some how i believe what im going to say will make some
sense.
20-30 yrs ago, we were poor, so when they decided to take away the
land you were squatting on, you hated the Govt. Some of them
reconciled, and subscribed to the Public housing program.
So somehow, we became very very rich in one generation. And like
what people of rich nations do, we dabble in the property market,
causing property prices to inflate.
fast forward it now, our incomes are dropping. But we know one
thing for sure, we need flats. people who get married need flats.
So no matter what, property prices rerspond much slower to the loss
of income.
ye sthe economy is recovering, but please let us observe the US
recovery, itys going to be a jobless recovery like it or not. This
is because, i believe, firms have more or less obtained the optimal
size. to quote my brother or The Economist, we are victims of our
own productivity.
So right now we have property prices that do not reflect the
current times? can you tell me why? furthermore, property prices
have actually risen of late.
lastly, i think everyone just wanna know why HDB price is so
expensive when it is suppose to be public housing. i think the
answer should be, because they can. Also if they can make money off
you, why not?Some say, like the CPF, it is meant to trap you into
working till yourr death like the indenture system. and if prices
are so low, there are too many various outcomes that might occu
which the scholars might not be able to handle.
hope to hear from you guys/r
