Is sg property cheap now?

[weijian]

hi dreamybear,

Housing is indeed a complex issue, especially in the case of public housing (and been "public" in nature, one cannot escape politics).

Since it is complex, it probably cannot be looked at from a singular perspective. Heck, maybe the holistic solution/s isn't going to come from housing too! Or maybe there will never be good enough solution/s for everyone. Someone will win, someone will lose in democratic capitalism (communism anyone?)

But one thing is for sure - on a net-net basis, it is better to have asset inflation than asset deflation for the general populace! If this is the system that we are left with and there are little choices, then one just have to find work-around solutions to it.

[specuvestor]

It's more complex taking into account psychological feedback and anchoring issues. Just look at Japan past TWENTY years. And there are also other factors like personal safety, safety of asset, traffic, tax, culture etc

land has to be part of the pricing else the gap between public and private is too wide and non competitive. It's like saying NTUC Fairprice dont have to pay rent.

hi dreamybear,

Housing is indeed a complex issue, especially in the case of public housing (and been "public" in nature, one cannot escape politics).

Since it is complex, it probably cannot be looked at from a singular perspective. Heck, maybe the holistic solution/s isn't going to come from housing too! Or maybe there will never be good enough solution/s for everyone. Someone will win, someone will lose in democratic capitalism (communism anyone?)

But one thing is for sure - on a net-net basis, it is better to have asset inflation than asset deflation for the general populace! If this is the system that we are left with and there are little choices, then one just have to find work-around solutions to it.