The next generation will benefit because prices will have gone up even further. Sinkies are truly lucky people. No other country in the world has so many millionaires per capita.
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
6 in 10 think Housing Minister Cow is ineffective
- Thread starter Rogue Trader
- Start date
-
- Tags
- property prices
The next generation will benefit because prices will have gone up even further. Sinkies are truly lucky people. No other country in the world has so many millionaires per capita.
If property prices are too high, there are many things loser Singaporeans can do instead of asking the government for pity and charity:
1. Earn more money.
2. Save enough money.
3. Stay with parents.
1. Earn more money.
2. Save enough money.
3. Stay with parents.
4. Keep voting for Pap so that our properties will continue to appreciate and prices will never ever go down!
How to earn more n save more when PAP keep increasing prices n increasing cost of living? N keeping wages down? N increasing foreign trash to compete w the local work force?
The government created the problems ...and you think we are asking the government for charity when we demand that they fixed it? You are definitely a slave.
Who doesn't want to earn more money? Where are the decent paying jobs? It all goes to the foreigners!
How does sinkee save when the median take-home pay is $1700?
Stay with parents - instead of being independent, we have to continue to leech on our parents thanks to the PAP policies. Then why are we paying taxes to the government? The taxes should go to our parents!
Tell it to the Americans ...their 'prosperity' blew up in 2008!
Good point there, winnipegjets.
Not when it is out of reach of the normal people.
The Americans got it wrong as they allowed supply to increase too much and the banks never do due diligence and lend to people who cant pay. If the Jewish Bankers were not allowed to do this, the USA would be in a much stronger position now,,,and housing prices should always go up and not down.
What you actually mean is "below average" people who aren't important in the grand scheme of things.
In sinkapore, that would be all the sinkees less 1 percent.
Please share with us your nirvana of housing.
I wanna know too.....howndoes a constantly increasing property price market will do any good for an economy whose fuckin governemtn is bent on wage depressin through its bastard trickery in tripartism and demographic ponzi with no protection for itsbcitizens agains discrminatory labour hirng practices so blatantly flouted by the cheebye kelin kiahs and pinoys who hire their whole fuckin village with their kacan puteh cheebye bo pah kay degrees......
Property in general has always increase in value. The USA fucked it up as they created the property bubble like letting unemployed people buy property, over lending, etc. And the bubble burst due to these predatory lending in the banking industry. But look at certain parts of the USA..property values is still increasing. In areas where there is employment, near the gas production areas etc, values are increasing. So with employment and fundamentals property prices will be sustained.
In Singapore, housing prices shot up too suddenly. But if this new equilibrium c can be maintained housing prices should increase by 3 to 5% a year on average. As a matter of fact if PAP did not go into rent seeking behaviour like increasing population etc, property will still have gone up 3 to 5% (as everyone needs a place to stay) with a properly implemented housing policy.
Also Singapore and SIngaporeans have an advantage in that the interest rates are low. Which is a good thing...means your housing cost and servicing the loan is low compared to Australia and other SEA countries. I give u an Oz example..currently (and before) Oz interest rates are high and that has put a damper on property prices and servicing cost are high (Interest rates at 6 to 7%). So for a AUD$350K property..servicing cost is about 20K per year. For Singapore a $1 000 000 property at 2% interest is 20k. As a result one is not better of with 'lower' prices at higher rates. That is y cost of living in Oz is so damn high.
With the economic slowdown in oz now,,rates are dropping,,hopefully it will help the economy. But if the rates were low in the 1st place oz would still be ok as the manufacturing sector would not have taken a bad hammering like the FORD car factory being shutdown. Keep rates low but ensure lending compliance and control the supply by anticipating population growth etc. None of MBT caught off guard crap.
Just my rants
In Singapore, housing prices shot up too suddenly. But if this new equilibrium c can be maintained housing prices should increase by 3 to 5% a year on average. As a matter of fact if PAP did not go into rent seeking behaviour like increasing population etc, property will still have gone up 3 to 5% (as everyone needs a place to stay) with a properly implemented housing policy.
Also Singapore and SIngaporeans have an advantage in that the interest rates are low. Which is a good thing...means your housing cost and servicing the loan is low compared to Australia and other SEA countries. I give u an Oz example..currently (and before) Oz interest rates are high and that has put a damper on property prices and servicing cost are high (Interest rates at 6 to 7%). So for a AUD$350K property..servicing cost is about 20K per year. For Singapore a $1 000 000 property at 2% interest is 20k. As a result one is not better of with 'lower' prices at higher rates. That is y cost of living in Oz is so damn high.
With the economic slowdown in oz now,,rates are dropping,,hopefully it will help the economy. But if the rates were low in the 1st place oz would still be ok as the manufacturing sector would not have taken a bad hammering like the FORD car factory being shutdown. Keep rates low but ensure lending compliance and control the supply by anticipating population growth etc. None of MBT caught off guard crap.
Just my rants
Last edited:
[SIZE=3[B]]The Americans got it wrong as they allowed supply to increase too much ....[/SIZE][/B]
...Here...in Singapore.... The Singaporeans got it wrong as they allowed demand to increase too much..
Sky-rocket prices are demand driven...
Cow got it all wrong on the supply side of the equation...that's why the last 2 years, they have been ramping up the supply...
And the CEO, Pinky Loong....sleeping on his job....
Papministers fear no one. They act and talk as if they are not accountable and dont give a flying fuck to what he people think....
So much for accountability .....because the fuckng 60.1 gves in to heir threats, promises and bullshit thats why!!! I hope that everyone reading this will go influence your Ft neighbours to make sure they dont become the 60.1 and give the fucking pap a swift hard kick to their balls.....hopefully lose another 4 grcs.........
So much for accountability .....because the fuckng 60.1 gves in to heir threats, promises and bullshit thats why!!! I hope that everyone reading this will go influence your Ft neighbours to make sure they dont become the 60.1 and give the fucking pap a swift hard kick to their balls.....hopefully lose another 4 grcs.........
Its not the Pappie clowns sleeping on the job. Its more the pappies want it that way so they can squeeze more from the working class. The greatest beneficiary for high property prices is the PAP. So Khaw etc will not jeprodised its own rice bowl and its own vested interest. Thank the 60% for this shit we are dealing with.
Similar threads
