- Joined
- Jan 5, 2010
- Messages
- 2,086
- Points
- 83
HDB is a Ponzi Scheme.
Why can't HWZ forumers just be frank, call a spade a spade and say Mah Bow Tan turned HDB into a ponzi scheme?
Would be good too for Singapore if housing prices didn't hit the roof: would attract more talented professionals to Singapore rather than greedy and fleet footed property punters and make Singapore less attractive to terrorist attack because less spectacular would the outcome of the subsequent economic crash be: i.e. the bigger the bubble, the more spectacularly it explodes, so the smaller the property price bubble, the less bang for the buck the terrorist get when executing a terror attack without fleet footed property punters to absolutely deflate the economy at any sign of terrorist upper hand.
Besides, high property prices become an anti-climax factor to younger generation because when they compare LKY generation HDB price appreciation/ inflation (e.g. $10k to $300k over say 30yrs), they see only price deflation (certainly in real terms) in their own case as well as escalating costs of living, which gives them a sour mood about the capabilities and competence of the PAP, which means that PAP political mandate would be much weakened.
So silly of PAP to allow Mah Bow Tan to have driven the train off the track, now have to correct HDB property prices and cool down the expectations of elderly who think HDB flat can provide retirement $$$.
PAP sowed the seeds of its own extinction.
That someone is Mah Bow Tan, just say it lah.
Why can't HWZ forumers just be frank, call a spade a spade and say Mah Bow Tan turned HDB into a ponzi scheme?
Would be good too for Singapore if housing prices didn't hit the roof: would attract more talented professionals to Singapore rather than greedy and fleet footed property punters and make Singapore less attractive to terrorist attack because less spectacular would the outcome of the subsequent economic crash be: i.e. the bigger the bubble, the more spectacularly it explodes, so the smaller the property price bubble, the less bang for the buck the terrorist get when executing a terror attack without fleet footed property punters to absolutely deflate the economy at any sign of terrorist upper hand.
Besides, high property prices become an anti-climax factor to younger generation because when they compare LKY generation HDB price appreciation/ inflation (e.g. $10k to $300k over say 30yrs), they see only price deflation (certainly in real terms) in their own case as well as escalating costs of living, which gives them a sour mood about the capabilities and competence of the PAP, which means that PAP political mandate would be much weakened.
So silly of PAP to allow Mah Bow Tan to have driven the train off the track, now have to correct HDB property prices and cool down the expectations of elderly who think HDB flat can provide retirement $$$.
PAP sowed the seeds of its own extinction.
Soulhacker(HWZ) said:
That someone is Mah Bow Tan, just say it lah.
