Public Housing, the Urban Myth

1. Its high time to raise the 8K household income ceiling for buyers of new HDB flats. Unrealistic at this age and time, me and Kenneth Cole tried ways to get around it but its impossible unless you would like to spend your honeymoon in the slammers like Mr. AMK Curry Puff (on that note, who were you trying to kid?? 5,000 puffs a day and only declaring $18,000 in annual income a year. Come on, IRAS can do the math).. and this leads to rant #2

2. As an alternative, we have the Executive Condos which any household with a less than 10K income is eligible for. Sounds good on paper. Private housing facilities at public housing prices (or rather at a 30% discount off regular prices) and comes with a grant too. Trouble is, with the property boom, an EC just costs a bit less than a private condo with 999-year or freehold lease in the same suburb areas. So that's out too...

3. ...so the only option for us is resale flats. I am so going to get smack for ranting about resale flats after just one day of house hunting. What can I say but we are a herd syndrome lot (just like the Oscars voters). "En bloc millionaires, booming private property prices, hey let's raise our valuation till sky high! Someone will buy our flat since so many can't go for new flats due to points #1." And I'm not even talking about the supposedly 'hot' areas like TPY or AMK. These are northerners trying to pull a fast one with a 30K - 50K valuation tags. I too, can do the math. For that kind of price, at least come with tasteful fittings. I dun pay for bad taste.

http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/013D33A80BFF99244825731A0026A9E2?OpenDocument Obviously no one reads press releases anymore.

~SeamonkeY~