Who really benefits from high home prices?

[hockbeng]

Whenever I encounter someone who gets ecstatic about how high prices of homes have become cos they bought it early/so many years ago blah blah!

These people are idiots and dont realize the repercussions:
1. Their kids will bloody suffer and be enslaved by debt.
2. These are the very same jokers who complain that cost of food/medical care/transport/cars are too high and that their cpf money is insufficient to fund their retirement.
3. At the same time, these jokers refuse to sell their homes, and continue to live in their big homes, and at the same time complain that this too expensive and that too expensive. Hello? You expect others to earn peanuts while you stay in your million $ homes?

The true beneficiaries?
Gov!
Developers!
REITS

The rest are screwed!

 

[singveld]

PAP salary pep on GDP, if they push the price up, the GDP goes up, they get more salary and bonus etc.

so the answer is PAP ministers, civil servants, bankers etc.

Whenever I encounter someone who gets ecstatic about how high prices of homes have become cos they bought it early/so many years ago blah blah!

These people are idiots and dont realize the repercussions:
1. Their kids will bloody suffer and be enslaved by debt.
2. These are the very same jokers who complain that cost of food/medical care/transport/cars are too high and that their cpf money is insufficient to fund their retirement.
3. At the same time, these jokers refuse to sell their homes, and continue to live in their big homes, and at the same time complain that this too expensive and that too expensive. Hello? You expect others to earn peanuts while you stay in your million $ homes?

The true beneficiaries?
Gov!
Developers!
REITS

The rest are screwed!

 

[1sickpuppy II]

Hence I have tanken some measures to reduce these screw ups
1. All my kids are grown up and are staying overseas where property prices are not that bad and they don't need to be enslaved with the housing debt.
2. True food prices are kind of high compare to our neighbours but we still need to eat right? So eat what you need while in SG and enjoy yourself overseas. As for medicare well.... take care of your health.As for medication n treatments go north and buy even without SG govt subs its much cheaper than poly. For transport and car if cannot afford don't buy a car and the public transport can say got room for improvement but I can tell u its way better than our neighbours.
3.Selling my P.Hole? Not yet not retired yet. Got already planned got a semi-D overseas and just waiting for my retirement then think if I should sell away this P.Hole or rent it out. ATM staying put.

 

[jw5]

The elites benefit, as they do for all policies in this tiny red dot.

 

[Leongsam]

The true beneficiaries?
Gov!
Developers!
REITS
The rest are screwed!

Emigrants who sell their homes at inflated prices to idiots who are willing to pay those astronomical sums are the ones who benefit.

They can then buy a decent home in a proper country and still have a tidy sum to bank.

 

[whoami]

Now u guys know why some smart Singaporeans buying foreign properties...including JB properties?

 

[Ramseth]

Higher HDB prices benefit private property developers. They can charge higher prices and yet look attractively priced. It also benefits the government treasury of course, by way of higher property tax revenues.

 

[Watchman]

Lets continue to help break record prices of homes in Singapore .

For the greater prosperity of Singaporeans .

 

[batman1]

Lets continue to help break record prices of homes in Singapore .

For the greater prosperity of Singaporeans .

Instead of torturing the people of singapore bit by bit,why don't Mah Bow Tan and his HDB increased the prices of HDB flats to S$1.0 million in one go ?
U think greedy and coward singaporeans have to Lan Lan accept also ?

 

[Getloud]

Emigrants who sell their homes at inflated prices to idiots who are willing to pay those astronomical sums are the ones who benefit.

They can then buy a decent home in a proper country and still have a tidy sum to bank.

You beat me to that answer

 

[0939]

Emigrants who sell their homes at inflated prices to idiots who are willing to pay those astronomical sums are the ones who benefit.

They can then buy a decent home in a proper country and still have a tidy sum to bank.

Well said. People who are in the late 40s years should benefit, as their properties have soared. If you can afford to buy further, buy one from oversea, in case the properties bubble burst in Singapore. Prices just cannot go up further. Us Hongkong, Taipei, Seoul and Tokyo as your benchmark.

 

[eatshitndie]

Higher HDB prices benefit private property developers. They can charge higher prices and yet look attractively priced. It also benefits the government treasury of course, by way of higher property tax revenues.

they also help the gdp and kpi-related compensation and bonuses for ministers and senior civil servants tied to the growth of the gdp which has a substantial construction component.

 

[Papsmearer]

Whenever I encounter someone who gets ecstatic about how high prices of homes have become cos they bought it early/so many years ago blah blah!

These people are idiots and dont realize the repercussions:
1. Their kids will bloody suffer and be enslaved by debt.
2. These are the very same jokers who complain that cost of food/medical care/transport/cars are too high and that their cpf money is insufficient to fund their retirement.
3. At the same time, these jokers refuse to sell their homes, and continue to live in their big homes, and at the same time complain that this too expensive and that too expensive. Hello? You expect others to earn peanuts while you stay in your million $ homes?

The true beneficiaries?
Gov!
Developers!
REITS

The rest are screwed!

SIgh, the true beneficiaries are the PAP elites starting with Familee, this simple obvious fact also u don't know? The Lees and the Kwas are some of the biggest property owners in the country. When u add in all their relatives and PAP top echelon lackeys, they are collectively some of the largest land and property holders. They buy private properties, and not just one or 2 condos here and there. there is a entire terrace development near tanglin halt that is own by LKY. Why u think they are not interested in declaring their assets in their so call clean and transparent govt.