jeronimo002
jeronimo002 t1_ivxziu1 wrote
Reply to comment by lo_fi_ho in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
they do. the prices here are the prices of the houses the richest 20% buys
https://www.youtube.com/watch?v=3dBaEo4QplQ&ab_channel=PolyMatter
jeronimo002 t1_ivxz6a8 wrote
Reply to [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
This is very misleading!
the goverment helps with housing a looot over there.
the % of houses that are on sales are very expensive because they are for the richest % in the state.
https://www.youtube.com/watch?v=3dBaEo4QplQ&ab_channel=PolyMatter
jeronimo002 t1_ivydf3c wrote
Reply to comment by Throwawaytehpengcup in [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
Housing is ridiculously expensive worldwide.
The sittuation however is much better than hongkong!
Comparing it to the US makes ZERO sense. Singapore was still a develloping country in 1992 while today, the US is becoming a develloping country if they continue on their track.
Singapore has a considerable higher purchasing power than hong kong
https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Hong+Kong&city1=Hong+Kong&country2=Singapore&city2=Singapore
You can't point to a single cause, but probably housing has catapulted Singapore above what it could be if it took the hong kong approach.
Singapore has overtaken the GDP per cap by 50% compared to hong kong in the graphs period and the prices don't show that.
again, the whole world has expensive houses (Neoliberalism does that). the US and Europe have the same problems, probably even worse!