HDB Policy Failure and How It will Hurt ALL Singaporeans

[aurvandil]

The policy failure of HDB is not affordability.

Rather it is the destructive boom-bust cycle which which HDB has set up.

From 2003 to 2009, HDB built too few flats to meet the needs to Singapore's growing population.

This has resulted in a housing bubble which is now fully formed.

In response to the housing bubble, HDB is FORCED to build 3 to 4 times the number of flats it had previously built.

Needless to say, this WILL lead to a collapse of the property market.

I use the word "FORCED" because NOTHING can be done to stop the impending market collapse. If HDB does not act NOW to close the shortage, the market will go even higher still and the damage will be even greater when the bubble bursts.

After boom-bust cycle has run its course, we will have a small group of people who would have made large windfall profits. We will however have a much large group of people who will looking at huge paper losses and probably a high debt burden for the rest of their life.

This is a monumental policy failure on the part of HDB.

Policy sucess would have been building HDB flats in tandem with population growth so that there is stability in the housing market.

 

[Highfalutin]

That's the whole idea ain't it? Housing debt is the hand that will squeeze your balls when you start having opposition ideas.

 

[Sperminator]

The policy failure of HDB is not affordability.

Rather it is the destructive boom-bust cycle which which HDB has set up.

From 2003 to 2009, HDB built too few flats to meet the needs to Singapore's growing population.

This has resulted in a housing bubble which is now fully formed.

In response to the housing bubble, HDB is FORCED to build 3 to 4 times the number of flats it had previously built.

Needless to say, this WILL lead to a collapse of the property market.

I use the word "FORCED" because NOTHING can be done to stop the impending market collapse. If HDB does not act NOW to close the shortage, the market will go even higher still and the damage will be even greater when the bubble bursts.

After boom-bust cycle has run its course, we will have a small group of people who would have made large windfall profits. We will however have a much large group of people who will looking at huge paper losses and probably a high debt burden for the rest of their life.

This is a monumental policy failure on the part of HDB.

Policy sucess would have been building HDB flats in tandem with population growth so that there is stability in the housing market.

Sounds like a business opportunity to me!