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Thread: Our Houses Aren't As Affordable As HDB Says
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Old 09-10-2009, 05:50 PM
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Quote:
Originally Posted by Concerned View Post
I've been tracking this thread recently since I'm in a similar dilemma. You sort of summarized my root concern; a situation whereby there can exist a 140% appreciation of a flat over 4 years is nothing short of worrying. I'm no economics guru but it just feels like something's really wrong... I seriously do not see my income catching up with these kind of appreciation levels

I can imagine if this continues... asset values soar but nobody is able to upgrade even if they wanted to (cause its too expensive) and first-time buyers will definitely be priced out(!)
Yup. You don't have to be an economist to know something IS very wrong. Housing is one of the most important and basic need, but they have allowed the prices to soar... so much for trying to keep inflation and costs of living down.
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