3/13/2013
Housing prices - No room for failures
The most talk about slogan in town is Singaporeans cannot afford to fall sick. A few days stay in the privatized govt hospital can clean up whatever savings the patient has. Hospital bills are no joking matter and a few weeks or longer can lead to bankruptcy to many.
The other dreaded problem is people falling into hard times and losing their homes. With housing prices so high, several years to wait for one from the BTO schemes, anyone caught losing his home is as good as losing his pants. How could a person losing his jobs and losing his home through some misfortune or business failure afford to buy a home again? Possible but very very tough. And if this happens to a family, the family members will be in dire straits.
Not able to fall sick, now don’t ever lose your home. Some may use their homes like they say, as gambling chips, trading and hoping to make gains, may end up unable to buy one back again. The two bites of the cherry may not hit home to some but when it hits, it is too late to regret once both cherries are gone.
Don’t pray pray when housing prices are getting beyond the reach of more and more Singaporeans.
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19 comments:
Swedish, Danish, Finish, South Korea, New Zealand, multi parties systems concentrated on developing the local populations, which lead to better products for export and a better supporting social programs, which lead them produce many leading products and innovators of the world? Which less inhibited in exchange of ideas? Many suggestions are neutral not pro any parties? They can't give excuses for failures?
Multi parties system, lead to heavy competitions of ideas from various parties, crack their brains, trying to bring the best ideas for the local populations? Which is less costly to run, lead to more innovatives and creatives solutions? More open discussions?
Single parties systems lead to more and more cheaper foreign workers or immigrants,which lead to take away local jobs, lead to break up in families and casinos problems? Lead to more and more people sleep in cages and the streets, More and more handouts, less and less jobs for locals, which lead to brain drains highly skilled and qualified locals, which unable to complete with cheaper third world foreigners left the countries, wastage of tax payers money?
For better housing policies.
Vote Opposition.
PAP cannot pretend they don't know about these problems. After all they are the highest paid ministers and civil servants in the world.
This is true. If you are heavily leveraged, you run the risk of defaulting on your commitments due to changing circumstances.
This should be a clarion call in your mind to act responsibly and look after your values -- i.e. never act against your very own self-interests, regardless of what "others" might say. Take care of yourself, and your family -- 24/7/365. Moderate your emotions and beware of following the herd.
Needless to say, life has a way of dealing you a lousy hand occasionally -- i.e. you will get HIT sometime, and you'd better have the resources to deal with it.
People lose jobs. Businesses do fail. Sickness can wipe out savings. They are all part of life's uncertainty -- the certainty of uncertainty.
Now that you know that, you are free to accept or reject it, and to choose your actions as you see fit.
Oh, BTW, you will screw up too. No one gets 100/100 in life.
Got emergency plan?
P.S. If you think it is the government's role to provide you with "safety", then you are in for very "interesting times". ;-)
Anyway, why would you accept "help" from a government you hate?
Makes zero sense to me. :-)
However, I'll wait for the entertainment to begin. The wayang wayang, or the Malay pantun, or the Bollywood extravaganza.
With the whip system, not much the MP can do except go to the ATM to collect their allowances and bonuses and prepare to retire back to their directorships, when their terms end, they look so tired and run out of time, with their busy schedule running companies, can't even attend monthly debate on the future of the populations?
The forefathers' system is frugal and hardworking, the new systems is to fostering the handouts mentality with more and more handouts? With tax payers money?
Single party system lead to more expensive to run, more expensive to run leads to more indirect taxes, more indirect taxes, lead to greater handouts,greater handouts leads to greater indirect taxes, greater indirect taxes lead to higher cost of living, high cost of living lead sleeping in the cages or streets?
And the casinos and the breakups of families? More cheaper foreigners workers lead to more levies, more locals lead lost their jobs and the children jobs to foreigners? Lead to more indirect taxes to pay the top?
Gahmen owns 90% of land in S'pore.
Sells HDB flats to us at a profit.
And still cannot supply enough HDB flats.
You call this useless or not?
Some more want to increase population to 6.9 million.
Some more want to set up agency to do space research.
WTF ???
You say lah.
Can trust this gahmen or not?
MS will say can. very good garment.
Matilah scared his rental income will not sustained his cushy existence in his Ar**trailer.
Talk so much. One suggestion - How abt those quitters sacrifice his/her properties in Sin in the name of National Service.
This is exactly the trap this propagana party set up against sinkies. No one can escape bad luck and they know it but they purposely do not want to install any social backups for people in such situations. Motive: they can dealt you with the final blow - take away your properties and reduce you to a life time of slave staus e.g. bankrupts cannot leave singapore. Thats why I always say they are very evil, greedy and self serving. Making people lose their jobs and properties when they have small kids to feed is not what you want to see and know and is a very evil thing. Working in a bank exposed me to all these evil schemes the gov set up with the bankers. Vote opposition as this evil party needs to be stopped.
It is true that we cannot depend on gov for everything but the gov should do their best to put in laws to achieve what our pledge has set out for - justice (not isa), equality (not wide income gaps), happines (not complains), prosperity (not debts) and progress (not regress). Vote opposition cos this propaganda party can only thrive when it can misinform the people.
We have had 50 years of so called "well qualified" talents from PAP to govern Singapore.
And look at the mess they have brought us.
This is a well proven formula for continuing disaster in Singapore.
It's time we voted in Singaporeans who truly represent our values.
We can always hire foreign talents/experts from United Nations to help us formulate better policies for Singapore.
It's not as if existing PAPig policies have been very successful.
“You can never cross the ocean unless you have the courage to lose sight of the shore.” Christopher Columbus
Prime Minister Low Thia Khiang.
Start getting used to it.
Is it reasonable that a person is only entitled to buy direct from the govt 2 public flats in one life time? Other than upgrading/downgrading, changes in fortune, there are all kinds of reasons for people to lose their homes and need to buy another one.
If only the govt just build enough, prices will not runaway, and there will be no issue about people buying and trading public housing to make profits and may not have the need to limit to buying two units. Think if necessary to limit, a 3 or 4 times eligibility with some time frame qualifications and some conditions attached would be more reasonable.
All the problems are created by restricting supply and blame it on market forces. And there is growing demand because of loose immigration policies and growing population in compressed time.
They purposely restricting supply so they can protect their high rental incomes. Most papist mps have 2 or more properties collecting rents. Corruption? Transparencies? Justice?
These properties are registered in their spouse or kids name or relating companies, relatives.
The poor cannot afford to pray pray in the property market, but that is the playground of choice for the rich. And with the Government helping them, richie rich is not going to rock the boat by voting for the opposition. To them, they have already tasted more good years and the Swiss standard of living long ago.
@anon 317:
>> Matilah scared his rental income will not sustained his cushy existence in his Ar**trailer.
Damn straight that. Man, I do enjoy my comforts. Self-financing perpetual "holiday" ;-)
>> How abt those quitters sacrifice his/her properties in Sin in the name of National Service.
Provided they believed in "sacrifice". I don't. I adhere unwavering to the principle of "my own self interest", and if I'm in a playful mood "your life, you die your business". :-P
Problem?
HDb just have to increase the downpaymnet of resale flats to a 30% healthy level and they will all go down in prices.
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