Well about time a government not only stands up, hears and understands the people's concerns but also have the guts to implement the unpopular decision. I'm sure a lot of investors are hopping mad. This is big news (at least for me) in Australia and I hope many young couples and families are rejoicing. Read all about it here.
I am all for investors coming in. Especially when there is a downturn and their investments help people to continue to have their jobs. But when the citizens and common people get slowly edged out, the policy has to be tinkered. Or thrown out of the window. The current house prices are really, really crazy right now. And the situation is aggravating. Sometimes I think I see a disgust on some faces during auctions. Of course the owners are the only ones beaming with joy.
I am glad the Australian government got this one right - their duty is to the Australians FIRST. I truly hope Singapore government does the same thing. But I have this familiar (pessimistic?) feeling that nothing is going to change drastically. What can you do when we have ministers telling us 'housing is still affordable'. About time someone 'wake up his idea' (meaning stop dreaming).
1 comment:
Actually, not only are thye not doing much about it, their controlled media was, I think on the same day as that Australian report or the very next day, quoting a biased point of view from a handful of "experts" who think that Singapore's property market is going to continue upwards in 2010.
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