tag:blogger.com,1999:blog-28086856.post7478770236482890486..comments2024-03-20T01:42:13.273+08:00Comments on Eight percent per annum: Value investing in Singapore stocks: What's Wrong with HDB Prices?Jayhttp://www.blogger.com/profile/03292158817395898619noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-28086856.post-29110447518060014042011-05-25T12:21:29.716+08:002011-05-25T12:21:29.716+08:00Hi 8percentpa, great analysis. love it when people...Hi 8percentpa, great analysis. love it when people are able to support critiques with sound argument and clear statistics (though they can lie).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-37775219668630488722011-05-23T07:48:43.776+08:002011-05-23T07:48:43.776+08:00A piece of advice for the case mentioned here. The...A piece of advice for the case mentioned here. There is a very good way to improve his cash-flow. As condo price is all time high, it is a good time to sell his condo and I am sure he will make some money. Some people actually quit their job for a while so that they are below the income ceiling to buy a HDB. In this case, you will have spare cash to invest to get better return.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-58084487274341767792011-05-01T00:28:25.074+08:002011-05-01T00:28:25.074+08:00Good point on the "sandwiched" classes, ...Good point on the "sandwiched" classes, I definitely agree that they are short-changed.<br /><br />HDB does have a few policies that need to be reviewed. <br /><br />At the same time, foreigners, poor income for the bottom 20%, these are major issues that need to be tackled in relation as well.<br /><br />The former PPS of GCT really did sum it well in his economic paper, I urge readers to read it!Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-70266894967381769502011-04-30T09:24:19.265+08:002011-04-30T09:24:19.265+08:00Hmm very interesting post.
To be specific, I don&...Hmm very interesting post.<br /><br />To be specific, I don't think it's the income disparity. I think it's about how policies in Singapore completely overlook certain "sandwiched" classes.<br /><br />One example is the "lower-middle" class; people who earn a variable income just above $1500. They are unable to afford a HDB flat outright, yet unable to rent one because HDB sets a hard cap of $1500 for rental flats.<br /><br />Another example are couples with a combined income of just over $8000. They are unable to qualify for a HDB flat, yet unable to afford a condo/landed property. My cousin pays more than $2500 a month out of his combined family income of $8500 for his condo loan repayment, and this is for like 20 years. Take away CPF, car loan repayment, supporting his parents and his son, he doesn't have much left. His wife and him are degree holders and working from 9am till past 11pm every day, yet they spend most of their time worrying about how to save for their child's future education. <br /><br />I think Singapore first has to fix its policies, especially in relation to housing, before addressing other issues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-22300406638556188512011-04-29T16:25:16.000+08:002011-04-29T16:25:16.000+08:00Just bring in another 900,000 FWs (and renew the w...Just bring in another 900,000 FWs (and renew the whole population)!<br />Oops! Who said that?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-71287032037513593802011-04-28T09:39:28.804+08:002011-04-28T09:39:28.804+08:00Thanks 8percentpa,
Your analysis is very understa...Thanks 8percentpa,<br /><br />Your analysis is very understandable and makes solid sense.<br /><br />Time for a change....<br /><br />Civil servantAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-24550152694816125692011-04-27T21:37:49.170+08:002011-04-27T21:37:49.170+08:00Yes, income inequality is my point exactly. Very g...Yes, income inequality is my point exactly. Very good read, thank you.zhennoreply@blogger.com