If its all privatised, we will end up like HK situation where ppl live in cages and coops. This is not acceptable.
In the end, they too have build small subsidised flats just like we do here.
If you think about it, the govt does have a good balance of solution here w/o taxing us too much.
SORRY the govt is clueless, why do they have silver hosing bonus and leasebuyback ////
because they let peasant buy what they cant afford, now they wan peasant to sell their hosue to feed themselves...
our land area and population density is higher than HK, so why should our people live in a bigger place..?
doesnt make geometrical sense...
it is not about how much they tax us now, it how much they have to tax us in the future when we have 1/3 retirees population....
not happy with making peasant spend their retirement $, they are are now spending our future unborned generations tax revenue...
why make gst voucher permanent.??? this govt is just running a massive ponzi scheme and at the same time eroding work ethics with their vote buying subsidies
solution 1: certainly feasible, get the HDB to charge lower interests when they give out the loans to those purchasing small flats, i.e. 2 or 3 room flats.
it shortens the repayment cycle by reducing the total repayable amount to HDB and can give the poor a breather.
charging lower interests ??? how low are interest rate now???