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Chitchat Idiot economist Jamus suggests 70 year lease for HDB

Scrooball (clone)

Scrooball (clone)

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This clown suggested we start with baseline of 70 years and have the option to add on extra 29. Why not suggest 50 years lease? Most prob will be dead by then.
 
Scrooball (clone) said:
View attachment 218183

This clown suggested we start with baseline of 70 years and have the option to add on extra 29. Why not suggest 50 years lease? Most prob will be dead by then.
Click to expand...
Wtf he stole my idea.
But 70 years still abit too long.
50 years abit too short.
60 years should be the most ideal.

sbfuncle said:
IMHO hdb shouldn't even have a 99 years lease.
Reduce the lease and same time reduce the price.
Just like flexi bto.

This can also leemind sinkies that a human doesn't live that long.
This can also reduce speculations.
Leemember that hdb flat is a public housing for living, not to make money out of it.
Click to expand...
 
This will never work because the whole point for the fixed 99 year lease is to have full control of what to do with the land at the very same time. You think it’s easy to control land use when everyone staying in the same block have differing expiry dates on their homes?

Stupid economics theorist without brain! Sometimes ppl study too hard till they cannot think of practical solutions.
 
Scrooball (clone) said:
This will never work because the whole point for the fixed 99 year lease is to have full control of what to do with the land at the very same time. You think it’s easy to control land use when everyone staying in the same block have differing expiry dates on their homes?

Stupid economics theorist without brain! Sometimes ppl study too hard till they cannot think of practical solutions.
Click to expand...
Currently some bto already have a mixture of flexi 15 years to max 99 years de woh.

99 years lease was just a arbitrary figure pap anyhow issued long ago. They wouldn't think so far ahead then.

To bring down the cost of hdb for now, there is no better solution then to reduce the lease.
Human doesn't live that long.
Don't tell me about leaving a legacy to the descendant, it is supposed to be for them to live in.
Want to talk descendants then go pte freehold.
 
sbfuncle said:
Currently some bto already have a mixture of flexi 15 years to max 99 years de woh.

99 years lease was just a arbitrary figure pap anyhow issued long ago. They wouldn't think so far ahead then.

To bring down the cost of hdb for now, there is no better solution then to reduce the lease.
Human doesn't live that long.
Don't tell me about leaving a legacy to the descendant, it is supposed to be for them to live in.
Want to talk descendants then go pte freehold.
Click to expand...

At least can support them til middle age leh...lan jiao la
 
Eisenhut said:
At least can support them til middle age leh...lan jiao la
Click to expand...
On average, sinkies will buy the flat at 30.
For a 60 years lease, it will last them till 90 yo.
On average, sinkies will have children at 30 too.
When the children reach 40, the flat will still have a good 20 years to live until 60.
Not enough mare, or you want to have jlb children? :cool:
If you talk about what if they buy leesale and left a little lease, then I said jiak sai lor, the orleeginal goal of a hdb is to have a shelter and not to make money out of it.
 
He should suggest the land costs must be capped at the 20% of the purchase costs of the flat. The flat should be minimum, no flooring，no deco and no tiles. Only basic amenities
 
By 2025 every sinkie should know property is a government tool for fattening its reserves in terms of bank loans.

This was still acceptable until Mah bow tan liberalised the public housing market and caused price levels to run away. Now Gen Z-ers will pay 1M for HDB flats because their parents didn't vote more opposition MPs 20 years ago.
 
World best safe haven asset
Rogue Trader said:
By 2025 every sinkie should know property is a government tool for fattening its reserves in terms of bank loans.

This was still acceptable until Mah bow tan liberalised the public housing market and caused price levels to run away. Now Gen Z-ers will pay 1M for HDB flats because their parents didn't vote more opposition MPs 20 years ago.
Click to expand...
 
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