atans1

Cybernut exposes himself as PAP mole

In Political economy, Property on 14/11/2017 at 1:45 pm

When TRE republished this piece of mine about what called Hernando de Soto called “dead capital” (inability to use an asset as collateral) applies to HDB flats, a leading TRE cybernut exposed himself as a PAPy dog who wants S’poreans to thank the PAP for the PAP’s public housing policies.

Rabble-rouser wrote:

How can HDB flats be dead capital? [He obviously never read how Hernando de Soto defined “dead capital”: my note]

For the older &/or fully paid up home owners, how many would want to unlock their property equity values to engage in risky entrepreneurial activities? Many would prefer to keep their house equity intact for retirement & health needs.

There are so many ways to monetize or reap money from your HDB flats:
* You can sell your HDB flat on the open market if you really need money. The HDB resale market is very liquid compared to private properties.
* Retirees can do a ‘HDB Lease Buyback’ if they want to stay in their HDB flat while monetizing their flat’s remaining lease for spending money.
* You can rent out 1 to 2 room(s) for rental income with HDB approval.
* If you can stay with your kids, then rent out entire HDB flats with HDB approval for even better rentals.

* If you really need money, downgrade from EA/EM, 5-rm, 4-rm to 3-rm, 2-rm Flexi. [Just watch out for Retirement Minimum Sum]

I’m surprised he didn’t add “Vote PAP. They look after S’poreans”.

  1. freaking hilarious. bet he didn’t realise hs’s done a turncoat

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