What is so criminal about the Housing fiasco?
1. Young couples who been saving to buy that flat but still cannot buy because the price has gone beyond their means. 2. Because unable to get flat, put off marriage. Some ended up quarrelling and breaking off with their potential spouses. 3. Because no flat means delay in childbirth. Sometimes delay too long could lead to infertility. 4. For those who managed to get their flats, they could be made to cough out another $100k or more, which means slaving for the next 10 years all for nothing, just to pay for the flats. 5. Because of the small supply, some may have unsuccessful in too many ballotings and ended being booted out of the HDB schemes when their salaries exceeded the ceiling. 6. Some may ended up with no flats as the private flats were beyond their means. People have different commitments and responsibilities to their families and the balance of a $8k or $10k salary may be insufficient to buy private properties. 7. Those who could buy a private property could end up steep in debt because of the high loans. 8. Parents agonised over their children unable to buy HDB flats and may have to share the burden by emptying their retirement funds. 9. The pressure of getting a flat could result in many family quarrels, frictions and breakups. Of course the culprits causing all the hardship to the people would not know or not wanting to know about these consequences. All they did was telling the affected to downgrade their expectations, buy within your means. Some may be able to down grade but some can't. How could those who were planning to buy 3 rm flats downgrade further when HDB don’t even build 2 rm flats? How could those booted out from the HDB schemes and could not afford to pay for private flats downgrade to? Can’t afford private flats and HDB refuses to sell them? Isn’t that wicked? Not criminal enough? And the foreigners and new citizens walked in happily and buy direct from HDB or buying resale to jack up the price further. Good heavens, I would like to strip the pants of the jokers and give them a few strokes of the rotan.