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It's more of a 'chicken vs egg: which comes first' scenario. The crashing of housing prices will almost certainly end the PAP Leegime, as even the most hardcore PAP supporters will be most displeased that their assets plummeted in value.
deep recession comes.........FTs and PRs will leave.......less buyers.............prices may fall up to 70%..........in the late 90's prices fell by up to 50%.........current market much much more inflated back then
PAP will only get more votes when deep recession.........fear will make people vote for PAP since opposition has no track record or credentials yet
This is solid proof of PAP's track record. It is because PAP is running the country so well that idiots can start talking about useless thrash like political freedom which brings no benefit in their lives
“Mr Lee Kuan Yew kept on repeating how he built up this country and how much he has stored in the reserves. That is the tragedy of the man. For all his intelligence, he does not possess the wisdom of life."
This is solid proof of PAP's track record. It is because PAP is running the country so well that idiots can start talking about useless thrash like political freedom which brings no benefit in their lives