows, leaking walls....

Friendster membership
Here's a social club that allows people to do heavy-duty networking, for free. Members gain social recognition with each additional testimonial they receive from other members.

With the new economy, everyone's realised that the higher your certificate, the less help it gives in your job hunting. The diploma is now the in thing for this, and the next generation. For once, 30somethings can rest assured that they will be more educated than future Singaporeans.

It's not a case of sour grapes. 30somethings can go on upgrading their cars every few years... but I'm banking on the Northeast MRT line. At the staggering pricetag of One Billion Dollars, it far outranks their cheap cars. And in two years' time, I'll upgrade to the Circle Line, which will probably cost even more. Now, for this kind of expensive transport, shouldn't the social prestige be correspondingly high?

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