Some time ago I said that the condos today will be the HDB of tomorrow.
But, quite seriously, I think HDB is far better quality.
If these dog boxes are knocked down, who will pay? Or should I say what mechanism will be used to get the taxpayers to pay?
The developer pays the owners if it wants to redevelop that plot, and then pays the government to top up the land tenure. Nothing is done with tax payers money.
Yawn.
So, if I understand you correctly, you are saying no private sector company is bailed by the taxpayers, right?
Shall we discuss the banks and financial institutions who received, or the savers who were promised taxpayers money?
Shall we discuss auto companies which were bailed out by taxpayers?
Shall we discuss generally, the unspoken rule that private enterprise stands or falls on merit and unlike state industry, does not fail and leach off the tax payer?
What about Quantitive Easing or Surplus Spending and was it really surplus when we have so much debt?
And what about PIIGS sovereign debts and who do you think will pay that?
Banks do not take risk.
Banks do not bail out unless the risk is underwritten.
Insurers do that.
Which Singaporean banks have received taxpayers money? If you read my post I said developers will foot the bill if they want to redevelop a plot, I wasn't talking about overseas companies.
Anyway, you are taking the discussion to a wrong direction. Let's just focus on the future price drop shall we.I will return to market as soon as it corrects 40 per cent. If the resale sellers won't budge I just buy directly from developers.
