Stupid thread on hwz regarding "affordable" housing

[Magical Fingertip]

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

Us de landed 200k++ car few k only. Ang mo Wife dua liap and high pay

[X]

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.

Happened to have time use la. Don't anyhow say I free hor. I nv chao keng hor HAHAHAHA

[X]

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

Yes 600k 5rm now is cheap. Now bto 4rm alr 600k or more

5rm is 800k+

[X]

600k is cheap pls

Now is alr 700 to 800 n amk 900 pls

This @ABCDFinanceGuy

[stillgottheblues]

HDB is used to bind husband and wife to "behave" in Singapore.

[ABCDFinanceGuy]

This @ABCDFinanceGuy

I call myself finance guy and I don't know about BTO prices. Fail.

[Orionz]

@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.

This is a fallacy.

Why will allow the price to drop to please new buyers?
Existing home owners r a much bigger group.
Most ppl dun care n happy with sitting on a growing asset (on paper)

[default]

This is a fallacy.

Why will allow the price to drop to please new buyers?
Existing home owners r a much bigger group.
Most ppl dun care n happy with sitting on a growing asset (on paper)

a lot of the young people cant afford as mentioned above unless u are some big shot FAANG engineer ( but will exceed BTO), or at least some engineer in a big firm... or lawyer or doctor

or at least in govt

otherwise SME people cant afford

that's why drop a bit to hoodwink people (the children of boomers who have houses and got rich)

but essentially no diff. if u see the prices it's all adjusted slightly downwards recently already

[Risa]

The market is damaged beyond repair, that is the fact and only fact.

There is only 1 way to bring the prices down - Mass building to heavily overwhelm the market with so much supply to the point buyers can dictate the prices, not the market and not the sellers.

There is NO coincidence why BTO system was introduced in 2001, that same exact period where the oversupply reached its height and resale prices were dropping back to the 1990s levels. It persisted for another few more years until mid-2000s where prices keep skyrocketing and is still soaring as of today. The rise in prices is going parallel with the unnatural rise in population figures.

Where does the money come from is up to your guess. But just to highlight it is easier to do shady biz in overseas to accumulate wealth.

[daryl76]

gov today isnt anything like yesteryears but many dumb sinkies still dun get it

same like cpf, it started off as a good policy to ensure sinkies can pay for their housing and have savings at their old age... den they realise why return if they can keep it