Getting carried away with delirium
A housing agent, Vincent Kang, was so piss off with the way the policy on public housing is heading that he wrong a personal letter to the Today forum to vent his anger. To him, and I agree with him, public housing is to provide a roof over the heads of the average citizens that could not speculate on properties to get rich. That was the original objective which people were generally happy with though there were a few of grouses for not being able to speculate with public housing. Now, when the policy has changed, anger is coming out instead of grouses. For every dollar someone speculates on and profits, someone is gonna pay for it. And that someone is also a Singaporean. The down spiralling of a good policy started when things got to go wrong, when CPF savings was not enough, high cost of housing and high cost of living. This led to finding new ways to squeeze money from nowhere. So the most precious item, the HDB flats, become a commodity, to be traded, to be used to generate income, to keep up with the high cost of living. Some thought it was clever. And clever it was indeed. Those who profitted were laughing, for a short while. Then when the little windfall was not enough, they could end up living in the beaches or the parks High public housing prices and high cost of living are never good. They put stresses and demands for higher income to sustain the useless and unproductive assets appreciation. The people must not be misled into thinking that they are wealthy when in fact they got poorer instead.