(28-05-2024, 06:19 PM)Ola Wrote: Rich people can afford to buy house
so they willingly, happily, voluntarily pay $200k more
And for some like Jac, it is considered investment not Roof over his Head
Many peepur stretched their finances to buy the biggest and most expensive private house they could borrow to do so, to flip.
When bank lending rates went up, these are the peepur who kpkb expecting PAP to do something for them. If the government helps them by giving them grants, the money has to come from taxpayers right.
In edmw they call this.... privatize the profits (which they make from flipping) and socialise the loss. Behind the anonymity of social media, they join the 39% and say VTO to exert pressure on the government. They are making use of oppies to enrich themselves.
Back to the point... Cost of living increase is not about mee pok costing $4.50 instead of $3.00. Food is a small ticket item. We should not use food as an exampur but a more representative basket of goods and services.
That being said, if all countries don't face inflation and only Singapore is facing it, then I'd agree that ex PM Lee did a bad job. In truth even countries like China, Japan, South Korea, India, and the EU countries AND the US are all in a bad shape
We have to be fair before we criticize..