Tuesday, February 24, 2009


It is not a zero sum game as long as the govt don't kill the resale market with over supply and over invested properties.Young family who needs bigger flat now must not feel that their investment will worth nothing or that they will suffer a great loss when it is time for them to downgrade because their kids have grown up and left to build their own nests elsewhere.And for many singles who own properties, they too can liquidate by downgrading to finance their old age.For most singaporeans, their home is their only asset. They have put so much money into this pigeon holes , do you want their homes to worth nothing or cause them great financial loss?90% of them are homeowners. Don't play play. The government knows that.You just hope the government don't screw up the value of your family or your homes which is highly possible because of oversupply and the reliance on foreigners.High value is not an issue if we keep to an affordable formula for most singaporeans. But a rock and roll property market will only benefit the savvy rich investors - not stupid investors.The people who are preaching doom to the market are probably waiting at the sideline to reap from unfortunate homeowners who have fallen into bad times and force a fire sale.I opt for a stable property market.Once up, stay and hold and preferably,don't rise beyond the means of the general market nor fall to the point of hurting our fellowmen.For those who truly can't afford even the most modest homes, we can always press the government for more subsidies to breach the gap for these folks.Overall, a healthy return for our homes can only benefit everyone in the long term.No true singaporean will want to see those who have fallen into bad times to lose their homes or suffer great financial loss because of it so that some dogs can come along and pick it up and make a huge profit when the prices rise again

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