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in a way, banks seem to converge to a same standards, like that quite tough for banks to differentiate and make money
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Hard to stop the charge of lemmings.
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30-06-2013, 04:27 PM
(This post was last modified: 30-06-2013, 04:28 PM by cfa.)
(30-06-2013, 03:55 PM)egghead Wrote: (30-06-2013, 03:35 PM)cfa Wrote: If Gov is serious about curbing the property market, they do not have to come out with so many CMs and still not effective. The 9th wayang will be out in the near future. They are fully aware people enjoy watching wayangs .
Obviously, this TDSR is to close some loop holes that allowed people to bypass the previous CMs; and also getting the FIs to follow similar assessment criteria. When people work, you say people wayang; when people don't work, will you say they are sleeping? Please remember that there are many civil servants who are just ordinary citizen doing their job.
If they are serious at their work, there would not be so many ""loop holes "" after so many rounds of CMs. This tells all.
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The cleanest way is to increase housing supply, other deliberate actions are cosmetics. Period.
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Multi prong. Even supply need lead time to build. Delay copycat demand from tightening credit and taxes.
I think the govt did quite ok. When the supply TOP, gonna hear people KP about slow or bad property mkt.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Everyone always thinks they can do a better job, but the question is, are they really able too, making sure the fine balance between the requirements of all parties and ensuring no impact to the economy.