but the size of your flat will get smaller as the Price Per Square Foot increases…
also, do note that your wages have not increased by the same percentages even though HDB prices have increased by astronomical percentages…
but the economy is growing and doing well so the cost of your flat has to increase…
that’s how you benefit from the growth, even though you don’t actually have more money to pay for it…
even though when you sell your flat, the price of every other flat is also that high…
so when you buy a new place, you actually might have less than before, or more than before but in a worse flat/environment…
also, well, now we let your borrow more money….
that’s how something becomes affordable…
we let you borrow more… bond your life to us longer….
this is your home. COMMIT TO IT.
The Singapore Daily » Blog Archive » Daily SG: 15 Dec 2009 | 15-Dec-09 at 11:01 am | Permalink
[...] Housing – Blowin’ In The Wind: Singapore HDB resale flat prices highest in two decades – Today In Singapore: Flat Prices Will Always Rise – Musings From the Lion City: Change Your Argument (Part 2) – The Rot Within: Up, up and away – The Temasek Review: A letter to Mr Mah Bow Tan on his “realistic” remark – Ian On The Red Dot: HDB Will Continue To Be More Affordable [...]
The Singapore Daily » Blog Archive » Weekly Roundup: Week 51 | 19-Dec-09 at 9:10 am | Permalink
[...] The Temasek Review: A letter to Mr Mah Bow Tan on his “realistic” remark – Ian On The Red Dot: HDB Will Continue To Be More Affordable – Hear Ye! Hear Ye!: HDB flats and the illusion of wealth – Sgpolitics.net: HDB flat prices: [...]