4/15/2011

Asset enhancement is good policy

Yes, yes, belly good. Every time I smile when I see the price of my flat goes up. Please do not do anything to stop property prices from going up. If you do that, then I no happy. How can the govt stop something that is good? It is like telling the workers high pay is good, but it is better not to have high pay, CBF is betterer. And the govt is putting in measures to prevent their pay from going up too fast. This kind of logic clever or not? I listen until blur blur and dunno what to say.

12 comments:

Anonymous said...

The enhancements will never end. Walkways, lifts, facades, gardens, the cycle goes on and on and repeated over and over again, to enable the PAP to use that for buying votes. They have run out of other ideas and tactics. It is like giving drugs to a drug addict to control him. The more he is given, the more he wants.

Endless!

Anonymous said...

"Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety" - Benjamin Franklin

Matilah_Singapura said...

All govts use higher asset prices as a justification for their bad behaviour – inflating the money supply and debasing the purchasing power. Bernake and Greenspan have done this : ”Look, QE is working – the stock market is up”.

Then the high asset prices are used as 'evidence' that the economy is good because the govt is doing an excellent job.

But wait – its not over yet. To be effective, the govt in power has got to scare the people into believing that if the opposition wins, their assets will plummet in value and everyone will be poor.

Rapidly increasing asset prices are like a drug to the wage-earning middle class. To the SME or start-up entrepreneur, high asset prices, and their rapid increasing values are a bane – very fucking bad for business – because of the pressure put on sustainability and profitability. Higher asset prices mean higher input costs, and thus lower yields or ROE (Return On Equity). It could also mean a mad rush for credit – if banks prefer to lend for housing, business credit suffers.

The key to wealth is the amount of free cash flow you have. This applies to business and to fixed wage and poor people – i.e. you need MONEY with sustained purchasing power or you are eventually 'out of the game'.

Who are the main beneficiaries of high asset prices:

1 The Government

2 The money lenders

Everyone else is a loser in this mythological game.

Anonymous said...

The ST Index is up, up and away.
And the economists are all caught by 'surprise' by the First Quarter(2011) Economic Performance.
What says the remisier and people in the know????

Is the above related in anyway to the impending election?

Anonymous said...

The ST Index is up, up and away.
And the economists are all caught by 'surprise' by the First Quarter(2011) Economic Performance.
What says the remisier and people in the know????

Is the above related in anyway to the impending election?

Anonymous said...

The economy is purring. The candies to be given out have been announced. The projects for vote garnering have been promised. The thorns within the party have been removed. The candidates have been announced. The frogs are out in full force, everywhere. Suddenly the frogs' hearing have been restored.

Wonderful things are happening and it is related in every way to the impending election!

Anonymous said...

Hehehe

No wonder Low Thia Khiang wants the Government to hold elections every year. This will ensure the Government is in giving mood every year - candies, upgradings, promises (even temporarily) of reducing foreigners intake and measures to cool the property market.

Yes, we too like to have elections every year. It is so rewarding.

Chua Chin Leng aka redbean said...

It is all about blowing the balloon. The ballon is now so big. If it bursts, it will be suicidal.

The flat owners better vote for Mah Bow Tan. If he is not in charge then the bubble will bust.

And housing prices can easily be managed by controlling the supply and demand. Everyone will now know how to do it.

Simply too brilliant. Mah Bow Tan will sure to be elected in Tampines.

Anonymous said...

There is a good chance the NSP Team may be able to do an upset this time.

For the FIRST TIME, the Team of NSP Candidates are ALL LIVING IN HOUSING BOARD FLATS.

They even said that are all prepared to locate themselves to Tampines if elected. So, Tampines voters can have the MPs living amongst them and this itself will be a new NATIONAL RECORD worth going for.

patriot

Anonymous said...

There is a good chance the NSP Team may be able to do an upset this time.

For the FIRST TIME, the Team of NSP Candidates are ALL LIVING IN HOUSING BOARD FLATS.

They even said that are all prepared to locate themselves to Tampines if elected. So, Tampines voters can have the MPs living amongst them and this itself will be a new NATIONAL RECORD worth going for.

patriot

Anonymous said...

'They even said that are all prepared to locate.....'
should read
'They even said that they are all prepared to locate....'

My apology.

patriot

Chua Chin Leng aka redbean said...

Over the weekend heard a few young professionals being stressed out because of the high property prices of public housing. And if they don't grab one now, bite the bullet, they will only find the prices going further up.

The asset enhancement policy is so great that the peasants must be grateful to the masters, better be on their knees and say thank you.