Stupid thread on hwz regarding "affordable" housing

[daryl76]

600k is cheap pls

Now is alr 700 to 800 n amk 900 pls

amk ave 1 near the singtel relay station is 725k

cb such a fucking ulu location

[Orionz]

HDB is SOCIAL HOUSING with limited lease leh...
It should have never been allowed to raise so much.
But recently i think PAP realised this ponzi can help them fund the aging population's retirement and win the boomer votes. So they just double down.

Whole property market now propped up by foreigners and PRs essentially.
Once the rental yield drop, house of cards will come falling down.
To prevent that, PAP needs to control the supply tightly and oil the neverending ponzi machine.

Don't overleverage assuming you will have that same high earning power until retirement.
After all you are just paying for someone else's retirement. Will there be another person down the road to cash you out? Nobody knows.

[Arctic]

Desmond Lee will say $1mil hdb are rare while $1k salary can buy bto with tons of schemes and grants are available lol

[X]

Desmond Lee will say $1mil hdb are rare while $1k salary can buy bto with tons of schemes and grants are available lol

BS MAX!!!

[default]

@Orionz i agree with u. But pap wont let pricing go down one. Hard to crash also.

But just like cars, this yr likely will have adjustment downwards... my take is 10-15% to win votes.

They cannot allow housing to go down too much coz dumb boomers and many voters dont understand u sell flat for 1m still need to spend another 1m+ for a similar flat nearby unless u move away.

[default]

I do feel the hdb prices alr maxed out at current price point for nxt 3 yrs esp with recession.

But many foreigners and prs propping up market. Esp jhk and prcs who see this place as a safe haven and also to make money.

Private all these will affect hdb also, people dont realise. Once u price middle to upper middle income out of landed and condo, they will just buy super big hdb instead and price other middle or lower income out of mkt

[default]

Can see pap wants hdb to go down in price but not crash coz many youngsters tulan.

Hence now rental yield going down

[Arctic]

Public housing has lost its objective

Gov also helpless cos too many sinkies already vested so much monies into it. If prices go down, many sinkies will kpkb their perceived asset become less valuable when previously gov touted it as appreciating asset. Ownself created problem and no solution so now have to keep kicking the can down the slope

[ABCDFinanceGuy]

pukunara will tell U it's still very cheap compared to condos

Yeah, because stupid Sinkies want to buy condos to haolian even though they cannot afford it.

[ABCDFinanceGuy]

no lor unless is area at weird places. More central area bto alr hit dunno what 600k or so for 4 room

Anyway kena some damn issues sometimes quote liao cant type

Ah ok. I need to update my prices, the ones I've quoted are probably from 4 years ago...

[ABCDFinanceGuy]

Pap rly fk up keep come up w stupid policy that daft who don't understand full picture will think is good n vote them in.

Like the half fk policy about 2.5% downpayment for couples who haven't start work. How many can even benefit?

In the first place no normal human both couple no income would wanna buy house knowing they have to down payment soon. And they alr have a lot grants to cover for them. Most importantly if these couples rly is 0 income still dare buy house one is got rich parents one.

Yet most won't qualify the lower downpayment. Want help increase loan quantum back to 95% for hdb loan instead. This will benefit everyone.

And the new policy say $300 to help offset rental income outside. But how many family w kids waiting for bto have total income less than 7k???

And w that total income they won't even dare to go out rent when rent 1 room also 1k+ and whole house up to 3k-4k hdb only.

Yet this only make all rental go up by 300.

Seriously once n for all miw need wipe out la. Even my new job xmm I ask her how she think miw in their generation.

She sing full praise. They are the gen z. Jialat at this rate miw continue mandate.

The income ceiling for BTO also so low, when the flats are getting more expensive.

[X]

The income ceiling for BTO also so low, when the flats are getting more expensive.

Keeping it low is correct since is public social housing. But the way the hdb is being flipped is unacceptable. Grants also fk up. The cap so low most won't even qualify then advertise big big say got grants to help when truth is most don't get and hdb is so damn expensive even for bto

[No guessing game]

HDB is SOCIAL HOUSING with limited lease leh...
It should have never been allowed to raise so much.
But recently i think PAP realised this ponzi can help them fund the aging population's retirement and win the boomer votes. So they just double down.

Whole property market now propped up by foreigners and PRs essentially.
Once the rental yield drop, house of cards will come falling down.
To prevent that, PAP needs to control the supply tightly and oil the neverending ponzi machine.

Don't overleverage assuming you will have that same high earning power until retirement.
After all you are just paying for someone else's retirement. Will there be another person down the road to cash you out? Nobody knows.

There's a video of lky saying they purposely design hdb to be such price to keep ppl working that's was when hdb was 300k+

[Arctic]

Keeping it low is correct since is public social housing. But the way the hdb is being flipped is unacceptable. Grants also fk up. The cap so low most won't even qualify then advertise big big say got grants to help when truth is most don't get and hdb is so damn expensive even for bto

How come you so free at work??

Indeed, all the grants are a joke. Gov always assume best case scenario with lv2 2 room bto at ulu estate then buyer is eligible for all grants. In the end buyer dun have to fork out much of any cash at all.

[Arctic]

There's a video of lky saying they purposely design hdb to be such price to keep ppl working that's was when hdb was 300k+

Open secret. It's being used all over the world to varying degree. Modern enslavement