Saturday, 12 April 2025

CPF HDB PAP - How Using CPF "money" to buy Homes is Addictive and Wrong

[Drafted Feb 2024]

Convenient Lies, Inconvenient Truths: Opinions Regarding Sensitive Issues - C.L.I.T.O.R.S.I.

It is not the policies you disagree with that are evidence that you are being controlled. It is the policies and practices you embrace wholeheartedly. And love!


So... property prices are rising and people are complaining and so the govt should listen to these people, and do something to lower property prices, right?

Sorry to disappoint you but, no.

Ok, you say. Maybe not ALL property prices, but million dollar HDB flats doesn't make sense right? The govt should at least control the prices of HDB flats right? Especially resale flats right?

No. 

HDB has build around 1 million flats and sold these flats to Singaporeans. HOWEVER, there are people who are thinking of buying a flat and they are facing high prices. Let's say there are 50,000 of these people - young couples looking for their first home. If the govt makes policy that limits the price of resale flats, 1 million home owners and their families will be made poorer. But 50,000 new home buyers will be happier. What do you think will happen at the next election?