Household net wealth at all-time high - Do you know what it means ?

[Watchman]

Household net wealth at all-time high
December 7th, 2010 | Author: Ng Kok Lim

Dear Straits Times,

I refer to your report on Singaporeans’ all time high net household wealth of $1.16 trillion in the third quarter of this year due largely to the 21% increase in property value from $537 billion last year to $651 billion this year.

The increase in property value also means an increase in property price for future buyers so that the gain by one generation becomes a liability for the next generation. As property price shoots up, future generations will have to pay more for their houses which reduces their disposable income and living standard.

The sharp increase in asset values can only be maintained if we continue to mass import foreigners to sustain demand over supply. However, our small, finite space does not allow us to continue to do this indefinitely. At some point in time, we must control the numbers being imported so that supply can catch up with demand. When that happens, property prices may come down along with our property wealth. In other words, we don’t know how much of our property value is real and how much is froth. Only time can tell.

Thank you

Ng Kok Lim

 

[Watchman]

They are saying it's RIGHT to bring in more FTs to replace us
and starve us of jobs for the next generation .
That is to prevent further increase in property prices .
So when jobs are scarce, money is less available for
people to make purchase on apartments .

 

[Dreamer1]

PAP is projecting a population of 10 millions,so it is still early time to talk about CONTROL THE NUMBER OF IMPORTED.

In a Nat Geo projection report,the total world population would reach 9,000,000,000,000.00 by 2030,so PAP has no problem to trump that many (HUNGRY)people are q-ing up to come into Singaporem,I do believe them.what is 4,000,000.00 out of a pool of 9,000,000,000,000.00,I ask you.

The game plan is very simple,most of the Pappies would have 2nd,3rd,4th houses overseas,so they just jet off as and when they like.

Of the rest,those who are clever and can see thro' PAppies would have already made their own alternative plans.

I urge our citizens to make alternative plans for themselves and their beloved families.Or be commando,fight and be slaughtered.But be very sure about what you want