11 Nov '12, 1pm

SDP's NOM : Finding solutions for the housing problem.... #oursgconv

SDP's NOM : Finding solutions for the housing problem.... #oursgconv

The problem itself is not too difficult to understand. In the last 20 years (1990-2009) median household income doubled while property prices more than quadrupled. When this happens, you borrow more to purchase your home and the cost of housing starts to cannibalize your retirement funds or your making it harder for you to achieve a good quality of life as a large part of your income goes to servicing your housing debt. As seen from what happened in Europe, Japan and USA, when housing prices rises too much relative to median income, it causes an expansion of housing debt (credit) that later causes severe economic problems when unsustainable housing prices fall. Over 45% of Singapore home loans have tenures exceeding 30 years[Link ] and bank credit has expanded $460B from about $200B just 4 years ago. . SDP's solution to our housing problems is to have HDB build a class of ...

Full article: http://singaporemind.blogspot.com/2012/11/sdps-nom-findin...

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sgpolitics.net 08 Nov '12, 10pm

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yoursdp.org 15 Nov '12, 7am

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yoursdp.org 06 Nov '12, 2pm

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yoursdp.org 07 Nov '12, 2pm

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yoursdp.org 05 Nov '12, 8am

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yoursdp.org 19 Nov '12, 6am

by researchers from the National University of Singapore (NUS) showed that a Singaporean household earning $5,000 in 2017 ...

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