Night Owls Chatterboxes - Part LXXXIV
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still gotta re-do the whole dem thing
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I conquered the Serangoon Gardens hills and dogs!!!
I swear its the toughest 17km I have biked in my nearly 1500km mileage.
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i think the assholes in power better rip open their eyes which they sewed shut because the goddamned inflation is getting out of hand.. and banks are offering multi-generational loans for public housing!
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Some of it isnt MIW's fault.
The monetary expansion coming from all the central banks is wrecking havoc everywhere. They are currently printing shit-loads of money to try to "jump-start the global economy".
And most astoundingly, the stupid stock market plays with everything, including food of all things.
Of course that's when things goes bonkers, as it is now.
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It's just a matter of when this will come crashing down, not if, but the impact will be worse the longer this goes on.
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Originally posted by SBS2601D:
Some of it isnt MIW's fault.
The monetary expansion coming from all the central banks is wrecking havoc everywhere. They are currently printing shit-loads of money to try to "jump-start the global economy".
And most astoundingly, the stupid stock market plays with everything, including food of all things.
Of course that's when things goes bonkers, as it is now.
it is their fault..
they "liberalised" public housing.. instead of taking responsibility for people selling their HDB flats to upgrade/downgrade or whatever, in the past they bought the flats at a fixed price and sold it at the fixed price..
but no.. the allowed the goddamned PUBLIC HOUSING flats (supposedly built by public funds) to be traded in the open market.. which created the bubble and the fucked up housing mess we have now.. all for stamp duties and GST..
if you looked at the inflation for the past few months, almost all of it came from 2 things.. which brings me to the next bit...
transport... the fucked up COE has got out of hand.. in fact, it is pushing the other bits of the inflation basket to the stratosphere....
the normal person can't even think about affording a car anymore... not when the COE is 3 times the actual cost of the car.. and there's also excise too...
this is driven up by the businessman who decides he wants a merc to replace his old merc... so he goes and just tells cycle & carriage to get a merc... the dealer goes out and bids really high because the businessman wants his merc.. the businessman says "meh.. $100k COE? i'll just charge my customer $1.10 instead of $1"
it is real because that happened to one of my neighbours.. he's got a pile of mercs and other cars but he just passes the costs to his customers...
that's inflation.. but he doesn't know it nor cares.. he's got his merc...
MBT has a lot to answer for... because these things were highlighted to him, and to the assholes in parliament.. and to everyone else who refused to listen..
they didn't give a shit because we, the citizen would pay for it.. not them.. it is never them
it's an "honest mistake" and they move on.. telling everyone not to play the blame game..
well, the blame game is necessary to make them account for their errors.. which the country is paying for.. and may possibly be destroyed because of their greed
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The most scary part is that MBT is but a product of the current system....
As for houses, as you guys might recall, I did a study on affordability.
My conclusion was that, segmenting the PUBLIC housing market was going to lead to unhappiness simply because you can't call it PUBLIC, when some of it is designed to be out of reach for the average folks!
Unfortunately, and what I found to be sad, was that my conclusion was rejected by my fellow group-mates who insisted that it was better to segment the market because that way, the rich and poor get allocated what they prefer more efficiently.
That, is the reason why the MIW is still in power.
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happy to be out of the office tomorrow, even it's still work. makes for a nice change
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Originally posted by the Bear:
it is their fault..
they "liberalised" public housing.. instead of taking responsibility for people selling their HDB flats to upgrade/downgrade or whatever, in the past they bought the flats at a fixed price and sold it at the fixed price..
but no.. the allowed the goddamned PUBLIC HOUSING flats (supposedly built by public funds) to be traded in the open market.. which created the bubble and the fucked up housing mess we have now.. all for stamp duties and GST..
if you looked at the inflation for the past few months, almost all of it came from 2 things.. which brings me to the next bit...
transport... the fucked up COE has got out of hand.. in fact, it is pushing the other bits of the inflation basket to the stratosphere....
the normal person can't even think about affording a car anymore... not when the COE is 3 times the actual cost of the car.. and there's also excise too...
this is driven up by the businessman who decides he wants a merc to replace his old merc... so he goes and just tells cycle & carriage to get a merc... the dealer goes out and bids really high because the businessman wants his merc.. the businessman says "meh.. $100k COE? i'll just charge my customer $1.10 instead of $1"
it is real because that happened to one of my neighbours.. he's got a pile of mercs and other cars but he just passes the costs to his customers...
that's inflation.. but he doesn't know it nor cares.. he's got his merc...
MBT has a lot to answer for... because these things were highlighted to him, and to the assholes in parliament.. and to everyone else who refused to listen..
they didn't give a shit because we, the citizen would pay for it.. not them.. it is never them
it's an "honest mistake" and they move on.. telling everyone not to play the blame game..
well, the blame game is necessary to make them account for their errors.. which the country is paying for.. and may possibly be destroyed because of their greed
Fuck the pap! A pox upon that party!
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Originally posted by the Bear:
it is their fault..
they "liberalised" public housing.. instead of taking responsibility for people selling their HDB flats to upgrade/downgrade or whatever, in the past they bought the flats at a fixed price and sold it at the fixed price..
but no.. the allowed the goddamned PUBLIC HOUSING flats (supposedly built by public funds) to be traded in the open market.. which created the bubble and the fucked up housing mess we have now.. all for stamp duties and GST..
if you looked at the inflation for the past few months, almost all of it came from 2 things.. which brings me to the next bit...
transport... the fucked up COE has got out of hand.. in fact, it is pushing the other bits of the inflation basket to the stratosphere....
the normal person can't even think about affording a car anymore... not when the COE is 3 times the actual cost of the car.. and there's also excise too...
this is driven up by the businessman who decides he wants a merc to replace his old merc... so he goes and just tells cycle & carriage to get a merc... the dealer goes out and bids really high because the businessman wants his merc.. the businessman says "meh.. $100k COE? i'll just charge my customer $1.10 instead of $1"
it is real because that happened to one of my neighbours.. he's got a pile of mercs and other cars but he just passes the costs to his customers...
that's inflation.. but he doesn't know it nor cares.. he's got his merc...
MBT has a lot to answer for... because these things were highlighted to him, and to the assholes in parliament.. and to everyone else who refused to listen..
they didn't give a shit because we, the citizen would pay for it.. not them.. it is never them
it's an "honest mistake" and they move on.. telling everyone not to play the blame game..
well, the blame game is necessary to make them account for their errors.. which the country is paying for.. and may possibly be destroyed because of their greed
60.1% consented! -
now that's 2 guys i haven't seen lurking around here for some time
*waves to av*
*waves to 7-11*
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Originally posted by cassie:
now that's 2 guys i haven't seen lurking around here for some time
*waves to av*
*waves to 7-11*
*waves* I came in to curse the pap for old time's sake
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Originally posted by SevenEleven:
60.1% consented!Fuck all of them!
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If you look at shout box once in a while, you might see me sharing my cai png stories with char char
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Originally posted by av98m:
*waves* I came in to curse the pap for old time's sake
oh yeah hor...long time no hear about the PM's hubby
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Originally posted by cassie:
now that's 2 guys i haven't seen lurking around here for some time
*waves to av*
*waves to 7-11*
hello cassie -
and for 2601 and/or lonely gal...results of the race against cancer is out
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Originally posted by SevenEleven:
hello cassiehow are things with you? saw yr post on your himalayan hols
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eh...
Like I'll say before... COE has a stupid cycle... But it got out of hand as for 1 moment they decided not to use the real proper figures to tally the quota for the next Qtr or H1/2...
If you ask me, well one fine day, the best solution is buy parking lot just to own a car instead... simple as that...
as for public housing... so if ppl have to move house all because of their workplace etc, sell back to zheng hu? Zheng hu sell it out directly?
Now, so we want the govt to take charge of everything? So to play e politics around? I'm not into consent of this matter either.
Any case, the public housing for matured estates has really gotten out of hand... I'll say this also, (to those who accuses of booklicking, buzz off)... You tell me to stay at Jurong West BTO and I'll tell u I seriously dun mind as there's proper amenities like markets etc...
That's still a house...
MBT has a lot of things to explain, for each n every development decision that was made... not just over housing...
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full metal jousting is cool as heck!
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cant afford a car...stuck with breaking down public transport...
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back from a run
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Cannot afford car then go run lor.
Oh wait, that's what you did.
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so not stressed today?
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Stressed.
Stressed until tears roll down.