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yogaloungeforever
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Postby yogaloungeforever » Fri, 20 Jun 2014 3:34 pm

At the end of the day it's about the laws of economics. Of course everybody would like to make a profit. some more so than others.

However let's not forget many years back before the Singapore government realised that a lot of PRs had taken advantage (or more likely abused) their rights and had gone back to their home country and rented out their HDBs. That caused so many problems for both the tenant and the agent. And a lot of them would lock up some rooms and rent their unit at full unit price. Hence the government has now come up with policies for PRs who want to purchase HDBs.


sundaymorningstaple wrote:
Sing Along wrote:
If it is private housing, by all means. If it is public housing and they are cashing out to return to their home countries, I have an issue.

If they intend to stay on in Singapore to contribute, have their sons serve NS and make this their permanent home, I have no issue.


Take a good look inwardly if you want to know who is responsible for that scenario. Singaporeans are responsible for doing it to themselves in their greed for constant churning to upgrade. All HDBs are sold new to Singaporeans only. Part of the deal. However, after the MOP, they are free to sell it on the open market. Soooooo, they ask a hefty price and will not sell it to another local at a reasonable price. Add to that the other Singaporean Landlords who own and rent out private housing. They ask for sky high rentals as they know the foreigners are stuck and have to live somewhere, so they gouge the foreigners with stupidly high rentals. Somebody gets PR and they need a place to live (remember, most EPs who get PR loose their "allowances" upon gaining PR AND they experience a 20 percent drop in disposable income due to the onset of CPF. Now, they have no choice but either bleed to the locals landlords or bleed in the purchase of an elevated resale flat. Now the Singaporeans who own these HDB flats COULD sell to other Singaporeans at reasonable resale prices, but greed jumps up into their eyes so they hold out for the captive audience who really NEEDS a flat as they cannot live with their parents as a lot of locals do, until such time as they can buy new from the HDB.

You see, all the gripes are nothing but a smoke screen for evil Singaporeans to hide behind while they continue to gouge the foreigner and then complain because the foreigner had to pay the price either in mortgage or in inflated rentals. The new PR's expenses are much, much more than the locals, especially if they have young children. Hospital/medical costs have lesser subsidies, Schooling has lesser subsidies, No GST rebates or any other type of rebates, their children (male) have to do NS but cannot vote (can die for the government but cannot vote for the government). No relatives/parents to live with rent free like most young locals (except the few semi-goodly souls who contribute to the welfare of their parents).

Regarding HDB housing, Singaporeans are hoist by their own petard.
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x9200
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Postby x9200 » Fri, 20 Jun 2014 3:34 pm

nakatago wrote:
JR8 wrote:I find it strange that this forum is an oasis of calm, experience, and considered help and support, and then....

2 or 3 trolls always turn up at the same time.

[or so it seems]


The most pristine beach resort will get the occasional storm every once in a while.


I don't think it is a coincident. More like the link to this thread was posted somewhere, or people are searching for the original blog article.

yogaloungeforever
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Postby yogaloungeforever » Fri, 20 Jun 2014 3:35 pm

Image


rajagainstthemachine wrote:
yogaloungeforever wrote:Well .... likewise!


Likewise to what ?
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Postby opinionatedman » Fri, 20 Jun 2014 3:37 pm

yogaloungeforever wrote:Image


rajagainstthemachine wrote:
yogaloungeforever wrote:Well .... likewise!


Likewise to what ?



Wow, what a contructive argument you gave!!! Hats off to your argumentative spirit and debating skills.

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rajagainstthemachine
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Postby rajagainstthemachine » Fri, 20 Jun 2014 3:45 pm

yogaloungeforever wrote:At the end of the day it's about the laws of economics.


Move right along Captain Obvious

yogaloungeforever wrote:That a lot of PRs had taken advantage (or more likely abused) their rights and had gone back to their home country and rented out their HDBs.


do you have any detailed statistics to back up your point?

yogaloungeforever wrote:That caused so many problems for both the tenant and the agent. And a lot of them would lock up some rooms and rent their unit at full unit price.


I know some Singaporean Citizens who are doing that right now as we speak. psst I could tell your their race too, and they aren't ..hold your breath INDIAN!

yogaloungeforever wrote:Hence the government has now come up with policies for PRs who want to purchase HDBs.


your conclusion is as blinding as your logic.
#yogalogicfail
Last edited by rajagainstthemachine on Fri, 20 Jun 2014 3:45 pm, edited 1 time in total.
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yogaloungeforever
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Postby yogaloungeforever » Fri, 20 Jun 2014 3:45 pm

As for you opiumman ....

Image


opinionatedman wrote:Wow, what a contructive argument you gave!!! Hats off to your argumentative spirit and debating skills.
Life is short hence I live it to its fullest, that is .... I eat and sleep

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Postby ecureilx » Fri, 20 Jun 2014 3:51 pm

Sporkin wrote:Not all SC's get to buy first hand from public housing either, there's a income cap, but that's a separate issue.

Amount of profit really would depend on the time of market entry wouldn't it, but does the amount actually matter? If the purported interest of the govt to encourage PR->SC conversion, then this would be something to tilt in that favour.

I really do not have statistics on PR vs local demand of public housing, if someone could provide a link that would be fantastic. In any case if
a) there isn't much profiteering and,
b) PR demand isn't there
then it does not matter if there is a Capital Gains Tax imposed specifically for public housing wouldn't it?
]


not all SCs buy new because they want choice flats, so don't blame the PRs .. its not like they were forced to buy in resale

answers from PRs I know ... some who sols their flats to get new ones when they got SC.. and the only very few who moved to other countries (no, they didn't skim the profit an retire ... ) it was nothing almost, as they sold at lower prices ... and a few who got relocated to US by their employer sold at a loss when they cancelled their PR ...

for question b, do some research on what percentage of PRs own houses .. these are publicly available

you believe a lot of opposition propaganda I believe ... or blaming PRs for all misery ...

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Postby Steve1960 » Fri, 20 Jun 2014 3:53 pm

So, how long are the Mods going to let this continue?

Some of these trolls comments make me fall off my chair laughing. Blade is an absolute gem.

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Postby JR8 » Fri, 20 Jun 2014 3:59 pm

Steve1960 wrote:So, how long are the Mods going to let this continue?

Some of these trolls comments make me fall off my chair laughing. Blade is an absolute gem.


There used to be (IIRC) something of a tradition of letting relatively harmless trolls, 'burn brightest' into Friday p.m., for the greater entertainment of others.

Seems fair enough. It is eye opening how loony some of these people are, and it's not like one manages to adjust to and cope with life in SG, and then suddenly fall over mortally insulted by some child-like hater-troll on the web.

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Postby Steve1960 » Fri, 20 Jun 2014 4:02 pm

JR8 wrote:
Steve1960 wrote:So, how long are the Mods going to let this continue?

Some of these trolls comments make me fall off my chair laughing. Blade is an absolute gem.


There used to be (IIRC) something of a tradition of letting relatively harmless trolls, 'burn brightest' into Friday p.m., for the greater entertainment of others.

Seems fair enough. It is eye opening how loony some of these people are, and it's not like one manages to adjust to and cope with life in SG, and then suddenly fall over mortally insulted by some child-like hater-troll on the web.


Absolutely, sticks and stones etc etc. You all know my wife is Filipina and I have not taken any of this personally it has been very amusing much of the time.

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Postby nakatago » Fri, 20 Jun 2014 4:02 pm

Steve1960 wrote:So, how long are the Mods going to let this continue?

Some of these trolls comments make me fall off my chair laughing.


As long as it entertains people.

https://www.youtube.com/watch?v=FsqJFIJ5lLs&feature=kp

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Postby singaporebornand bred » Fri, 20 Jun 2014 4:05 pm

Mi Amigo wrote:
Blade wrote:And dont worry I am born and bred here i reserve the right to criticize my fellow Sinkies.Others have not earned that and will never.

Well guess what, as someone who contributed to your country's development for ten years, creating jobs for Singaporeans in the process, I am hereby exercising my right to criticise you. If you don't like it, tough.

Blade wrote:And BTW go find out what the word Xenophobic means.

I'm quite aware of what it means. Are you? Just imagine if the CEO of a MNC thinking of investing in Singapore were to read your comments here, and the vile, obnoxious rants in that 'Blood stained Singapore' blog. What do you think would be their impression of the country and its local population?

Blade wrote:We are certainly not, infact We have been welcoming outsiders for 300 years.

Until now.

Anyway, as an American friend of mine once said, one should never get into a pi$$ng contest with a skunk, so...

Image


Please lah, do you employ hundreds or thousands of SIngaporeans ? Employing less than 0.001% of singapore's population and you are claiming the right to criticise SIngaporeans.. We dont care if you pull out and get the hell out of SIngapore it wont make a difference to us at all !!!

yogaloungeforever
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Postby yogaloungeforever » Fri, 20 Jun 2014 4:07 pm

I just could not helped but laugh .... :D Kinda enjoying myself with the responses on this thread!


nakatago wrote:
Steve1960 wrote:So, how long are the Mods going to let this continue?

Some of these trolls comments make me fall off my chair laughing.


As long as it entertains people.
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Postby singaporebornand bred » Fri, 20 Jun 2014 4:09 pm

Blade wrote:Working on my Golf swing...later.

Keep up the GDP numbers now..thanks.


Blade , i'm here to help you.. SIngaporeans unite !!!

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Postby Akimbo » Fri, 20 Jun 2014 4:15 pm

singaporebornand bred wrote:
Blade wrote:Working on my Golf swing...later.

Keep up the GDP numbers now..thanks.


Blade , i'm here to help you.. SIngaporeans unite !!!


Image
Last edited by Akimbo on Fri, 20 Jun 2014 4:19 pm, edited 1 time in total.
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