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"LOWER HDB VALUATIONS OR BUILD MORE AFFORDABLE HDB HOUSING FOR SINGAPOREANS" petition

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Old 09-09-2009, 10:48 PM
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Lightbulb "LOWER HDB VALUATIONS OR BUILD MORE AFFORDABLE HDB HOUSING FOR SINGAPOREANS" petition

Online "LOWER HDB VALUATIONS OR BUILD MORE AFFORDABLE HDB HOUSING FOR SINGAPOREANS" petition!

http://www.thepetitionsite.com/1/low...r-singaporeans

Sign if you agree, but it is an interesting read in any case!

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Old 10-09-2009, 05:21 PM
Qaz Qaz is offline
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this is stupid... if HDB flats are not affordable then there would not be much ppl signing up to buy the new flats... & there will be very few resale transaction at or above valuation.....

people need to manage their own expectations.. if can only afford a 2 room punggol hdb, dont say look at 5 room pinnacle and say its not affordable...

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Old 10-10-2009, 09:23 AM
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Originally Posted by Qaz View Post
this is stupid... if HDB flats are not affordable then there would not be much ppl signing up to buy the new flats... & there will be very few resale transaction at or above valuation.....

people need to manage their own expectations.. if can only afford a 2 room punggol hdb, dont say look at 5 room pinnacle and say its not affordable...
Let me give you an analogy. I normally buy my chicken rice a food court near my office. A standard pack costs $3. Say,if 4 years down the road, the price of chicken rice goes up to $7.

The question is not whether a pack of $7 chicken rice is "still affordable".

Neither it is about people being picky and insisting on eating chicken rice when duck rice is still available at $4.

The question is WHY? What happened? Why did the price of chicken rice increase by 133% in just 4 years?

A pack of $7 chicken rice is still "affordable". Sure. But wouldn't you be curious to know why chickens suddenly become so valuable overnight? Is there a sudden influx of chicken lovers? Or are we not rearing/importing enough chickens?

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Old 10-10-2009, 12:18 PM
huh
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how do i vote against it?
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Old 10-10-2009, 12:42 PM
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how do i vote against it?
As I said in another thread, the government is in a bind. They'd rather lose your votes than make the majority feel poorer. The best you can hope for is a sudden election so after that they can implement the "hard policies" to rein in escalating prices. Be patient. You only need to wait at most 2 to 3 years (need time for policies to take effect).
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Old 10-10-2009, 01:56 PM
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As I said in another thread, the government is in a bind. They'd rather lose your votes than make the majority feel poorer.
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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Old 11-10-2009, 01:09 AM
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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.
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...
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