Saturday, April 30, 2011

Affordable Housing Is In Sight

Sorry for scaring all you folks about the cost of housing with data from the Ministry of National Development (graphic was from the state paper) . The bad news is that the 25- to 30- year repayment schedules are all true. The good news is that houses in opposition wards are cheaper.

 Outdoing the Goh Chok Tong football tactic of kicking in his own goal, MM Lee Kuan Yew said last night at a PAP rally that homes in Hougang cost less than similar ones in neighbouring areas because they belong to an opposition ward. Suddenly, young voters in Aljunied GRC may not have to lose sleep about being able to afford their first HDB flat after all. All they need to do is check the correct box on the ballot paper on May 7. Hallelujah! May all the Gods (Christian, Buddhist, Malay, Indian) be praised!

Of course the old guy was trying to salvage the land-cost-to-reserves sleight of hand claims of Mah Bow Tan. The torpedo was aimed at the opposition's proposal of pegging new flat prices to median household income levels, but you can't aim too good when you are approaching 88. The dimming eyesight, quivering hands and wobbly gait don't exactly make for good marksmanship.

The volley about the "two unknowns" in the Workers Party's dream team also landed outside the fairway (his drive must be off since his gave up golf). So what do we know about Puthucheary except for his famous father? Other than the nonsense about saving babies lives being equivalent to serving NS? Who's to say Heng Wee Keat has the track record to be a credible Finance Minister? His only "relevant" experience was being PPS to MM Lee before being appointed managing director of MAS. Have you seen prices reduced by the MAS policy of strengthening the SingDollar? So will the Istana guys who hand him his hot towels for his aching bones, on time, at the right temperature, be made ministers too? Did you see the sickening live TV coverage at Tanjong Pagar GRC nomination center, with Lee following after the political virgin Chan Chun Sing like a lovesick puppy dog? "But I guarantee you you will not do better than the PAP candidates" surely must sound real hollow in the light of what we have seen and heard.

Whatever happened to the Lee Kuan Yew that was admired and looked up to? Even dead Michael Jackson is more highly regarded, despite his special attention for younglings.

14 comments:

  1. Very good point on the strengthening of our currency against the USD. Our electricity bills has again gone up presumably due to the increase in crude oil prices, can anyone tell me why the strengthening of our Sin$ hasn't help? Same thing with our petrol prices!

    ReplyDelete
  2. It has helped by reducing the rate of increase, commodity prices have gone up by 50% however, Cost of Living expenses went up by 5%- 8% due to stronger local currency.

    ReplyDelete
  3. The US inflation rate is under 2% even with a weakening currency. So how does inflation here reach 5-8% with a strengthening currency?

    Here are some possible explanations -

    1. Domestic factors such as rent, electric, water, gas, levies, and taxes.
    2. Increased demand as a result of population growth.
    3. Privatization of public utilities and unregulated pricing power of monopolies.
    4. Reduced subsidies in areas such as healthcare.

    ReplyDelete
  4. Just pointing out the '(Christian, Buddhist, Malay, Indian)'. Malay and Indian are considered races, not religions; thus there are no 'Malay' gods or 'Indian' gods.

    ReplyDelete
  5. Ha Ha, it is always a chore in multi-religious/multu-races Singapore not to get mixed up about the God or gods / races/ religions-faiths!

    Furthur to anon 2:02pm, Buddhist do not have gods ! ( I stand corrected...if my understanding is flawed.)

    ReplyDelete
  6. Isn't Guanyin known in English as the Mercy Goddess or Goddess of Mercy? Wikipedia says there are hundreds of local gods and goddess as well as demigods, e.g. God of the Earth, God of the Kitchen, God of Wealth, God of Happiness, God of Prosperity, etc. The list of Hindu gods and goddesses is even longer - Ganesha, Shiva, Krishna, Durga, Kali, Lakshmi, Saraswati, Jagannath, Hunuman... and more. Only the Christians and Muslims believe in one god.

    ReplyDelete
  7. over the yrs, LKY has earned the reputation of being the god of wealth or the god of prosperity...either you collect plenty of $$ being his stooge or lose your wealth going against him, and a opportunist like Chan chun sing can see himself becoming one of the many multi millionaires in parliament. But,
    the chance to prosper will diminish each month because this god has an expiry date.

    ps: i tend to believe housing can become affordable to many If the AP forms the govt and every $ belonging to the god of wealth, including his followers or disciples if you wish, are returned to a proposed Housing Debt Burden fund...to be used as subsidy.

    ReplyDelete
  8. Worshipping and teaching the Spirits(deeds and acts of virtue) of our exemplary ancestors is different from beliefs in supernaturals.

    patriot

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