Lower The Cost Of Living
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So far the inflation rate is still under control? What u mean the cost of living high? U mean the food or medical cost?Originally posted by Aveme:that would not be a clever way to curb inflation given that singaporeans are so heavily in debt.A increase in the interest rates will means tht the rate at which people repay their loans at will increase as well leading to an even higher burden -
i mean your suggestion of increasing interest rate to curb inflation is only going to increase the cost of living in another form,in the form of higher repayment amount for their HDB Loans,car loans and whatever loans they have.And cost of living high= cost of everything in general,not anything specific as prices of almost everything increased unilaterallyOriginally posted by will4:So far the inflation rate is still under control? What u mean the cost of living high? U mean the food or medical cost? -
In ur observation lately, what u noticed have increased?Originally posted by Aveme:i mean your suggestion of increasing interest rate to curb inflation is only going to increase the cost of living in another form,in the form of higher repayment amount for their HDB Loans,car loans and whatever loans they have.And cost of living high= cost of everything in general,not anything specific as prices of almost everything increased unilaterally -
prices for everything since the last election 5 years ago?Originally posted by will4:In ur observation lately, what u noticed have increased? -
Property; Petrol.... huge increase... but I notice that they are making the S$ stronger to counter the strong crude oil prices.
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What are they doing to curb property prices?Nothing as far as I can see.
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yup the stronger $ will help but it also has it downside as now export and services out of singapore will become more expensive leading to possible lower export earning.A good example will be our port charges,singapore is the leading port in the area used by tons of ship who pass nearby,now comparatively the cost to use Singapore will increase and some of these ships may just use the port in nearby malaysiaOriginally posted by casino_king:Property; Petrol.... huge increase... but I notice that they are making the S$ stronger to counter the strong crude oil prices.
So such deliberate act to control the value of the currency should be done well to ensure a positive balance at the end of the day aka value of savings from lower crude oil price > value of lost earning from lost of export earning. -
Our port is well known for their services compared to Malaysia.Originally posted by Aveme:yup the stronger $ will help but it also has it downside as now export and services out of singapore will become more expensive leading to possible lower export earning.A good example will be our port charges,singapore is the leading port in the area used by tons of ship who pass nearby,now comparatively the cost to use Singapore will increase and some of these ships may just use the port in nearby malaysia
So such deliberate act to control the value of the currency show be done well to ensure a positive balance at the end of the day aka value of savings from lower crude oil price > value of lost earning from lost of export earning. -
there will come a price where it will just not be value for money even if the service is good so the govt cannot keep using the strategy of increasing the value of the sing $$ to curb the price of crude oil.That can only be a short term solution to help out a bit.Originally posted by will4:Our port is well known for their services compared to Malaysia.
More have to be done on a mirco level to actually control the cost of living in singapore for a particular segment of the population who need it (aka lowest 20% income bracket earners) -
Nobody said that it is risk free and or has no downside... but one observes that they are doing that.Originally posted by Aveme:yup the stronger $ will help but it also has it downside as now export and services out of singapore will become more expensive leading to possible lower export earning.A good example will be our port charges,singapore is the leading port in the area used by tons of ship who pass nearby,now comparatively the cost to use Singapore will increase and some of these ships may just use the port in nearby malaysia
So such deliberate act to control the value of the currency should be done well to ensure a positive balance at the end of the day aka value of savings from lower crude oil price > value of lost earning from lost of export earning.
There does not seem to be any action with regards to rising property prices. The rising property prices benefit only the rich with big and multiple houses. It is detrimental to the poor especially those who does not own a property or a tiny property. It is also devastating for those living in leased properties and that is the majority of Singaporeans who lives in HDB leased units. -
With 2 in parliament you think they care we all die with the rising property prices?
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How come rising property prices affect those only in leased property in what manner?Originally posted by casino_king:Nobody said that it is risk free and or has no downside... but one observes that they are doing that.
There does not seem to be any action with regards to rising property prices. The rising property prices benefit only the rich with big and multiple houses. It is detrimental to the poor especially those who does not own a property or a tiny property. It is also devastating for those living in leased properties and that is the majority of Singaporeans who lives in HDB leased units. -
yup i am just saying that the govt cannot depend totally on increasing the value of the sing $ to control cost of living as there will come a point when the gains < costOriginally posted by casino_king:Nobody said that it is risk free and or has no downside... but ine observes that they are doing that.
But there does not seem to be any action with regards to rising property prices. The rising property prices benefits only the rich with big and multiple houses. It is detrimental to the poor especially those who does not own a property or a tiny property. It is also devastating for those living in leased properties and that is the majority of Singaporeans who lives in HDB leased units.
yup that is why one of SDA's (if i remembered correctly) points in the bygone election was for HDB to reveal the cost of building our flats,since it was felt that the cost of such public property housing is too high,too bad HDB do not want to reveal any figures. -
Sporean staying in leased property had one advantage which is they can shift out of the country without being tied down to the ground.Originally posted by Aveme:yup i am just saying that the govt cannot depend totally on increasing the value of the sing $ to control cost of living as there will come a point when the gains < cost
yup that is why one of SDA's (if i remembered correctly) points in the bygone election was for HDB to reveal the cost of building our flats,since it was felt that the cost of such public property housing is too high,too bad HDB do not want to reveal any figures. -
People in freehold do not need to "return" their property so they can then pass it on to their children and grandchildren.Originally posted by will4:How come rising property prices affect those only in leased property in what manner?
HDB units, when the lease expires, has zero value and the children of these HDB flats need to lease new ones at the exorbitant prices if something is not done to keep rising property prices in check. -
hur? i do not understand your pointOriginally posted by will4:Sporean staying in leased property had one advantage which is they can shift out of the country without being tied down to the ground.
did you mixed up leasehold property (what casino mean) and rented property?They are different
Leasehold property at high prices will tie you down for 20-30 years -
The trouble is only single Sporean aged 35 can buy a flat but if below the age need to be married but take a look, Sporean getting married at later.Originally posted by casino_king:People in freehold do not need to "return" their property so they can then pass it on to their children and grandchildren.
HDB units, when the lease expires, has zero value and the children of these HDB flats need to lease new ones at the exorbitant prices if something is not done to keep rising property prices in check. -
Sorry n pardon me for my mistake.Originally posted by Aveme:hur? i do not understand your point
did you mixed up leasehold property (what casino mean) and rented property?They are different
Leasehold property at high prices will tie you down for 20-30 years
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I note that in most countries, they own freehold property. In Thailand, the Government housing policy is this: Freehold. You pay downpayment of about S$3000 and then S$80 a month for 25 years and the house (not flat) and land is with your family for "eternity."
This then acts as a social safe guard. In bad times, everybody comes home and contributes to the household expenditure. Everybody in the family has a roof over their heads. -
Thanks; one small thing, please refer to me as CK and not casino... I HATE CASINOS OK I feel better.Originally posted by Aveme:hur? i do not understand your point
did you mixed up leasehold property (what casino mean) and rented property?They are different
Leasehold property at high prices will tie you down for 20-30 years -
well the problem with singapore is that we lack land,so freehold is definately not possible as land is always needed for future development.Originally posted by casino_king:I note that in most countries, they own freehold property. In Thailand, the Government housing policy is this: Freehold. You pay downpayment of about S$3000 and then S$80 a month for 25 years and the house (not flat) and land is with your family for "eternity."
This then acts as a social safe guard. In bad times, everybody comes home and contributes to the household expenditure. Everybody in the family has a roof over their heads. -
Originally posted by casino_king:
haha ok CK
Thanks; one small thing, please refer to me as CK and not casino... [b]I HATE CASINOS OK I feel better.[/b] -
Debt?Originally posted by Aveme:that would not be a clever way to curb inflation given that singaporeans are so heavily in debt.A increase in the interest rates will means tht the rate at which people repay their loans at will increase as well leading to an even higher burden
I believe most ended up into those credit card loans, they are worst than housing loans -
there there there you are missing out the pointOriginally posted by sbst275:Debt?
I believe most ended up into those credit card loans, they are worst than housing loans
The problem we are discussing is to lower the cost of living for the really needy.This lowest 20% income bracket earn only $800 per month and no way this segment of the population can get a credit card,but this segment of the population are sure to need to buy a HDB flat (given that it is a need to get a roof over your head) -
Rising cost of living affects everyone, not just the poorOriginally posted by Aveme:there there there you are missing out the point
The problem we are discussing is to lower the cost of living for the really needy.This lowest 20% income bracket earn only $800 per month and no way this segment of the population can get a credit card,but this segment of the population are sure to need to buy a HDB flat (given that it is a need to get a roof over your head)
The poor, time changes, ppl also change
There are also comfortable living ppl that ends up poor because of all these