Re: Freehold Property Big Fuck? Still Can Take Back And Relegate You to 99-Year Lease
Peasants cannot afford HDB flats. just like they cannot afford a car, but they will still buy it. They are swallowing the PAP shit. PAP tell them its affordable. And PAP manipulate the housing market such that HDB is the cheapest available housing. But because they are the cheapest, it does not mean they are affordable. How can you tell this? People who can afford their housing do not deplete their retirement account every month to pay for it. If you have to dip into your retirement savings to pay for a particular item, then that item is not affordable to you. Simple? Understand now?
as long as the population continues to afford it over a extended period of loan and interest rates remain low and the economy hums along,things could remain this way for a long time,
Peasants cannot afford HDB flats. just like they cannot afford a car, but they will still buy it. They are swallowing the PAP shit. PAP tell them its affordable. And PAP manipulate the housing market such that HDB is the cheapest available housing. But because they are the cheapest, it does not mean they are affordable. How can you tell this? People who can afford their housing do not deplete their retirement account every month to pay for it. If you have to dip into your retirement savings to pay for a particular item, then that item is not affordable to you. Simple? Understand now?