Surest sign of decline
The boom years of the 70s and 80s are over. Those were the real golden years when everyone is upgrading and improving their lives. Today the decline has set in. There is still great growth to the very rich. These are the people that are living it off and having the best of everything. These are the people, the same few people, that are buying up the high end properties, their 6th or 10th properties, maybe 20th. The affluence is confined to a smaller and smaller circle. Compare to the 70s and 80s, there was a general uplifting of the standard of living of the majority of Singaporeans. The people were moving from rented flats to 3rm flats, 3 rm to 4rm, to 5 rm and to private properties. Everyone is looking to move to a bigger flat or a private property every few years. What is happening today? Dr Beng Teck Liang, a member of the PAP's Policy forum council found out that 'When it comes to money woes, the hardest hit are those living in 4 rm HDB flats.' They are not able to pay their utilities bills and would be better off to downgrade to 3 rm flats. They simply cannot afford to live in 4 rm flats. Huh? What's happening about more good years? And this is the biggest group of people in trouble. Mah Bow Tan is even considering mean testing for HDB flat applicants to make sure they can afford to buy 4 rm flats. How come 4 rm flat is now beyond the reach of so many Singaporeans? Why are they so unaffordable when our economy is growing by leaps and bounds and our country is getting richer and richer? Are we saying that our people are getting poorer and poorer or because everything is getting more expensive? On the other hand we are hearing that Singapore is populated by jet setters and trend setters and their lifestyles revolve around Formula One car racing. It is more likely that paradise and hell are existing side by side.