tag:blogger.com,1999:blog-17473688.post2885804713594416765..comments2024-03-29T15:10:48.844+08:00Comments on My Singapore News: Legacy of the babyboomersChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-17473688.post-43164127339683507342007-07-17T23:23:00.000+08:002007-07-17T23:23:00.000+08:00matilah, you may be just outside the perimeters of...matilah, you may be just outside the perimeters of the baby boomer group. but a few in your age group still made it and did very well. <BR/><BR/>generally, the bulk of those that really did very well are within that band.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-57011980516011346662007-07-17T23:21:00.000+08:002007-07-17T23:21:00.000+08:00i still remember this old russian jokes about krus...i still remember this old russian jokes about krushchev.<BR/><BR/>this russian guy was shouting like crazy in the moscow square, 'krushchev is an idiot, krushchev is an idiot.' <BR/><BR/>of course he was arrested.<BR/><BR/>he was sentenced to life imprisonment not for public demonstration but for letting out a state secret.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-79802862517913531662007-07-17T17:19:00.000+08:002007-07-17T17:19:00.000+08:00If that is your definition of babby boomers, then ...If that is your definition of babby boomers, then I'm not in the "group".<BR/><BR/>But you are right, I am enjoying the "hotel".<BR/><BR/>...and I still hold the immutable opinion that Goh Chok Tong is and will always be an idiot.Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-33239614932675071302007-07-15T22:33:00.000+08:002007-07-15T22:33:00.000+08:00matilah is one of them. enjoying the hotel.in our ...matilah is one of them. enjoying the hotel.<BR/><BR/>in our case the baby boomers are those born between 1945 and 1955. these are the people that participated and grow with the transformation of singapore from fishing village and entrepot to a modern city.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-25997474041003814892007-07-15T20:11:00.000+08:002007-07-15T20:11:00.000+08:00hey redbean,It is important to define who the baby...hey redbean,<BR/><BR/>It is important to define who the baby boomers are. There is some disagreement on the years, and the boom in the US was slightly different (in time) to the booms in Europe and the Far East<BR/><BR/>http://en.wikipedia.org/wiki/Baby_boomerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-33602403376522685222007-07-15T17:28:00.000+08:002007-07-15T17:28:00.000+08:00Redbean, I think you have made a good point which ...Redbean, I think you have made a good point which I think they are aware of.<BR/><BR/>When our real estate assets and costs of living grow too quickly, it becomes more attractive for these people to want to cash out and move abroad. <BR/><BR/>They can easily transplant themselves to malaysia or thailand to live like dukes and kings with hordes of servants with all the modern creatures of comfort Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-75881210344949498932007-07-15T10:21:00.000+08:002007-07-15T10:21:00.000+08:00a roof over our head is a basic necessity to many ...a roof over our head is a basic necessity to many citizens. only the rich can afford to have more than one property for investment, speculation and capital gain.<BR/><BR/>superficially, a rise in property price is good for the owner. double your asset is a good thing, on face value. but this feel good effect is a one time effect for many. they can only realise the value by selling and downgradingChua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-53882439756290287112007-07-14T22:12:00.000+08:002007-07-14T22:12:00.000+08:00A fast movement in the MASS MKT PTE PROPERTY SECTO...A fast movement in the MASS MKT PTE PROPERTY SECTOR will cause a fast run on the Hdb prices becos they are both in the mass mkt sector.<BR/><BR/>Conversely a slower movement in the MASS MKT PTE PROPERTY SECTOR shud result in a slower movement in Hdb prices.<BR/><BR/>Hence the rationale of this Stop Gap suggestion to delay a sharp runup in the Hdb prices.<BR/><BR/>Maybe you have a better Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-12227002869356212782007-07-14T21:59:00.000+08:002007-07-14T21:59:00.000+08:00The suggestion to release and liberalise in a cont...The suggestion to release and liberalise in a control manner the hdb 3 rooms flat is hence only to relieve the urgent almost maniac buying in the mass mkt pte property sector at the moment, so that it will not escalate so fast that it will in turn accelerate the hdb prices artifically.<BR/><BR/>The number of foreigners in this sector who would enter the hdb 3 rooms mkt will not be huge as not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-37074657281020207132007-07-14T21:54:00.000+08:002007-07-14T21:54:00.000+08:00This in turned prompted the pte property owners to...This in turned prompted the pte property owners to UP the rentals with some doubling within a short period of time. Becos of the sharp rental increase, expats and PRs who are normally renting now found it urgent to enter the pte property mkt directly as it makes sense to own the property instead.<BR/><BR/>As a result properties in the MASS MARKET pte proprty sector suddenly began to surge with Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-62862517835169437102007-07-14T21:49:00.000+08:002007-07-14T21:49:00.000+08:00Your thoughts are clouded. You seems to assume tha...Your thoughts are clouded. You seems to assume that the HDB market are protected from the current rise in the property market and that ONLY a controlled liberalisation such as suggested will bring up the HDB prices. It is a naive assumption. Here's why.<BR/><BR/>The present spike in the pte property started with geniune foreigners buying the HIGH END properties in 2006. Opportunistic flippers Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-73811238296099256562007-07-14T17:09:00.000+08:002007-07-14T17:09:00.000+08:00If foreigners are allowed to buy 3 room resale HDB...If foreigners are allowed to buy 3 room resale HDB flats, it will certainly push up prices of HDB flats which is good for the present flat owners. It will also push up the prices of new flats which is certainly a windfall for the Government as well. But the younger generation, particularly your children, will soon find it even more difficult to own and pay for a HDB flat. Is this good or bad? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-34579561140605310492007-07-14T13:20:00.000+08:002007-07-14T13:20:00.000+08:00One of the main reason for the increase in pte pro...One of the main reason for the increase in pte property prices is due to rental increases which in turn led to almost panic buying by some of the foreigners of singapore properties. Many are single or dual income families.<BR/><BR/>One innovative but BOLD solution would be for the government to consider opening 3 room resale flats to these category of foreigners according to the previous Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-32777428413416387322007-07-14T12:12:00.000+08:002007-07-14T12:12:00.000+08:00With so much displacement and competition coming i...With so much displacement and competition coming in at so short at time, it wouldnt surprised me to see more and more people sleeping on public benches and making it their homes. <BR/><BR/>This may sound nonsensical a decade back, but I believe it has a real chance of happening here. Already I am seeing people lying down to sleep at the void decks scattered across the estates. Some are old unclesAnonymousnoreply@blogger.com