HDB flat is a Home and not an appreciating asset!!!
It is social need. It is our home to build our family.
Be bold and correct the big mistake made by the
Old Guards and save our future generations!
Why???
Uncle8888 didn't have to take 25 or 30 yrs housing loan and
has three children.
Isn't that the answer?
Can it be both?
ReplyDeleteA social need which is obvious and an asset which is not so obvious. But do we need NS if not an asset. We just packed and go lol; no uprooting is needed if your assets are all oversea, isn't it? Why defence? Defence for what?
Hmm ... I think the key word here is "appreciating". I quickly highlight the word in Red and make it bigger. LOL!
DeleteGood one temperament!!!
DeleteQuick decisive action CW to make it clearer!
The old guards made a very wise political and astute social decision years ago - let all Singaporeans have a personal stake in Singapore.
When we have a home, we will stay; defend; and help nurture our collective home together.
Public housing is not the same as private property investments. Well pointed out CW!
Huh? HDB flat is a Home and not an appreciating asset!!!
ReplyDeleteIMO, it is a home and appreciating asset. If it is does not appreciate, then it is an expense item for us. However, the rate of appreciation should be moderate and make the HDB affordable. Govt can control the cost as they are land lord. Govt must not view HDB as another corporation to generate hugh income.
Okay. HDB flats should be allowed to appreciate to overcome year-on-year inflationary effect but definitely not as multi-bagger investment assets for future generation's parents and grand-parents. LOL!
ReplyDeleteWhy bother whether it is appreciating at whatever rate ? So as long as it is positive.
ReplyDeletePlus the original goal of HDB is home ownership, meant for own stay, paid via the $ in CPF which we mostly will never see in cash lump sum.
Only peeve is for people like us , who are collect rental from legal HDB units, usually pegged at 6-7% of current market price.