- Joined
- Dec 30, 2010
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- 12,730
- Points
- 113
Furthermore, more cash pumped into property means less cash available for domestic investment. In order to grow our economy, we therefore have to attract large amounts of foreign capital. Our stock market has languished compared to regional bourses because all our domestic wealth is being put into property rather than invested in profitable businesses.
In short, our entire nation has been held hostage by the property market.
Our property market has created a chasm, a deep divide in society. Owners of commercial property and other landlords have the ability to increase rentals dramatically because of the government policy of asset price appreciation. When rentals increase, businesses have no choice but to pass the increased costs to consumers. It is the man on the street who suffers. It is the students, the housewives, the elderly and the poor, who bear the brunt of an increased cost of living.
- http://www.sgpolitics.net/?p=7217
In short, our entire nation has been held hostage by the property market.
Our property market has created a chasm, a deep divide in society. Owners of commercial property and other landlords have the ability to increase rentals dramatically because of the government policy of asset price appreciation. When rentals increase, businesses have no choice but to pass the increased costs to consumers. It is the man on the street who suffers. It is the students, the housewives, the elderly and the poor, who bear the brunt of an increased cost of living.
- http://www.sgpolitics.net/?p=7217
