Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reserves?

[SNAblog]

“This is because all land is sold at prices set by the Chief Valuer, and the land sale proceeds go into the reserves. When he says that I’m going to finance this by lowering the value of land, basically what he’s doing is taking money from the reserves. It is not a matter of left pocket to right pocket, it’s a matter of taking, dipping into the reserves,” - Mah Bow Tan

The current high prices of HDB flats had forced many Singaporeans to undertake 25 - 30 years mortgage loans in order make their monthly instalment payment barely manageable. It is the right policy to grow our reserve from increasing the debt burden of the people through public housing? Is the aim of public housing to put the citizens under heavy debt in order to keep our reserves afloat?

 

[cleareyes]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

“This is because all land is sold at prices set by the Chief Valuer, and the land sale proceeds go into the reserves. When he says that I’m going to finance this by lowering the value of land, basically what he’s doing is taking money from the reserves. It is not a matter of left pocket to right pocket, it’s a matter of taking, dipping into the reserves,” - Mah Bow Tan

The current high prices of HDB flats had forced many Singaporeans to undertake 25 - 30 years mortgage loans in order make their monthly instalment payment barely manageable. It is the right policy to grow our reserve from increasing the debt burden of the people through public housing? Is the aim of public housing to put the citizens under heavy debt in order to keep our reserves afloat?

I find MBT's statement weird and close to illogical and indefensible.

When did a actual piece of land have any value? Value only appears when infastructure is build upon a piece of land, hence giving that land actual value, as by itself, bare land has no value.

I m sure NSP and WP are refering to the value of HDB units and not value of the land. And how does lowering the value of HDB units hurt the reserve? Aint the reserve already have been there? Do we have any reserve to even speak of?

Did MBT pass his economics? Did ever do economics in school at all???

 

[cleareyes]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

“This is because all land is sold at prices set by the Chief Valuer, and the land sale proceeds go into the reserves. When he says that I’m going to finance this by lowering the value of land, basically what he’s doing is taking money from the reserves. It is not a matter of left pocket to right pocket, it’s a matter of taking, dipping into the reserves,” - Mah Bow Tan

The current high prices of HDB flats had forced many Singaporeans to undertake 25 - 30 years mortgage loans in order make their monthly instalment payment barely manageable. It is the right policy to grow our reserve from increasing the debt burden of the people through public housing? Is the aim of public housing to put the citizens under heavy debt in order to keep our reserves afloat?

I find MBT's statement weird and close to illogical and indefensible.

When did a actual piece of land have any value? Value only appears when infastructure is build upon a piece of land, hence giving that land actual value, as by itself, bare land has no value.

I m sure NSP and WP are refering to the value of HDB units and not value of the land. And how does lowering the value of HDB units hurt the reserve? Aint the reserve already have been there? Do we have any reserve to even speak of?

Did MBT pass his economics? Did ever do economics in school at all???

 

[clinton666]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

I find MBT's statement weird and close to illogical and indefensible.

When did a actual piece of land have any value? Value only appears when infastructure is build upon a piece of land, hence giving that land actual value, as by itself, bare land has no value.

I m sure NSP and WP are refering to the value of HDB units and not value of the land. And how does lowering the value of HDB units hurt the reserve? Aint the reserve already have been there? Do we have any reserve to even speak of?

Did MBT pass his economics? Did ever do economics in school at all???

You retarded gay dog:oIo:

Are you willing to sell me your property at half price. If not, you should SHUT THE FUCK UP!!!:oIo::oIo::oIo::oIo:

 

[youtalkcock]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

Are you willing to sell me your property at half price.

$20 best offer !!! Mai tu leow !!!

 

[clinton666]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

$20 best offer !!! Mai tu leow !!!

You retarded pervert:oIo:

You are pimping this little girl for $20 I am reporting you to UNHRC
You should forward your service to your gay buddy LeeTahBar:oIo::oIo::oIo::oIo:

 

[uncleyap]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

Actually Malboro's statement is a solid confirmation of famiLEE LEEgime hopelessly stuck in the inevitable quicksand of their own property bubble.

They are only heading deeper into it and this is confirmed by Malboro Tan's statement.

This is the most painful haemorrhoid in their ass and this GE we must make it bleed until they pass out.

This is something that they began to do before even GCT era, but worsen during GCT era, by the time of Ass Loong there is already no hope that they could get out alive. There is nothing they can do about it now without bleeding themselves and HDB flat owners unfortunately.

The base principal for opposition to deal with this issue is AT ALL TIME, this must remain as LEEgime's fault, and clearly state there is no painless nor loss-less solution anymore, thanks to LEEgime. Never try to propose any SMART VIABLE IDEAS it will only get yourself also into this quicksand. From the start we must keep only LEEgime inside this quicksand that they are the only one remaining inside.

That is the game.

 

[streetsmart73]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

hi there

1. honest, i laugh till i piss in my pants man!
2. now, who are the paying "servant" and masters?
3. this is affordability 101!

 

[eQuipment]

Re: Getting citizens into heavy debt burden of owning a HDB to grow Singapore's reser

when HDB was in the hands of GKS, it was known as housing development board.
today HDB in the hand of MBT, is renamed as heavy debts bureau