atans1

“Housing is Affordable”: The real truth

In Property on 24/04/2016 at 4:25 pm

Both PAP ministers  (“Affordable”: err on S$1m salary, everything is affordable) and TRE cybernuts (“very unaffordable”: how they know? They all living in rented public housing but cursing the govt because they want free housing juz like they expect Team TRE to pay money to entertain them.) are wrong.

Housing here is only marginally unaffordable. Chart from FT

Chart: Housing costs

Update on 13 May: A regular reader pointed out: I assume net earnings means after tax earnings. If that is so, then the net earnings for Singapore is massively understated. I am certain if CPF contributions are computed into net earnings, Singapore will be a lot higher.

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  1. I assume net earnings means after tax earnings. If that is so, then the net earnings for Singapore is massively understated. I am certain if CPF contributions are computed into net earnings, Singapore will be a lot higher.

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