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badchad65 t1_ivzi1uu wrote

Reply to comment by GamingRanger in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch

Eat shit. Yes, the cost is rising. Millions of people still live there. Ergo, they afford it, unless you’re dense enough to imply they live there free.

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Maguncia t1_ivzyn65 wrote

I mean, every time the price the buy real estate rises, fewer people can afford it - that's just a truism. Not sure what logical step is eluding you. Fewer people can move there, more people have to emigrate, more people have to rent instead of buy, more people have to live with their parents.

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badchad65 t1_iw09ke0 wrote

If I don't pay my mortgage, my home gets foreclosed. If a tenant doesn't pay rent, they're evicted. How can someone "not afford" their living expenses, yet simultaneously live there? As is the case with millions of people in Singapore?

Your point about real estate is spot on. As prices rise, fewer can afford it, so they leave. So according to this logic, if 5 million+ people live in an area...

Singapore's population is just now starting to decrease, so yes, so some people, it appears its becoming unaffordable.

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GamingRanger t1_iw02dto wrote

Millions of people can live in Los Angeles, they can’t afford it. Tens of millions live in Lagos and Jakarta and Kinshasa but they CANT afford it. Affordability is not about how many people live in an area. Infact more people in a smaller area = less affordable unless you increase your housing supply. Which is why people leave places like LA to go to “boring” places like Phoenix. You can’t just leave Singapore though. Or Hong Kong or Macau or any of these other micro states with the highest housing affordability issues of any nations on earth.

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badchad65 t1_iw08cxt wrote

If I don't pay my mortgage, my home gets foreclosed. If you don't pay the rent, you get evicted. By definition, how are people living a place they cannot afford?

Is the cost of living so high it probably sucks ass to live there? Certainly. You can find plenty of people living in closets in NYC for ridiculous prices. Looks like a shitty living situation to me, but they appear to afford it.

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GamingRanger t1_iw0fwtz wrote

I refuse to accept someone can be this dense

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badchad65 t1_iw0gn5d wrote

Excellent rebuttal. Come back to me when you have the cognitive capacity to formulate an argument.

We can argue semantics indefinitely. When something is “unaffordable,” the price is too high for you to purchase. Millions are paying for housing in Singapore. It probably sucks, but if they couldn’t “afford” it, they’d be kicked out and unable to live there.

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