1/24/2011
Mickey Mouse flats is a correct policy
It is only right and the way to go forward, to build more small flats instead of bigger flats. Our population of duds is not going to reproduce themselves. So it is useless to waste resources to build bigger flats. What for, when only two persons will live in them, maybe three.
Come to think of it the developers are more far sighted than HDB. They already see the trend in the future. People are getting married but not reproducing. Three cheers to the builders and developers of small flats. Despite the kpkb about low fertility rate and wanting people to produce more children, the reality speaks for itself. You can’t believe anyone telling you to produce more children when he builds flats for two. You can’t take him seriously when he says one thing and does the other.
On the other hand those people buying Mickey Mouse flats may regret one day when they don’t have extra room to let out for retirement income. They need a room for themselves and one or two extra rooms for renting. This is now the only compelling reason to want to have bigger flats, not for babies and children.
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In a country like Sinkapoore, having mickey mouse flats is really the correct policy because land is finite and there is only so much space to build. This partly explains the high property prices as demand far outstrips supply with the crush of foreign trash invading our shores.
An article in the ABC of Australia puzzles me. It says that house prices in Australia are now amongst the highest in the world! How can that be when it's a friggin' continent we are talking about. It appears that some interested parties are bent on sustaining high house prices by not expanding the cities with additional suburbs. Fuck them.
Native Sinkapooreans might like to live in mickey mouse flats as they are not reproducing themselves. Not so for the mainland Chinese immigrants. After being suppressed in China with the one child policy, these new arrivals are definitely going to breed like hamsters once they are here. This adds to many "expurts" forecasting that the immigrant population will outstrip the native one very soon.
When the time comes, these hotel guests merely sell their mickey mouse flats and buy a mickey mouse castle in disney land.
wally:
> How can that be when it's a friggin' continent we are talking about
Very simple.
1. Inflation
2. Rising real and inflated earnings -- higher labour cost. minimum wage now $17 per hr. A brickie (bricklayer) earns close to $150k per year. You do the math.
3. More immigration
4. Government meddling about zoning and land releases. For e.g. it costs a fortune for a developer to get things going with the govt...let alone pay for the land and build the dwellings.
5. Environmental Nazism: good luck on your development -- you have to do environmental impact studies, and woe behold you if you threaten a native species -- the Nazis will shut you down.
Australia need a crash. I'm hoping for one. China and India need a crash -- China looks like it is going to have one. If the Chinese economy falters, so does Australia
Singapore: you will find that price premium for scarce land will result in smaller units and taller buildings.
Other than printing money, the next easiest way to grow the economy is by inflation. Just keep inflating the prices of everything with the people paying more for everything.
With the money collected from inflating prices, pay some back to the workers as salary increases. As long as the increases paid out is less than the money collected from inflating prices, things will be ok. But when the pay out is bigger than the collection, things will go wrong.
Can such a system be sustainable? Fat hope. It is another ponzi like scheme. The Americans are facing the crash now, from their version of the ponzi scheme.
High labour costs may be so but I can still get contractors to build a simple single storied house in Perth for about A$150K to A$200K tops.
These so called environment issues are meant more to restrict land supply than anything else.
Like you I am hoping for a near catastrophic crash for the Chinese economy. When that happens, the Aussie dollar will go par with the Sing dollar and that's when Wally will come up like a vulture picking up the dead bodies!
Yes, blowing balloons.
There is now a big balloon in all the trading in gold certificates by the banks. The rumour is that there really is not enough physical gold in the world represented by all those gold certificates circulating around the world.
In other words if you hold a 1 kg gold certificate, it is just a piece of useless paper, because you are unlikely to get a 1 kg physical gold bar when you want it. There is not that much physical gold in the world backing those certificates.
I just wonder how true it is.
If I want to invest in Gold, I would buy gold bars and deposit it with the bank with a custodial account. You can sell it back to the bank when the price is right.
Certificates?
No way baby,
Hehe.:o)
redbean:
Printing money and inflation are essentially the same thing. The only cause of price inflation is the inflation of the money supply and credit -- assuming supply and demand is held constant.
wally and anon: There is a good chance that if the econ conditions deteriorate dramatically, some governments will confiscate or regulate gold ownership.
Watch out for blood in the streets when that happens. And if the govts do that, gold ownership will become even more "sought after" causing the (black market) price to go heavenward.
FACT: In the 1930's FDR (Obama and Clinton's hero) confiscated the gold and outlawed gold ownership by US citizens -- including holding gold overseas. It was then modern day US started their addiction to money printing. The gold ownership law wasn't repealed until recently.
Me am just an ignoramus as far as money and economics are concerned, so sadly wont be able to deal or talk much about them.
As one naturally in tune to nature, allow me to propound a personal understanding of beings. The cockroaches live anywhere, the ants only need a space the size of their bodies and the rats stay in anywhere there's no hungry cat or murderous human beans. They have one thing in common, they proliferate everywhere in huge numbers.
In the 3rd World slums, two legged beans sprout like nobody's business as well, be it in Mumbai, Philippines, Indonesia, Bangladesh etc. WHY? Becos there are no human intervention by policy makers, Nature takes its' course and things work out fine with everybody happy due to their simple needs. It was the same in my village in the 50s in Sincity, most families had broods of 5, 6 and more. The British Ruler then provided maternity cares to all for free.
Today, it cost not just a bomb to have a kid; Sinkapoorerians suffer losses in money, time and personal freedoms of leisure, hobby etc. In fact, everyone in Sin suffers the moment they're officially married.
patriot
When you see the "middle class" in trouble, be prepared for "exciting times".
Here in western society, the avaergae "democratic" Jane and John Doe:
1. Cost of living increases
2. Wage increases do not keep up with COL increases (they lag).
3. More people are turning to using consumer debt (credit cards) just to make ends meet -- and are "juggling" finances like a circus act.
4. Financial stress leads to other problems: strain on family relationships, increased "risk taking" -- like fast money schemes and gambling, social disintegration and isolation.
However, with crisis comes opportunity. That's where "heartless exploiters" like myself come into the picture.
Don't worry, for a price, Uncle Matilah will solve your problems ;-)
wally:
Perth median house price over 500k now, so 150-200k will get you, as you say, a SIMPLE (very simple) dwelling.
"Nature takes its course and things work out fine with everybody happy due to their simple needs"
Exactly! Who are the happiest people in the world? You would expect them to be in America, Japan and Europe. But they are found, in of all places, Tibet, Nigeria and India. Does that tell us something?
And there are real people, who can buy anything on earth with their wealth, committing suicide due to unhappiness, which is the one thing which their wealth could not buy. Christina Onassis and Leslie Cheung are just two examples.
And I was wondering about Steve Jobs. With all his wealth, would be exchange that for his health?
Do people know how expensive and difficult it is to bring up a life?
With both parents working, who is to look after the child? The maid?
So frightening!
With the rising cost of employing a maid, I think that really kills any hope of encouraging procreation. Singaporeans are really going the way of the dinosaurs.
I really cannot understand why the Government has to take so much in levies for employing maids. For other jobs employing foreigners, yes they are competing against locals, but maids?
A simple dwelling costing $500k in Australia is better than the same priced pigeon hole here. It's freehold and you can hold it in perpetuity.
Similarly your beloved four wheeler need not go to the cleaners at the end of ten years. You can drive it till the four wheel drops.
The world's happiest people are found next to Shangrila in Lijiang. That's why they call this region Shangrila. There are no mental institutions here and no one commits suicide.
There are no tiger mums here that's for sure. Amy Chua and her like may not be welcomed here.
The grandparents can take care of the little ones with the help of the maid.
When they are of primary school going age, they can pass out from my school of basic "military" training go back to the parents' house and be under the care of our assessed and trained maids.
This system works for us.
wally:
> You can drive it till the four wheel drops. <
Not anymore. Cops will put you off the road long before that - or someone will report you to the cops. Anyway, there is not need for that when a brand new car costs $12k, and a brand new Chinese SUV will all the nice shit is $24k
http://www.greatwallmotors.com.au/default.asp?action=article&ID=21674.
2nd hand cars are so cheap, no one even bats an eye when they buy one. A new HD LCD TV or Mac computer will cost you more.
BTW $500k is the MEDIAN price, not the "average". A median price doesn't necessarily mean it is close to the average price. And often the pretend-to-know idiots in the media muddle up the two terms anyway -- another reason to suspect that public education especially in maths is an epic fail in western demo-crazies.
Re: The Myth of "Shangrila"
Modern society is complex -- the more modern it gets the more implicit the complexity. It becoems so complex that without sophisticated and precision machines, it is impossble to sustain life -- especially high density life. In "Shangrila" life is simple perhaps, but there is no chaotic complexity you have in modern society -- and their capitalistic structure is also probably "backward". But people are "happy".
For me -- give me the occasional suicide, gas explosion and traffic accident, plane crash, crazy gun wielding anarchist...and the modern society goes with those "aberrations" - a society which has the wealth, abundance, skills and resources to handle such events so that tomorrow is just another day where everyone gets on with their life.
Compare fro e.g. how fast and efficiently the devastating floods in Queensland took to deal with and bring under "management" to the floods in Pakistan or even China -- total FUBAR (fucked up beyond all recognition) -- many of those folks have yet to be compensated or even have their basic needs looked after.
The extent of the wealth in the cuntry depends on the extent of the capitalist system....provided of course the people aren't dumb enough to spend beyond their means or elect a govt who will do it for them. (That purely depends on "Luck")
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