Quote:
Originally Posted by Unregistered
Actually, asset inflation will make most people poorer. Only the rich, those with 2 or more properties, have a chance to exploit the situation. PRs and foreigners too (oh how we envy them). Those with 1 residence can only sell high and buy higher. But Singaporeans are too unintelligent to realize this.
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They actually think that they are "richer" with all their paper gains. For most home owners, all these paper gains mean nothing cos they can't sell their flats and stay on the streets.
On the other hand, whether a flat costs $300k or $450k makes a hell lot of difference for flat seekers like myself. Buying a more expensive flat means committing a larger percentage of my pay every month to the housing loan = less money for other purposes...
Sigh...