Wednesday, April 20, 2011
The PAP has begun to believe in their own lies
The PAP has begun to believe in their own lies. The HDB has become the only asset that a couple has after a lifetime of paying for the principal sum and the interest. If they can downgrade to a smaller flat it doesn’t provide much money because a downgraded flat also cost a lot by this time. With the current prices, job insecurity and competition with foreigners, many young Singaporeans continue to stay with their parents, so how are the old folks going to sell their apartments and throw the whole family into the streets? Of course, the PAP solution (suggested by Khaw Boon Wan) is to send the oldies to Johor to live in retirement homes. It is going to create a lot of social tensions and disharmony when the children grow up and look at the capital locked up in the family home, decide to sell the family home to fund their own HDB purchases. HDB has to remain as a program that stays affordable and is an entitlement for genuine Singaporeans who have served national service. The PAP says that reducing prices now will affect the people who have bought recently. Well my answer to that is that this is a problem that the PAP created in their mad rush to generate billions for ho ching to gamble away in risky oversea investments. This issue was brought up many times but the PAP has chosen to ignore it. Anyway haven’t we paid them handsomely to resolve such problems for us? Perhaps the PAP is right, they screwed up again. The point is that they cannot be fit to govern over us, paid the enormous sums and carry on with the same attitude. We have got to cut our losses and cut them out the government altogether.
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